Priority. Pandemic under control is his top priority. Good morning, everyone. Welcome to bloomberg surveillance. I am Francine Lacqua here in london. A lot of the focus is on the number of infected with covid19. At bond growth, a lot going on, treasuries, for example, rising. Overheated equity markets, the deteriorating coronavirus situation in many countries. Oil demandtting its outlook, saying they will not rescue the market, and then i got a look, not very often, but coming out with figures that were not great but were better than expected, leading to burberry gaining one point half percent. 1. 5 . Now lets get to the bloomberg first word news in london with laura wright. Hey, laura. Laura good morning, francine. The recovery is being derailed by a rise in virus cases and a. Ew lockdown president elect joe biden is naming longtime aide dr. Vinjamuri ron claim as his chief of staff. His leading role during the Health Crisis of the Obama Administration leaving the white house in the 2
Investors see trade tensions using. Winskongs prodemocracy in a landslide. Record numbers turn out for the first vote since the unrest began. Good morning. Lets have a look at what the futures are telling us about the European Equity session. The first of the week, looks like it could be positive. Factoring in a little bit of the balance we saw in the u. S. Market on friday and adding to that. U. S. Futures also suggests we will be higher. We saw that bounce in the u. S. On friday. Trump saying the u. S. Was very close to a trade tax. Lets put up that. Trading around the scraps of information with regard to trade dialogue between the u. S. And china. With that in mind lets get to the gmm. That shows us what is moving in the asia session. Hong kong up by 1. 4 . Trump line from friday. Also the news from headlines, china talking about tougher penalties for companies that break the rules around intellectual property. That may be is designed to sooth tensions between the u. S. And china be
Afternoon if you are watching from asia. Im Francine Lacqua in london. Ato era july manufacturing 46. 5, a touch above expectations. Watch,llar is one to also the u. S. 10 year yield. The markets broiled from what we heard jay powell say. Said they peace time rate cut has had an impact on the dollar extending. European stocks up. Pound is the one we have been watching for. 2110, this depends on whether goes for a hard brexit. Oil, 57. 8. We have an exclusive conversation with an exclusive executive and joining us later, the global head of research for blackrock. Before we get to all that, lets get to the first word news in new york city. Quarterpoint cut from the benchmark rate by the fed. That says it will stop drinking the Balance Sheet in august shrinking the Balance Sheet in august. This move dashes hope for a move. Er dovish it is intended to ensure against Downside Risk from week Global Growth and policy uncertainty. To promote a faster return of inflation to symmetric 2 objectiv
This is bloomberg daybreak europe. Im Tom Mackenzie. French president macron tells bloomberg he is open to seeing a major french bank acquired by an eu rival to boost financial integration. He spoke exclusively to john micklethwait. This is a totally new world. We do need this. This new Business Model for the europeans. More innovation, more investment. Tom in a deal and admits china may retaliate against tariff hikes from the Biden Administration. We hear from the u. S. Treasury secretary. Asia tech stocks higher ahead of earnings from tencent and alibaba, Traders Await the u. S. Cpi print for clues on fed policy, and we are live in doha for the Qatar Economic Forum. This years theme is navigating a year of uncertainty. The event explores the issues driving global discussions. We will bring you great conversations including from the qatari Prime Minister and publish president polish president. Tom we will get inflation data from germany at around 7 00 a. M. U. K. Time and u. K. Wages
Home and iwg shares surge after the provider confirms a bid approach all right. So this is the first day back from the Christmas Holiday lets see how the picture is trading in europe this morning we did have a bit of a mixed session in asian equities overnight. Of course a lot of the rebound was led by the kmcommodities an Mining Sector in europe. Things opened up a little weak but things more positive now as we delve into some of the stories. But lets take a look at the european individual indices and see what the picture is like there. And as we mentioned, you know, the past couple of days in the u. S. , u. S. Markets have been struggling the last four trading sessions, actually, dow, s p, and nasdaq did have negative days in europe it looks as though the picture is a lot more positive this morning all three majors slightly positive ftse is the underperformer on the day. Lets take a quick look at sectors. Basic resources up 1 . Commodities and Mining Sector did have a very good sessi