To the upside. Other news coming through about approvals for future houses as well. The asx up 119 points. Thats move along and look at other Asset Classes. Crude trading yesterday with a 33 handle, hasnt had a huge rally since then. Part of that is down to russia and opec looking like they will not be hiking reduction in january. That news helping to propel oil prices up to over 97 in the last six hours or so. ,old remaining where it was just shy of the 1900 level. Thats ahead of the u. S. Election. The u. S. Dollar index marginally down, the Rate Decision coming expecting a 0. 15 cut in the base rate and we do have in anticipation of all that move slightly higher than that, and thats down to a commodity related currency and the crude price helping that along. Lets head over to new york and join karina mitchell. We start with the latest headlines on the pandemic. Starling fell to its weakest in the month, with an economy already reeling from similar measures earlier this year. France
Celebrates and armenians protest, russian peacekeepers deployed as part of a cease fire deal to end the fighting. And theyre going to care about clashes on the streets of lima. Following the swearing in of a new Program President and the palestinians lose their chief negotiator who died in weeks off to contract to the us president elect. Joe biden has called Donald Trumps refusal to concede the president ial election an embarrassment, but biden says nothing will stop the transfer of power in january. Thats despite the trump administration, reportedly refusing to assist the president elects transition team. Alan fischer reports from washington d. C. Well, donald trump is keeping a low profile, joe biden is putting himself front and center. This was an event to discuss the Affordable Care act, but the president elect questions on other topics and he had a message to the man he replaced. And his refusal to accept the result. I just think its an embarrassment. Great, frankly. The only thin
For a september quarter. There are also concerns about the ant ipo fallout. And america awaits the outcome of the president ial election, seven states now holding the keys to the white house. Wisconsin heads to a recount and others face challenges in court. Foropen here in sydney friday trading in asian markets, we have seen an eerie calm and trading across equity markets, and globally, on expectations that policy gridlock will me know extreme measures when it comes to the tax front being taken and more status quote when it comes to the visible markets. We are up. 2 when it comes to sydney, the in aussie dollar and commoditieslinked currencies it particularly well. We have the u. S. Dollar fall to its lowest in two years. The nikkei 225, we expect weakness going into the open but we have japanese stocks trading in the green every day of the week. Also watching the yen, but interestingly, as an election respirometer, we continue to watch price action in china as well as volatility in ch
Farewell to seibert account, the chief palestinian negotiator who died on tuesday night. So theres been an explosion at an event, attended by western diplomats and other foreign citizens in saudi arabia and hit a cemetery in the city of jeddah during a remembered state ceremony. The 11th of november, marking the end of the 1st world war, there are reports of several people being injured. The latest with Natasha Butler whos following this one in paris and sasha. Yes, weve had a statement now, a joint statement from several countries. France, the u. K. The us, greece and italy, their embassies, are put out a statement condemning what they call a cowardly attack. Now they are some of the countries that were represented during this Remembrance Day ceremony that took place in jeddah at this cemetery for non muslims. It is armistice day. It is the day that marks the end of world war one. What happened was an explosive device went off during that ceremony. We understand that several people we
Lisa is off today. Jonathan look at the goldman note, tom. Go over that. Tom roaring 20s from goldmansachs. J. P. Morgan talking about market nirvana. Lets look at where future are right now. S p 500 futures this morning, kind of chopping around. Positive. 7 of 1 . But here we are at 3567 and ldman coming out, tom, for 2020. Lut lets go with the year end 2021. 4300. 16 upside through 21. In addition to the upside in the year end. Jonathan again, its everybody readjusting hearing, yeah, its a vaccine and i know he likes the value and e. S. G. Its got to be more than the edical news. Jonathan a vaccine is a more Important Development for the economy and markets from the perspective policy of a biden presidency. This is historic for the market right now. We talked about it reapedly, this market is living in the ackhand of the 2021. The deterioration of the covid cases and a contested election down in washington, d. C. That has not been resolved yet and a senate race that has not been reso