Good morning and welcome to bloomberg survellance. Francine lacqua here in london. The interview of the day is when we have a conversation for the Vice President from facebook emea. That we also heard from ursula von der leyen, the president of the European Commission. 225 billionlanned euros in green bonds that may have an impact on markets. Later on we look at etf. Stocks are actually rising ahead of the Federal Reserve meeting. Treasuries and the dollar pretty much steady. Crude oil extending gains. Lets get straight to the bloomberg first word news. Ruled the u. S. Violated International Rules by imposing tariffs on china. It is unlikely to lead to changes in washington. The white house can veto the decision by appealing. It has paralyzed the wto by blocking new appointments. President trumps controversial pick for the Federal Reserve senateoes not have the support needed to win confirmation, according to the number two republican in the chamber, senator john thune. Received critic
Twitter shares fall after hours on an unprecedented hack on the accounts of prominent u. S. Figures, including elon musk and bill gate. Jack dorsey called it a tough day. Welcome. It may have been a tough day for twitter, but it is also shaping up to be a tough week for tech stocks in general. The nasdaq leadership we have seen falling back a little bit this week. Nonetheless, we did see a little bit of strength come through on the s p 500. Today, we are seeing a little bit more risk off sentiment across assets. Perhaps to do with concerns around the china data, particularly around the retail sales question. Asia, the screen and particularly in chinese equities. The 10year yield is steady. You are seeing the dollar steady after a couple days of weakness. Also perhaps the fact that we are seeing a little bit of softness in crude. It did close that a fourmonth high yesterday, shrugging off plans by opecplus to taper production curves. Lets get to the first word news now. Coronavirus case
Coronavirus cases continue to surge. Latin america sees infections climb. Beijing cancels hundreds of flights amid a new outbreak. Welcome to daybreak europe. We are not seeing any clear catalyst for the markets as we get going today. Overnight, we have seen a mixed picture in asia. Unchangedndex is overall. There are still the second wave concerns in the market. Yesterday, we saw some light volumes in the u. S. And ended unchanged. Not getting a lot of direction in futures. Euro stocks futures treading water. We are heading for a weekly gain for Global Equities. Resuming gains for this week is what we are looking at. The 10year treasury yield is unchanged on a 70handle. Both the dollar and the yen are headed for weekly gains. That says something about the risk off tilt we might be heading for. Oil in the green today and also looking to resume weekly gains. Aat is after some signs of comeback in demand. We got some commentary on that this week. We have some breaking Corporate News to g
A surprise appointment at the head of ubs. The ceo of ing to take over from Sergio Ermotti. He is known for the Digital Transformation at ing and a eran of the dutch banking banking a comparison to whats been happening here, hamers is a relative outsider to the rarefied world of swiss management. He has climbed the ranks. He was the head of the dutch and belgium banking units. He has been ceo since 2013. What he is known for is leading the Digital Banking push in an effort to win customers and he is also known for cost cutting, and thats what he has been doing, bringing ing back to profitability by reducing costs. Sergio ermotti recently cut the banks financial targets for the second time in as many years. We were reporting that the search for a successor was starting on friday. That news came through. The International Wealth management cohead was widely seen as an eventual contender for the top rule. His run in with his former boss, Tidjane Thiam, apparently dimmed his standings with
Pmi data for the euro area. Look at european equities. We are trading down. 8 . The forecast was 52 so it is a miss on the composite. We are already seeing Euro Weakness ahead of this so we might see a leg lower in the euro. European equities on the back foot which is a divergence what we have seen with u. S. Futures. Mixed messages over the weekend over whether there is optimism or pessimism coming in over trade talks. He drop of the 10year yield brent crude is coming off the highs from earlier. Concerns around iran and the speed of saudi a ramp saudi aramco. We are live at the Labour Party Conference to speak to the director general. That interview with Carolyn Fairbairn is that 9 45. Viviana and the u. K. , that is where we begin. Boris johnson is the latest leader to say iran was behind the attack on saudi arabia. He made the comments to the u. N. General assembly. The comments coming at eight tough time for tehran. It. Denies i am not confident, i am confident that we can not star