Damage assessment economists expected payroll reports to show 22 million job losses, taking unemployment levels to their highest since the 1940s. Neel kashkari says the impact will be devastating. And customer orders slump. We speak to the ceo. Lots still ahead in the trading day. We will talk about siemens numbers and the lack of visibility. We also get plenty of analysis for the jobs report which we expect to see later today. With that in mind, lets take a look at futures. It seems we have found plenty of reason to be cheerful this friday. We will not have any trading in london because it is a Public Holiday, but we have plenty of positive trading coming in from the Asian Session and indeed, in the futures, we see that reflected. Futures point higher by around 1. 3 while european futures, where we see moves to the upside. Euro stocks futures up by a similar amount. Of focus on reopening, which seems to be taking place or being planned for in various parts of europe and in some cases
Here in u. K. , there was a general election. We are in a blackout period until the polls close at 10 00 p. M. Pound at 1. 3020. 2 . Toxx europe 600 gained day two of trading. It is above 2 trillion in terms of valuation. Plus oil supply cuts will not prevent a surplus in 2020. That is according to the ia. We speak to the president of the Swiss National bank. That interview, 10 30 a. M. U. K. Time. Lets get to bloomberg first word news. Today, the u. K. Goes to the polls. It is the nations first election in over a decade and the first since the brexit vote. It is the first december vote in nearly a century. Polls close it 10 00 p. M. U. K. Time. The House Judiciary Committee is set to conclude a debate on articles of impeachment against trump. The likely result is a partyline vote that will send the measure to the floor of the house. The democratic majority is expected to beat back a number of republican amendments. Israel is headed for its third election in less than a year. The parli
Fourth term as chancellor as the social democrats vote to open Coalition Talks. In improving picture for emerging markets. Behin what isr tells us behind the outlook. This is Bloomberg Markets middle east. Inm yousef gamal eldin dubai. Global markets showing they are willing to take the u. S. Government shutdown in stride. Assets weaker with korea and japan driving losses. Australian shares unchanged. Advance on optimism for the euro. It is not a pop. It raises the question about the massive eurodollar positions out there. The dollar index pretty much unchanged, still close to a sixweek slide that shows no of relief in the shutdown. Up. 5 . Urrently we had commentary from the most par 4 Energy Ministers in the world and will get you those interviews in the program. Old lower the big move in the emerging market fx space has been the 12. 12 offd trade at the news that jacob zuma could leave earlier than planned and transition plo power in a you new administration. Lets check in on first
Anchor you are welcome to the pulse. I am manus cranny. Also ahead of this hour, we will speak to the former italian Prime Minister mario monti and get his reaction. That is at 9 45 a. M. Stay tuned for that. He and for foxs, Yanis Varoufakis, has announced his stepping down. The news at degrees voted overwhelmingly to retract further astray ready in a referendum. Prime minister Alexis Tsipras held at the result is a great victory. That would allow him to return to the negotiating table with a strengthened hand. With all of the angles covered. Erik schatzker on the ground and paul gordon in frankfurt. Mark barton is standing by. Strata Erik Schatzker. What a 24 hours. The votes. What is the significance . Varoufakis pulled one out of the bag. Will do appreciate improve their negotiating . Erik let me quote from Yanis Varoufakis on his blog. An excerpt, soon after the results i was made aware of a certain preference by eurogroup partners from my absence, an idea that the Prime Minister
And russia yesterday deciding to extend the production cuts and the iaea saying the demand outlook is slightly downgraded on lower first half estimates. Non opec increased in 600,000 barrels per day. You can see brent is up on the back of that, 52. 19. It was around 51. 7 when i looked at that. Oil is climbing a little bit more. Reminder yesterday, we found out audi plan to extend production cuts for another six months. Watch oil. We will bring you those trump headlines. That is giving a nice risk to the euro dollar, the dollar weakening for a fifth straight day. The euro is soaring amidst classified information donald trump made or may not have given to a russian diplomat. We are looking for the mexican peso strengthening and the south korean yuan strengthening. We will get more on your markets, but lets get straight to the bloomberg first word news. Reporter we start with europe. Angela merkel has vowed to work with macron. That as the german chancellor hosted the newly elected frenc