The bloomberg terminal. The 2021 outlook darkens. The world Bank Downgrades its growth forecast as you covid variance crippling lockdowns new covid variants, crippling lockdowns. Xi jinping makes his first public remarks of the biden era in the keynote address of the virtual summit. Merkel and macron follow. Deutsche bank says it is conducting an internal probe after a report stated that it intentionally sold clients risky investments they did not understand. We are just under one hour away from the start of cash trading in europe. Lets take a look at the futures picture this morning. We are looking at green arrows across the screen here. Euro stoxx 50 futures up more than. 5 . Ftse futures getting point gaining. 4 . Green arrows as well. In terms of s p and dow jones contracts, we are looking at. 3 gains. Nasdaq futures up. 3 . Anna, what are you seeing on the gmm . Anna we saw a nervousness amongst investors, concern. Today, we have very gloomy headlines around the pandemic but inves
Industrial production rising 7. 4 year on year. The estimate was 6. 9 , so exceeding expectations. After rising across the space, this year, november, and a fitting from export growth benefiting from export growth when other countries have struggled. Better Industrial Production coming in at 7. 4 year on year, the estimate was 6. 9 . Rishaad just also, retail sales with a lot of data. Slowing a slight showing a slight ms. , 4. 6 and we were estimating 5. 5 . That means year to date year on year, 3. 9 contraction as far as retail sales. A bit coming through with fixed asset investment. Haslinda thats right. Fixed investment rising 2. 9 year on year, the estimate was 3. 2 . Overall, we are seeing pretty mixed response, or rather mixed data out of china. Lets get some reaction to the latest gdp data. Joining us is our guest. Good to have you with us. What do you make of this mixed bag of data . Retail in particular disappointing. Yeah, i think retail is on the weak side. One thing we noti
Economy to grow in 2020. Can it endure . And europes pandemic pain continues with renewed lockdown and travel restrictions. 6 00 a. M. In london, 7 00 a. M. In paris, she is back in the seat, were joined again, annmarie, the debate is whether we have regime change, we have an administration change, is there a regime change in the market and what did the dollar do on friday, good to see you. Annmarie good morning, manus, i know youre loving that regime change in the bond market, the potential from Goldman Sachs 1. 5, i know yesterday on your show, you talk about steven majors, 3. 75 and i think today the dollar is going to be the big story with the dow jones reporting the fact that when yellen goes up for her confirmation, she is going to say that the market determines where the dollar should trade, not what the president of the United States says, things the past four years with President Trump. Manus absolutely, the rhetoric that came from the white house. She is going to use the lang
That janet yellen is set to affirm a market determined dollar level. Futures point lower. U. S. Markets are closed for Martin Luther king jr. Day. The cash trade is one hour away. Here are your top headlines from the bloomberg terminal. Six point 5 growth. Chinas gdp hits prepandemic levels, making it the only major economy to grow in 2020. President trump lands a final hit on beijing, halting the huawei supply chain. Germanys cdu selects the merkel loyalist as the new leader of the party as the chancellery is set to be considering a nationwide curfew to curb the spread of the coronavirus, plus its a busy morning for dealmakers as private equity firms and Global Infrastructure partners match the offer for french Water Company tie up talks with tariff war with carrefour are tied up for now. We see red arrows. We dont see a lot of size here. Although some decent direction. You do see the dax futures are down about. 3 . In terms of what you see on u. S. Futures, as the nation prepares for
So help me god. Congratulations, mr. President. Manus with these words, the United States inaugurates the 40 fixed president. Joe biden pledges to unify and end the uncivil war. Covid ravages europe. Britain and germany suffered their deadliest days with u. K. Hospitals like a war zone. Lockdowns grow longer and harsher. How does the economy cope . Thats the question before the ecb today. Good morning from our middle east headquarters in dubai. Im manus cranny. Its your daily edition of daybreak europe. So a new era begins in the United States of america. And they roar. The s p 500 had the best Inauguration Day since 1937. Everything rallies. Netflix up 17 . There was a collapse. In the depths of the report, they warned about a tougher First Quarter. Joe biden faces this coming down the pike. Hsbc buying everything. Warning noises from bank of america. To the dollar. Unleash the hounds on the downside. Both of my guests say that we must differentiate the dollar. We will talk about that