Outperforming small stocks, underperforming tech stocks. We are negative on the bond market yields. Brent crude is up. Pfizer concluding they have covid19 vaccine candidate. If you heard the interview, you have the stats. Whats your take on the viability of the vaccine . This looks very exciting. I believe we will get an emergency use authorization than i hope we can start vaccinating sometime in december. Health care workers will likely go first. Moredown the road, people seriously affected like those 65 and older then months later, the general population. The modernact vaccine will be soon. We need all the help we can get. In terms of the effect that im going to get if i take the vaccine, is this something i will have to do on an annual basis or twice per year . What kind of response is my body going to generate that will protect me in the long term . Guest thats a longterm question. Get the vaccine into people first then we can follow them closely to determine whether we have to be
The u. K. Government sets up discussions with industry as brexit disruption closes in. Negotiations with the eu are set to crash through an informal deadline this weekend. Good morning. Just over an hour to go until the start of cash equity trading. Let have a look at where we are on the futures picture. Futures in europe looked to be a little bit to the downside. Lets break into the futures to talk about whats going on with the u. K. Economy growing in the Third Quarter from the previous quarter. Growing by 1. 1 in the month of september. The estimate was 1. 5. We were hearing that from our colleagues moments ago. They were talking about the estimates for september and the First Quarter. The number i have penciled in from them was 1. 5 gain in gdp for september. It is a little bit below that. The broad theme is the same. That 1. 1 in september adding to strong rebound numbers earlier on in the Third Quarter. The Third Quarter comes up by 15. 5 . That could be a smashing of a record in
And solid numbers in tech are not enough to keep investors from selling, dragging down u. S. Equity futures. Good morning. Over the past 45 minutes, we have seen a leg lower across equity futures as well as across the msci asia pacific, even though yesterday wall street did close higher, it was a relatively flat close in europe. S p 500 futures down 0. 9 , and the nasdaq 100 futures extending the losses past 2 this morning. Clearly the stabilization yesterday has not been enough. It has been a difficult week in the markets. The tech overnight did not meet expectations. Apple down more than 4 in afterhours trading. It was about expenses and costs for apple in china. Twitter extending losses more than 17 in overnight trading. For investors. Alphabet, one bright spot in big tech, up or than 6 . U. S. 10 year yields at 80 basis points. This was the close yesterday for the german bund market as well as the 10 year italian btps. Christine lagarde gave a clear signal more stimulus is on the w
But negotiations remain far apart and vander layen believes they are close both sides are severely hit by the pandemic. We should do Everything Possible to find and agreement that is possible so that we do not increase the negative impact on our economies. Lvmh shares move lower. Tiffanys arguments as unfounded for the case of ditching the 16. 6 billi 16. 6 billion take over deal a warm welcome. Lets kick off the show with a look at the markets. Rallying more than 2 breaking a twoday losing streak. Dax in particular was very strong leading gains rallying 3. 2 ftse 100 lagging a little bit. We are seeing a little retreat this morning the dax is down as well lets dive in to the sectors to see the best and worst u littlitiutilities are the onln the green. Lets look at the worst per forping sectors. Yesterday it was worth mentioning you had the banks leading down sharply to the down side banks down 1. 4 . Autos down 1. 3 some of those reopening stocks taking most of the hit this morning. U
The dollar gaining some ground after paring losses after that meeting. Fx sellinging asia off, especially the renminbi after reaching may 2019 highs. There are signs perhaps the currency is being overbought. Expecting boj, boe, and Bank Indonesia today. Those currencies and focus. Watching the bond market as well put it did not get adjustments on qe from the fed. We saw the 10 and 30 yield spike coming off a little now but that did lead to earlier the yield curve steepening and coming off a little. We are watching brent crude as well as wti. Also saw off some of the highs we saw overnight. There is optimism for demand but that is also losing some of those gains right now. Tom lets get you up to speed with some of the first word News Headlines and other stories. President trump says a Coronavirus Vaccine could be just tribute it widely as early as october, contradicting statements by some of his top health officials. The head of the centers for Disease Control and prevention told a Sena