Headwinds remain. Welcome to bloomberg surveillance. I am Annmarie Hordern, in for Francine Lacqua in london. Fall to 46. 2, the forecast was for 46. 7. Manufacturing pmi 54. 4, forecasted 53. This,e were expecting given what happened last month, and france and london, and they were just talking to anna about this. The risk to the Service Sector employmentek, 75 of in the eurozone, so the services are where things will be much softer. A bit of a friday feeling on the euro stoxx index, especially for banks and autos. We are poised for a weekly decline, the worst in a month. S p 500 futures have been drifting between negative and positive territories the entire morning. Eurodollar 118, a little bit from euro versus the dollar. That is your market check. Now lets get around the world with first word news in london with leighann gerrans. Hi, leighann. Leighann good morning, annmarie. A second wave of Coronavirus Infections gains momentum. Told 46 Million People to stay home after 9 00 p. M
Short two to three week circuit breaker. The northwest of england, the northwest, the northeast. The list is growing longer. Tom it is going to be interesting. To say the least, the lockdown in america is not a lot done but is very regional, as mentioned in the debate last night. The upper middle west really hit hard right now. In new york city with our news, ritika gupta. Ritika President Trump and joe biden covered a wide range of issues in last nights second debate. Amongst them, racism, corruption, and the manner in which the president handled the coronavirus. Trump no choice. We cannot lock ourselves up in a basement like joe does. He says we are learning to live with it. People are learning to die with it. He also said the vaccine would be coming in weeks. In that of a guarantee is that a guarantee . Pres. Trump it is not a guarantee, but by the end of the year. Mr. Biden anyone responsible for that many deaths should not remain as president of the United States of america. Ritik
And we expect a normalization of that. But you need to remember as well that in our case, we have been working to stabilize, grow the franchise, recover some market share, so what we are pleased to see is that underneath that sort of outperformance in the market environment that we have been in, we have seen really good franchise stabilization traction , client engagement, improvement in clients. We think that bodes well for the future. You are expecting slightly higher revenue for the full year. Not too conservative now given what we have seen in the first half . It it would be james would be a normalization but i think an improvement on last years second half. Again, especially in our businesses, where a year ago, we were going through a restructuring and there was some uncertainty around our people and franchise, so with that now behind us, we see momentum in the core business, and we would like to see a secondhalf performance well ahead of last years second half, but we will see ho
Our bloomberg voices are on the ground with all of this mornings top stories. We begin in japan, with efforts to calm the market jitters over the coronavirus outbreak. The boj says it will provide ample liquidity to ensure stability. Joining us is enda curran. It help to the market for a second. What did we learn . Enda it seems like it is part of a coordinated push by the worlds Central Banks. To be a g said they would provide liquid it the boj said they would provide liquidity and followed up by putting money into the market. It is important to also say what they are not doing. They didnt signal an Interest Rate cut. Interest rates are already in the get of territory in japan. They didnt indicate any outright easing. They already have a huge Balance Sheet from years of quantitative easing. It is in sync with steps being taken by others. It is more designed to ensure confidence than outright easing. Alix lets stay in asia right now. Global coronavirus cases are at 89,000. Indonesia re
Political backlash. To rule ea is said himself out of the running for hsbcs top job. Berkley Ceo Jes Staley is expected to leave by the end of 2021. Manus a warm welcome to daybreak europe. The official of unicredit says mustier is staying at the italian banks. That is the headline. You have the jes staley story this morning, a little banking stories. For me it is about the conversation i had with axel weber on the weekend on the sidelines of the g20. Very clear, equity markets are underpricing the gravity, longevity of the potential risk from the coronavirus. That sums it up. And mustier is staying at the italian bank, good news contin. Nejra absolutely. Who would want to take the top row at hsbc with so many challenges . In terms of the coronavirus, seems like investors are trying to find the bottom of this crisis. I think it is pretty fair to now, even ifright some of the rhetoric coming out of the g20 was a little more contained than what markets are reflecting. I think that was do