The top of joe bidens agenda. His relations with beijing may differ in tone from the president but perhaps not in substance. The best the dollar extends its decline. Over the future of the u. S. Administration. Rise inie and the kiwi early asia trading. We are seeing those commodities and currencies benefit. Asia is waking up and getting the for the first reaction to president elect joe biden. The nikkei 225 to the upside by 0. 3 . These watching some of clean energy as well as infrastructure related stocks here in australia and new zealand. Joe biden preparing to take office as the 46 president of the United States. He is moving forward as president elect launching his transition ever and preparing a plan to tackle the coronavirus however, President Trump still refusing to concede while weighing more legal challenges. Mr. Biden the people of this nation have spoken. They are delivered as a clear and convincing victory. We the people. I pledge to be a president who seeks not to divide
Bidens agenda. He may have a different tone toward china but there may not be substance. Kiwi rise ind the early asia trading. At some ofke a look these early market reactions. Sophie kamaruddin in hong kong. Sophie we are seeing some risk on tone in australia. The aussie is extending last weeks gain as the greenback has stayed structurally quicker. Weaker. They could test that 650 level this week. The yen, the best week for the currency since midseptember. Softbank results are due this monday. We have nikkei futures in chicago moving to the upside. This after the benchmark rose to a november 1991 hi on friday. That was 37 off the alltime high that was back in 1989. New york crude is gaining ground but still staying under 38 per barrel there. Some pressure may come through in the oil. Is very much in focus after the chaotic week we saw in turkey. That is the Central Bank Governor fired there. Racing for more voluntary they are embracing more volatility there. Joe biden is projected to
Thought to be controlled by the Peoples Liberation army. And policymakers seem less likely to go down that route decide besides providing support for a long time. Shery lets take a look at how we are setting up an asian markets. Looks like trending a bit lower in sydney. U. S. Stocks really doing pretty taking overrallies adding to concerns about tougher lockdown measures with the existence of an effective vaccine. Downside about a quarter of 1 and that market along with new zealand looking pretty overheated after the recent run of gains. Continuing to push back expectations for negative rates. Chicago futures moderately positive at the moment. The yen seeing a little bit of a gain but we have seen a new daily record for Coronavirus Infections in japan this week. Authorities hinting they could need to take stronger measures to halt the increase in the spread. S p acted futures up by. 2 sessione active cash sank as much as 1. 5 overnight. Shery lets turn to our top story President Trump
Narrow their differences. Forecasters dont see a deal before the november 3 election. Well be speaking to the speaker of the house today. Ireland imposes some of the most draconian restrictions in europe. In the United States cases are soaring in battleground states. We are just two weeks ahead of the election. Very warm welcome to you. We just had numbers out from u. B. S. About 15 minutes ago. Manus cranny is interviewing ergio armanti. Manus will be back me with a preview. The interview will be airing on Bloomberg Television at 7 00 a. M. London time, 8 00 a. M. If youre across the continent. U. B. S. Income beat estimates. Were underway with the earnings season. U. B. S. Kicking off with the major banks. I want to show you the close yesterday in the Banking Sector in europe. They close up more than 6. We is that you read of course into u. B. S. The stoxx 600 bank closed spoup 9 . A strong start in europe for the financials. Lets take a look at what were pricing in this morning when
Ireland, so we are watching the pandemic on those fronts. It wealth story right now is the welsh story is the most serious clampdown. A circuit are being brought in with the hope and expectation that could be lifted after two weeks. Tom and on brexit, im thinking fishing rights. There is an update. It is the end of october, we are getting what is the brexit plan the rest of this week as we are all distracted in america . Anna it seems as if the u. K. Government is still waiting for concessions on the e. U. Side before jumping back in to any kind of talks. Sidewants to see the e. U. Actually verbally explicitly say they will concede something in order to get the talks restarted. We will see whether the e. U. Jumped at the chance or not. Tom we will get to the data in a moment. Futures up 18, a lift off what we saw yesterday afternoon. With first word news in new york city, here is ritika gupta. Ritika House Speaker nancy pelosi and treasury secretary Steven Mnuchin are drawing closer to