You go to safety. Youre going to buy volatility, yields, bonds, and the dollar. 10 year yield now 75 basis quite a move from just a few days ago. Crude battered, beaten up today. Less demand for those oil prices. Guy absolutely. Lets recap where we are and what is going on. The german chancellor Angela Merkel currently meeting with heads of the german states. We are going to hear from her we think when that meeting wraps. We are probably likely to hear from her as well tomorrow morning. We are also getting Emmanuel Macron a little later on. Both countries moving toward more restrict of lockdowns. Lets get the latest. Maria tadeo joins us from brussels. Theres a lot of ideas floating around. None of this will be official until both Emmanuel Macron and Angela Merkel speak. The idea is we are moving into something that looks like a fulltime lockdown in the case of the french government, that we understand is seriously considering a onemonth lockdown that would start thursday night, going
The german lender taps Deutsche Banks retail head, manfred, for the top job, ending months of management turmoil. Shares and hsbc jumped the most in over a decade as its biggest shareholder, ping an, raises its stake to 8 . And buckle up, brexiteers. The e. U. And the u. K. Enter the final round of formal brexit talks this week as britains conservative Government Faces another Party Rebellion at home over emergency covid19 powers. Just under one hour away now from the start of cash trading throughout europe, and in the u. K. Take a look at futures. We see more than 1 gains across the European Equity indexes. European equity Index Futures contracts that are trading, gaining more than 1 with euro stoxx 50 futures up one point 1. 6 right now. Trading higher, up more than. 5 on the nasdaq contract right now. S p and down jones futures or jones futures trading. 7 . 8 . Anna you try and catch up with gains in the United States on friday. I want to mention what is going on. The real focus on
The cash trade here in europe is less than an hour away. Lets get your top headlines. Softbank plummets on reports it made big bets on derivatives linked to u. S. Tech. A selloff looks set to continue, although u. S. Stocks are shut today for the labor day holiday. Johnson plays hardball. U. K. Officials say britain is not scared of walking away from brexit negotiations emptyhanded. Talks restart on that note in london this week. And cracks in the pipeline. Germanys board member former minister links nord stream 2 to the poisoning of alexey navalny. We are less than an hour away from the start of european trading. There will be no u. S. Equities trade today. You can see european futures are gaining. We are getting more german data out now, economic data. Up 1. 2 . Strial output the estimate was for a gain of 4. 5 percent, so a mess in terms of Industrial Production so a miss in terms of Industrial Production. Yearoveryear, there was a drop. The actual drop was 10 . The estimate had bee
Is going on in terms of economic stimulus. European shares, slipping with u. S. Futures, the dollar snapping a fiveday losing streak. Treasuries edging higher with most european bonds. A full market round up shortly. Lets get to the bloomberg first word news with leighann gerrans. Leighann the u. K. Will pump 3 billion pounds into environmental projects as part of its recovery plan. The investment will be formally announced tomorrow when gives anr sunak update on economic plans. Hes under pressure to introduce a meaningful package after the prime ministers speech last week failed to impress many economists. Emmanuel macron has reshuffled his government. Bruno le maire stays as finance minister. Improve labor affairs, hes moving elizabeth. Orne and ha appended thes National Security legislation imposed on the city last week. Her comments come hours after the government asserted broad new police powers, including warrantless searches, online surveillance, and property seizure. Im glad to
Record high after a global meltdown melt up on monday. Futures are pointing lower. The cash trade tray is less than an hour away. Hong kong on notice. Microsoft joins google, facebook, and twitter in pausing government user data requests. Tiktok also pulls out of hong kong. The risk rally pauses. Equity markets and futures trade grow aboutncerns rising coronavirus infections. Bloomberg learns that Deutsche Bank and google are planning a 10 Year Partnership on cloud and tech investment. Computing and tech investment. Just under an hour away from the start of cash equity trading across europe. Futures are down right now. We see losses on ftse futures of 0. 5 . About 0. 6 . Es, futuresxx you choose down about 0. 7 . Yesterday we got germany factory orders, missing the mark. Coming out at a 10 gain compared to a 15 estimate. Now we are getting german 7. 8 . Rial output rising that is the month over month figure. The estimate was for 11. 1 . Dataagain, german economic missing the estimate,