Support. Welcome to bloomberg surveillance, im Francine Lacqua in london. Lots going on on the markets. Lets get straight to what the european stocks are doing. Down 0. 5 . Stocks are falling with u. S. Futures, as well. Oil dropping below 40 a barrel. Economicl says the rebound likely needs more support and that leaves a lot of questions about what Central Banks could or could not do. To have ans good idea of what is going on with the german economy, the german Business Confidence index aligned with expectations. Get straight to the bloomberg first word news in london. Leighann gerrans. Good morning. Protests in louisville, kentucky. One officer is undergoing surgery and a suspect is in custody. The latest violence was sparked by a grand jury decision not to file murder charges against Police Officers involved in the Fatal Shooting a Breonna Taylor. One officer faces a lesser charge of wanton endangerment for firing into neighboring apartments. Itsu. K. Is considering first vaccine st
Ever and thats spell disaster of a so many shops and businesses thousands have already had to close down others are fighting to survive consumerism and the coronavirus out topic a made News Business magazine truth ashton fans for that a pandemic stop them from getting hold of their favorite designers like his creations the global clothing industry is forecast to see revenues of close to one trillion 571000000000 euros this year a figure that already allows for a coronavirus related full of just under 2 percent we talked to germanys. About the crisis she sees it as a chance to try out new things and to rethink old habits how many things do we actually need what will be unnecessary in the future how are our habits changing theories are both surprising and inspiring. For me its not less is more its different as more. They have to forget to shorten this one of germanys top designed as following in the footsteps of her. She says the fashion world cant go on a statistic and in times of coron
Ever and that spell disaster to so many shops and businesses thousands have already had to close down others are fighting to survive consumerism and the coronavirus topic a made business magazine true fashion fans or that a pandemic stop them from getting hold of their favorite designers like his creations the global clothing industry is forecast to see revenues of close to one trillion 571000000000 euros this year a figure that already allows for a coronavirus related full of just under 2 percent we talked to germanys. About the crisis she sees it as a chance to try out new things and to rethink old habits how many things do we actually need what will be unnecessary in the future how are our habits changing theories are both surprising and inspiring. For me its not less is more its different as more on the. Day after forget the shorts this one of germanys top designers following in the footsteps of her. She says the fashion world cant go on a statistic and in times of coronavirus what
Shortly. Onhave got hopes of progress a vaccine and signals that they are making progress in terms of the u. S. China trade tensions. Both of those really firmly supporting the risk rally that we are seeing. Let me show you the state of play with the stoxx story. The back ofming off record highs in u. S. Stocks. The good times might not last, according to morgan stanley. They are saying the market is vulnerable to shocks, especially rising rates. Treasuries are on the back foot as we speak. We are looking at a weaker greenback. 830. Dollar at 1. 1 yeah,ps a little bit of a strange one given the wider risk appetite. The folks at pimco saying the gold rally is it played out yet is not played out yet. They believe gold remains attractively valued, especially in the context of low Interest Rates. Here are some of the stories we are watching. Both of the u. S. And china are seeing progress under their phase one trade deal. They are committed to the success of that. Senior officials from the
Boris johnson sparked outrage. News out ofing south korea. We are getting the jobless rate falling to 3. 2 percent. The expectation was that the jobless rate would come in at 4. 2 percent so this is much better than expected. We are also talking about the sixth straight month of decline in jobless rates. That 270 4000ring jobs were removed in august from a year earlier. We know that south korea has seen its government really boost those job creation efforts not to mention we could have seen domestic demand being held by the Summer Holiday season and more jobs being available. The government pushing for a fourth extra budget. This is of course helping workers and businesses who lost income due to the latest restrictions and jobless rates. 3. 2 . In for august at watch out for what happens later in the following months given we have seen this flare up in virus cases towards the end of august, haiti. Haidi. Haidi pretty dire numbers coming out and we continue to watch what happens when it