Electoral joe bidens win is confirmed by the electoral college, but he hints he may never concede. Good morning, everyone. Welcome to bloomberg surveillance. I am Francine Lacqua here in london. It is the day after an american holiday, which saw a lot of markets closed. Cash equities open in the u. S. Because of thanksgiving. This is what i am looking at overall in the markets. Quite a lot of movement is on the portuguese 10year yield. Markets are speculating when it could go into negative territory. Today, the overall mood is a bit of caution out there. Investors, secondary valuations following a rise in equities this month but also enduring pandemic and parts of europe, oil retreating, with rising tensions within opecplus members. We will have plenty of more on that throughout the show. The stock market has a rotation into cyclical and value, by the promising vaccine, or could we see farther moves . For more on this, lets get straight to our dani burger with a look at the markets. Hi
Low. G20 leaders call for equitable access to Covid Vaccines and commit to supporting the economy with host saudi arabia handling the stimulus measures taken by governments so far we injected over 11 trillion into the Global Economy to support businesses and protect individuals livelihoods this is an unprecedented g20 economic stimulus. And president elect joe biden prepares to name his cabinet picks tomorrow with nbc learning veteran diplomat Anthony Blinken is the frontrunner for secretary of state. Well, good morning, everybody and welcome to street signs. We have some big news for this monday morning yet another breakthrough when it comes to vaccines. Its been the third monday in a row that we get some big news on that front and today the results from astrazeneca and oxford yet again proved to be positive showing efficacy rate of up to 90 thats giving a boost to market sentiment. Theres a lot of green on the board. Yet some more positive data coming out on the vaccination space and
Little point in continuing to talk. Global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. Im karina mitchell. This is bloomberg. Rishaad carrie lam with a lengthy policy address on wednesday. She laid out her vision for greater integration with the mainland. Benefiting from its proximity to the mainland and longstanding support, hong kongs Economic Development will be given new impetus. The key is to somehow open up the border with china, because we are part of china, and the homecoming hong kong economy was not just set for domestic consumption. It was really set for 1. 4 billion people across the border. In any case, most of the key Investment Decisions will be driven by how china is operating and the Big Companies in hong kong are all chinese oriented. So i dont really think a policy address will be of that much difference to investors as it might be elsewhere. Stephen engle has been covering
Administration of government will continue uninterrupted. Campaign staff are tested positive and she was on air force one and marine one with the president on wednesday. There is a long list of senior officials who came in close contact with her. The risk is some will test positive two. Vice president pence and his wife karen tested negative, so to has Steven Mnuchin. The president will be off the campaign trail for the foreseeable future, his trip to florida has been canceled, it is possible that the next debate will be effective, its 14 days away and the hearings for judge Amy Coney Barrett will be affected, shes been visiting senators all week, yes there is a stock market selloff, this is what happens when you throw more uncertainty into a chaotic election, it is not panic selling, the dow was off 460 points, that is 1. 6 , that is a big drop but not a panic, the nasdaq component down threepoint to percent, a very big drop but not a panic selling. A halfhour ago, 830 eastern time, w
Beijing. Its markets, g president xi say both side have increase talks. Amid a cuts, it comes drop this quarter. And joining london me very, very shortly, its called technology, when she is ready, she will join us. Through on s coming bayer, the company in germany, point of the weed thousands more u. S. Wind up weed killer has been a deal reached. This is the breaking headline coming through. That the court filing was late monday epresenting consumers argue that roundup had caused their cancer. A little more detail on that, we bring that to you. Nne marie will be with me, but absentia of herself, a snapshot of the markets. The narrative of recovery and victory for trump, how does it translate, its data and the recovery coming through in china that equities chinese higher. 6 of 1 , the trifecta, sales, investment and wise. Ction yuan trades higher, how much stronger will it get. A man concerned about relapse. Cable peaks in the green at 8. 67 despite the political chair s in westminster