let s start here in the uk, where the government has announced it s creating four regional trade and investment hubs to boost economic growth across the uk. secretary of state for international trade liz truss says that the hubs would be located in edinburgh, cardiff, belfast and darlington. the aim is to boost exports by providing localised advice from export and investment specialists to firms. according to recent government led research, exports support 6 point 5 million jobs across the uk, 7a percent of which are outside london. the report also found thatjobs directly and indirectly supported by exports pay around 7 percent higher than the national average. joining me now isjustin urquhart stewart, co founder of seven investment management. you have spent much of your career talking about the importance of commerce, trade, what make of this move on the part of the government? it is a goodidea part of the government? it is a good idea to make sure there is a greater focus
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. let s 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 pa
500 futures up about one third of 1%. ftse futures higher by 2/10 of 1%. unbelievable to see a zillion euro in the mix a resilient euro in the mix. the story is the equity market yesterday. the more cyclical sectors, bottom of the pile in the u.s. and europe, energy stocks having a tough time of it in 2020. annmarie: they have. both sides of the atlantic, energy getting pummeled. that brings us to bp results. the first of the oil majors to report earnings kicking off the week. adjusted net at $86 million. the estimate was for a loss of $116.8 million so that is something that will boost bp. is expected to fall in the fourth quarter. so far, it is not looking too bad. analysts were expecting a loss because right now, the refiners are having trouble turning a profit because demand is so low. when you turn that crude into things like gasoline, the demand is not there. the volatility buying all the oil and selling it at a higher price, that saves a lot of these majors in the la
fines for not wearing a mask. jimmy lai tells bloomberg he was arrested on trumped up charges. our interview with the next didge tillman owner shooter. they push back against a ground-breaking green between israel and the u.a.e. to norlanderalize relations between the two countries. president trump says there is more to come from diplomatic efforts in the region. a very good morning to you all. we are just under an hour away from the start of the cash equities trading session here in europe. let s have a look at where we are on the futures. it looks as if we could see in downside moving at the start, but we are generally drifting when it comes to the global equity session from asia to europe. we are expect to go see a little weakness. some of the futures suggest it could be weaker down about .2% or .3% on a futures. programs a different dynamic in the ftse 100. let s have a look at u.s. futures as they point to a little bit of weakness at the start of the u.s. trading day. we
what is going to be the outcome of this summit? the trilateral meeting? seeing is that one leg of that triangle is in a bad situation has been japan and south korea on hostile terms for the past year. what they managed to do was pull forers of japan together their first summit in 15 months. we have seen the opening remarks from that meeting. remarkably warm, considering what has been said over the past year or so. both sides have pointed out the importance of the relationship and said they really want to improve it. the disadvantage they both face is their own populations at home are not necessarily keen on that idea we have seen a pull in japan that isin 70% of voters see no need to improve relations in any kind of hurry. what is china-japan relations? that is something shinzo abe has been anxious to make an achievement of his long period in office. when he took office in 2012, relations were so bad there were concerns about military conflict over a territorial dispute.