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BLOOMBERG Bloomberg Surveillance July 11, 2024

Tom keene is away and no doubt he would like to talk about this, the redhead blind across the bloomberg with continuing eu trade talks year coming from a spokesperson. Lisa, you asked about deadlines. According to the lease latest deadlines, what do we do about trade talks . Lisa i love that you say the tomo want to talk about this, the implication being that you will not. Thats a very, very not subtle subtext here as you talk about what is a deadline, after all. Jonathan he is of course are chief exit correspondent and he will be interested in the headlines, as will many in the u. K. They are rolling up continuing trade talks next year with the Prime Minister engaging with a phone call with the Commission President later on today. Thats the story for the markets. Otherwise not paying much attention to this whatsoever. The rest of the world has been focused on the headl ....

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BLOOMBERG Bloomberg Markets European Open July 11, 2024

Vaccines. Virus deaths hit a record in the u. S. And in italy. And finding a compromise, opec agrees to slowly add more oil year after days of tense talks. Saudi arabias Energy Minister called the process of excruciating. Welcome to the program, everybody. Welcome to the European Market open. It has just gone 7 00 here in london. German factory orders rising 2. 9 month on month. The estimate was for an increase of 1. 5 . That was better than anticipated. Factory orders arising year on year, 1. 8 . The estimate was 0. 2. We have seen a continuation of growth coming through. We will see what momentum is like in the further winter months. Another story out of germany, potentially more interesting, perhaps. Germany has agreed to extend a to preventr bankruptcies as the economy is hit by the second wave of the pandemic. Germany is extending its 37 billiondollar backstop for
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BLOOMBERG Bloomberg Markets European Open July 11, 2024

The postelection risk rally faltering. Of good morning, everybody. 7 00 in london. Eight in paris or berlin. Lets have a look at the equity markets. Look like europe this. Negative. This is indicative of what we have seen on u. S. Futures or are seeing. U. S. Futures down 0. 5 . Nasdaq futures off their lows but still pretty negative. We are losing our nerve on Global Equity markets. Three days into this neverending election account it seems, the context of course is important. The rally we have seen must have been forgotten when we look at nasdaq futures, up nine, down one. Lets have a look at the gmm. Going on other things here. Oil prices are interesting, down by just over 2 . Dollar, not all about what is going on the dollar. Inflation trade unwinding. Investors wait, the electorate in the United States waits for the counting to continue. The race for the white house is sti ....

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BLOOMBERG Bloomberg Surveillance July 11, 2024

Caroline you know what . I will go for the interruption technique. No, i am going to play nice. By caffeine and sugar. I tried sweet potato with marshmallow on top, and American American top, an delicacy. Not so sure about it. Onathan a quiet day ahead both sides of the olanta. Caroline of the atlantic. Caroline this is like a black friday of no other. We will have empty stores. Everyone is online. But those traders will still be logging onto their computers. I feel as though perhaps we are going to get a little more activity than we use to. Certainly we sought on the cryptocurrency front. Jonathan we start with equity futures and work our way through the bond market, foreignexchange as well. Equity futures up about seven on the s p 500. We advanced 0. 2 . Outside of that, and the bond market, mentioned the bid into treasuries. Yields coming in on the 30 year to 0. 86 . Eurodollar, some really big calls coming through. Theres a ....

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BLOOMBERG Bloomberg Surveillance July 11, 2024

The shift we saw in washington yesterday about 4 00 p. M. We dont need to be on this all day. Every other network is going to cover it up and sideways come but this this is original actions by a president of the United States, really reminiscent of what we saw in 1876. It is a story our Washington Team will cover. This election of 2020 continues. Jonathan that tuesday night still continues in some ways. The news of the last 15 minutes is on the vexing front. Pfizer on the vaccine front. Pfizer set to file today for emergency other ration emergency authorization use. Think that has been the sequence, and each time there is a lesser market reaction. Jonathan i tugofwar continues. If we think about the tugofwar right now, the tension is phenomenal. On the one side, the darkening near term outlook because of the restrictions in the of the economy, and then the brightening forward ....

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