Australian government is slowing down. It is flat in the session. The jci and jakarta composite index just started off its trading day. Dollar index moving to the upside. Sterling is flat at the moment after gains. Those gains coming about after we got brexit talks being extended to the end of october. That is adding some optimism that may be a deal could be done after one of the chief eu sides comingid see close together at the end of last week. Crude oil and gold moving to the downside as we have limbo in regards to the fiscal package or stimulus package out of capitol hill. Lets have a look at what is going on in terms of the first word news as we get over to new york and join Karina Mitchell. Karina global coronavirus numbers continue to make headlines with the u. S. Reporting record infections for the second day in a row. The white house saying the administration is not going to control the crisis. the news comes as Vice President mike pences chief of staff tests positive. Withe h
Itsco prepares to make trading debut in riyadh. Reports say it is considering a secondary listing in asia. I want to get you to some breaking news out of new zealand. We have a fiscal update for you. They are cutting the Budget Surplus forecast. It now sees a budget deficit in 2019 and 2020. And smaller updates after that, specifically 943 million deficit. This is a previously forecast billion dollars. Returning to forecast the following years, but only just. Forecast was for 2. 1 billion. Growth of 2. 1 seeing a sharp wasward revision from what previously forecast as well. 2020 is an Election Year from new zealand, too. Just some headlines there. Thats get straight to the Market Action with Sophie Kamaruddin in hong kong. Sophie lets kick off with tokyo. Topix withand divergence. The end is Holding Steady. A bunch of event risk including the u. K. Election and the upcoming fed decision in hong kong with that tariffs deadline on sunday. A 10 year yield hovering around zero. Lets switch
Selassie. Gretasamberg tells says the future has been stolen by greed and arrogance. It is the monday trading which has concluded in the u. S. Lets get a quick reminder of how stocks ended the session. It was a welcome conclusion to see the stocks pretty much flat after a bit of a slump on friday. You can see the s p 500. 0. 1 , butu call down pretty much flat across the board. 2 gain, six points. Lets get things going. This market was a lot about numbers. U. S. , the services indexed stayed pretty good. It was in europe where germanys manufacturing purchasing inagers index went to 41 september, way below 50, in contraction territory. A lot of economists saying that is a recession signal. Indexro Bloomberg Euro is at its lowest since 2017. If you have been watching that as well, what about helping asian markets as they get underway . Sophie we will be hearing from a lot of policymakers across the region. Ahead of that, futures are looking mixed. Kiwi stocks swung to losses and hinting
Constructive. It needs funds to help reduce a crippling total debt of 130 billion. The streets of hong kong, demonstrators clashing with police for a 16th consecutive weekend. Shery lets get you started with a check of the markets. Seeing u. S. Futures gaining ground,. 5 . This after the s p 500 lost ground on friday. We have seen stocks higher throughout the session. The we got reports that chinese delegation in the u. S. Had canceled their visit to u. S. Farms. That led markets lower. We had trade sensitive stocks, like consumer stocks and tech, leading the declines. The nasdaq fell the most in over two weeks. After the close, we saw local media reports in china that the cancellation of those trips to u. S. Farms had nothing to do with trade negotiations. Perhaps risk on sentiment being felt across the market. Treasuries rallied throughout the week. 10 year yields now at the moment at 172 level. Lets see how things are shaping up in asia. Japan markets are closed on holiday, but the
More big spending. And drinks all around. Interest in an ipo. About a minute away from the launch of the spacex mission. The latest attempt last night was canceled because of Stormy Weather conditions. You are taking a look at the Spacex Dragon Cargo Carrier. This is being put on the falcon nine rocket and will launch from cape canaveral. This Cargo Carrier of moreing supplies than 5000 pounds. This launch has been canceled multiple times in the past because of Stormy Weather, but it it actually goes ahead, this will be the first time the same dragon has gone on a third trip to space. Very significant moment when it comes to the reusability of these rockets. And i believe this rocket as well has been used once before. It was going to be used. Esterday the count was aborted 29 seconds before liftoff. Here we go. Heres the count. 0. 3, 2, 1, it mission. Liftoff. Ignition. Liftoff. Paul the falcon nine rocket with that dragon capsule, on its third trip to the International Space station n