I am Francine Lacqua in london. This is what the markets are looking like. Ofis more quiet because august, not so because of august 2020. The european shares are fluctuating, chinese stocks rally in, and oil up with the opec gathering this week. Travel agencies and Real Estate Companies were the biggest drags in the 600, with the dollar weakening against most of its peers. We will have more on the markets throughout the day, but now, lets get straight to the bloomberg first word news in london. Here is leighann gerrans. Leighann in the u. S. , House Speaker nancy pelosi is calling members back about the postal service, which has warned at least 46 states they may not be able to develop ballots on time for the november election amid operational changes and a funding cuts. President donald trump has said repeatedly and without evidence that voting by mail is subject to widespread fraud. Now, in new zealand, Prime Minister Jacinda Ardern has delayed the general election by four weeks unti
Of more support. European futures point to a negative open. A Company Agrees to buy its pivot toa deal as they innovative therapies. Good morning to you. Welcome to the European Market open. Just under an hour away from the start of cash equity trading in europe. Lets get to the futures picture. This is what weve got for you. Its interesting when you cast your mind specter friday. Friday straight and did with a minds back to friday. You might expect to see more catch up in the futures story for europe. Futures,or the bottom European Equity futures suggesting more down. Ftse futures fairly flat. It looks flat for the european start of trade. Interestingly, u. S. Futures expect to go higher even after we saw more strength in the u. S. On friday than in europe. We see more room for maneuver to the upside. U. S. Futures point higher. Lets get to the gmm. That shows you one of our headlines, around china, pboc injecting liquidity into the market. A lot of people are asking whether we will s
Ahead of the Conference Call to the g7, leaders, a lot of focus will be on whether they will step in with coordinated action or words to assuage the markets. Ahead of that, markets are rising. The stock europe 600, 4 and the that saw a lot of losses because of the epicenter in europe still in italy, up today. The dax up. S p futures, gains across the board. A caveat. Yesterday, we saw similar gains and they peter off as the day went on. Today, there is expectation from g7 and that the fed will possibly step in. Lets get to the bloomberg first word news in new york city with Viviana Hurtado. With an update on the coronavirus. Governments around the world preparing for emergency measures to fight the outbreak. Drugmakers hope to have antiviral treatments ready within the month and vaccines by next year. Of cases number worldwide, topping 90,000 but reports suggest over half those people have now recovered or have been released from the hospital. Central bank, it has cut rates and signals
Significant rally, up eight at the opening bell, a gain of 55, urging the fed to cut rates. We wait to see when the fed is. Some money coming out of treasuries. I want to see it but cant, dont have it but it is up from the historic low of one. 03 , it is one. 12 as we speak. Politics. A mad scramble by the democrats to support joe biden and beat back the bernie challenge. Amy klobuchar and Pete Buttigieg throw their support to biden, beto reappears to back him up. This is desperation time. Today bernie is expected to win the california and texas primaries, all hands on deck for the moderates, they are panicked at the thought of the bernie nomination but there is still bloomberg. He says even if he doesnt do well today he is not bowing out. Democrats are locked in a 3way battle, totally split, at war with themselves. Just wait till you see joes latest gaffes, that is plural. Varney and company is about to begin. Tomorrow is super tuesday. I was waiting for a black man to pick me up and
Google, she says. Revolving around the stills which ensure every smartphones sold in america comes Out Of The Box with google preinstalled. They said his company is more than i should billion dollars into the development of its own search engine, being and investing in Artificial Intelligence and is considered a front runner. But they wonder there are limits to how far ai can reshape the market. This comes many years after they faced their own Monopoly Case which was settled in 2001. But pave the way for competitors like google. We are now into 0ctober competitors like google. We are now into october and the final quarter of 2023 and it is a good time to really take stock of the year and see how the rest of it is likely to pan out in the Financial Markets achieve a good time to really take stock of the year and see how the rest of it is likely to pan out in the Financial Markets chief economy Summit Baptists as investors of grown more optimistic about the Global Economy and its largest