so has the dax.e major european equity indexes, really omx, the stockholm's aex in amsterdam, and the dax looking at 2020 gains. there, you see the ftse mid in italy. any case, we're seeing gains across european markets this morning. it's mainly due to president trump signing off on a coronavirus stimulus package, or perhaps europeans are happy about the brexit deal, as well. but here in germany, the finance minister, olaf scholz, is defending his government's measures to fight off the impact of covid-19. the ruling coalition's cut on that taxes expires at the end of the year, and he says the move largert won't postpone purchases because of the pandemic. still, i think the more important piece of news here is that he won't extend those tax cuts. joining us is carsten brzeski, the chief economist. , what do youarsten think -- let's talk first brought -- about the brexit deal. any possibility european equities are rallying on relief due to this brexit deal? carsten: i think there is to relief -- is som

, even the dax.rope so far behind? have the shutdowns been harsher? has the bridge been weaker? are we going to see more bankruptcies here? 'what's the recent? bob: a number of factors. the eurozone economy has been hit, and the eurozone economy across the u.k. has been hit marsh harbour -- much harder than the u.s. the differential has been greater this year. that will probably reverse in 2021, your outperforming -- europe actually outperforming the u.s. the other factor is the components of the s&p versus the components of the euro stocks. they're up until recently. the s&p has been led by the tech sector. that's demonstrated by the performance of the nasdaq. whereas the u.s. is tech heavy, the euro stocks is industrial heavy, consumer heavy, and tech like. that also explains the performance of the s&p. also, you can argue one goes back to the second quarter of this year. the fed action was probably more aggressive in easing monetary policy than the ecb. i would actually say now, the fed and the ec

the tax is the outperformer, up dax is the the outperforming. cases on the rise.e industrial data out of child will be -- out of china will be a boon. definitely risk on feel. the liquidity is going to be really thin. not a lot of people trading in the office. i want to get a read on where the breakfast -- brexit impact is felt. u.k. shares up 5.7%. that positive brexit headlines upding true -- u.k. shares .5%. consumer staples all up by over 1%. industrials are going to be exposed to china. you have industrials and metals, they are going to be the big winners potentially in a brexit deal. they were the hardest hit in the u.k.. are they the biggest to rebound with adls? deal?- rebound with a european equities up by 2%. i want to dig deeper into the names. abigail doolittle is looking at the winners and losers. with itswith the dax all-time highs in february, the winners being led by delivery heroes soaring 9.5% on the likelihood that this delivery food company is likely to go ahead in the first quarter of 2021. jeffries is bullish on this. we have deutsche bank cl

the dax the upper former pugh aide the auto sector in particular -- the dax the upper former today.he up -- the outperformer. ftse 100 up. let's give you the broader as it. ecb tomorrow, pay attention. it is interesting the euro did not move much on the news we got out of poland and hungary we are getting close to a deal. cable rate, 1.3380. btp yields continuing to move. today we are continuing to yields moving lower, prices are moving higher. portugal is negative, spain is close to being negative. what is lagarde going to deliver tomorrow? in terms of the breakdown of individual stocks, this is the sector breakdown. the car sector having a solid day. auto parts up 1.45%. sectors and negative territory. construction and technology, which is interesting. there might be a cyclical tilt to the market today. vw is not moving fury we are on tenterhooks -- vw is not moving at the moment. trading up one point 13. -- blaming margin push lower on the fact we are seeing china-u.s. tensions. that stopped down 11.5%. down 11.5.that stock deutsche's percent down 1.33%. alix: deutsche bank ceo s

1% on the dax.f this comes as president trump signed a bill containing $900 billion in pandemic relief. the backdown from the president's demands avoids a government shutdown and delays to the supported aid package. the legislation, which passed congress last week, includes $1.4 trillion to fund federal agencies through september and called the bill, trump on congress to increased to millis checks to $2000, a nonbinding -- stimulus checks to $2000, a nonbinding request. larry summers told bloomberg raising the size of checks doesn't make sense. >> we are better off with stimulus them without stimulus. i don't think the $2000 checks make much sense. the real issue is going to be sustaining this expansion. 900think about it, the stimulus bill would pass $250 billion a month for the next three months. the level of compensation is running about $30 billion a month below what we would have expected it would. gdp is running about $70 billion a month below what we would have expected it would, so in a way,

materials and tech are leading the way in european equities, even the dax eking out a 1% gain.s is bloomberg. ♪ alix: live from new york, this stocke european close," trading closing in europe. just one more day for a full week in 2020. anything closer to 2021 is fine by me. the overall theme has to do with what we have been seeing with brexit inching closer and there could be a deal by tomorrow according to some officials. may be less optimistic, but nevertheless that feels to me about what's permeating in the markets, for tense of 1% with materials and technology leading the way. 1% with materials and technology leading the way. macron did test positive for covid, so he is quarantining currently, with the dax holding on to its lead. it's cyclicals that are really leading the way. digging deeper into the currency moves, emme chandra? mme: we are hearing today that the boot in germany is about to sell off a record amount of debt to prop up the economy as the coronavirus pandemic enters a second year. reaction in the krona as they move against the grain and look to raise interes

cac and dax futures now down three tents of 1%.go to laura wright for the bloomberg first word news. laura: the united states is blacklist set to chinese companies later today. around 80 additional companies including top chipmakers could be added to the so-called entity list. nearly all of them chinese. the move comes little more than a month before president-elect joe biden takes over. bloomberg understands the u.s. nuclear weapons agency was hacked as part of a suspected russian cyberattack. hackers with ties to the russian government are suspected to be behind a well correlated breach that took advantage of weaknesses in the u.s. supply chain, striking several federal government agencies. microsoft confirms its systems were exposed as part of the attack. modernity covid faxing has won backing from a panel of experts who advise u.s. regulators. 20-0 with oneoted abstention that the benefits outweigh the risks. it sets the stage for the shot to be the second vaccine cleared in the u.s.. global news 24 hours a day on air and at bl

the dax underperforming, the cac making decent gains.ore than 2 -- oil is higher, more than 2%. let's get a bloomberg business flash. here's laura wright. laura: thanks, anna. pfizer promised up to 100 million doses this year. a spokesperson released a statement saying the scallop of raw materials took longer than expected. morgan stanley is handing out a special one-time bonus for lower paid workers as the firm heads to a record year. the bank will give iran half of its 30,000 employees a one payment of a thousand dollars. the benefit adds to the promise it will not cut its workforce this year despite fallout from covid-19. that your bloomberg business flash. anna? anna: laura wright with your business flash. keeping an eye on brexit brussels, eu councile president, see if we get any lines around brexit. speaking about the latest, trade talks were on the verge of a breakthrough until negotiations had a last-minute slang -- snack. -- snag. brexit said there was a new set of demands. you denied the new set of demands. we won't dwell on th

singh of get underperformance versus the dax, volkswagen -- significant underperformance versus the daxswagen having a strong day. jonathan ferro and i will be taking you through the cable show on dab digital radio. this is bloomberg. ♪ emma: this is "bloomberg markets -- the european close." coming up, an exclusive interview with marc jenkins, carlyle group head of local credit. that is at 1:30 in new york. this is bloomberg. the you is still holding a news conference on the new -- the eu is still holding a news conference on the tech rules. joining us is columbia law school professional -- professor aarti bradford. she is the author of the book how the european union rules the world. professor, let's talk about what has been announced today and how effective it is likely to be. is the eu taking the right approach? >> the eu is taking very decisive steps. e.u. is unveiling significant new regulations to try to restore competition on the single market, and to name responsibilityor over the content they display on the platform. alix: is it going to work? is it enough of a deterrent to ge

but very very briefly the dax reached a record high today you should breaks it. that's part of it definitely because it happened over the weekend and this was the 1st time when the traders got an opportunity to trade on that it's a major belief you go to keep in mind because we were looking at a lot of chaotic scenes at the border and we didn't know what we didn't have clarity of how to make trades which companies are going to get data which are not going to get tatted now there is some clarity on that and that's the reason why that's one of the reason and the other is of course the u.s. president. signing that stimulus package that was important the markets were actually no worse u.s. with recovery was losing steam and that could have been disastrous. thank you. now the talks between the european union and china on a major investment deal appears to have stalled in the final stretch chinaware that insists that they're still going as planned and i want to go to singapore for more but 1st a look at what's at stake. the search for an e.u. china investment agreement

lender to have you with us and was starting with an amazing rally on global markets from germany's dax to wall street and tokyo stocks are hitting record highs investors seem jubilant thanks to a new economic stimulus package passed in the u.s. the brakes a deal of course and the 1st vaccinations against the coronavirus question is how long will the party last. crisis what crisis the german stock market in frankfurt is and record breaking mood at the end of 2020 the blue chip dax index has gained around 4 percent since the start of the year despite the pandemic but what's behind the optimism. is the markets expect that everyone will be vaccinated by the middle of next year. but critics see significant risks many businesses such as love to answer or travel company to eat are only staying afloat thanks to state subsidies if the government were to cut back at short time work allowance many companies could go broke that would lead to mass unemployment as well as bankruptcies for businesses and individuals according to the german institute for economic research. if loans are not repaid the

, all higher. 600, the cac and the dax, all higher.ignificant.still given the underperformance of u.k. stocks. remember, the ftse 100 down from 12% this year, and if we take a look at a chart, we can show you it is one of the big global laggards over the course of the year. the blue and the white, the ftse 100 and the ftse 250. u.s. stocks really cheap. what we're hearing from strategists -- can we call it the end yet? of the brexit saga. the end of the brexit saga could be that trigger to take a closer look at the ftse 100. a lot of stocks, and a lot of sectors in the green. one of the biggest movers on the ftse 100, gaining 4.4%. this a big u.k. home improvement company. when you get into the 250, you are seeing the likes of london and portland, and gains of 2% to 3%. tesco, the big supermarket chain in the u.k. also putting in again today, along with the likes of morrison's. affected by the trade deal given how much food crosses the border. of the biggest customers is the u.k. small pop today, but a much bigger when yesterday tradin

in terms of performance today, in terms of the ftse, the dax, and the cac. 1.5, the dax up 1.35%.rms of low sector breakdown , -- in terms of the sector breakdown, let me walk you through the grr function. every single sector in positive territory. technology outperforming the banks. the banks had a tough day. slightly defensive still in the mix in terms of the movers we are seeing. in terms of the breakdown from individual stocks, the single stock names, we are seeing a bounce back from yesterday. the airlines got hammered yesterday. iag up 5.8% pure at the bottom end -- iag up 5.8%. stocks like oconto -- stocks like acado under a little bit of pressure. we have seen biontech saying it could reformulate within six weeks if it needs to with this new covid variant we are seeing in the u.k.. itley: speaking of the u.k., has been one deadline missed after another and the clock is ticking. in less than two weeks the u.k. leaves the customs union with or without an agreement. maria tadeo caught up with michel barnier earlier. barnier: we are in a crucial moment and giving at the final

lender to have you with us and we're starting with an amazing rally on global markets from germany's dax to wall street and tokyo stocks hitting record highs and also seemed jubilant thanks to a new economic stimulus package passed in the u.s. the brakes a deal of course and the 1st vaccinations against the coronavirus question is how long will the party last. crisis what crisis the german stock market in frankfurt is and record breaking mood at the end of 2020 the blue chip dax index has gained around 4 percent since the start of the year despite the pandemic but what's behind the optimism. to make the end of the markets expect that everyone will be vaccinated by the middle of next year. but critics see significant risks many businesses such as love to answer or travel company to eat are only staying afloat thanks to state subsidies if the government were to cut back at short time work allowance many companies could go broke that would lead to mass unemployment as well as bankruptcies for businesses and individuals according to the german institute for economic research. if loans are no

much flatter on the dax. the pound seems to be the differing factor there.making modest gains. next, we talk about tech. this is bloomberg. ♪ every year, we set out to do one thing: help the world believe in holiday magic. and this year was harder than ever. and yet, somehow, you all found a way to pull it off. it's not about the toys or the ornaments but about coming together. santa, santa, you're on mute! just wanted to say thanks. thanks for believing. matt: welcome back to the european open. we are 30 minutes into the trading day. let's take a look at what is going on in terms of stocks, the direction and the individual movers in terms of the industry groups. 600, very little change. it has been up and down between gains and losses all morning 29 --well, all smoking, drinking, and eating, three things that people will probably never quit doing, also doing well today. that is fairly defensive. technology is doing poorly, on the back of the facebook story we are going to talk about briefly. let's get the first word news right now. for that, we go to laura

european stock markets look like ending the year on a winning streak germany's dax index has hit a new record high investors are optimistic on a number of fronts the brakes a trade deal the u.s. stimulus package and the role of coronavirus baxi. of thousands of people have been vaccinated against the coronavirus now the european union mass immunization program is underway but stocks of the pfizer vaccine limited medical care hunch stuff and the elderly at the front of the queue governments under pressure to speed up supply. germany is on course for 1300000 doses of the vaccine before the year ends but the health minister says high volume production can't happen overnight. she would let me know by now i'm amazed that some people have the impression that vaccine production one of the most complicated and challenging fields in the pharmaceutical industry could just simply be ramped up at will in the coming weeks to start producing extra vaccine doses elsewhere in germany or europe to do this preparations need to be made those preparations are underway and our goal is to soon be producing

lender to have you with us and was starting with an amazing rally on global markets from germany's dax to wall street and tokyo stocks hitting record highs investors seemed jubilant thanks to a new economic stimulus package passed in the u.s. the breaks a deal of course and the 1st vaccinations against the coronavirus question is how long will the party last. crisis what crisis the german stock market in frankfurt is in record breaking mood at the end of 2020 the blue chip dax index has gained around 4 percent since the start of the year despite the pandemic but what's behind the optimism. you make that indefinite always the markets expect that everyone will be vaccinated by the middle of next year. but critics see significant risks many businesses such as love to answer or travel company to eat are only staying afloat thanks to state subsidies if the government were to cut back at short time work allowance many companies could go broke that would lead to mass unemployment as well as bankruptcies for businesses and individuals according to the german institute for economic research. if

european markets jumped on monday as germany's dax reached a record high it comes after a slew of good news for investors including a post trade deal for the stimulus package in the u.s. and the distribution of the corona virus vaccine across the european union. thousands of people have now received the beyond tech pfizer vaccine in the e.u. which began a coordinated vaccine rollout on sunday but supplies are limited and member states are prioritizing medical staff nursing home workers and the elderly that has put a growing pressure on the german government to ensure quicker production of the vaccine. the country will receive $1300000.00 doses of vaccine before the year's and that's according to the german health ministry but it's minister says mass production can't happen overnight. i'm just that some people have the impression that vaccine production one of the most complicated and challenging fields in the pharmaceutical industry could just simply be ramped up at will in the coming weeks to stop producing extra vaccine doses elsewhere in germany or europe to do this preparations nee

but very very briefly the dax has reached a record high today due to breaks it. that's part of it definitely because it happened over the weekend and this was the 1st time when the traders got an opportunity to trade on that it's a major belief you got to keep in mind because we were looking at a lot of chaotic scenes at the border and we didn't know what we didn't have clarity of how to make trades which companies are going to get dad of which are not going to get now there is some clarity on that and there's a reason why that's one of the reason and the other is of course the u.s. president. signing that stimulus package that was important the markets were actually no worse u.s. with recovery was losing steam and that could have been disastrous all right. thank you. now the talks between the european union and china on a major investment deal appears to have stalled in the final stretch to know whether insists that they're still going as planned and i want to go to singapore for more but 1st a look at what's at stake. the search for an e.u. china investment agr

lender to have you with us and we're starting with an amazing rally on global markets from germany's dax to wall street and tokyo stocks are hitting record highs and also seemed jubilant thanks to a new economic stimulus package passed in the u.s. the breaks a deal of course and the 1st vaccinations against the coronavirus question is how long will the party last. crisis what crisis the german stock market in frankfurt is and record breaking mood at the end of 2020 the blue chip dax index has gained around 4 percent since the start of the year despite the pandemic but what's behind the optimism. to make the end of the markets expect that everyone will be vaccinated by the middle of next year. but critics see significant risks many businesses such as love to answer are travel company to eat are only staying afloat thanks to state subsidies if the government were to cut back at short time work allowance many companies could go broke that would lead to mass unemployment as well as bankruptcies for businesses and individuals according to the german institute for economic research. if loans a

dax futures paid them no mind. take a look at u.s. futures this morning. we see very little change after new records here. the s&p 500 -- new records on the cash side. s&p 500 unchanged. nasdaq creeping higher but not by very much. there will be a lot of things closed today. we pull up the g.m.m. now and take a look at what is going on, let's say. g-20. we have the g-20 markets here and i assume that we have not included close markets. that's why you see for example not too many equity index >> there is. very, very few in asia are trading just as well as here in europe. the china c.s.i. 300 up 2%. interesting chinese vaccine news although they don't even have a covid problem. i thought they had pretty much stamped it out. what's the need for a vaccine? we'll discuss that throughout this program. let's get a look at bloomberg first news. the u.k.'s post brexit trade deal has cleared parliament with less than 24 hours to spare. the lords gave the green light before the transition period ends and the u.k. leaves the single mart at 11:00 p.m. u.k. time tonight

this is huge you were just talking about bitcoin i will tell you dax seems will have a value i think far greater than even something like bitcoin does back seams are now the currency of the realm i mean big question is about money it's about monetization it's about well back scene is about lives and you can control the supply chain if you can control the intellectual property the research and development the distribution i mean saving lives at this point is the key and people will spend billions and billions of dollars to make sure that that happens so this makes it an extremely inviting target not only for criminal organization but for nation states who are looking to steal intellectual property research development and try and manufacture their own back scene and capture a part of this huge market which will probably be with us for you know at least my lifetime and it seems to be that this has been going on or the attempt to for quite some time since the research and development process started for this vaccine north korea seems to be pretty strapped in terms of its economy and has

stock markets are up on good news after the holidays with the german dax marking an all time high on monday it comes after a post breaks a trade deal between britain and the e.u. that seems to have made traders optimistic about the economy. all that optimism got a further boost after u.s. president donald trump signed into law a $2.00 trillion dollar pandemic relief and spending package trump backed down from his threat to block the bill and his demand that congress increase stimulus checks for struggling americans from $600.00 to $2000.00 the president had condemned the spending plans as a disgrace the bill will now restore unemployment benefits to millions of people and avert a shutdown of government services. of more now on this we're joined by liz schul cuz she's a policy analyst here in berlin liz why did donald trump take almost a week to sign this crucially important bill. there are a lot of factors that play that kind of influence why trump dragged his heels i'll never forget before he ran for president he said i'm going to suck all the oxygen out of the round and if we look

the dax index in germany is closed for the holiday.officials say talks have hit a snag, and a deal may still be just hours away. in asia overnight, take a look, the hang seng, the nikkei all seeing green, the shanghai composite down about six-tenths of a prosecutor. >>> epa saying air quality standards will remain unchanged. lauren simonetti has those details. good morning. >> good morning, jack key. the trump administration keeping a national limit of 70 parts per billion, those e standards remain unchanged from the obama administration though some groups are fighting for tougher ones, but with the epa saying leaving the standards unchanged would present public health. a recall alert, glaxosmithkline recalling more than 430,000 bots of excedrin, this includes many of us over the counter aspirin or tylenol-based products sold between march 2018 and september 2020. if you have an excedrin bottle at home without holes, it's safe to keep using it for your headache, what have you, otherwise you can return it and get your money back. well,

dax futures up 1%.ld see another big gain german stocks, even as we suffer through this harder lockdown. here's the global macro movers screen. on the left-hand column, you will see equity index as the trade starts to hit live. -- shouldn should be start to populate. typically, the ftse is the first out of the gate and i am starting to be skeptical about whether or not this gmm screen is correctly loaded. none of the equity indexes have opened up yet, but no, i see a ftse trade, indeed up 0.5%, cac up 0.5%. we are seeing gains across the board. i will go ahead and take a look and make sure that gmm screen as the correct parameters. nonetheless, european markets are opening higher. as u.s. lawmakers get closer to a stimulus deal, we get closer to a brexit deal, joining me now is eimear daly, macquarie fx strategist. let's talk about what is going on in washington. it seems to have really been the driver behind equity markets and i wonder how much it has to do also with the weaker dollar, the bloomberg do

the dax up by more than 7/10 of 1%. here is laura wright.n has chosen janet yellen as his treasury secretary. she was widely expected to be the economic job. faceseets the country great challenges but must restore the american dream. china's economic offensive against australia may end up backfiring. it is awarded to countries not to criticize beijing but china's moves are adding to concerns about economic coercion and may push nations closer to the u.s. bitcoin has hit a record, beating its previous high set in december of 2017. it takes this year's surge to more than 170%. even with the recent rally, bitcoin ownership remains concentrated with a small number of investors. recorded to flipside crypto, about 2% of accounts control 95% of positive digital assets. 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. this is bloomberg. anna: thank you very much. as we have been covering, unicredit shares falling as the ceo says he is stepping down after

the dax here in germany down 0.3%. the carafe also down. indexes falling this morning as the ftse rises just a little bit. negotiatorsrexit are striving to finalize a deal by this evening after resuming talks yesterday. both sides are denying the compromise has been made or has been reached on fishing, despite earlier reports. we heard from "the times" that merkel and macron are thinking of softening their stance on a level playing field, at least according to one source. joining us is bloomberg's government managing editor. maybe they are going to reach a deal on one of they two hurdles, and no, are not reaching a deal on either one. how do things look right now? reporter: it is the classic brexit groundhog day, isn't it? two steps forward, one step back. indeed, last night we did have some reporting that seemed to indicate that on the tricky issue of fish there was what had been referred to as political landings, the makings of a possible compromise. we have to remember that the other big obstacle is the so-called level playing field, whi

and the dax is up.ngela merkel announcing that even tougher assertions will go places we go toward the holiday in germany, as they continue to deal with a second wave, tougher than originally thought. and we have seen in the u.k., london entering tier 3, bars are going to close and restaurants are going to close. we have seen that in the sterling rate. the pound has been coming off a little bit. but we have a positive story out of asia on the back of a briefing suggesting that maybe we could see a brexit deal done this week. sterling is reacting accordingly. we are up by 7/10 of 1%. and let's talk about how the story is breaking down today. this almost comes down to the individual stocks that we have been focusing on. retail is doing well. and we are seeing vaccines being rolled out in the u.s. banks are trading higher. down for the u.k. i will show you that in a minute. and travel and leisure are moving higher. and energy is a big underperformer. ask her not having a good day either. it's finishing fla

the dax is up by around .4%.king at the percentage mispriced on the s&p on my bloomberg, it is telling me the s&p is going to go from strength to strength. around .6%. joining us now is jp morgan cha ir of global research. let's talk about whether or not this equity rally will continue and how far into 2021 you are feeling optimistic. >> happy holidays, it is great to be with you. i do think this rally will continue. we think there is about $1 trillion of inflows that could still go into the equity market. you still have a stream giving you a yield that is 3.3%. when you look at the bond world and you have 80% of developed market government bonds at real negative yields. there very comfortable with 4400 target we have on the s&p. i do think it is frontloaded. this momentum, we see continuing through the first quarter of the year. we actually think that many of the emerging markets equities are going to yield better in 2021 compared to the past year. we think and emerging-market equities, you could have some gains

dax down 0.9%. the story is that the u.k. is entering an emergency lockdown.svariant of the virus to be passed along more easily, up to 70% more transmissible. swift reactions from european countries including italy and belgium. curbing travel from the u.k. down more than 1% this morning. this is the pressure from the new lockdown in london but also the fact that there is still no brexit deal as we inch ever so closely to the december 31 deadline. brent crude also getting slammed this morning down more than two point 5%. money moving into safe havens including light treasuries and gold. christmas chaos in the united kingdom. london locks down amid a more infectious virus strain and europe suspends flights. details next. this is bloomberg. ♪ annmarie:. a.m. in the city of london. this is "daybreak europe." london's emergency lockdown. the u.k. prime minister makes a u-turn, saying the latest mutation of the virus is impossible to ignore. britain in isolation. france, journaling -- france, germany, and italy among the countries suspend travel from the u.k.. cong

. ♪ ♪ maria: european markets look like this, dax index in germany lower by 63.asia overnight, markets finish mostly shower. we had economic data, that is the fastest pace of exports since february 2018. the growth also helping to generate a 75.4 surplus. the data, of course, coming from the chinese communist party and this has been the big fight between china and the u.s., the fact that we are buying more products than china is buying from the united states. now some of the top stories that we are watching this morning. president trump's personal attorney giuliani says, quote, he's feeling good after testing positive for covid-19, he tweeted yesterday, thank you to all my friends and followers for all the prayers and kind wishes, i'm getting great care and feeling good. prior to that diagnosis, the former new york city mayor updated me on the status of the trump campaign's legal fight. >> this was a pattern that was set by somebody in washington because everybody else carried out exactly in the same way and they did it in the crooked cities, they did it in phila

the dax in germany is down almost 400 points, that's 3% lower. in asia, a mixed story.pretty much across the -- fractional lows. now some of the top stories that were watching this morning. after months of political stalemates, congress finally reached a coronavirus relief deal. the $900 billion bipartisan package includes $600 stimulus checks, a temporary $300 supplemental jobless benefit, it also extends the paw check approximate program -- paycheck protection program. congress has extra time to pass the stimulus deal. the first doses of moderna's covid-19 vaccine are expected at facilities nationwide today after receiving fda emergency use on friday. a cdc panel recommending yesterday that those over 75 years old and the front-line workers like teachers, factory employees, nurses should be next in line for the vaccine. meanwhile, at least ten countries including much of europe, israel and canada are banning all flights from the u.k. over a new strain of the coronavirus. british prime minister boris johnson says the new train is 70% more transmissable than covid-19. p

germany's dax also finished a record high on monday put all this into perspective what's it mean for people around the world is it going to make their lives better. well i mean if you look at the stock market it depends if you're invested or not and clearly americans are more invested than the counterparts in germany i've seen recently a number that retail investors so small investors now make up about 20 to 25 percent of the u.s. stock market here a goal that was maybe about 10 percent just so yes people who are invested in the stock market clearly profited from that and now that the 8 pickett's is underway that might also strengthen the u.s. economy and germany is not really well known so that we tell investors are on a broad base invested in the stock market so. accordingly they do not really participated that much from what's going on but maybe one final word we definitely shouldn't forget all year long what's happening on the stock market and what's happening on main street is a definitely not the same. point to finish. thank you. south africa has imposed tighter coronavirus rul

after a strong month of november in november alone, the german index dax skate around about 15 percent. now it will be important to bridge the gap until we have a vaccine. that's what many economists are convinced off, which means that government spending should not be ending too soon. and worldwide, government should cooperate next year. when it comes to distributing the corona vaccine. europeans have long criticized big tech companies while failing to develop any of their own. the e.u. thinks it has a solution on both counts though. a new block wide cloud infrastructure. it's calling gaia x. . it's a new set of standards meant to create an open, uniform tech playing field for companies across the 27 member countries. provide an answer to tech domination from the u.s. and china. how much data do you have in their cloud, with amazon or google, or microsoft, or one of the other tech giants in the sky? the cloud has become the high tech battleground of the internet age and is totally dominated by those big, mainly american players. but here in berlin angela merkel's government says, it d

we are now up here today on the dax. something you track very closely.e of those pandemic losses. i guess one good news since you have been back. thank you so much for joining us and congratulations. matt is back and will be with anna edwards. in just a moment the european open is up next. record highs 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

let's bring in our financial markets correspondent andrea was in the frankfurt and going by germany's dax today there seems to be some reassurance after all i should tell. it seems saw us want to definitely there is some reassurance at least you won't be seeing the key also that we could have seen had it not been for the free trade agreement but you mentioned that the financial services that are there are not part of the deal and there's a specific reason for that because the 2 sides are really finding it difficult to bridge the differences that they have as far as the financial services concerned or what have the demands are very difficult to meet from either side and that's the reason why they're not part of the current deal at this point of time even earlier they were being dealt separately not part of the negotiations that led to the free trade agreement they were part of a separate the negotiation process process that was to do with it couldn't system which actually ensures that the rules which are governing the british banks who were doing business in europe similar to those in the

european markets jumped on monday as germany's dax reached a record high comes after a slew of good news for investors including a post trade deal the stimulus package in the u.s. and the distribution of the corona virus vaccine across the european union. thousands of people have now received the beyond tech pfizer vaccine in the e.u. which began a coordinated vaccine rollout on sunday but supplies are limited and member states are prioritizing medical staff nursing home workers and the elderly that has put a growing pressure on the german government to ensure quicker production of the vaccine. the country will receive $1300000.00 doses of vaccine before the year's and that's according to the german health ministry but it's minister bond says mass production can't happen overnight. just that some people have the impression that vaccine production is one of the most complicated and challenging fields in the pharmaceutical industry could just simply be ramped up at will in the coming weeks to stop producing extra vaccine doses elsewhere in germany or europe to do this preparations need to

the cac quarante in paris lower by 13 and dax lower by 37. uk approving the use of the pfizer biontech vaccine set to roll out next week in the uk. take a look at asian indices here. we see a gain in korea as well as japan, fractional move but fractional moves lower in hong kong and shanghai. now some of the stop stories that we are watching this morning. new election whistleblowers coming forward in at least 3 states, one dropping explosive claims that postal workers tampered with ballots and even shipped them between states. >> i had no ballots take on election day, the day after the election, the postal service supervisor asked me if i had forgotten ballots the night before and i didn't have any, ballots were missing in the state of wisconsin. i took 24 pallets. i saw in the top corners, addresses on them. >> but if we don't pick the people there to make decisions on our behalf, we have a role of government doing whatever they want to do. maria: this as attorney general bill barr backtracks on statement that his department found no evidenc

european stock markets look like ending the year on a winning streak germany's dax index has hit a new record high investors are optimistic on a number of fronts the brakes a trade deal the us stimulus package and the role of coronavirus backside. of thousands of people have been vaccinated against the coronavirus now the european union mass immunization program is underway but stocks of the by antic pfizer vaccine limited medical care hunch stuff and the elderly at the front of the queue governments under pressure to speed up supply. germany is on course for 1300000 doses of the vaccine before the year ends but the health minister says high volume production can't happen overnight. she would let me know but i know i've been there just that some people have the impression that vaccine production one of the most complicated and challenging fields in the pharmaceutical industry could just simply be wrapped up and will in the coming weeks just stop producing extra vaccine doses elsewhere in germany or europe to do this preparations need to be made those preparations are underway and our g

crisis the german stock market in frankfurt is in record breaking mood at the end of 2020 the blue chip dax index is gained around 4 percent since the start of the year despite the pandemic but what's behind the optimism. that the markets expect that everyone will be vaccinated by the middle of next year. but critics see significant risks many businesses such as love to answer are travel company to eat are only staying afloat thanks to state subsidies if the government were to cut back at short time work allowance many companies could go broke that would lead to mass unemployment as well as bankruptcies for businesses and individuals according to the german institute for economic research. if loans are not repaid the banks could suffer the institute predicts the german economy could lose $400000000000.00 euros by the end of the coronavirus pandemic a bill that they say the government alone would be unable to pay. a columnist warned that a negative social and economic mood would then have negative repercussions on the stock market. the outlook for the coming year may be unclear but investors

. 198 higher on the dax index.al moving market, mostly higher. best performer, hong kong, hang seng up almost 1 1%. peter nygard indicted on sex trafficking and ractrafficking. >> cheryl: federal prosecutors say he used his fashion business as a, quote, facade of legitimacy in order to conceal sex trafficking and other illegal activity for years. the nine count indictment charges him with rakee ting. this is months after federal authorities raided his manhattan offices. a lawsuit accuses him of sexual misconduct. he denies any wrong doing. well, breaking this morning, regulators in massachusetts are going after popular trading app robin hood and are expected to file a complaint later today. they say the app targets inexperienced traders and fails to implement controls to protect them. robinhood says they have yet to see the complaint and will continue to work with regulators. walmart prepared to expand the self driving program, will usefully driverless trucks in arkansas next year, will move orders on a two mile ro

this the only time the dax has recovered from a more than 20% loss to end positively in december. thanks. very comprehensive. breaking news in the u.s. concerning the vaccine. apparently at least three shipments of moderna's covid-19 vaccine that arrived in texas now have signs they had issues with their temperature range. this vaccine has to be kept cold. not as cold as pfizer's but still very cold. if it strays from its temperature range they have to readjust. that prompts a delay in other deliveries according to the state hospital association. the stock down 2%. -- the reald from solution is you have to vaccinate fast. --re is criticism the role the rollout has fallen short in the u.s. back to europe, the brexit trade deal on track to become law within hours after clearing the house of commons. we want to take a look at the highlights of the last four and a half years of brexit negotiations. >> the british people of mitte clear decision to take a different path. -- the british people have made a clear decision to take a different path. >> after three years and two missed deadli

we are seeing a weaker pound, the dax underperforming, the cac 40 finishing flat.ll continue the conversation at the top of the hour. for the latest -- boris johnson will be delivering a press conference. on the take that live cable show at the top of the hour on dab digital radio in the london area. this is bloomberg. ♪ ritika: this is the european coming up, jmg royalty core president and cofounder at 1:00 in new york, 6:00 in london. this is bloomberg. opec and its partners are still working to agree on oil output levels before key meeting tomorrow pushback from tuesday. bloomberg has learned they are making headway towards an agreement of pop -- but of talks break down prices could plummet again. joining us is francisco blanch. the condition -- the consensus is the uae will cave and there will be some kind of an extension. what is your call and what is the price risk? francisco: we are still saying the baseline is there will be a deal because there is so much at stake. we will see an expansion of the current cuts, which are just under 8 million barrels a day, p

good to have you with us and we're starting with an amazing rally on global markets from germany's dax to wall street and tokyo stocks are hitting record highs and also seemed jubilant thanks to a new economic stimulus package passed in the u.s. the breaks a deal of course and the 1st vaccinations against the coronavirus question is how long will the party last. crisis what crisis the german stock market in frankfurt is and record breaking mood at the end of 2020 the blue chip dax index has gained around 4 percent since the start of the year despite the pandemic but what's behind the optimism. you make that the markets expect that everyone will be vaccinated by the middle of next year. but critics see significant risks many businesses such as love to answer or travel company to eat are only staying afloat thanks to state subsidies if the government were to cut back at short time work allowance many companies could go broke that would lead to mass unemployment as well as bankruptcies for businesses and individuals according to the german institute for economic research. if loans are not

dax is the real out performer.market, just to give you an idea, down by two tens of 1% -- .2%. it is maybe a little bit more respected -- restrictive and other parts of the world in terms of requirements. you can see that in the gr function we are watching. what we are looking at is banks and energy underperforming. energy is down there on the bottom. technology leading the story of the top. resources helping out on the london market as well. story dragging again. retail trading higher, off the disappointment coming out of h&m. thosemove on to some of bank names just to give you the impact the dividend story is having. three of the names being affected. in terms of other names we are watching, working our way through that. their in termsut of the business he doesn't own. by 23%. up the price facing a tax evasion probe in france. that stock really getting good news out of that news. 4.2%. can see, up let's show you what is happening with the currency markets. ftse climbing, euro up by .2%. interesting to see what th

more let's bring in our financial market correspondent who is in a frankfurt and going by germany's dax today there seems to be some reassurance after all as. it seems saw us want to definitely there is some reassurance at least the view would be seeing the key also that we could have seen had it not been for the free trade agreement but you mentioned the financial services that are not part of the deal and there's a specific reason for that because the 2 sides really finding it difficult to bridge the differences that they have the financial services concerned or what have the demands are very difficult to meet from either side and that's the reason why they're not part of the current deal at this point of time even earlier they were being dealt separately not part of the negotiations that led to the fleeted agreement they were part of a separate the negotiation process a process that was to do with the equivalent system which actually ensures that the rules which are governing the british banks who were doing business in europe similar to those in the e.u. they were given the long tal

the dax down by .2%. also had a relatively strong week.rms of what has been happening, this is the picture on the session. as you can see, we've got industrials and the auto section continuing to outperform, which is why we have seen out performance in germany today. real estate, travel, and leisure ringing up the rear. one stock we were talking about, is a session chart. it doesn't capture the cap, -- beingp, but cd projekt hit by the playstation decision. that was the impact on the store. earlier on a was down by around 19%. it has rallied a little bit, but nonetheless a big hit. want to wrap up with what is happening in other asset classes. brent positive on the week, positive on the session. we have seen a little bit of a turn of dollar strength today, which may tell you about the risk profile of the period we about to enter. again, this is a consensus trade. the dollar continues to go down. it does raise the possibility of a cyclical rally. today we've got euro-dollar at 102.29. brexit, imusic on little more negative today, it also i