Talks continue into today. The s p global is in advanced talks to buy ihs mobile markets in what would be one of the biggest deals of the year. A very warm welcome to the program, everybody. Just under one hour away from the start of cash equity trading for European Equity markets. Good to be back in the studio. Thats have a look at the future is and what they tell us about where we are headed this monday morning. Futures dont look great. European features move to the downside. The Asian Session has been fairly negative. These have been record months for global stocks. Rebalancing at the end of the month perhaps is part of the story here. We will talk to the market live team about this shortly. Lets take a look at what is going on on the gmm. Some of the weakest in the weakness in the Asian Session, down one point 3 on the msci asia pacific. Indonesia under pressure. A host of emerging markets under pressure. China outperforming a little today. The Manufacturing Activity we referenced
Infections heading towards 16 million. Hong kong says the situation is increasingly severe. Has extended the Wage Subsidy Program beyond september to protect the economy from fallout from coronavirus. Shery a quick check of how the markets are trading. We are seeing u. S. Futures kicking off unchanged. This after we saw u. S. Stocks rally amid encouraging vaccine news, this time from the university of oxford and astrazeneca. The s p 500 finished at the highest since february, turning positive for the year. Tech and discretionary stocks outperforming. The vaccine optimism sort of faded. We have a very Competitive Landscape that failed to impress. Risk was revived in the afternoon session following improved u. S. Infection numbers. California and arizona reporting a slow down infections. We still have that stayathome defense rate being back with strength. The underperformance from the russell 2000 very pronounced, while the nasdaq also finished at another record high. Take a look at what
From International Mediators calling for demonstrators to return to the streets challenge on his claims on crime and the coronavirus the fox news interview that didnt go as planned for the us president. And in sport chelsea have beaten Manchester United to reach the english f. A. Cup final a 31. 00 semifinal win at Londons Wembley stadium setting out the title decider against arsenal. We begin the news hour in brussels where negotiations over the European Unions long term budget and Coronavirus Recovery Fund the are continuing but hopes of an agreement appears to be faltering after 3 full days of talks leaders are at loggerheads over the unprecedented spending proposal which is aimed at Holding Europe out of its deepest recession since world war 2. On the table is a budget of 2. 00 trillion dollars to be spread out over the next 7 years it includes an 857000000000. 00 fund to help countries recover from the pandemic but members cannot agree on how the money should be distributed needs
Have a problem. They always criticize us for business just for the art of criticism the engine off. Chinese investors in our countries but you know what im telling you is that there are 16 months by Chinese Companies in hungary. 16 or. So of the american german is in hungary immediately became chinese investments so what we can do for. Know how so the thing is that we are always criticised. On the raises the same questions on the german chancellor and the french president together meet the chinese leadership and so. You know. How do you explain that is there. Different tiers different sets of. Different territorial number one this is double standards and number 2 that as i told you at the beginning making business with china is beneficial they dont like to have us as competitors its a competition issue now the Decision Making is supposed to be based on consensus which is more than just looking for a compromise or foreign and bargain its actually derived a learned just recently that der
Knowledge base all of the changes regarding global economy. By Eastern Companies as well at least as much as by western companies and if you look at the figures you know figures. The 11. Countries have a share of a 9. 9 percent 11 countries 9. 9 percent when it comes to the china trade and. The 5 countries making the biggest business for china are of course of western European Countries by germany which we have no problem i mean we why why do you think they have a problem with you know. They always criticize us for business just for their heart of criticism the pressure off. Chinese investors in their countries but you know what im telling you is that there are 16. By Chinese Companies in hungary by the 1116 or. So the american german subsidiaries in hungary immediately became chinese investments so what we can do for how we know how so the thing is that we are always criticised. The socalled 16 plus one for months but no one raises the same question when the german chancellor and the