Writeoff. As Boris Johnson promised more testing and tracing, which we dont have in the uk, we could sxr would have avoided a second lockdown. President trump raises questions about voter integrity in his rallies as democratic joe biden leads ten points days ahead of the election. The American People will not be silenced over a 90 Million People have already voted. Already voted. Theyve had enough theyve had enough theres too much on the line to sit it out chinas factory activity roars to life in october, expanding at its fastest rate in a decade, sending asian markets higher well, a very warm welcome to street signs. We have a packed week for you, which kicks off with some data lets look at the eurozone final manufacturing pmi for the month of october the eurozone figure has come in at 54. 8, higher than the flash estimate of 54. 4 in terms of whats actually been seen across the eurozone, manufacturing growth in the eurozone soared in october, but the recovery from the severely depres
Prime minister johnson born the house of commons the number of deaths could be twice as high as the first wave in the spring if National Action is not taken. Pubs, gyms, and nonessential shops will close for four weeks under the plan, which is subject to parliamentary approval. Hurricane zeta, which tore through this out last week, may point 4 insurers four billion. The damage was mostly from wind and storm surges. The storm affected nine u. S. States. The biggest losses were in louisiana, mississippi, and georgia. Formedrricane zeta has in the caribbean sea. It will bring heavy rain and wind and storm surge to central america. Global news 24 hours a day, onair, and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. Im Mark Crumpton. This is bloomberg. Vonnie it is 1 00 p. M. In new york, 5 00 p. M. In london, and 2 00 a. M. In hong kong. Im vonnie quinn. Welcome to bloomberg markets. Here are the top stories we are following on th
Us over time significantly closer to what i have called the pre covid inflation path while allowing us to monitor how some Key Developments unfold. Taking off british carriers hitting the top of the stoxx 600 as signs point to a recovery in the industry. Oil prices rising on the news opec and allies will meet tomorrow in a signal there may be consensus onextending outpu cuts a warm welcome. We are waking up a day after the ecb meeting. Lets look at some of the Market Reaction to the meeting. The euro has climbed to a threemonth high while italian bond yield on the back of the decision to ramp up the stimulus plan the euro trading about 11 basis points higher to 11347. The ecb will double its Bond Purchasing Program to 1. 25 trillion euros the ecb president Christine Lagarde ses they still face a contraction of 7 this year. They dont expect inflation to rise leaving it far below the 2 target she said she hoped the boosted bond buying will steer inflation back to pre covid levels collect
Year, we really dont know and then the vision fund has a record decline, as the tech bets go bad. And then buying the rumor. The shares rally on reports over the sale of its steel business sending its stock at the top of the tracks its like getting the green light to buy from the Italian Government for a 6. 3 billion credit line. And ryan air says it will have to deeply discount fares to attract passengers back in the air. The ceo says they are making this stuff up as they go along, and the reality is, face mask. You reduce the transmission by 98. 5 . Happy monday, everybody, and welcome to street signs. Last week the stock 600 dropped about 3. 8 but this morning we are seeing investors putting money back to work in particular in cyclical markets. Altogether the stock 600 rebounding more than 2 . Really recouping last weeks losses we are reopening Major Economies around the world and investors are perhaps cheering that in terms of what is in demand and shrugging off the bullish ideas,
The boe says it is examining negative rates. Emirates is considering slashing around 30,000 jobs, and bloomberg exclusive. We speak with ryanair ceo as he wraps up a legal battle with rivals. Welcome to bloomberg daybreak europe. Weve got those comments from jay powell. Japan is in recession, goldman says india could experience its deepest recession ever and we have rising u. S. China trade tensions. We continue to get breaking news through, lines coming through from ryanair which im looking for now to bring you. It sees a loss of over 200 Million Euros in the first quarter. A smaller loss in the second quarter. Thats the red headline. It cannot provide fullyear 2021 guidance at this time. In terms of what else we are looking at, it is average weekly cash burn is at 60 Million Euros, down from about 200 euros. That looks to be an improvement. Ryan are expected to be at least october for the next 200 delivery, and expects to carry less than 80 million passengers in fullyear 2021. Those