Election story, and whether the market is saying we want to seek some safety and the dollar is the place to do that. The yen was trading lower against the dollar a little bit earlier on, but eurodollar now trading with a 1. 17 handle. What youre seeing in germany, u. K. , canada, and the United States is quite a sharp curve flattening, pivoting around the tens. The 30s are down quite hard in terms of the yield, so a big bid at the back end of the bond market. Alix all part of that is the virus story you were discussing, so lets get to that. U. K. Chief scientific advisor warning of 50,000 new cases a day by midoctober if urgent measures are not taken. Cases are increasing. Hospitalizations are falling. Deaths unfortunately will follow that, and there is the potential for this to move very fast. At the moment, we think that the roughly is doubling every seven days. If we dont do enough, the virus will take off. If we do not change course, we are going to find ourselves in a very difficu
Still waiting for the French Market and the German Market to really get into their stride perhaps this morning. he british pound up around 0. 3 as we hone in on december 12. The Options Market is currently adjusting itself around that kind of timing. The dollar index is down by around 01 . 1 . s look at 0. Lets get a look at the sector perspective. And the outer space, what is good for one company doing m a might be bad for another. Financials looks to be an area of red, as does health care. A couple of areas of green coming through their but essentially read in both of those, as is staples. Utilities and staples looks to be fairly green. That looks a bit defensive on of what we are seeing here from sectors. One of the sectors we have focused in on a lot is the auto sector of course. The vw share price is trading higher, up by 1. 9 . There was no change in revenue on margin guidance from vw. Weve been speaking to the vw ceo, that is frank witter, about the cut to the forecast. Frank ma
Momentum of the closure of. The day the only thing they want is for me to resign and to call the elections in 60 days that will be monitored by the math he says he sees that down there will be able to pay off in iraq there will be a delay in the end of the budget as well as the case for the doctor on wednesday the Baghdad Police chief said his Security Forces are being attacked yet not a single bullet has been fired Iraqi Human Rights Commission says people have died during protests since friday the judiciary announced that it would be investigating government corruption its a lengthy process that may not appease these impatient protesters also the u. N. Special representative here in iraq to talk here to speak to people she says they have legitimate demands. However she also says that it would be impossible for any government. Present falinge is just one year that is Prime Minister. And theres been reaction from iran to the demonstrations in iraq and lebanon heres what the Supreme Lea
A huge task in deciding you know what is fake what is not i mean its politics you know sometimes its hard to figure out exactly what where that line is i mean is it a financial issue or do you think theres also a recognition that these Companies Just arent set up for it in its very nature. Refused from the very very beginning to be a judge of facts of what treat the policy was from the very beginning you can post whatever you want we know going to interfere with anything you do and they cannot then accept political knowing that some of the material that is being posted there is fake untrue or misinformation so what weve been saying in the long term it is in our interest to remain true to our principles in show people that we are still going to be judges of of of of information even if it means that the pockets in the short term so just a final point a bit of a more general question what do you think we go from here i mean how do you. Think we should or could regulate Something Like fac
Time now for the global exchange, where we bring you todays market moving news from around the world. Joining us in singapore is enda caringlynd hong kong, from hong kong, karen leigh from westminster, anna edwards. Trade talks with the u. S. Are expected to resume in early october. Enda curran has more. Da obviously a signal here that talks are going to go ahead. Weve been waiting for some kind of breakthrough, and now weve had a statement from the Commerce Ministry that there was a telephone call that included china vice premier liue h china vice permit or china vice premier liu he. Theres a little less committal on the chinese side, but there is still a healthy dose of skepticism required. A lot of economists say that these two sides have a long way to go before they reach any kind of meaningful deal. Duember, more tariffs are in october and december. We had some commentary from the global times today outlining that both sides are in a deadlock, and it is in both of their interests