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
Coronavirus vaccine trial. There are three weeks until the u. S. Election. President trump returns to the campaign trail in florida. President trump now, they say im a mean. I feel so powerful im immune. I feel so powerful. I will kiss everyone. I will kiss the guys and the beautiful women on the everybody and everybody. I was just will just give you a big, fat kiss. Good morning. Manus cranny is off on holiday. Its not even winter and england is introducing lockdown measures, including closing pubs. As the rest of europe, the United States deal with the resurgence of cases, wall street closed higher, with the nasdaq having its best athans april. All of this has me wondering its best day since april. All of this has me wondering, are Financial Markets diverging from reality . Johnson and johnson halting its Covid Vaccine study. S p 500 futures under a little bit of pressure. Msci asia relatively flat. The hang seng index has not traded at alternate due to a typhoon at all today due to
Trading session in the u. S. Overnight. Hang seng will be the focus, down 121 point. Another choppy session after quite a comeback yesterday. Jakarta is muted right now. News they will be easing lockdowns in the capital despite the rising cases. Sydney leading the losses, down 1. 2 . Three in a row that have been strong, perhaps the pboc sending a message they will not use currency as a weapon. Onshore strengthened the most. Dollaryen, you are seeing that haven trade come back. As you said, the main market event over the next 24 hours is this presser by President Trump, he will announce u. S. Policy on china curbingijing passed freedoms in hong kong. His top advisers said china will be held accountable by the of ministration. Is it Wishful Thinking in the u. S. Administration to think maybe they can change chinas behavior and plans for hong kong . I think nothing is impossible, but this does seem extremely unlikely. If you look at all the actions beijing has taken, it is clear there ha
1000 globally. Inwidens along infections china. Weekis set for its best since 2011. Holds a oil minister crunch meeting with opec allies. Couldrtel warns it abandon cuts altogether if the country does not join in. We are live in vienna. Undergoes emergency heart surgery. The bank says he is recovering well. Under one hour away from the start of cash equity trading. Lets take a look at futures after the route we saw yesterday. Play ad catchup to play. Even u. S. Futures are falling after 3 drops yesterday. We still see red arrows almost almost for s p futures seven hours away from cash trading in new york. German factory orders are coming out, up over the estimates. Is aurse, that backwardslooking figure at a time when figures look so backwards they are of very little use. We have the Coronavirus Impact at the beginning of january, so the most recent look at factory orders is very different. Anna indeed. We are getting jobs data later. People are talking about how that can feel stale. W
This hour President Trump leaves the white house, making way a Campaign Rally in mississippi. Well bring you the president s comment if he makes any. Stop to speak to reporters on the south lawn. Melissa what are odds he passes up that opportunity . Connell pretty low. Melissa fox business deem coverage. Blake burman live at white house. Gerri willis on the floor of the new york stock exchange. Edward lawrence in d. C. Why dont you kick it off. Reporter lets do that. The number of jobs created beat expectations. 128,000 jobs in october. The Unemployment Rate still near a 50year low, 3. 6. That is exactly what the market wanted to hear in conjunction with the chinese trade talks phase one moving nicely. Revisions are story in itself. Job totals for august, september were revised up. Total of 95,000 jobs. That shows continued strength in the foundation of the economy. Then wage growth. Wages are growing at 3 offer the past 12 months. That number low enough where there is no pressure on i