He said simply, this doesnt matter, and december could be green. Could be grim. Jonathan the markets are looking at the data in the second half of 2021, not 2020. Tom jon will get to the data of a market lifting and all of that. This ecb announcement a bit ago is buried, and im sorry, it just sets up the theme of extend and pretend into 2021. They are going to extend bond buying forever and ever. It is Central Banks to the rescue. Jonathan the ecb wants you to focus on the duration of the Bond Buying Program and not the size of the package they might announce this week. That has been a big push on the communications side. I imagine that will be the focus for them when they communicate with us. For us, we are all getting used to the idea that Central Banks will be there for us. Weve been conditioned by that all year. The biggest challenge through 2020 was to somehow divorce how you feel about the world around you from your view on financial markets, on where we will be 12 months out. Th
Down. 2 , nonfarm futures, claims better than expected. Next chart, dollar remains in story or theme around the dollar today, relative weakness against the g10 but not so much against emergingmarket currencies. That is what the dollar is doing right now. Weakness in offshore currency remains on the back of this broader news from the trump administration, down. 2 , that is your aussie dollar, risk off mood, down. 1 , and the boe is flat against the u. S. Dollar. Gold move to commodities, publicly above 2050 and out, further gains. Not as Much Movement in terms of stimulus conversations in washington. Barrel, up,42 a maybe on track for gains across the week. And that is your yield for the 1132 and 52. , tencents down on the back of this executive order. Just how much and how significant this move is by President Trump is of course the question, given wechat is largely used by the chineseamerican community. It is not clear how much revenue tencent derives from the u. S. Market, but this i
Companies listed in new york. Tiktok remains a major stumbling block. Uber delivers, but not where we might have expected. Food shipments top ridehailing for the first time as the decade of unchecked growth hits the brakes. Haidi lets kick it off with a check of the markets. U. S. Stocks are surging, pushing higher as hopes of a stimulus to deal in congress will be imminent as President Trump says if nodeal is forthcoming, he could take action himself. The are seeing s p futures looking flat at the moment after the s p 500 pushed its fifth straight positive session overnight. Chicago nikkei futures also pretty flat at the moment ahead of the holidays kicking off next week so as you expect, we are seeing traders shifting their holdings and also assessing a flood of earnings. The aussie dollar holding that threeday again before the rba Quarterly Monetary Policy forecast. That report due out this hour. 72. 33. We heard from phil evans in the previous hour saying he sees putting clear road
Chancellors statement . Were they in strong agreement with him . Anna he has a lot of support within the story within the tory party. Good morning to you, tom. Rishi sunak thrown into this incredible task of managing the u. K. Economy through all this. He remains very popular within the party. Interesting to see from the other side of the political spectrum, the criticism that he is not done enough. Maybe he is saving something for the autumn, but it will be crucial to watch what happens with unemployment. That we have an end mechanism for the furlough scheme that has done so much to support employment for this country. How much happen and will employment spike . Thiswere people riveted to , the statement at the beginning that the pandemic is terrible. Were people riveted to his speech yesterday . Anna im not sure that riveted is a way to describe it. Earlier, that dominated the day to day conversation, the conservative party stepping in in a way that you might expect a Labour Governme
Evening. Ernoon, good this is bloomberg surveillance. Im francine here in london. Of course, its monday. To everyone out there. A lot of the focus is on what we heard from President Trump yesterday. Ideal way to actually reopen an economy is well. Uarding lives as well look at italy as today is the first what they call phase two. Actually day that its starting to slowly reopen. His is what your markets are doing. The focus is not just on european stocks, but on you can see european stocks down some 2 . Crude oil. Because of the rolling of the contracts and what we saw just a to le of weeks ago need spend a bit of time in terms of oil and what they see. President trump also blasting china. We troo i and figure out what that means for trade. Ell be speaking to our Brenda Murray very shortly. Now lets get straight to new york city. Bloomberg first reviews is we begin with the daily falling from the u. K. To italy. Hats as leaders across europe grapple with how to ease lockdown restriction