On whether to support the impeachment inquiry against President Trump. Lets get you started with a quick check of the markets. We are seeing u. S. Futures Holding Steady after the s p 500 closed at a record high, taking out its july alltime high. We had trade optimism with President Trump signaling the signing of a deal may be ahead of schedule. At the same time, a heavy week for earnings. More than 160 Companies Reporting this week, about a third of the s p 500 companies. 80 of the around 200 companies that reported have beat analyst estimates. We have tech and also communication stocks leading the s p 500. Today, the nasdaq gained 44th consecutive session. The Energy Sector weighing on the energy. Wti crude falling for five days after we have had signs of u. S. Stockpiles expanding. To see how things are shaping up for asia, sophie. Sophie the stock rallys look set to continue in asia. Aussie futures approaching record highs. Valuations in the region. Singaporeth korea and with a str
And the news app. Now on bbc news live to singapore for Asia Business report. Us stocks close at you record highs we look at what is causing the optimism. Virgin galactic on the stock market debut. Good morning asia, hello well, glad you could join us. Lets kick off the programme with the us stock market because on wall street, the snp 500 index close at a fresh record high overnight. Equities gained with optimism over the progress of the us china trade dock and the Federal Reserve is expected to cut Interest Rates again this week. We have had earnings from alphabetic, beyond meat and t mobile. Earlier i asked whether the trade talk and rate cut expectations were masking general wea knesses expectations were masking general weaknesses in corporate earnings . Certainly that is the case. We are seeing any deal possibly signed in november raising investors hope we will not see trade tensions dolled between before the end of the year. We will see these december 29 tariff hikes delay which
China signals a broad u. S. Trade deal is off the table. Talks pick up thursday in washington. Hsbc cuts deeper. Another 10,000 jobs will go at the bank. European operations are said to be the hardest hit. Activists in hong kong call for more protests today as the city recovers from one of its most violent weekends yet. Good morning. Matt good morning. Less than a halfhour from the start of european trading, looking at the futures, sorry, the 10 year yield to start off the week. This is a threeday chart. You can see thursday and friday there. We came down a bit on thursday, but we have not moved down much further today. We dont really have a great clue as to the direction equities are going to take at the open in just about 30 minutes time. Take a look at the futures trade. Thats also mixed this morning. 0. 2 . Dax futures gaining cac and ftse futures down this morning. U. S. Futures are also falling, and more seriously across the board. Daye it could be a risk off after markets starte
Sales and ism manufacturing data hits a decade low. We wait on fiat chryslers numbers. A two border solution . Boris johnson will present his brexit plane to the conservative Party Conference today and the eu with provisions for a timelimited irish backstop. Ireland called the deal a nonstarter. A race to the bottom. Shaking of the brokerage world. Good morning. Matt less than half hour away from the european open. Take a look at what happened yesterday. When that ism number came out, it really disappointed markets. Investors bought up treasuries, pushing the yield down. This is a threeday chart. We have recovered a little bit today. Moves a pretty substantial and you saw that in stocks as well. That negativity likely to carry through to european markets today if you look at the futures. You will see equity Index Futures across europe are down. Dax futures are off 0. 4 . Ftse futures are off more than 0. 5 . I will point out we are seeing gains in u. S. Futures still slight, but at lea
Shery take a look at how markets are trading at the moment. We saw u. S. Futures unchanged but the s p 500 gaining. 25 in this session. We had seen u. S. Stocks drifting throughout the session. Saw gains toward the end of the session. Not to mention that Energy Stocks were the biggest losers at the end of the session. Wti coming back under pressure again, down. 7 , and below that 60 a barrel level. We had banks also underperforming the broader markets. We saw the 10year yield pull lower toward 1. 8 . This, of course, ahead of the fed Rate Decision, and the fed Rate Decision coming out a time when we are seeing some turmoil in money markets. Take a look at this chart on the bloomberg showing you how the repo rate surged as much as 10 at one point. That took the red funds effective rate to 2. 25 the fed funds effective rate to 2. 25 . This coming at a time when we have seen wall street struggling to absorb that extra treasury debt coming on the market because of this increasing budget de