Stepping down after arguments over strategy, the bank prepares its search for his successor. Morning, under one hour until the start of cash equity trading. Equity markets under pressure. The futures picture shows relief. Ftse futures up 0. 4 . U. S. Futures point to the upside, up 0. 8 . Global stocks up 12 in november, the biggest monthly gain on record. Lets not forget that will me think about the losses yesterday and the rally he will maybe see today. Greens what we see now, a picture and it comes to the asian stock markets. Data from to take asia whether chinese or korean on the factory side. Be taking aems to turn for the better. In china a decade high for chinese manufacturing. Up on thed enthusiasm, and commodities in focus. Oil prices moving to the downside for a third day. No deal yet on opec and opecplus, and their plans for january. That will be a focus on thursday. Lets get a first word news of eight. Laura president elect joe biden has chosen janet yellen as his treasury
Vaccines. Virus deaths hit a record in the u. S. And in italy. And finding a compromise, opec agrees to slowly add more oil year after days of tense talks. Saudi arabias Energy Minister called the process of excruciating. Welcome to the program, everybody. Welcome to the European Market open. It has just gone 7 00 here in london. German factory orders rising 2. 9 month on month. The estimate was for an increase of 1. 5 . That was better than anticipated. Factory orders arising year on year, 1. 8 . The estimate was 0. 2. We have seen a continuation of growth coming through. We will see what momentum is like in the further winter months. Another story out of germany, potentially more interesting, perhaps. Germany has agreed to extend a to preventr bankruptcies as the economy is hit by the second wave of the pandemic. Germany is extending its 37 billiondollar backstop for Credit Insurance by another six months in the month of june. The industry will surrender 60 of remittance to the gover
Demand under continued pandemic pressure s p global has reportedly put 44 billion on the table to buy londonbased ihs markets and tie up the data giants and mark the largest deal of the year shares jump after the german chip maker confirms advance take over talks with taiwans globwas it could create a leader in the Global Semiconductor space well, good morning, everybody. Welcome to street signs and happy monday it is the start of a new trading week, a week of new possibilities. But before we get into the show, i just want to take you to our main story thats hit overnight, and that is to do with china so, beijing has said that it hopes the u. S. Will not build barriers to cooperation. That was in response to a report that the Trump Administration is preparing to blacklist top chinese chip maker smic and oil major chinook. Washington will restrict access to customers by adding two companies to its list of firms owned or controlled by the Chinese Military according to reuters. Cnooc said
Four days of losses is about to become five. Are down 7. 5 over the previous four days. Cross assets, we look like this. A bid into the bond market briefly in treasuries. It did not stick. It was a treasury market selloff. This morning, it is about yen strength. Dollaryen coming down on 0. 3 . Again. Rude is down 0. 9 mark wheret is that you have these massive producing countries like russia and saudi starting to worry. These are very hard prices to deal with when you try to balance your books. It all comes back to demand. Everything is about demand right now. When you have france and germany going into lockdown, that does not bode well. Euroyen is striking me this morning. I feel that for the first time it is acting like a haven. It is her membrane what it is supposed to do. Jonathan a bit of yen strength. Chancellor merkel giving a wakeup call to her fellow eu leaders. They failed to act quickly stop the pandemic. For more, our western europe managing editor joins us. Walk us through
Changes ahead of its big hong kong listing. New controversy for one of wall streets most powerful Investment Banks this time over Sexual Misconduct allegations. And then ditching sin city, yes, ditching it, one of the biggest casino operators in the world on a plan that would focus the company entirely on mccaw and singapore. Youre watching Worldwide Exchange right here on cnbc on tuesday, october 27th, 2020. Viva las vegas good morning im dominic chu in for Brian Sullivan today. Lets begin with stock futures right now showing relative stability after big losses yesterday. You can see here the s p implied higher by just about seven points the dow implied higher by 37 and the nasdaq by 36 not large gains by any measure implied. However, after yesterdays losses they could be viewed as somewhat stable. A closer look at the dow futures over the past 12 hours were well off our session highs as you can see here and just a hair below the lows of the level we saw in the overnight session as yo