european leaders approve a 1.8 trillion euro stimulus plan after resolving a standoff with hungary and poland. brexit off the agenda. the eu summit talks run into the night, leaving no time to discuss the departure. both sides worn a no deal is likely. airbnb skyrockets. the stock more than doubles and a record opening jump for a major u.s. listing. investors ask, is the company now really, really, really, really overvalued? we have some economic data in right now. take a look at the german cpi numbers. final november, eu harmonized consumer price inflation falling 7.7% year-over-year. down in thei is month over month figure. we see a 1% drop. look at the eu harmonized figure, a drop. looking at month over month, without harmonizing, a drop of zero update percent. our under an hour away to the start of cash equity trading in europe. let s take a look at what futures are showing us this morning after that concern about no stimulus coming through in washington. we have future
to challenge records. eu finance are set to meet today. italy lays out fresh restrictions. chancellor merkel urges germans to follow the rules. bmp bounces back, the french bank benefits from volatility. a bullish tone on the numbers. if you look at the bottom year ago, andus a nine months, it is ahead of the target we gave for the outlook for the full year of 2020. we are under one hour until the start of cash equity trading. good morning. let s look at futures. some real strength coming through futures markets sees the european picture up 0.8%. if we look at the u.s., we get a similarly positive picture. he saw strength yesterday. we have not erased losses from last week. the coronavirus is still very much with us. yesterday the u.s. equity markets recovered to some extent, and in europe, the cac 0.2%.x up by today we see more of that positive trend. we can see positivity coming through in the asian session. japan is closed, but we have the asian equity session fairly pos
the question to come is one next the economic crisis? dear i say, when next the markets? there was a broad selloff. major groups losing 2% across-the-board. technology having one of its worst performing days. now there is no stimulus inside and the u.s. election is on our doorstep, investors are in a risk-off mode. what would help? spending.ays fiscal bill dudley weighed in on that too, saying the fed needs to help the economy. joe, there is definitely some risk-off sentiment. joe: absolutely. obviously we have known for a little while that stimulus in the short-term is the gone. is gone. and the virus is really catching people s attention here. this is a great chart. 97 of the s&p 500 constituents falling today. that is more than some of the really ugly days we saw in march. we had a few days like this in june and also august. nonetheless, there was no place hide. as you mentioned, all the major subsectors fell over 2% today. romaine: all right, let s bring in some upon za
plus, relocation, relocation, relocation. read it has a plan to let its employees work from wherever they are. but what are the consequences of such an arrangement question we ask the ceo, steve huffman. the u.s. has identified in iran and russia for meddling in the election. we talk about how pervasive the menace is and is potential harmful effect on democracy in our continuing to electioneering series. first, it was an ugly day for u.s. markets. tumbling in the worst stock rout in months. rising cases of covid-19 in the u.s. and europe and locked on measures in countries like germany and france accelerating the drop. we get the big picture from abigail doolittle in new york. a lot of forces at play today. it. us through abigail: over all a brutal day for stocks and risk assets on a combined basis. you mentioned the different forces. of course there is uncertainty around the election, but i would argue the biggest force is the virus resurgence in europe. the german dax fell
liv-ex is higher three quarters of 1%. all these currencies are falling on the second column against the dollar. the u.k. five-year yield is lower by five basis points. climbing in the u.k. to its highest rate in five years in september, boosted by the cost of food and transport. 3%, the prices rising fastest pace since april 2012. the increase in tense of five the squeeze on households. could strengthen the case for the bank of england to hike rates next month for the first time in more than a decade. that view was given some backing by governor mark carney earlier in testimony. he reiterated his views that a rate hike may be coming. let s stick with the u.k., the year we officials have convinced economists a rate hike is imminent. more than three quarters of analysts expect the boe to raise in november. up from one in five last month. they predicted that could be the bank s last move for some time. the green line is the new forecast trajectory. the blue line is the previous