Washington ramps up pressure on beijing. Goldman sachs raises billions for a new fund to focus on private equity. The move comes amid rising interest in secondary investing. Haidi lets look at what the day has in store at the sydney open. We are expected a muted start to trading in asia after downward pressure coming from the u. S. Session overnight. Restrictions continue to take place to curb the the Coronavirus Spread we are starting to see accelerate again, even as we get further good news on the vaccine front. Trading marginal. The u. S. Dollar held to the lowest we have seen since april 2018. We are also seeing the aussie dollar on the back foot. Nikkei futures look like they will see a muted start to trading. Shery lets get started with good news on the vaccine front. Pfizer says final Data Analysis shows its covid shot is 95 effective. The ceo of its german partner told bloomberg about plans for mass production. Our goal is to supply up to 50 million doses by 2020 which andd go
The markets are rebalancing. Lets see if the traders wind up agreing. Chinese leader is going to maralago in florida. Oining us now is kevin cirelli. Kevin last week he was tweeting it would be a difficult meeting and then he tweets there will be a lot of great things coming out. Here is he headed . Kevin north korea saying if china wont handle north korea then the u. S. Will have to do it alone. Two things, National Security as well as trade policy are the top two items on the agenda for the summit in florida for later this week. Of course President Trump has tough talk for china on the campaign trail saying they were currency manipulators and saying they havent gone that far yet in his administration but did of course last week call for the reviews and executive orders with Foreign Countries to see which countries are taking advantage of the United States, whether or not china makes that list remains to be seen. David kevin, give us the perspective from the president s view, what is
Glencore goes from doom to dividend in the space of year. We will break down the numbers. Its turn our attention to what is happening in the market. Show you what the gmm looks like around the world. Yesterdays solid session, and a big outperform a, italy up id two points, 2. 3 . This idea that maybe the ecb will step up and deliver for italy if we get a negative result in the referendum continues to move markets. Also what is happening with italy. Iron ore surging overnight in china. The medals are definitely doing well. As you can see on the commodity board. They continue to power ahead after the massive move we saw yesterday. The dollar is weakening, we down by. 3 of 1 . Mnucll watch what stephen hin does. Still trying to understand the parameters of what this new cabinet is way to look like. That is a significant factor. We will continue to talk about it. Bond markets waiting for data, there is an awful lot of data coming out of europe. Let me run you through where the fair value i
Monte paschi get more time to complete its Capital Increase . And finally, when court and Qatar Sovereign Wealth Fund join forces to purchase an 11 billion stake in rosnet. Is Ivan Glasenberg back in deal mode, matt . Matt absolutely fascinating story, that. Of course, Global Markets are going to be captivated by mario draghi, but it what deals are going on in oil. At 1 45 p. M. Local time in frank for and at 2 30, when he holds his press conference. The three main things to Pay Attention to from draghi will be number one, how long does he qe program and how much will he spend . Will the hold out 80 billion euros a month . How will he buy bonds in countries where he has already reached the limit . He will hit the limit in germany by midsummer at this pace, which he will if he extends at the rate he has been buying so far. Number three will be, how will he taper . When is it going to start . How will the pasth be, shallow or steep . Investors will be looking at all of that very closely.
Snapping a sevenmonth losing streak. Deal maker, russia selling an 11 billion stake in its Largest Oil Producer to glencore and the Sovereign Wealth Fund. The russian president went on national tv to tout the deal as one of the largest acquisitions in the oil and gas sector in the world and in the world in 2016. Thats what you need to know at this hour. Lets turn back to our main story, the upcoming ecb decision. We turn to our Bloomberg Team in europe, with our colleague, matt miller. Looking rather cold over there. And paul gorton, who leads the coverage overall of the western European Central banks, in a somewhat warmer situation. Matt, lets go to you. What do we need year from the ecb and mario draghi today . Matt what we want to hear, david by the way, its great to hear your voice is that there will be an extension of the Quantitative Easing Program. The consensus is six months past the march deadline and about 80 billion euros a month, a continuation essentially of the program as