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Iran and russia are attempting to interfere with the president ial election. They say theres no hacking involved. There are 12 days left until the vote. Spain is the first nation in western europe with one million virus cases. Rome considers implementing a nightly curfew. It comes as u. S. Hospitalizations reach a two month high. German cases jump to a new daily record of more than 12,000. The pound surges the most in six months as the u. K. And European Union resume talks over post trex it trade deal a week after Boris Johnson threatens to walk away. Negotiators arrive in london today. Anna lets get to some breaking news. Corporate reporting. Lets talk about some numbers from unilever. Third quarter underlying sales up by 4. 4 . Increase of 1. 8 . That looks to be better than in then has been anticipated. An estimate of an increase of over one. On pricing, things are weaker. ....
But the equity markets are open. We are up by 1. 2 . Earnings season getting up tomorrow with j. P. Morgan, but stimulus talks are not going anywhere. The german tenyear yield, yields are going lower. We are also seeing some pressure caught in periphery. We are getting awful close to a has 100 spread that basis points on it, and that is certainly something we are watching very carefully. We note the comments from mr. Lane over the weekend. The other thing we are noting as well is what is happening with chinese currency. The pboc over the weekend basically putting two way risk back into that currency pair. The question is, will that be marketto stabilize this and keep the pboc happy, or is further action ultimately going to be required . Kailey joining us now is mark mccormick, Td Securities global head of fx strategy. Lets talk about the u. K. First. More restrictions to stop the spread of the virus there. The market doesnt really ....
And the couple of months. Togetherr euro coming to make the short term inflation outlook for the euro look a worse. Alix even though the words she said we might have heard before there is debate developing for the ecb. Are they going to be reactive or preemptive . That really hinging on inflation targets. Maybe we will get more on that over the next couple of days. In the markets, a fierce rally in europe, the u. S. , a lot of money pouring into tech. The nasdaq 100 futures are being shorted by the most since 2006. Pop. E seeing a last week it was about the stronger dollar and now you need to sell the dollar top. Yields go nowhere, oil goes nowhere. Now ofraho joining us ubs. What the ecb says, what the fed says in stark contrast to stimulus. In the u. S. , there is giveandtake on either side. What happens if we do negative stimulus deal . Jason the fed is going to be reactionary. We are fairly optimistic about the economy. Howell said he was on the optimistic side poweel said he is on ....