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Services. Westpacs full year profits plunge after fines for Money Laundering. Cash earnings falls. One of those stocks where watching going into the sydney open. Lets look at the market open. Sophie . Expecting some moves this monday. The biggest weekly drop since september 25 as investors adjust the some of the risk ahead. We did have the worst week for aussie stocks since april. Adding 0. 1 . We have amp shares gaining trillionter the this wealth manager said that a preliminary takeover approach of every management values the company at 4. 5 billion. Westpac has results out this morning. Later this week we get results upm alibaba which ticked single day sales early on sunday. The ipo is a big event we are watching this week. We are expecting a big pop here on thursday given the massive appetite we have seen for the offering. Friday had the biggest drop since june. Of a private survey of chinese manufacturing data. To focus mor ....
Iran and russia are attempting to interfere with the president ial election. They say theres no hacking involved. There are 12 days left until the vote. Spain is the first nation in western europe with one million virus cases. Rome considers implementing a nightly curfew. It comes as u. S. Hospitalizations reach a two month high. German cases jump to a new daily record of more than 12,000. The pound surges the most in six months as the u. K. And European Union resume talks over post trex it trade deal a week after Boris Johnson threatens to walk away. Negotiators arrive in london today. Anna lets get to some breaking news. Corporate reporting. Lets talk about some numbers from unilever. Third quarter underlying sales up by 4. 4 . Increase of 1. 8 . That looks to be better than in then has been anticipated. An estimate of an increase of over one. On pricing, things are weaker. ....
Two hours, make it 3. 5 hours from now, without question the most anticipated jobs number in the history of the nation. This is the weekly jobless claims. It is expected to surge out. I put a chart out on twitter and linked and linkedin. It is just ordinary what we could see. David folkertslandau coming up. In a moment. Let me go to the tape right now, equities, bonds, currencies, commodities. Not all that much going on. A bit of a pullback, the dow two days in a row elevated off where we were in the grimness of friday, of monday as well. Also oil with a little bit of a lift off about it, francine. European stocks retreating with equities, government bonds advancing. I am looking overall at european sovereign debt. We are seeing a little bit of a move after the ecb scraps limits , a landmarkhases decision that gives an almost unlimited firepower to fight the economic fallout from the pandemic. You can see euro strengthening, tom. Tom it is an extraordinary time. Francine and i are tryi ....
Mario draghi made it clear the European Central bank has one way to go and that is lower when it comes to rates. Earnings reports continue to roll out fast and furious. We have been successful with pricing. The revenue pressure is not sustaining in the industry. It is the teflon company. From Central Banks to brexit, the weeks top interviews. There is a certain small probability this could be dangerous. What is happening to the u. K. Economy is not entirely driven by brexit. Juliette it is all straight ahead on bloomberg best. Hello and welcome. Im juliette saly. This is bloomberg best, your weekly review of the most important Business News, analysis, and interviews from Bloomberg Television around the world. Lets start with a day by day look at the top headli ....