White hou on remdesivir and looking past chinas first gdp contraction in 40 years oil below 18 is something to watch. That report out of stat news reflects how much hope there is, whether its remdesivir or Something Else for an effective treatment going into the fall. It does it may also reflect thin trading having spoken to a number of people this morning who are wondering whether or not you can have big moves in the market with just a billion dollars of futures being bought, which may seem like a lot, but is not. Because, you know, you have a lot of Fund Managers who tighten risk, they took down their net exposure, perhaps they didnt kel quite a sell quite as much its unclear how much buying power is needed to move the market in a significant way. Remdesivir itself is important were all hopeful that it is going to actually have an impact on the outcome of the disease for those who get very sick and end up in the hospital but it is not going to be what we call a chain terminator it is
Unified party. One democrat switching sides, some others may vote no. But the end result is not in doubt. The president will not be removed from office. Now look at this. The market is going up again. The dow is being held back a little by boeing. The journal says it may halt or cut max jet production. Boeings a dow stock, way down, hurting the dow average by about 90 points. We also have to tell you that bank of america is talking about a melt up for the market into next year. Look at the market go. The dow is going to be up about 80 points despite the news on boeing, up about 80 at the open. S p, big gains, 17 points. Thats more than a half percent. The nasdaqs going to do well, 50 points higher. That is a rally this monday morning. In britain, landslide winner, Boris Johnson, is pushing hard for a brexit vote by christmas. Then he wants to work on a trade deal with trump next year. Defeated socialist Jeremy Corbyn says he won the battle of ideas. He just couldnt convince voters he w
Up 118. 3. This is after the index which is the conference index versus the business index conference. The pmis have been upbeat and all of this is pointing to very healthy growth for germany. And here come the expectations, 105. 7 for march which is also a little bit above the forecast of 104. 3. A small beat on the figures. Youre looking at it right now, 108. 67. Maim maybe people are looking more towards the political environment. The victory in germany over the weekend. I would think so the euro dollar has got very little to dough with whats happening with one of the smallest states in germany but the failure, the huge failure by donald trump to get this vote on the Health Care Bill. Thats why were seeing the dollar index at a twomonth low. Completely agree. Some indicating that funds is a little low this morning. Only 800,000 people are eligible to vote. Is that right . Yes. 800,000 people. Psych wilologically europ markets called a little lower across the board. Most regions up a
In the stock brexit bounceback. Iag warned on profits just hours after the brexit vote. How are things looking . We hear from this Ceo Willie Walsh in london. Caroline . Manus. E yes, such anticipation building. Steaming hot, 29 degrees is what is expected to get in frankfurt. The question is a buzz. Will we get a change to quantitative easing . A change to amount of bonds they can buy back up notably, weve all got a question on how this rejections will look like from mario draghi . Is there enough risk in the system to push a move right now . Manus youve got it. Is he going to be looking at the conversation that carney had with the parliamentarians yesterday thinking to himself you went hard, fast and early, can i justify that to the germans . Caroline, great morning. Lots more to come from caroline in frankfurt. There is one thing on the markets. Lets get his truck desk lets get across to shery ahn. Lets get across to shery ahn. Shery apple has announced updates to the iphone and a w
Their decision as they accuse the lender of not cooperating in their probe. Our position is always to cooperate. We have robustly responded to the allegations made against us and thats going through the courts. This is the next phase of that. Egyptian stocks hit new highs as they benefit from Lower Oil Prices. In the next hour he explains how the world views his country four years on from the arab spring. Civilized which is influential to its other neighbors. This is the new egypt. Indian stocks hit a fresh record high amid on going hopes for Prime Minister modhis reforms. And coming up we speak to the finance minister of india live from davos. Well a warm welcome again to Worldwide Exchange from a very chilly davos this morning. Lets get straight o our top story. Theyre set to announce a plan to buy 50 billion euros a month when it meets later today. The report sent shares in europe and the u. S. Higher. According to the newspaper the Central Bank Bond buying will last for at least a