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Chinas leaders meet to draft their next fiveyear economic plan and the virus recovery. We are live in beijing. Adi terry warning warning from the World Health Organization. We are in a dangerous place. We are not going to control the virus. Are we perfectly positioned for risk . I take you to the changing risk in the polls. And thethe bond market polls. A blue sweep from a 62 probability to 51 probability in a month. It is a curve. Overextended to the upside. These are the markets this morning with the risk from the white house. We are not going to control the pandemic. There are lockdowns in spain. Are you pricing equity market risk appropriately . Markets are trading what they see, not on what they hope. Goldman sachs say you will have to reach for risk. Stocks could outperform the credit markets into 2021. I take you into the response mechanism on the australian dollar, a high beta trade. There, the rba could strike ....
U. S. Stocks are closed today. On whene things going it comes to european stocks and when we look at the u. K. Assets on the back of what we heard about brexit. European stocks are climbing. Analysts are speculating the market could be rosie and resilient. On concernsakened the u. K. Is inching closer to a no deal brexit. We are looking at dollareuro 1. 1837. Lets get to the first word news. Indias overtaken brazil as the country with the second most cases of coronavirus. Confirmed more than four point 2 million infections. It is also the third worst country in terms of deaths. More than 71,000 have died in india. Protests have flared up on the streets of hong kong, leading to hundreds of arrests. Thevists marched through area and blocked the streets with barricades. The aim was to protest hong kongs delayed election, which was scheduled to take place on sunday but has been pushed back a year due to the coronavirus pandemic. A periodstrations and of relative calm since the implementati ....
Surveillance. I am Francine Lacqua here in london. Looking some at oil, the oil recovery is at risk because of a resurgence of covid19. That is having not a direct impact for the moment. We did see a bit of downward pressure. The u. S. 10year yield pretty much unchanged. Eurodollar a good one to look at, because we saw a bit of data with the european economies. You can see the euro stoxx 600 actually trading sideways, but we did tr see the chinese trying to do their bed. Bit. Thelets get straight to bloomberg first word news in london with leighann gerrans. Hi, leighann. Leighann good morning, francine. The finance minister, Paschal Donohoe, won the ballot. Recoveryhe spanish minister. Action. Is having against fran in the long france in a longrunning feud over tech. Ballpark ofn the 500 million to 700 million in goods. The items targeted would include , andh wines, teas ha ....
Hong kong, the latter saying it will maintain security and division. Good morning, everyone. This is bloomberg surveillance. I am Francine Lacqua here in london. The market is actually pausing a little bit. If you look at the global stock seen, it isve pausing for breath today. The dow rebounding. The dollar actually rebounding from its weakest level since early march. Treasuries are pretty much study. Backup of 1 for the First Time Since march. A lot of the focus on stagnant asian, and a lot of the focus on the euro, depending on what the ecb does. The ecb plans to boost monetary stimulus, and of course we will look at jobs and employment data. Now lets get to the bloomberg first word news in london with leighann gerrans. Hi, leighann. Leighann good morning, francine. Saysr general jim mattis the president is trying to divide the american people, accusing him of making a ....
Brussels after a significant defeat forcing to give parliament a vote on the final deal. We are live at the summit. Security soft where maker jim wil focus onto accelerating growth. Lmatt where less than half a note half an hour away from the open. Much Central Bank News, volatility at a low level. We do not see much direction, direction but not much size as far as futures are concerned. Down across the board but only fairly small moves with the exception of when you get into the dax. Enter frankford a drop of one third of 1 . Take a look at oil. Interesting today, everyone is focused on rates, people will be focused on currency and stocks. Do not take your eye off oil. This is a threeday trade of nymex crude here crude. We are down 2. 5 as u. S. Output has risen to a 30 year high. Eight weeks in a row of gains for oil. Watch this space. I am behind you. Lets talk about the gmm and figure out what is happening. And what has bee ....