U. K. Sounds a note of optimism. Make my day. Tough words from saudi arabias oil minister. Whoever gambles on this market will be quote ouching like hell. The under an hour away from start of cash Equities Trading in europe. Lets look what we have. Futures not all that convinced in any direction. Weakness in markets yesterday and equity markets, and nasdaq. Ar in u. S. Futures flat and mixed. We do see nasdaq futures heading to the upside. Because ofnificant the selling we have seen. Concerns about concentration and previous gains in the tech sector. We are digesting what we have heard from the fed. In assessments of weaknesses the u. S. Economy. The fiscal boost that will be needed. Lots of questions over the fiscal side of things. Modest gains coming through in asia. Asian stocks of around 0. 4 . The south korean market up a fraction of a percent. Elsewhere, fairly flat markets. Won up to anean eight month high. Dollar weakness part of the story. Keep an eye in oil prices. We mention
Have announced today will provide strong support for the economy. We are saying that roommates rates will remain accommodative until the economy as far along. Leaves stimulus untouched. No move expected either. Todays action could come from south africa as they battle we growth. President trump contradicts his health officials, saying a vaccine could come by october. Deutsche bank says new york city staff can stay at home until next year. 6 00 a. M. In london. Lets get you uptodate with the interpretation of fed speak. Good morning. I take you to ing. Its about the credibility andeen Forward Guidance state contingent Forward Guidance. We got both last night. That makes for more potent situations. Perhaps doubly irrelevant. Annmarie a note this morning saying theres no pleasing some people. What else could the fed have done . Maybe qe. Also talking about the fact, they were saying, monetary stimulus, its time to focus on policies for the real economy. In that moment, jay powell is right
The u. S. Could get a covid19 vaccine before the yearend. Astrazeneca resumes its trial after last weeks pause. Boris johnson growing rebellion as his controversial bill is defended in parliament. Brussels will keep an eye on the development in a call with president xi. A. M. 96 billion worth of deals from pharma to tech. What strikes me is the amount of cash being used to do the deals. Good morning. Certainly a number of deals across the sector. The one im interested in his tiktok. Larry ellison seems to have won the race for the u. S. Business. And then there is the regulatory hurdle. U. S. , the European Union, and china. What do trade tensions mean for this deal . Manus the other thing is Larry Ellison and mr. Trump were closely aligned. Why would oracle by tiktok . I want to focus on the structure of the deal. Three quarters of the gilead deal is in cash. Nvidia, 50 in cash. The oracle deal is about the playing cash, but it is nowhere near what it was in 2015. Good morning. Annmar
Japans chief cabinet secretary is set to win his partys leadership race, ushering in the countrys first change of Prime Minister in nearly eight years. His shot in the arm, pfizers ceo says it is likely the u. S. Will roll out a vaccine this out of aping stocks twoweek slump and oracle wins the bidding war for tiktoks u. S. Assets. The deal is said to be a partnership, not an outright sale. Just under an hour away from the start of cash equity trading throughout europe and in the u k from bloombergs european futures are positive. Futures and euro stoxx 50 futures. U. S. , but bigger gains of more than 1 across the major equity indexes. Futures rising 1. 7 on the nasdaq. Anna good morning, matt. Nice to be back in the studio. Lets get to the gmm on these markets today. Optimism around the vaccine is certainly something we are dealing with once again and a relief to see. Indonesia to the upside, south korea higher, india higher. Many markets moving higher and the msci asia up. 9 . Virus
Hold onto a recent rebound and global stocks head for a second week of losses. The European Union is giving Boris Johnson until the end of the month to back down on his controversial brexit bill. Cable holds at 1. 28. And citigroup names jane fraser ceo, making her the first woman to run a major wall street bank. She faces the challenge that alluded her predecessors, boosting the banks profitability in line with its rivals. Just under an hour away from the start of cash trading in europe. Lets take a look at where futures are pointing here on the dax, ftse, and euro stoxx 50. Futures all pointing down, although slightly lowered right now, with ftse futures off by about 0. 3 . Take a look at u. S. Futures quickly after the drops we saw yesterday, almost 2 drops. We have a bouncing futures bounce in futures. Anna lets have a look at some data out of the u. K. We are getting monthly gdp data. The u. K. Economy growing by 6. 6 in july. It is almost in line with the estimate of 6. 7 . No su