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Im on Francine Lacqua. Weve had quite interesting and big political news in the u. S. That started late last night, overnight and first we know that transition is more on its way than was 24 hours ago. Global stocks advancing on the back of that. If you look at what stock markets are taking a positive, the general source of administration acknowledged joe biden was the apparent winner of the election and the move reduced Political Uncertainty in the u. S. , giving biden access to Current Agency officials, briefing books, 6 million in funding and the market. Energy stocks leading the stoxx 600. Travel companies. Banks also notching gains. Haven assets weaker. We are getting some eco figures. Looking forward to speaking to the president of the Ifo Institute sho ....
Los angeles orders residents to stayathome. The clock ticks. France warns it could veto a trade deal between the u. K. And the eu if it doesnt like the terms. It comes as officials on both sides of the deal could be done in the next few days. Increased scrutiny. The house of representatives clears a china delisting bill, sending it to president trump. The measure could lead to companies being kicked off of the american exchanges. 6 00 in london. 7 00 in paris. 10 00 in downtime see iop. We have the lifeline of stimulus. Stimulus against the risk, the u. S. Deadliest day of hospitalizations so far. The reality of covid is trumped by stimulus. Good morning. Annmarie if i would have told you a few years ago that we would have the s p 500 hitting a fresh record high at the same u. S. Had its deadliest day with 2700 people dying due to covid. You would not believe me. This divergence between the market and the reality of covid is yet again playing out. Manus indeed. I take you back 24 hours ....
Markets moved to the downside, Morgan Stanley at the Economic Team out with a note in the last few hours, talking about some of the risks. Markets as youhe start to see this payrolls turned back negative. What that means for the Downside Risk for the market at valuations that are by some measures full at this point. Romaine lets bring jim polson back. Upay, you see the nasdaq 100 0. 8 . Snp down half a percent. Down 2 on the day. Smaller, midcap cyclical names, that has kind of disappeared. That some of these names could come back anytime soon . Jim i think that whenever we have jitters about the virus reemerging, that creating a slowdown in economic reopenings , we will get the kind of today we got today where the market itself, great leadership by what is perceived as defensive investments, which is the new communication ....
The virus, the treatment and a possible megadeal after they are with gilead inr the Biggest Health care deal in history. Atlets take it what look what it is going on this monday. After u. S. Stocks, the pickup and jobs data we are seeing third of 1 . At theshore yuan trading april 14 high and moving away from the lows of 2008 against the greenback but the yuan has been sliding against the basket of peers. Rising, set for the 10th day of gains on the back of the opec deal rubberstamped on center. Checking in on wti and brent this morning. Wti holding steady. At 39. 54, and brent gaining closing up after 5 . Idi we do have this resumption of gains and Risk Appetite in asia. We have a positive picture when it comes to asian asian futures. Up by a quarter of 1 . A big tank expected when it comes to the start of trading in seoul. With kospi futures up like 2 . New zealand resuming ....
Talking about what he sees happening in the economy. Tom it is an extra ordinary hour, folks, particularly looking at the fabric of europe and the european model. The disinflation dynamics has dramatically rolled over in the last 48 hours, clearly somewhat off the german ruling. There is no question about that. You see it expressed right now with ever stronger yen versus euro. Disinflation wins, just extraordinary. Yeah, on the u. K. , and i would mention the chancellor yesterday suggested it would end sooner rather than later because people become addicted to it. Lets get to bloomberg first word news in new york city with ritika gupta. Ritika President Trump is wrapping up his push to reopen the country. He says americans should begin returning to their everyday lives even if that leads to more sickness and death from the pandemic. The president spoke in phoenix. Made the announcement with the task force. Toll. K. Coronavirus de ....