Through 1. 55 , is back at 1. 56 . The dollar continues to strengthen as well. We are very close to the 100 mark for the dollar index. The your a particular the euro a particular feature of that. Story. Ple the big hsbc also worth focusing on, down by 6 today. The new strategy doesnt seem to be finding favor with investors. It is around 28 points off the ftse 100. Gives you idea of the skate and weight and of the of hsbc. Coronavirus certainly present when it comes to the coronavirus story. 1. 07 handle we had a one dollar zero seven cents level we had a 1. 07 level if you minutes ago. Vonnie apple saying work is starting to resume around china, but experiencing a slower to normal return a slower return to normal condition than expected. For more, we are joined by steven milunovich, Wolfe Research managing director, over the phone. Almost 50 of factory workers are not at work in china, so this statement, even though it came from apple and is providing a drag on stocks today, could almo
We are waiting for a 10 45 press meeting with the signatory of state the secretary of state. Guy that is going to be fascinating. We have an emergency meeting of european Foreign Ministers as well today, but that story in washington is one to watch. Im sure the crude market will be. European stocks up a little bit today. We saw a little bit of action around the payrolls number, but not much. Saw our way back from earlier highs. The dollar continues to push on up. I am going to show you some charts later on talking about some of the Technical Levels the. Ollar is facing now to the upside. 1. 11 now. A little bit of movement in the bond market. We are looking for next weekend the signing of the phase one trade deal. How good could that be for europe, and what is already priced in . Vonnie sticking with jobs, the u. S. Labor market closed the year with a little less momentum. Nonfarm payrolls rising hundred 45,000, compared with a median estimate higher than that. Unemployment held steady
The best performer across europe and in the cac 40s sanofi after it said it would give up on diabetes and some Heart Research , and would concentrate on cancer research. That has that stock higher. Barclays lower 1. 7 . That has the european stoxx 600 down about 0. 5 . The ftse 100 down 0. 5 ahead of the election in a couple days. The british pound up 0. 2 . We are joined by christian lawrence, rabobank Senior Market strategist. It is baked into this market . Christian i think its fair to say that a conservative majority is pretty much baked in. The real surprise would be if we didnt see that emerge, so if the conservatives get a minority or if the opposition were to win, but i think that is very unlikely. For me, the major risk is that we could actually see a correction to the downside if the market is disappointed by that number of seats for the conservatives. Alix is that a gradual vonnie is that a gradual move to the downside, or could we see com some kind of got movement . Christi
You see a little bit of haven buying here today. Treasury yields pretty much lower by about a basis point across the curve, led by the 10 year. Guy in terms of the session, we are at session highs in europe when it comes to equities. 600. On the stoxx london is outperforming. We are seeing some of the hotel stocks at the top of the pile, but every sector is in positive territory. Stocks are trading a little but higher. The pound is higher. The conservative party continuing to maintain a significant lead over the opposition rivals ahead of the election, up next month. The tory manifesto over the weekend, though, in some ways does raise the risk of a no deal brexit. That is certainly not being priced in today. Weck up to 1. 29 again track back up to 1. 29 again. The Turkish Military starting to test the russianmade Missile System. They turned it on, basically. This may raise the risk when it comes to sanctions, so the turkish lira down by 0. 4 , the dollar up against this turkish lira. R
Basis points. At 10 30, weories have crude oil up 1. 1 , above 56 a barrel. Guy european equities look a lot rosier today. I keep reinforcing this point, we are very much feeling like we are in august now. Volumes are anemic. You take that with a pinch of salt. 10 year yields, we are watching that. Watching the 30 year as well. Anemican auction as well. In the italian 10 year yield, gains for btps today. Looks like president mattarella is going to maybe form an alternative administration down in rome. The market likes that. Areie central bankers preparing to gather in jackson hole, wyoming, and investors will be looking for clues about the Global Economic outlook that has been battered by the u. S. China trade war and a long list of geopolitical concerns. We are joined by michael crook, ubs head of americas Investment Strategy. It feels like it is busier than ever in terms of thinking about investment strategies. What are you doing at ubs right now . Michael i agree with you, we have a