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Higher. Eurodollar up by 0. 4 . Is the ecb getting worried at this point . 1. 2163. The dollar is broadly lower. The pound just taking out 1. 35. We havent been at these levels since this time last year. What is fascinating here is what is happening with bond markets as well. Weve basically got yields and stocks moving in the same direction. That is something that is pretty interesting now. It certainly points to this reflation trade at the moment, with the catalyst still having legs. Alix the question is how long is that last. Lets dig into some of the top stories guy was minting. Germany extending its partial lockdown. Sweden shutting some schools as well. Joining us with more is sam fazeli, Bloomberg Intelligence senior pharmaceutical analyst. We have seen more targeted lockdowns and extensions. Is any of that working now in europe . Sam yes, they are. Funny that we have countries going at different paces which is norma ....
Lets dig in with pennsylvania right now. Joe biden has taken the lead right now. He has about a 6,000vote lead, just under 6,000 votes. Theres still 130,000 ballots that still need to be counted. If youre saying this race is very close, were talking about a 6,000vote lead. Theres 130,000 ballots that can be counted. President trump can catch up, maybe. Heres the problem for President Trump. At least 60 60,000 of those 130,000 ballots that have yet to be counted are coming from philadelphia, the surrounding suburbs up through the Lehigh Valley and joe biden is making eastern pennsylvania even more blue. Tom, let me stop you there. Through the night joe biden has been winning. Hes been winning the deep blue areas by 70, 80 . Yes. Because of the mailin vote, when we look at pennsylvania, look at the ratio right here, this is pretty much the breakdown. 80 are going to joe biden. ....
The ceo of sanofi says they are ready to produce a billion doses of its vaccine available next year. Making a vax on on a platform year in and year out. We are doing it in partnership and other Global Companies defend or delay the u. S. Government gets an ultimative President Trump says safety is his main concern they are working to see if they can make a deal if they make a deal, theyll need to bring it to me safety is the predominant factor a warm welcome to street signs. Lets look into the final markets. It is a mixed picture. The ftse 100 up a little higher. Yesterday, we did see that uk benchmark underperform falling 1. 3 overall the stoxx 600 fell by about 1 wall street plunged to the close on wednesday a bit of a catch up trade on wednesday to put these resent moves into context youve got the stoxx 600 trading slightly higher on the week. Down 3. 5 . On pace to win ....
The economy we see an improvement. French and italian manufacturing also pick up in july however concerns still loom of a second wave and President Trump reportedly gives china 45 days to celtsel sell tiktok to microsoft after the white house bans it over security concerns. Happy monday. We already heard the numbers out of italy and france as well as germany and now got the euro zone overall number. That is significantly better than 51. 1. The final manufacturing employment pmi has come in at 42. 9 so better than the flash estimate and better than the june figures still in contraction territory. So firmly in expansion territory. Now i mentioned that we have a few of the individual country numbers that already came through. In france they recovered showing the expansion at 52. 4 points this was higher than 52 points they expanded for the second month in a row rebounding from the plunge triggered by lock downs in the spring. German ....
The nasdaq outperforms amid stabilization. Concerned about the phase one trade deal as china tells state buyers to suspend orders of some u. S. Farm goods. Beijing Hong Kong Security law is straining. Shery a quick check of the markets. We are seeing u. S. Futures under a little bit of pressure, but this has we saw u. S. Stocks resilient. Markets chose to focus on positive signs of economic recovery during the regular session. We have the s p 500 at the highest since march. Gun makers rallying as protests were marred by violence. We are hearing President Trump is preparing to give remarks from the rose garden tonight. We will watch that very closely. Tech shares outperforming after factory index chose American Manufacturing rising for the first time in four months. Take a look at what currencies are doing fo ....