This hour. But the city where it all began is getting back on track. China lifts travel terms in wuhan, ending 11 weeks of lockdown that disrupted the lives of millions. Shery we are seeing kiwi stocks gaining ground. We had seen u. S. Stocks under a lot of pressure today. There was a lot of volatility. U. S. Futures continue to fall 3 10 of 1 . We have surged as much as 3. 5 in the u. S. Session, but that really wasnt supported through the end of the trading day. Bk futures also down nikkei futures down after japan unveiled the 108 trillion yen stimulus package. We have seven prefectures that declared a state of emergency. Current account balance and trade balance this hour. We have crude at the moment rebounding after falling to the weakest level since the start of the month. Trump hassident threatened to withhold funding from the world health organization. He has been telling reporters at the latest coronavirus White House Briefing that he is considering doing just that. Bealso said
Matt no cheating. The Trump Administration removes its designation of china as a currency manipulator ahead of tomorrows expected signing of a phase one trade deal. Proceed with caution. Markshares howard tells bloomberg exclusively, investors should beware of the bull market. The market has been up for 11 years. We are in the longest bull market and expansion in history. Profits are not rising though stock markets are. It does not mean the market will go down tomorrow but it does mean that the odds are in my opinion in the investors favor. Matt fit and focused. Can the former maintain its dominance when it comes to fixed income currencies and commodities . We are just an hour were away from the start of cash equity trading. Let us take a look at future us. Daxave green arrows here on futures and ftse futures and cap futures. We are looking at gains of about. 2 per 0. 25 green arrows in the u. S. Futures picture although they are not quite a strong with the exception in general, they a
These are your markets. A bit of a move sideways for the europe stoxx 600. Mix the data across the world and mixed corporate earnings. If you look at the banking sector, it is one of the biggest gainers. We have a german manufacturing orders and Euro Area Services pmi for the month of october. Better than expected. Anything above 50 means expansion and we were expecting 51. 8. So look out for any movement on eurodollar and the u. S. 10 year yield. Coming up, we speak to the president of south africa. Come alk about s escom at a possible ratings downgrade. But first, lets get to bloomberg first word news. We begin with the impeachment inquiry for President Trump. The actions of Rudy Giuliani deeply unsettled to ukraine, outlining a quid quo pro. This is in exchange for investigating joe bidens son. Julienior ambassador said Rudy Giulianis role started as perplexing but quote became more insidious. The world has gone mad with free money according to ray dalio. He decried the current poli
Nejra welcome to daybreak europe. Lets get this to the softbank numbers. Secondquarter operating loss for softbank comes in at ¥704. 37 billion. A ¥497. 7also seeing billion onetime loss in nonconsolidated earnings. His recognition of the loss on the valuation of shares as well. The loss on the fair value of we work comes in at ¥497. 7 billion. Onetime loss on the fair value of we work. Thats the details as we look at softbank. Have a look at the tliv blog to get more details. Of ¥537. 9ized loss billion in the second quarter. Thats the number they are putting on it. Thats the headline coming through. Fundecond quarter vision loss comes in at ¥970. 27 billion. A little bit of a painful number here coming through, the secondquarter loss is wider than estimates. That secondquarter operating loss was 700 437 billion yen. It still sees a fullyear dividend of ¥44. That is in line with estimates. Comes indquarter loss at ¥700. 17 billion. Again, a lot bigger than expected. The tliv bl
Shery you are watching daybreak asia live from new york, sydney, and hong kong. Annabelle we are counting down to asias major market opens. Haidi risk off mood in asia. Treasury yields higher along with the dollar. U. S. Crude prices hitting a fresh one year high with shrinking stockpiles in the larger storage hub spilling demand for physical barrels. In battled Country Gardens takes a step towards restructuring its debt after narrowly avoiding default. Shery how u. S. Futures are trading early in the asian session, marginally higher at the moment after stocks finished mixed in the new york session. We have the s p 500 fluctuating throughout the session, just to finish where it started the day. At least, it ended up erasing some losses we saw earlier in the session after President Biden counted Artificial Intelligence. We have the vix declining a little, still at the highest levels since the end of may. We have the nasdaq 100 outperforming today. We saw treasuries slumping again today.