Morning, thevember imf is direct. There is real risk to any form of international recovery. They look at the pandemic data, they look at the gdp data, and they look at the lack of fiscal stimulus nation to nation. This time is different. These headlines are original before a g20 meeting, but we got to get right to this. This is a real wakeup call of the immediacy into december. Fromhan its an echo chairman powell and president lagarde over the last few days as well. I think market dispenser quick to untangle be shortterm from the longterm, to bear their hope in the sands of in the back end of 2021. I think what policymakers are suggesting is that the shortterm matters. It can shape what the longterm looks like area when you look at the balance of risks, they are tilted aggressively to the downside. Abramowicz, this headline, elevated asset values point to Financial Stability risk, and i am surprised that is a judgment by imf on where fixed income and equities are. Lisa this is somethin
The gloom crew. They have been wrong, wrong, wrong. We will reassess. We start strong with james bevan in a moment. Francine we have a lot of Economic Data that could support the rally or not a little bit later. Consumptionat price and other things we need to watch out for. Lets get to first word news in new york city with ritika gupta. Joe biden ritika joe biden wants to change the slogan from America First to americas back. Restore u. S. Ties with International Organizations that President Trump spurned over the last four years. President trump heads to pennsylvania in his campaign to overturn Election Results there. He will meet with state republican lawmakers examining accusations of voting impropriety. Pennsylvania has already certified that joe biden won the election. Trump supporters complained that observers were not allowed to be close to virga two workers counting votes. U. S. Health officials are working on guidance to shorten the 14 day quarantine period if they are exposed
Lets check quickly on the markets. If you look at the markets, and a lot of them are looking at the concerning news or news brexit is going to weigh markets were hoping. The stocks european 600, down and the pound, looking to see if there is any swing on that. 1. 3243. Lets get to the first word news with leighann gerrans. A british official says brexit talks need to show progress by tonight if they are to continue. European unions chief negotiator is said to have denied any breakthrough on the issue of fishing license. Boris johnson is due to speak with the Commission President ursula von der leyen. Donald trump says his personal lawyer Rudy Giuliani has tested positive for coronavirus. The New York Times says the 76yearold was admitted to hospital yesterday. The president wished him well. Giulianis son tweeted his well. Is feeling the u. S. Is said to be ready to sanction more chinese officials over the role of the recent disqualification of hong kong legislators. Familiar,to people
Behind, but what is important is the symbols along the way, and the number one symbol is the most unloved bull market since time began. You do measure the wall of cash on the sideline. How does that feel this dow 30,000 morning . Left out,very lonely, isolated, and i imagine some of it has capitulated. We talked about a tugofwar at the start of this month when we got deposited vaccine news. Overwhelmingly now, this market is looking through the nearterm risks into year end. I had a conversation with someone who suggested we could get a negative payroll sprint negative payrolls print for the next couple of months. It is an outlier call, but deteriorating data is consensus, and here we are running straight through it. Tom maybe it is a biden administration, the fed coming on, stimulus coming on. You keep talking about the russell 2000, up 11 year to date, and it has been a moonshot the last number of weeks. The nasdaq 100 lagging recently, up 34 year to date. 500 up 12. 5 . P for you, we
Im on Francine Lacqua. Weve had quite interesting and big political news in the u. S. That started late last night, overnight and first we know that transition is more on its way than was 24 hours ago. Global stocks advancing on the back of that. If you look at what stock markets are taking a positive, the general source of administration acknowledged joe biden was the apparent winner of the election and the move reduced Political Uncertainty in the u. S. , giving biden access to Current Agency officials, briefing books, 6 million in funding and the market. Energy stocks leading the stoxx 600. Travel companies. Banks also notching gains. Haven assets weaker. We are getting some eco figures. Looking forward to speaking to the president of the Ifo Institute shortly. The estimater than of 87. 5. Ifo coming up in 15 minutes. Here is leighann gerrans. Englands National Lockdown ends next week but Prime Minister Boris Johnson says it will be replaced by a tougher threetier system of regional