Djokovic has world number one Nadal in his sights at London finale

Djokovic has world number one Nadal in his sights at London finale Djokovic has world number one Nadal in his sights at London finale

By Martyn Herman

LONDON (Reuters) – If Novak Djokovic is to claim the year-end number ranking for a record-equaling sixth time he will have to do it the hard way at the ATP Finals next week in London.

The Serb was knocked off top spot by Rafael Nadal on Monday despite winning the Paris Masters last week and will need a strong finish alongside the River Thames to snatch it back.

Only Pete Sampras has finished a year on top six times and Djokovic’s hopes of emulating the American are not in his own hands with Nadal leading by 640 points heading to the climax.

Nadal, 33, is bidding to become the ATP’s oldest year-end number but with 200 points awarded for round-robin wins, 400 for a semi-final win and 500 for winning the final the door is still ajar for Djokovic to deny him.

Spaniard Nadal has often struggled physically in London and pulled out of his Paris Masters semi-final against Denis Shapovalov last week citing an abdominal issue when victory would have put him virtually out of reach.

He intends to play in London having been drawn in a round-robin group alongside 2018 ATP Finals champion Alexander Zverev and debutants Daniil Medvedev and Stefanos Tsitsipas.

If Nadal fails to win a round-robin match, Djokovic would still need to win two group matches and reach the final to dislodge him. Djokovic will also finish the year as number one by winning the title, providing Nadal does not reach the semis.

Djokovic faces a tough group though, with six-time champion Roger Federer, French Open runner-up Dominic Thiem and Italian Matteo Berrettini, the third newcomer in this year’s event, who he will play in Sunday’s opening singles.

“It’s an extremely difficult task considering who my opponents are going to be,” Australian Open and Wimbledon champion Djokovic said.

“As a consequence, if I manage to get the year-end number one, that would be fantastic. It is a motivation and a goal every day.”

Federer, ranked third, will be a particularly dangerous obstacle for Djokovic even if he has not added to his ATP Finals title haul since winning in 2011.

The Swiss, who has a record 57 match wins at the event, bowed out to Zverev in the semi-finals last year but continues to defy the passing years at the age of 38.

Last month he claimed the Swiss indoor title without dropping a set. It was his fourth title in 2019, during which he lost an epic Wimbledon final to Djokovic having held match points.

The penultimate ATP Finals in London, before it moves to Turin, has a fresh look this year.

Russian counter-puncher Medvedev has enjoyed an incredible breakthrough year and of the three debutants he looks the most likely to challenge for the title.

He leads the charts in terms of match wins (59) and finals reached (9) and against Nadal in a sensational U.S. Open final proved he has the personality to go toe-to-toe with the giants.

For the fourth successive year there are eight different nations represented in the singles while half of the singles field are aged 23 or under. The new wave is arriving, but Djokovic still has unfinished business.

Colombian duo Juan Sebastian Cabal and Robert Farah will lead the doubles event having already clinched the year-end number one ranking and will be seeking a London double after winning this year’s Wimbledon crown.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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Sports and General News

US considering scheduling Trump-Xi meeting after NATO summit in London

Are the details worked out?

I am not suggesting that Phase I of the US/China trade deal is in jeopardy but the focus from the White House is on the when and the place.  I wonder if the horse is getting in front of the cart?.  This was suggested by CNBC’s Kayla Tausche. 

A senior administration official is now on the newswires saying that the US is considering scheduling the Trump/Xi meeting to sign the interim US/China trade deal after the NATO summit in London scheduled for December 3. They add no decision yet has been made.  

This idea was suggested by CNBC’s Kayla Tausche, but is now being released by the White House. 

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NZD traders – heads up for the GDT dairy auction coming up Tuesday London time

On Tuesday 19th February from around midday London time, GlobalDairyTrade (yep, spelt without spaces) auction.

Recent results … prices uncowed by developments, bidders herding higher:

GlobalDairyTrade auction resultsFor tonight …

Westpac:

  • priced by futures to result in another gain in whole milk powder prices

ASB looking for higher WMP also:

  • Two weeks ago whole milk powder (WMP) prices jumped by over 8%, and a similar result appears likely this auction
  • At the current juncture, futures pricing suggests WMP prices will rise by over 6%. We take this indicator at face value, particularly as key Chinese buyers return to the market after their New Year holidays.

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London remains top destination for European tech funding

© Reuters. FILE PHOTO: Man holds laptop computer as cyber code is projected on him in this illustration picture © Reuters. FILE PHOTO: Man holds laptop computer as cyber code is projected on him in this illustration picture

By Kate Holton

LONDON (Reuters) – London remained the top destination in Europe for technology investment in 2018, with nearly double the amount being plowed into companies in the British capital than nearest rival Berlin, data showed on Wednesday.

Technology companies in London attracted 1.8 billion pounds ($ 2.3 billion) in venture capital funding, 72 percent of the total 2.5 billion pounds raised by UK tech businesses, according to data from funding database PitchBook on behalf of the Mayor of London.

Eileen Burbidge, a partner at venture capital firm Passion Capital, said London was the leading hub for financial technology thanks to its position as one of the world’s biggest financial centers, while its universities helped to create companies offering artificial intelligence (AI).

"We get a lot of calls and inquiries from investors in the U.S. and Asia looking for fintech opportunities," she told Reuters. "In fintech, AI and a few other sectors such as life sciences and robotics, London genuinely leads the world."

London’s tech sector and its mayor, Sadiq Khan, have warned that Britain’s departure from the European Union could damage its appeal. However, Burbidge said there was no sign of this happening yet, beyond companies asking many more questions when looking to hire from abroad.

The data from PitchBook showed that both Berlin and Paris gained ground against London in the race for funds across Europe, and that London failed to match the record levels it attracted in 2017, but the gap still remained significant.

Berlin attracted 937 million pounds of investment in 2018, almost double the previous year’s total, while 797 million pounds went to tech groups in Paris as President Emmanuel Macron stepped up his promotion of the country.

In Britain as a whole, investment in AI rose 47 percent to 736 million pounds while 1.2 billion pounds went into the booming fintech sector and companies such as digital banks Revolut and Monzo.

Total venture capital funding in European tech slipped slightly in 2018, with 10.44 billion pounds raised, against 10.47 billion pounds in 2017.

($ 1 = 0.7848 pounds)

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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USD/JPY climbs above 114.00 in third day of gains ahead of the London fix

USD/JPY up 20 pips

The US dollar continues to be in demand.

A fresh bid ahead of the London fix boosted it above 114.00 for the first time since November 13.

It’s now approaching a minor descending trendline and the November high of 114.21.

For me, I’d be more inclined to watch the clock. Yesterday’s USD-buying ended after the London close.

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