Fishing license. Welcome to bloomberg surveillance. Im Francine Lacqua in london. It is the last trading day in november. Certainly a lot of traders will be feeling the same, but stocks are dropping after this recordbreaking rally. A bit of a pullback on the last day of the month, capping this recordbreaking rally. Oil sliding after ministers failed to reach an agreement on supply. Small caps, energy and companies, banks, that group has been leading the rally in november. Today, a bit of profit taking. A couple of other things im watching for is the price of oil. We talked about that, encouraging news on brexit, which is why we see sterling at 1. 3333. The portuguese 10 year yield come i like that because we are on zero watch, or negative watch for that yield. Word newsyour first with leighann gerrans. Opecplus has failed to agree on an allay to januarys height. Many members support keeping production at current levels but the United Arab Emirates and kazakhstan oppose the move unless
On the others of the aisle, Jeremy Corbyn. Do not miss it. Manus it is bloomberg daybreak europe. It is all about global trade and the impact. Singapore export orders crash and burn 13 . Have you got a mindset of what is china growth, sub 6 . Nejra have you got a mindset of what that will mean in terms of stimulus . Some of the signals from the pboc when they talked about growth and inflation over the weekend was as things get worse, they want room for more policy moves. You can take something away from that, too. Policyyes, and those adjustments have moved the dial slightly. They are back at levels we have not seen since 20152016. Constructive discussions in trade help the equity markets a little bit and the pboc drip feeding rate cuts. Before biggest Central Banks in the world are on easy mode and perhaps we are under assuming the capacity of qe 2020. Lets look at the s p futures. Credit suisse says an extraordinary rally can endure. The u. S. Will underperform in 2020 because of pea
By the court of session in scotland, which was fronted by the snp qc joanna cherry. 75 mps put their names to the challenge and one of them joins me now. You must be very happy with the judgment. What does it mean, do you think, constitutionally . It means the Prime Minister is not able to do this. We live within the rule of law. What the 11 judges found unanimously is that he worked against parliamentary democracy and had broken the law, and prorogued it for five weeks. Normally it would be five days. Is it a constitutional shift, this, or a restating of our unwritten constitution that parliament is sovereign, and it oversees the rule of the executive . Which underlines the fact that we do still at the moment live in a parliamentary democracy under the rule of law. When borisjohnson says he disagrees, i mean, he isnt in a position to disagree. Ii he disagrees, i mean, he isnt in a position to disagree. 11 independent judges in our Supreme Court, the highest court of the land, have jud
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