futures are shaping up into the session >> well, joumanna, u.s. pointing to a strong start for wall street on the back of this news out of azozen kand university of oxford 70% efficacy on average for their vaccine. so we're looking at a positive start to trade to put this into context, last week we saw the tech heavy nasdaq outperform broader markets with the dow and the s&p 500 both broke a two-week win streak so ended the week lower the nasdaq edged 0.2% higher but overall, stabilization so we'll see how long this renewed optimism can last. but that's it from us today. i'm julianna tatelbaum. >> and you know what's great, it's a monday and we always get good vaccination news on monday. so we're starting off the week on a good foot thank you, julianna. i'm joumanna bercetche thank you for tuning into "street signs. stay with the channel because "worldwide exchange" is coming up in just a few moments stressballs gummies have ashwagandha, an herbal stress reliever that helps you turn the stressed life... into your best life. stress less and live mo

i'm joumanna bercetche >> and i'm julianna tatelbaum. these are your headlines european stocks follow asia into the green after china and 14 other nations sign the world's largest trade deal and a slew also supports market sentiment >> shares of bbva soar on its $11.6 billion deal on the top of the spanish 600. >> part of the solution. saying europe's banks have come a long way since the last crisis and the sector is key to the recovery >> translator: it is only with strong banks and strong capital market, europe can afford the means to fight the consequences of the europe pandemic >> for the first time president trump publicly admits joe biden won the election but refuses to concede. meeting with top vaccine makers as coronavirus cases across the u.s. top 11 million. >>> good morning, everybody. welcome to the start of a new trading week let's get you right into the market action. the hand over from asia was pretty positive. the nikkei and the highest level ever positive data coming out of china. industrial production beating expectatio

joumanna bercetche, how did the stock market in germany get shaken up?et to that in a second, but let me start with the broader picture. you can see a lot of green on the board. and in contrast with wall street, yesterday european market didn't have a good day, ending up in negative territory. but today it is a completely different picture. we're seeing airlines doing extremely well, travel stocks leading the charge we also have hospitality travel names all right at the top, ftse 100 you can see up about 1%. some energy names also doing quite well cac 40 in france also up almost 2% and cyclicals continue to see money pouring in and the dax in germany, up 0.9%, and they announced that they are expanding the index are from 30 chips to 40 chips and they will be introducing some new rules, new accountancy standards, and all of that will come into play in september of 2021 so not quite yet, but worth bearing in mind for the german index next year. big shakeup. >> i don't know if you heard earlier on in the show, because you wh you are wrapping up your own sho

the dow looking at nearly 350 point open just want to say, it's to wonderful to have joumanna back inn. her first "street signs" since maternity leave. >> great to be back. very busy week coming up. >> you picked a good week to return >> exactly >>> that is it for our show today. >> "worldwide exchange" is coming up next

and that could be problematic if you are looking to invest in some of them >> joumanna, that is an excellent question i think if you drill down to it, you have a couple things first of all, although the deficits as you say in emerging markets have widened, they have widened sicyclically they have not used it as aggressively as the u.s. or europe has which means that obviously the fallout this growth has been bigger it also means that monetary policy had to do a lot more work which is partly why you have seen this weakness in currencies and the steep curves but also means that if the vaccine is a successful story, if we have an organic catchup, these deficits will quickly decli decline. that is first. the second thing is to your point, investors have been worried about that the steepness is wide by historic standards some curves are extremely steep. credit spreads are a lot wider than even quality credit spreads in a developed economy so there is a risk brepremium to them and if you add the setup that u.s. rates will stay lower for longer despite the improvement in growth due to the new med p