Michel barnier says both sides are ready to make a final push. Lcome to surveillance i am yousef gamal eldin in dubai. Surprise pushback from u. S. President donald trump on the stimulus package come on the virus relief bill come asking for changes. We see a bit of a relaxed view in some of these risk assets. Let me give you the rundown. Stocks in europe riskon. It almost seems like the market is waiting for more clarity on the political front, trying to get an idea of what the next legislative session will be thus far. German bund trade, activity broadly thinner. Some adjustments before christmas. The other highlight in the trade as the weaker dollar, down went 3 . It does. 3 . It does set us up for a volatile session for risk assets more broadly. We did bounceback overnight, and van brent crude falling for a Third Straight day. A new report, and increased to u. S. Stockpiles. That not help at all, if you are trying to be long oil. Lets get to some of the bloomberg first world news to
But the e. U. May challenges deal with china. Up ad Morgan Stanley wraps big earnings week for u. S. Banks , with a beat. We are live from the Morgan Stanley global Alpha Investment conference in hong kong. Us trillion markets just open for trade. Sophie. Sophie asx us trillion marketst open for 600 the top smock the top stock market so far this year. Broadly speaking, asian futures are pointing higher and regional stocks are headed to a seventh weekly gain. We will see if the u. S. Tech rally feeds into asia, given bullish guidance. We did have alphabet joining the 1 trillion market cap club. Fed expected to stand pat on rates. Looking ahead to the chinese gdp report, futures in singapore closing higher after a three day drop was posted and the offshore yuan is headed for an eighth weekly rise. Thea top forecaster says yuan will in the year is one of asias worstperforming currencies. Shery lets go to first word news with jessica summers. Jessica the Senate Begins the formal impeachmen
We have an important interview coming up. But first, lets check in on the markets. The institute has cut its growth forecast. We did have worries about germany and the labor market and some of the things internally. That has a lot to do with trade. A lot are saying that if you look at the composition of the world, is probably the European Union that takes the brunt of all of these concerns. ,uropean stocks are fluctuating but if you look at the stoxx 600 , investors are trying to figure out exactly what kind of clues they will get after these miserable manufacturing numbers. Coming up, a great guest lineup here in italy. We speak to the former italian Prime Minister. Well also talk to the chief executive of a general of generale and the chief executive of campari. Now lets get straight to first word news in your city. Hong kong protesters were planning a fresh round of disruption after clashes sublease shoot a demonstrated for the first time in the demonstrations began. Local media rep
The if that gives us any clues as to where we are headed financials, a nice swathe of red. Energy also a little bit weaker. We dont get many clues as to how risk on a risk off the markets are. An area ofeem to be weakness and some positivity coming through. We have some interesting stories out, lots of companies to keep an eye on. Not getting many clues from the sector. What do you think . Matt looking at the moves. , i see stocks down. Winners. 1 losers to i see it as a percentage change, seeing it as a smaller gaining company. Based on a google announcement it will start streaming with a controller and no consul console. Ubisoft is one of the gainers, a videogame publisher up by 1 , so far, that is the only one i see in the top 10. I dont see any of the top 10 losers. You can see wirecard is also a gain or about kingfisher again kingfisher asr, well. Bhp group as well as iron prices come down. You are seeing these miners getting crushed. If you switched index points, you can see thes
The bank of America Merrill lynch index is the lowest on record. My question is, nothing, no market that reaches that extreme a point can stay there forever. What causes the next vol mageddon . Nejra what could be the wildcard out of this meeting . Is the wildcard that there is no change to the dot plot at all . Manus on that same article about the wildcard, i love it. They talk about what you trade on fed day. Its actually eurodollar. When the dots move down, you get much more alpha from eurodollar than you do from treasuries and s ps. We will put that to sebastian in a moment. Lets talk more about the markets now. We have the Team Standing by. Our partner in mumbai. Dani burger is standing by. The market showing conflicting signs of recovery. How does it play out for markets . Well, as we have seen in the case of the last week and a half, we continue to see a lot of traction with respect to investment, especially from broad. That has actually lifted the markets higher. The nifty is a