i am anna edwards in london, with manus cranny in dubai. predicted the yuan could strengthen in a level not seen in nearly three decades. juliet sell joins us for this morning's call. juliette: this is a call from economist,china saying that a 10% upside for the chinese currency this time next year, saying investors are trying to chase yuan-dominated assets because they have more yields than elsewhere in the world. you have seen it strengthen today. upside.another 10% we have not seen that kind of levels for the chinese currency since 1993, almost three decades, as you said. this company has increased their holdings of offshore yuan stocks by more than 3%. that is showing this momentum coming through into these inflows. but he says the yuan's appreciation could be a key threat to china's macroeconomic because a rapid advance in the jan could impair chinese exports by making them more expensive. they think that pboc will step in before you get to that level. may have a call for the yuan in -- at 6.35.ict 35 manus: thank you very much, juliet

anna edwards will bring you through all the twists and turns. that does it for me. u.k. looking higher. this is bloomberg. ♪ ♪ anna: good morning. welcome to the european open. live in london. the cash trade is just under an hour away this christmas eve. let's get to your headlines. a brexit deal insight for christmas. the u.k. and eu have the outline of an agreement. boris johnson is set to speak this morning. stocks and futures point higher in something with thpo

why is this time different, anna edwards? deal thisight get a time.rtainly have the expectation of a deal. we had a red headline across the bloomberg yesterday saying the outlines of the deal were in view, and that seemed to be code for it is really coming now. and the foreign minister of ireland talking about how he expected to see a deal today. there have been plenty of expectations, and deadlines have come and gone. let's be clear, the deadline is not 24 december, however much we wanted to be, because many people would like to see this done and dusted today so that people can think about something else over christmas. let's not forget we are in the middle of a global pandemic. but this deadline might come and go like others, but we had been a dissipating that we would get a deal, and they work through the night, fueled by pizza, to work on the deal, particularly around fish. lisa: aside from the imagery of pigeon, what is the narrative here in terms of how the deal got done? you are just looking at fish and where we end up on that, everyone is look

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i am anna edwards in london. the start of equity trading, just under one hour away.iest day. 2007reports more than hundred covid fatalities in a single day. germany extends its partial lockdown until january 10. another passing shot. the house of representatives backs a lot that could see chinese companies being

anna edwards is next with the european open.s futures pointing to the downside with a surprise video from the president saying the stimulus package does not go far enough. this is bloomberg. ♪ ♪ anna: good morning. welcome to bloomberg markets. i'm anna edwards live in london. the open of european trading is under one hour away. video, president signals he may not sign the covid-19 relief bill. u.s. futures slipped on the news. open for business. franum

for more, we are joined by anna edwards, the duchess of brexit. everything that's going on in brexit. i feel like it is the boy that cried wolf. we've seen these deadlines come and go. how likely does a deal look now to actually happen by sunday? anna: i have another phrase for you. it always looks darkest before the dawn. they are still talking. that is something, isn't it? they talked for three hours. they ate a lot of fish. they talked a lot about fish. they are still talking. they will keep talking until sunday. that's the new deadline, the time by which they must decide if a deal as possible. no decision yet. when you are expectations were managed, that we would not be greeted with news of a deal or no deal. it would just be a decision to carry on talking or not. the pound reacted negatively. the pound is down but it's not out. that's how these talks are going. we've seen cautious wording coming out from both, both talking about significant awful souls -- obstacles. the u.k. side talking about sovereignty and independence. both sides do see a

annmarie: matt miller, he is coming up next with anna edwards.t for me and "daybreak europe." the european open is up next. future is once again rallying even though we have these questions on brexit and stimulus. there is optimism in the market. this is bloomberg. ♪ anna: good morning. welcome to "bloomberg markets: european open." in anna edwards, live london, alongside matt miller in berlin. matt: good morning. today, the markets say sell the greenback. u.s. lawmakers appear to edge towards a stimulus deal. the cash trade is one hour away. here

tom: anna edwards was at harrods? [laughter] francine: that is probably something tom does.magining himself with a cocktail. are we just going to be online much more? we have all changed habits. will we ever go back to what it was like in 2019? michael: i went to shanghai for fashion week. i went through the pain of weeks of quarantine. partye got out, we had a for our best customers. it was just like going back to normal. china has gone back instantaneously for where we were. there is still the future for people who give great experiences to their customers. today, we opened the biggest louis vuitton store in any department store in the world with exclusive products. we make it special on every occasion. transfixed on netflix by the crown. some of us are catching up. huge event worldwide. explain the present royal family and their relationship. you go back to when the store burnt down in the 1880's, the elite that supported the royal family. are they eating at the gordon ramsay burger bar? michael: no. we would not expect them to eat there. we occasionally do transactions w

bloomberg's anna edwards looking at the full freedoms, the free movement of people, goods, services,nd capital, how that will likely change now that the u.k. will be leaving the eu's single market, with a deal that doesn't cover services. still with us, thu lan nguyen, commerzbank fx strategist. let's talk about the pound. rate. on the cable are you surprised by the muted reaction from foreign exchange markets to this deal? thu lan: maybe a little bit. we would have expected at least a more significant relief rally in sterling exchange rates, but we were always very cautious in forecasting a rally in the pound anyway. appreciation potential was limited because you have to remember the deal we have now, three or four years ago after the referendum, this was considered to be a hard brexit. changed when it was clear the u.k. did not want to remain in the single market or in the customs union, but it is a relatively hard brexit, which presents frictions. despite fact that this is better than a no deal, it is not the best case that we had envisaged three or four years ago, so obviously be

on what: anna edwards will be different from the eu and u.k. from tomorrow, january first. get more with our reporter. does this mean that brexit is now over politically. definitely ink the short-term it is over. we have the wrangling of these trades talks, that is all done. i do think brexit will be a live issue this year and in the years to come. tariffs haseu with been -- this relationship will still be at the center for a long time. francine: will the u.k. actually tonight?for brexit >> i think we are expecting some disruptions at the borders but i think that might not happen in the first days and weeks as we know that the freight levels are quite low at this point in the year, naturally so. are businesses ready for new paperwork? the government does not quite know. [indiscernible] francine: thank you so much, joe our brexit brexit reporter. let's get more on the challenges facing u.k. companies. joining us today is david bailey , professor of business economics at the birmingham business school. a bit of an expert when it comes to carmakers. thank you for joining us. w

guy: anna edwards, looking at four freedoms the u.k. is no longer a part of.hey are going to change but we don't know how much they are going to change. we will have to see, now that the u.k. has left the eu single markets. brexit in theory for the time being is done. that is one political issue that is off of the table. the other one is the president signing the relief bill late sunday. that is another risk that has been taken off the table as well. in terms of what that means for markets, let's figure that out. hugo rogers, joining us now. hugo, thank you for joining us. for the moment, we have seen two big factors in terms of political will -- political risk removed from the market, but there is likely to be significant political volatility in 2021. how big a discount do you think we need to apply and where do you see the challenges coming from? hugo: the obvious risk is the georgia state election. if there is a sweet, if biden actually does get his majority, which is the 50 plus one with the vice president, then you have a completely different political an

annmarie: anna edwards breaking down brexit negotiations from finance to fish, the long-sought deal is questions across the board after four years of negotiations. leaders announced an agreement on christmas eve it leaves major issues on the table -- up in the air. joining us, lizzie burden. 'sat does it mean for the u.k. economic growth, considering the fact that there remains a number of questions we don't have answers to yet? >> his better than having no deal -- it is better than having no deal. a no deal scenario would have knocked off an extra 1.5% in 2021 mainly trading on the world trade organization would have meant head of client investment strategy on many goods -- tariffs on many goods. the impacts will be softened by a 5% covid rebound in 2021. deal or no deal, there was always going to be more friction. the bank of england's andrew bailey put it, there is no such andg as a frictionless deal this is one example five the government's own estimate. 600,000 extra declarations are going to need to be filled out every day and that will take businesses time and money to organize.

i'm anna edwards live in london. matt: good morning.ay the doctor will see you now. $8,000 a ton for the first time in seven years. futures in europe are off. here are your top headlines from the bloomberg terminal. china's top chipmaker

i am anna edwards alongside matt miller in berlin. matt: good morning.markets say it is not much but it is something. asian stocks head for a record as congress inches towards release on a pandemic package. equity futures are also pointing higher across the board.

matt miller is up with anna edwards next.ll take you through the start of european trading this morning. that does it for me and daybreak europe. let's take a quick look at where we traded in the futures market. european equities moving to the downside. s&p 500 futures are flat. the openness up next. nearly 7:00 in the city of london. this is bloomberg. ♪ ♪ anna: good morning. welcome to bloomberg markets the european open. good. today's markets, still no stimulus in washington. the dollar slips as investors assess fading prospects for a u.s. relief package and disappointing jobs data. the cash trade is an hour away. here are your top headlines from

matt is back and will be with anna edwards. in just a moment the european open is up next.s on friday on wall street, the s&p 500 down. we are seeing softening of sentiment this morning. a lot of it comes from the latest report that the u.s. government may and up the blacklisting a dozen chinese officials. ,he market might be worrying does this come down to financials in the last week of 2020? asian equities a bit softer. open, the into the s&p 500 futures also lower by nearly 0.3%. for does it for me, daybreak europe. the european open is up next. brexit front and center. stay with us this monday morning. ♪ ning. ♪ are you frustrated with your weight and health? it's time for aerotrainer, a more effective total body fitness solution. (announcer) aerotrainer's ergodynamic design and four patented air chambers create maximum muscle activation for better results in less time, all while maintaining safe, correct form and allows for over 20 exercises. do the aerotrainer super crunch. the pre-stretch works your abs even harder, engaging the entire core. then it's the back extens

i'm anna edwards alongside matt miller.rning, the markets say no time for complacency. 10 days until christmas, and risk sentiments hours. european futures are lower, the cash trade is an hour away. these are your top headlines.

i'm anna edwards in london. risk of, concern over the u.k. variant overshadows a new stimulus deal in the united states. final push, boris johnson offers a last ditch proposal on

annmarie: matt miller is up next with anna edwards. he's are european markets open anchor. in a few minutes. we are seeing across the market is risk on. asian equities leading the rally following yesterday's all-time high on the s&p 500. futures advancing up more than two tents of 1%. nasdaq 100 ne futures. up nearly five tents of 1% at 4/10 of a percent when you look at dax futures. a bright star when it comes to european equity trading. that does it for me. this is bloomberg. ♪ businesses today are looking to tomorrow. adapting. innovating. setting the course. but new ways of working demand a new type of network. one that's more than just fast. you need flexibility- to work from anywhere. and manage from everywhere. advanced technology. with serious security. and reliable coverage, nationwide. forward-thinking enterprises, deserve forward-thinking solutions. and that's what we deliver. so bounce forward, with comcast business. wannit's timeight and for aerotrainer. a more effective total body fitness solution. (announcer) aerotrainer's ergodynamic design and four patented

that was the voice of anna edwards.ty of what the brexit deal really means for people living in the united kingdom. the deal is over the line and it's been four years of wrangling between brussels and intensebut there's been scrutiny in terms of the unresolved, the unknown knowns, and that comes down in essence, annmarie hordern, to the physical square-mile you are sitting in which is about services, financial services. annmarie: financial services is the big papi they were not able to get a full agreement on. this all has to come down with equivalents and over the weekend, boris johnson was speaking to the sunday telegraph and he says, perhaps the deal does not go as far as he would have liked. hedid not go as far as wanted on services which make up a bulk of the u.k. gdp but even things that they were able to get a concrete deal on. they have to review it in five years, but even the fishery organization, they found they were "betrayed by what had gone on because they were stark supporters of brexit. they feel like the

and edwards takes a look. anna: no matter what, the uk's relationship with the eu is changing. freedom will no longer apply for 2021. you six months on your passport and only be able to stay for 90 out of 190 days. want to live and work? the withdrawal agreement protects the rights of those already abroad. but in the new year, there will be new costs and residency requirements. good straight will see more friction. there will be custom separation to move food, animals, and plants. and you need the right paperwork to get close to ports. to avoid chaos, the u.k. is giving importers a grace. disgrace period. but the u.k. -- grace period. but the u.k. is not following suit. they are losing their right. the u.k. granted brought equivalents to eu capital, but europe has been narrower, granting just temporary equivalents. it's in no hurry with other financial services. matt: that was bloomberg's anna edwards there, looking at the significant changes for people and businesses due to come in on january 1 with this new deal. staying with brexit, let's get to brussels addition. here is ma

i'm anna edwards alongside matt miller. matt: good morning, the markets say no time for complacency. 10 days until christmas, and risk sentiments hours. european futures are lower, the cash trade is an hour away. these are your top headlines. curbing the virus, global stocks restrictionsw threaten major economies. london is set to enter tier 3 rules, and new york could see another full lockdown, the kind we will see in germany tomorrow. 300 thousand.p joe biden asks americans to look ahead to the urgent work of getting the pandemic under control as his election win is confirmed by the electoral college. credit suisse will restart share buybacks in january. it also sees fourth quarter investment bank revenues ahead of the previous year. newsieve you have breaking on the economy in the u.k. anna: everybody knows many economies are fighting against joblessness, and that is the same in the u.k. at the margin, some data seems better than anticipated. that does not remove the fact we see the unemployment rate on the rise. u.k. oc

i'm anna edwards in london. risk of, concern over the u.k. coronavirus variant overshadows a new stimulus deal in the united states. final push, boris johnson offers a last ditch proposal on fishing as he races to reopen trade routes to france. , draggingring down the s&p 500 lower. lots to discuss this morning. we are nearly at the end of the year. let's get to breaking news, we have the backward looking third-quarter gdp in the u.k. the economy in the third quarter grew by 16% from the previous quarter. we are hearing that the u.k. economy shrank versus a year earlier. in the third quarter, the economy was 8.6% smaller than the previous year, but it grew from the second quarter. .t is backward looking questions remain over the resilience of the u.k. economy over the winter months. we saw bluebird economics revising down there forecast and estimate for the u.k. economy. we will go into another recession in the u.k.. tension across the channel. that is something we need to keep our eye on. let's get to the futures. performancergent between th

i am anna edwards alongside matt miller in berlin. matt: good morning. today, the markets say it is not much but it is something. asian stocks head for a record as congress inches towards release on a pandemic package. equity futures are also pointing higher across the board. cash trade is now our way. these are your top headlines from the bloomberg terminal. mitch mcconnell says lawmakers are getting closer to a deal on .timulus investors await guidance from the fed on its bond buying program. a bleak winter. germany reports a record number of daily virus deaths as the country's latest lockdown comes into full force today and pay back time. the ecb lifts its bans on dividends. interviewing you our with the supervisory board chair. awaye just under one hour from the start of cash trading. let's take a look at futures here in europe. we are seeing gains of .5% on the cac 40. up .25% andres are ftse futures gaining .3%. u.s.u take a look at the picture, it is more mixed with drops in down and in s&p futures , only fractional drops. nasdaq futures up .2%. e

was my esteemed coanchor, anna edwards. and what will be different between the eu and u.k.morrow. less than 24 hours before the final split from the european union. boris johnson's trade deal has been approved by the u.k. parliament. the prime and signed the agreement after it was rushed through both chambers in a single day as expected. let's get more with her brexit editor. does this mean brexit is over politically? will we not be talking about it next year? >> i suspect we will be talking about it next year. this ends the question of whether britain will leave the european union once and for all since boris johnson won election last year. he has been able to get the deal through parliament in a way his predecessors were not able to. those in his party who are unhappy with the deal. this is a deal that could be reopened at a later date. iso not know if the question what the trading relationship looks like. i do not think that will go away. it may fade into the background, but not go away. matt: will the u.k. be ready for brexit tonight? i was talking to reporters at pande

i'm anna edwards live in london. the open of european trading is under one hour away.ideo, president signals he may not sign the covid-19 relief bill. u.s. futures slipped on the news. open for business. france resumes critical trade links with the united kingdom but travel will depend on negative covet test results. i brexit deal hangs in the balance as officials talk on. michel barnier says both sides are ready to make a final push. welcome to the program. under one hour to go until the start of the european equity trading session for this wednesday. let's look where we are on the futures. this is the picture for european futures right now. yesterday, and mixed session in the u.s., more positive in europe. much more positive in the european session. the u.s. going in a slightly different direction. in terms of u.s. futures, quite a deal in terms of catch up. the comments we had from president trump talking about not wanting to sign the pandemic relief bill, wanting to make changes to the pandemic relief bill. that seemed to take it edge off futures in the united stat

i am anna edwards in london. the start of equity trading, just under one hour away. america's deadliest day. 2007reports more than hundred covid fatalities in a single day. germany extends its partial lockdown until january 10. another passing shot. the house of representatives backs a lot that could see chinese companies being kicked off american exchanges. the bill awaits signoff from the president. akron turns up the heat. france threatens to veto a brexit deal if it does not like the terms, piling pressure on the e.u. not to make further concessions. welcome to the program, everybody. 7:00 in london. 8:00 in paris. let's look at the futures. we are fairly flat on futures. the young stock x50 futures flat. yesterday, we saw some decent gains for the ftse, up by more than 1% and that was a standout compared to the rest of europe which was more mixed. it was mixed in the u.s. session as well. we did actually see a bit of a late rally in u.s. equity trading, up to some of those new highs we were talking about in headlines. all of that in the context of the hopes and

i am anna edwards alongside matt miller. matt: good morning. today, the markets say fingers crossed -- fingers crossed. futures sent higher while the pound gains on yet another brexit extension. the cash trade. urgent action. germany enters a hard lockdown starting wednesday as italy overtakes the u.k. for coronavirus deaths. we will give you the latest on all of those numbers plus another shock. ursula von dernd leyen extend brexit talks with yet another deadline passed. the pound jumps. astrazeneca with a megadeal to take over a pharmaceutical company, the biggest deal ever with their ceo. cash trading across europe and the u.k. let's take a look at futures this morning. we have kind of a mixed picture here because ftse futures are down with the rising pound. elsewhere on the continent, you is futures gaining as evidenced bydaxd futures -- as dax futures up. a little bit more on dow jones industrial e-money futures -- e- mini futures. what do you see on the gmm? much a globaly factor that is dominating the futures picture, isn't it? away from

in anna edwards, live london, alongside matt miller in berlin. matt: good morning. today, the markets say sell the greenback. u.s. lawmakers appear to edge towards a stimulus deal. the cash trade is one hour away. here are your top headlines on the bloomberg terminal. last half full, jerome powell sees the u.s. economy performing strongly in the second half of next year. but it promises to keep supporting it. , the bank of england prepares for its final rate announcement of the year. policymakers are said to keep stimulus with a brexit deal yet to materialize. bitcoin at $400,000. scott minerd says the cryptocurrency's fair value still has a long way to go even as it pierces $22,000. just under one hour away from the start of cash trading in europe, let's take a look at futures this morning after another rally on the nasdaq and s&p yesterday. the dow was down. we see futures rising in europe. ftse futures up .4%. take a look at u.s. futures this morning after back-to-back records there. we see futures up again. s&p futures gaining .3% as our dow and nasdaq futures.

i'm anna edwards live in london. matt: good morning.he markets say the doctor will see you now. $8,000 a ton for the first time in seven years. futures in europe are off. here are your top headlines from the bloomberg terminal. china's top chipmaker slides after a report that the united states is set to blacklist scores more chinese companies. futures are off for a number of them. therna's vaccine wins backing of fda advisors. u.s. lawmakers continue debate over a bipartisan stimulus deal. force johnson says brexit talks are in a serious situation after phoning ursula von der leyen. officials in brussels are confident of a breakthrough. an hour away until the start of cash trading throughout europe. take a look at futures. they are down across the board. looking at drops right now on dax futures. less than 2/10 of 1%. ofe futures down about 2/10 1% as well. .uro stoxx 50 futures 2/10stoxx 50 futures down of 1%. u.s. futures are also down 2/10 of 1%. a little bit of a risk off feeling on this friday morning. anna: let's get some breaking

i'm anna edwards. the cash trade is less than an hour away. a well oiled machine -- stocks get a boost from positive data in asia. european futures point to a positive open. opec rick town, the cartel and allies delay talks until thursday after ministers fail to reach a deal. wti falls for a third session. 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. let's 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 price

i am matt miller in berlin, alongside anna edwards in london. away from the cash trade. kind of a mixed picture in futures. let's get your stocks to watch. for that, we go back to london and dani burger. dani: starting us off with some moves. this company will be bought by taiwan's global waiver, a deal that had long been rumored. we are having confirmation it is fun is it going to take place. the price is 125 euros, roughly where it is trading now, so we might not see the biggest pop coming from this company today. still certainly some good news for investors who were hoping this deal would go through. oconto also upgrading its full-year forecast for the second time -- ocado. it is clear that online grocery demand keeps exceeding expectations throughout the entirety of lockdowns, pandemic concerns, all of that really thrusting investors into those shares. anna: thank you very much, dani burger with the stocks we are watching. coming up, it is the market open. futures have been pointing tentatively to the downside. a lot of focus on the pound. t