Changing condition. Futures point higher in sydney and tokyo. The yen holding back. Almost everybody is softbank thinks the group taking a Group Private is a bad idea. We will look about the chances of such moves actually happening. Lets take a look at how we are kicking off trading in sydney. It is a public holiday. But we do still have the cash 4 in thep about 0. First two minutes. This comes on a busy week for australian traders. The budget where we are expecting to see assumptions made about a vaccine becoming available and we are also getting a report that is trillion is set to further lift that that australia is such a for the lift that debt ceiling with 4 billion u. S. Dollars with the debt ceiling being lifted higher to 1. 1 trillion. Looking at the aussie dollar ahead of the all be a. We are expecting no change. Markets are significantly pricing and now another rate cut. Before the end of the year. Dollar trading at 71. 67. In new zealand, two weeks out from the election. Kiwi
Between an unfilled gap 3259. That gap needs to be filled with some bullish moments. As you know, we are well above 250 100 day moving average. As you said, those smallcap stocks, big performers. Really beaten up so far. Finally getting we are out with earnings as well. One that you and i have been. Secondquarter revenue seems to eat gnificant significant beat. Revenue coming in at about three and one quarter billion dollars. The Forward Guidance looks strong. That might be why shares are up. And to why the Forward Guidance looks higher, what divisions within that is this are showing strength. That busyness are showing strength. Caroline the companys conservative forecast could add to the fact that it is likely to beat overall. Worried about the global auto sector, industrial gear shipments. The is a notable beat for second and Third Quarter. Maxim last week saying they will be teaming up to take on the likes of texas instruments. Revenue for the Third Quarter looking pretty strong for
Trade in the next year or two. We want to run through the closing numbers here. Looks like we will settle in around 2798 on s p 500. 100 right around 86. 64. It was a pretty broadbased rally. Chipotle,erest pinterest, waiting for more that could give us more guidance on what to expect with regards to the potential gain for equities. Scarlet we are waiting for earnings out of a Railroad Company, but at looking at trading volume, it is a broadbased event. It is interesting on the big updates, we are not getting the level of participation you might expect. There are people waiting if the bottom has put in here. There is a lot of momentum towards figuring out when the economy will reopen, how it will be open by the treasury secretary todd public he about the getting everything reopened by the end of the summer. I think sometime in august . Yeah. We should point now, we are getting news crossing the wire with regards to the covid19 cases in the u. S. They rose to 3. 1 , however, that is bel