Classes. Pricee the new york crude under pressure. We have this key meeting taking place of opec plus today and tomorrow. The gold price at the moment is showing weakness. Buy yourself finance. Bitcoin is erasing some of the 9 . Es by going up nearly lets look at the other first word news headlines. Lets join karina mitchell. Karina bloomberg has learned readingna the latest on chinas economy shows recovery is getting momentum. Manufacturing and services, pmi data both beat estimations. In aty performance came 52. 1. The economy is gaining strength despite sporadic epics of covid19. Bloomberg has learned chinese regulatory officials have said that the chances of jack mas stockoup revising its are looking slim. They are still reviewing changes needed to appease regulators. An additional delay would be a setback for ma. Has big dollars the fight to overturn his election will not reach the supreme court. He told fox it is hard to send a case there and he probably wont succeed. He rehashed
Will try to fill in his space as he expresses his culinary abilities. Francine we will get clarification on what he is working on. Lets get to the bloomberg first word news in new york city with ritika gupta. Ritika good morning. S p global is on the verge of a giant deal in the Financial Information industry. Bloomberg has learned that the company is in advanced talks to for 44s markets billion. An agreement could be announced as soon as today. It would be the second biggest deal of the year. President trumps coronavirus taskforces propping promising a rapid rollout of the vaccine to 2 million americans i the end of the year. The Surgeon General expects that most americans will have access by early in the second quarter. He says the government hopes to quickly ok requests from two drugmakers for emergency approval of their vaccines. A group of opecplus ministers could reach an agreement on whether to delay januarys oil a fullincrease, before meeting of the cartel and its allies today.
Talks continue into today. The s p global is in advanced talks to buy ihs mobile markets in what would be one of the biggest deals of the year. A very warm welcome to the program, everybody. Just under one hour away from the start of cash equity trading for European Equity markets. Good to be back in the studio. Thats have a look at the future is and what they tell us about where we are headed this monday morning. Futures dont look great. European features move to the downside. The Asian Session has been fairly negative. These have been record months for global stocks. Rebalancing at the end of the month perhaps is part of the story here. We will talk to the market live team about this shortly. Lets take a look at what is going on on the gmm. Some of the weakest in the weakness in the Asian Session, down one point 3 on the msci asia pacific. Indonesia under pressure. A host of emerging markets under pressure. China outperforming a little today. The Manufacturing Activity we referenced
Deeper contraction. All of this being wrapped up along with concerns about how the Biden Administration may be quadrupling tariffs on chinese goods. Along with that, dont forget, we have u. S. Data showing Consumer Sentiment declining, rising Inflation Expectations placed on one survey. We will keep an eye on the u. S. Cpi numbers. Asia stocks are treading water. Although we are seeing a bump up on the hang seng. Keeping in ai on the offshore you on as it moves toward the 724. In keeping in ai on the japanese currency, along with jgbs. We got the boj in todays purchase, reducing the number of bonds for five to 10 year. This, as some say, a test balloon for scaling back its bond purchases. Take a look at the data out of china. This is a broad measure of credit. It has declined for the First Time Since 2017. This is when the data first started being the concern here is the pbocs ample liquidity that the household firms are not biting, adding to the list of concerns related to china. Paul
Stocks declining for a second day. A slump in chinese equities in a , which is why we might see exacerbated moves. More dovish than expected Federal Reserve. We had the minutes yesterday. We are getting pmi edit europe, better than expected. Better than expected if you look at services. Manufacturing also that are than expected. Manufacturing also better than expected. We are looking at a pretty strong economy. Au will get to europe in second. Eurodollar currently 118. 45. Coming up, we speak to alexander stubb. Brexit talk to him about and the eurozone. In the meantime, lets get to the bloomberg first word news. Democratsmany social are ready to start talks with Angela Merkel. Totin schulz is prepared offer her limited support for a full term. It is said he could back her in a minority government but not but would not offer another grand coalition. Philip hammonds budget has been welcomed by members of the conservative party, while stilla mays future is questionable. Some ball boy the