By was johnsons plan passes its first hurdle in parliament. But he faces big obstacles in the house of lords. Heated debate President Trump clashes with california state officials over whether Climate Change is causing wildfires in the region. And the acts falls at the the citi,lls at citigroup resuming job cuts. Anna absolutely, lets talk about the jobs market, specifically in the u. K. , we are getting jobs numbers coming through. Jobless claims arising by 73,700 in august. To give you some context to that, that is lower than the previous number. In the prior month, jobless claims numbers rose by 94,000 in july. Perhaps if you are looking at that rate of change or the pace of the surge we have seen in jobless claims, it is not as much as last month, but we are living in a very strange o job market in the uk given the furlough scheme that is keeping in a lifesupport certain businesses thereby limiting the number of jobless claims. In the unemployment rate, the same applies. For threeo
Resilience in the hong sang this morning. The u. S. House of representatives passes a fresh china sanctions bill. Welcome to daybreak europe. We could use the word resilient to talk about the markets right now. Second day of the new quarter and the second half of the year. We did the Risk Appetite pick up a little bit yesterday after a slow start. The data helping a little bit. What is driving the positive sentiment overnight in asia but also in terms of european and u. S. Futures today is an early trial of an experiment to shot from pfizer showing that the shot was safe, prompting patients to produce antibodies. Thats giving a lift to the markets. Equity markets are moving on that. The 10 year yield this study. Not a lot of movement on the headline level on the bloomberg dollar index. Yesterday withn wti going above 40 a barrel on a u. S. Stockpile drawdown. U. S. Stocks climbed after a double dose of optimism from positive Vaccine Developments and betterthanexpected manufacturing dat
Into 20 20 into an effort to counter the u. S. Shale boom. Italy agrees to cut budget plans to fit your rules but the lock conflicted still over who should be president. Welcome to the program. The European Equity markets opening up in 29 debts. Lets have a look at pictures. After positivity, a slightly different picture. We are expecting to see some modest gains at the start of the trading day. To theyoking at the gmm were closed yesterday and they in reacting to developments the truce in the trade conflict between the u. S. And china. More mixed and we do have weakness coming through in a number of emergingmarket currencies, certainly in korea. That is part of the story. It would be difficult to follow on from the bullishness. A new record high on the s p. President trump says talks with china have restarted. That was a positive story. Details from the u. S. To we will get that story. U. S. Equity yen and futures and treasuries a little bit. Dollar andge in the the trading day. Lets
Jobs. Anna good morning everyone. This is bloomberg daybreak europe. Let us get straight over to the Market Action in the asiapacific. Energy story. Nd energy and mining stocks are feeling the brunt of the selling in the asian session. There are questions about the move over 4 or the 10 year chinese yields if that will influence the stock markets negatively there. Second day we are seeing drops away from the highs. Doubts lingering in the markets as to whether there were as to whether there is really a conviction. That looms large on the agenda for thursday. We are getting comments from the Saudi Oil Minister saying there are no differences in opec. Is there asndex well. Pretty flat right now. We did see a little rally in the yen earlier. That perhapsjapan the North Koreans are preparing a Missile Launch and that increased the appetites for the risk havens earlier. We have the Jerome Powell testimony. Looking at the markets in the u. S. Fridays terms of shopping, cyber monday. We talke
Getting a carryon of this sanguine sentiment coming through from asia overnight, we had some exuberance yesterday after hitting fresh record highs. Our hopes that we could get up three chris is tax reform surprise prechristmas tax but are concerned about a partial Government Shutdown if a deal is not reached by next week. Over all we are seeing a pickup in the markets. One thing we are watching his commodities. We of course have a situation where it has been a extraordinary bull run when it comes to commodities so far this year and a lot of it has in down demand in china continuing to pick up. We are going to be looking into the question of whether that will be coming to an end, ryan, given that we are seeing the Housing Demand pull off in china cool off and china. In north korea, sanguine reaction when it comes to the equities markets in asia. You can see on the chart, we ave had the increasingly repetitive indications that the missiles have gotten more advanced incapability or nuclea