Questions were raised over astrazeneca trial results. The ceo telling bloomberg within the last few minutes that it will now likely as a result run a new global trial, saying, now that we have found what looks like a better efficacy, we are going to have to validate this, and we need to do an additional study. It looks like it is going to be half of those full dose that could produce a higher efficacy then maybe a full dose. Europe and the United States continued to struggle with containing the virus resurgence. Germany is seeing a record increase in new cases, while new york cases are approaching 7000, hospitalizations hit their highest since june. Here was more is bloombergs, china here with more is bluebirds emma chandra here with more is bloombergs emma chandra. Emma astrazeneca are going to look to have a no other global trial to test the efficacy of the half dose, which they think will be better, and getting some more troubling figures out of large economies. The likes of new yor
1 ,s p up by nine tens of tech leading the charge. European markets underperforming but the ftse 100 pushing on gains over the last hour. Most european markets gained early than flatlining into the afternoon. We are seeing a bit of a return to the dollar this afternoon, still trading at the 118. 119 earlier on and security markets continue to be in focus as the ecb suggests there may be rates that could be cut further. Lets start off our conversation on the u. K. Labor market which took a turn for the worse in july. Total job losses climbed to nearly 700,000 since the start of the pandemic. Tois considering plans support jobs as per the government cost Furlough Program ending next month. Businesses need support which is why many of the intervention we have put in place lasts the last through the next year. I have not hesitated to act and create effective ways to support jobs and employment and we will continue to do so. From brusselsg us is Vincent Juvyns from jp morgan. Sunak may be s
Particular pressure early in the session, but paring some of those losses, down by about 0. 3 right now. We had seen the pound gaining on the back of those polls i mentioned in the headline, but that seems to be shortlived. Now we see a fairly flat pound. 1. 2916 is where we trade on the u. K. Currency right now. Lets check out a bloomberg first word news update. Heres leighann gerrans. Ighann beijing told the u. S. Ambassador to quit meddling in hong kong affairs. The chinese also warned the bill could affect cooperation in important areas. The u. S. And china are in the midst of negotiating a trade deal. The white house is pushing to wrap up negotiations on a new trade deal with mexico and canada. The agreement known as usmca has become President Trumps top legislative priority. The administration and House Democrats have been locked in talks for months to secure a vote before the end of this year. Democrats want more enforcement of labor issues. Both mexico and canada say there has
A warm welcome to bloomberg daybreak europe. Im anna edwards. Matt and im matt miller. Theres a lot going on today, especially in the markets. A lot of times we have these big news stories that dont really affect asset classes. Today theres a lot of movement in markets, so it will be an exciting open. Anna lets get straight to some of that movement weve seen, focusing on the commodity market. I pulled up the bloomberg commodity index, stating its biggest drop in six months. We had seen the commodities tumbling after erasing 2017 gains last week. Yet we continue to go weaker on the commodities index. A number of things in here to do have trouble convincing russia theyd to extend the Production Cuts weve seen from that grouping, or is it to do with commodities concerning china and the reorientation of chinese growth for quality growth . All the commodities coming under pressure. And not even the strength of seven quarters in japan seem able to pick up the asian equity session. And the wa
May be willing to short. A profitable trade that ends up with a negative consequence. The yields are rising nonetheless. You are right, european activities are coming down. We are close of the united kingdom. A shade lower in china. The index a little lower. Voices coming through from the americas. Cleveland saying all Federal Reserve meanings have the possibility of rate hikes on the table as did the president of San Francisco is saying anything could be in place. A really mixed, virtually unchanged paris a shade lower. You have moderately weaker volumes on the day. Interesting stocks. Adidas 73 dollars . 83. Trading higher. They said selling reebok. Adidas 73. 83. Siemens is down, a report they are selling three businesses. And on friday i covered a story in ours sources say according to there we go. Those disappointing pmi numbers. You can call it a marginal effect. The aussie dollar has had a bit of a flurry. The momentum there through april through may as the recovery. Not very we