1. And funding, expanding testing. Chancellor Angela Merkel says unequivocal proof that Alexey Navalny was poisoned by a military grade nerve agent, causing tensions with the kremlin. A very good morning to you. Welcome to daybreak europe from dubai. It has just gone 6 00 a. M. In london, 7 00 a. M. In paris. November 1, a vaccine is going to be there, going to be in your hands, just before you go to the polls. You look at the equity market, superlatives fly. This is the biggest gain in months. Lets have a look at these markets, because the question is the market . P end the s p 500 down. The biggest gain in two months, yes. It is now very firmly value versus growth. This is what we must debate. Growth, of course, had a runaway train. Is it time to reconsider value on the back of a vaccine narrative . Msci asia up, euro stoxx 50 up. But are we at the start of a in currencies . I have asked this question. The dollar is rising by 2 10 of 1 . Itthis a dollar story, or is the currency that
Galveston in 1865, or maybe tulsa this weekend the president. The bolton papers a distraction in washington. Around that, we continue to look at economics, finance, and investment. We have a terrific guest in a moment. To frame all of this is the Interest Rate market. I loved what you said in our previous hour about the continued confusion. I am also trading this june 19 like it is the end of the have, june 30. Jonathan it has been really confusing over what is happening with the United States and china, especially when you throw what is happened with trade. We need to see it in the data. That is my point of view at the moment. Lets see if it comes through in the data. Phase i actually looks like we achieve something. Of delete august mood, course, just the amount of business being done in equities. Lisa abramowicz, you see that in the bond market. What is the distinction you see in the quiet and full faith and credit . Lisa this has been the story for the year, suppressing the borrowi
Escalation in tensions between the United States and china the trumpet administration on friday announced new measures to block shipments of semiconductors from chip makers to weiwei technologies in announcing the move the u. S. Commerce Department Said they would be changing the export rule to strategically target while ways acquisition of semiconductors that are the direct product of certain u. S. Software and technology adding the announcement cuts off while weighs efforts to undermine u. S. Export controls under the amendment to the rule Foreign Companies that keep that use chip making equipment originating in the us will be required to obtain a license before providing the chips to walk away or any of their affiliates earlier this week the us president and donald trump extended an executive order originally signed in may of 2019 which stopped u. S. Companies from using Telecom Equipment made by companies that pose a National Security risk now this order is now extended until may o
Us treasury secretary janet yellen called the downgrade arbitrary and said Economic Conditions had improved under the biden administration. The news of the downgrade came after the close of trade on wall street but in asia investors have been pulling out of equities in reaction. Lets look at markets now in asia. Japan is currently down by over 2 . Hong kong not that far behind. This was off the back of yesterday, and most of this week we have seen the sharemarket, certainly wall street and asia having a strong session but this is certainly spooked sentiment. Lets discuss this with tom stevenson, whos an Investment Director at fidelity. Good morning. Janet woody allen saying this is arbitrary. I have her statement janet yellen and she said she strongly disagrees and says it is based on outdated data. That is based on outdated data. That is riuht. Is based on outdated data. That is right it is based on outdated data. That is right. It seems is based on outdated data. That is right. It s
Australia, counting down asias major market opens. Shery the top stories this hour. The u. S. Stock rally hitting a wall following hot jobs data. The s p 500 has its worst day since april, the vix of the most in five months. Haidi u. S. Companies added more jobs in july than expected. Inc. Of america reversing its outlook for a recession. Shery Brazil Central Bank cut its key rate by 50 basis points. U. S. Futures coming online in the asian session, Downside Pressure in the new york session, asher on u. S. Stocks and bonds. This on investors having to digest high job numbers and treasury debt issuance. The day after the Credit Rating downgrade of the u. S. This coming at a time when we continue to see the treasury selloff. We are talking about yields reaching new highs, the 10 year yield at the highest level since november. An upsurge in the yields earnings. It led to more momentum. It is still earnings season, 169 s p 500 Companies Reporting earnings. Qualcomm being the latest. The Do