Manus a warm welcome to bloomberg daybreak europe. Do you believe that phase one trade deal between the u. S. And china is the most momentous day in trade history . Those are the words of lighthizer. Bank of america, a cracking note out this morning. Get ready. It will be frontloaded. 5 up on the s p 500. To e old rates are going bang up. Nejra how worried should we be about the potential curse of phase one and done . We have seen a risk rally. The phase one trade deal for china but also the u. K. Election, but the question this morning, as we sit here going into 2020 becomes is the absence of some bad news going to be enough for risk assets or do we actually need more good news to come along . Manus indeed. To the markets. There are the believers, the doubters, and there are a course those people that have yet to be convinced. The yuan is truly one of the believers. We come off that break point down to one of the biggest 1 ony drops moving by friday. What does it take to rerate you wa
Going into the Fourth Quarter of the year. The economy is fairly weak but the data today shows things moving in the right direction. Abigail alibaba goes public on their home turf. Narrows the valuation gap to amazon. Abigail the u. K. Election campaign heads into the home stretch. It is very easy to end up in a Hung Parliament territory. A madness with a delusion of big deals. And lot, but they can deftly do it. The general feeling is they probably will go through but how long it will take. Abigail a new suite of leaders brings a fresh set of goals to the European Commission. Climate change is existential. It is a huge opportunity. Every company should contribute. Indeed, the Banking Union will be one or also the commissions priorities. Abigail it is all straight on bloomberg best. Hello and welcome. Im abigail doolittle. This is bloomberg best, your weekly review of the most important Business News, analysis and interviews from Bloomberg Television around the world. Lets start with a
But the data today shows things moving in the right direction. Abigail alibaba goes public on their home turf. Narrows the valuation gap to amazon. Abigail the u. K. Election campaign heads into the home stretch. It is very easy to end up in a Hung Parliament territory. Abigail m a madness with a delusion of big deals. And lot, but they can deftly do it. The general feeling is they probably will go through but how long it will take. Abigail a new suite of leaders brings a fresh set of goals to the European Commission. Climate change is existential. It is a huge opportunity. Every company should contribute. Indeed, the Banking Union will be one, also the commissions priorities. Abigail it is all straight ahead on bloomberg best. Abigail hello and welcome. Him im abigail doolittle. This is bloomberg best, your weekly review of the most important Business News, analysis and interviews from Bloomberg Television around the world. Lets start with a day by day look at the top headlines. After
Leading losses. One thing not on sale this black friday is apparently health care. Boris johnson says he would walk away from a u. S. Trade deal if it included the nhs. We are 30 minutes away from the start of the european trading day. Welcome to the program. It is 7 31 here in london. This is what the futures look like at this hour. They look weaker. We are expecting the fall of the Asian Session into negative territory. It has been light in volumes. The markets were closed yesterday. Today, we see a shorter trading session as a result. Do not expect to see the volumes that are normal. U. S. Futures also pointing downward. Clutching our ongoing concerns around trade, so lets think about where we have been in the Asian Session. Lots of interesting theories as to what is going on. There is a narrative around trade. We talked about how trade tensions, and particularly President Trump signing that bill around hong kong, how that threatens to weigh on the conversation. That was an issue ye
The broader context is that Global Equities are headed for a third month of gains, so a fair amount of optimism priced in in terms of the prospects of a deal. Stock and bond markets were closed for thanksgiving and we trade for a half day today futures are lower in the 10 year yield is is no indication of sentiment. Oil on the back foot today but we are heading to a fourth week of gains ahead of opec plus a survey saying we are not likely to get a deepening of those cuts. Lets get first word news in new york. Breaking impartiality rules, that accusation launched against channel four news after the broadcaster used an Ice Sculpture to replace Boris Johnson. He failed to attend the live Climate Change debates featuring leaders from other parties. Donald made a surprise visit to afghanistan for thanksgiving he met with the president as well as u. S. Troops. He said peace stocks with the taliban have resumed amidst a push for a ceasefire to reduce u. S. Deployment in the region. Taliban wa