Significant challenges. Hedges rise, oil falls for a cplus talks ope are delayed for a third day. Crude had capped its biggest monthly increase since may. Heading for the exit. Unicredits ceo is stepping down after four years at the top of italys biggest bank. It comes amid clashes with Board Members over acquisitions. It is 6 00 a. M. In london, 7 00 a. M. In vienna. We are where we are supposed to be. You wanted to start with oil. I absolutely applaud the decision. There is this line that the prince threatened to resign. My question is simple, is that petulance, posturing, or productive . Good morning . Morning. Annmarie i am certainly sure it is not productive. They are meeting on thursday. A brilliant note overnight saying that like with everything with opec the first day, there is always drama. She compared it to as much as drama you would see in an episode of gossip girl. A lot of infighting. Usually, you and i will report on it between saudi arabia and russia. This time, it is r
Highs on the news with the money flowing to value and cyclicals. Havens are clawing back some ground today. Retaliation. The European Union will impose tariffs on 4 billion of u. S. Goods starting today. The eus trade achieve calls on both sides to drop countermeasures. A very good morning. If you think about it, we had that tantalizing, parabolic move, i would say, in this market yesterday evening. I was here late. Isar rationing around the markets i saw rationing around the markets. This morning, we face i suppose reality. Feels like a massive night out and this morning was a bit of the hangover reaction. Michael purves says it perfectly, talking about the vulnerabilities of the vaccine narrative. If the republicans gain control of the senate, this is very much so for them less onerous to want to do a fist lee onus less onus for them to want to do a big fiscal package. Lets take a look at what we did see yesterday, that euphoria manus is talking about. I want to show you the close ye
22 days to go until the election. Trump trails joe biden in a national poll. Yuan rally hit the pause. A weakerlowed with than expected fixing. It is just gone 6 00 a. M. Really filled with a lot of fingerpointing as mark cudmore points out. No one really expect money from a major new package before the u. S. Election, but they are betting on a monster injection. That puts our focus on the rising coronavirus cases europe is battling, and attention will shift to london. We will hear about restrictions from Boris Johnson. Lets take a look at how. Monday lets see how monday morning is shaping up. Equities, the csi 300 outperforming. Up to. 5 . There is a lot of optimism ahead of president xi jinpings address this week. That is expected to announce reforms to the upside. Trade,. S. Equities of the bond markets will be closed for columbus day. Lets take a look at what is going on across asset. When you look at the currency space, it is about the yuan. A higher dollar weaker yuan. This comes
It is still mixed. Analysts in the reports use words like mixed, mediocre and unimpressive to describe the result. Unlike Credit Suisse, we did see ing miss. They are feeling the pinch of lower Interest Rates. Google, herbert stumble for them. Google, a rare stumble for them. We saw staples in europe followed by utilities. Switching to the negatives, these are more telling. You will see oil and energy and materials have the worse earnings, basically seeing the growth drop by nearly 30 for energy. And more than 35 for materials. Thank you dani burger. We had more breaking news on the bloomberg. Let me bring you these numbers. It is at the low end of guidance. Cost of fx is up. Thirdquarter sales come in at 32. 8 billion danish krone. Ever so slightly soft, in line on thirdquarter sales. Thirdquarter net income, 10. 1 danish krone, that beats the estimate of 9. 6. The red headline says it raises the low end for 2019 sales growth guidance. Lets get back to earnings season, we are joined b
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