Given access to voting locations. A review of ballots counted while his team were not president. The president saying he would sue to prevent the election from being stolen. The u. S. Has officially left the Paris Climate Accord, even with the full Election Results still unclear. President trump initiating the process a year ago. The exit took effect wednesday. Trump would be likely to spend a second term promoting fossil fuels and rolling back environmental regulations. Joe biden will rejoin the Paris Agreement immediately if he wins. In the u. K. , the house of commons voted in favor for a new lockdown in england. That as reported Coronavirus Infections continue to search. All nonessential businesses, venues, and stores will close until the second of december. The u. K. Has europes highest number of deaths at more than 47,000. Boris johnson warned of a mortality on a previous scale. Thats a look at the first word headlines. No problem, equity markets are on the up. Asia tracking the
Tiffany. Stock has been rising in the green market ahead of the open. Paul lets get a check on how were doing on the markets at the moment. Weve had new zealand trading for a little while now. Looking higher by about, there you go, about a third of 1 giving up some of the earlier gains. We saw a very good trading major in the u. S. , all ndexes higher, small caps as well. 1 . Australia, up. 1 of bear in mind with australia, we here. Staggered open still performing well after up 2. 5 . s gains westpac. Ting for brian, the day, c. E. O. Buckling to what analysts saw as the inevitable and down in the wake of these Money Laundering llegations from one of the countrys regulators, 23 million separate breaches. His sword and n bringing forward his retirement 20192020 st half of as well. Trading t of chicago flat, similar story despite i ns that we have seen as mentioned fueled by trade shery. M, shery the u. S. Dollar strengthening broadly on the trajectory d the next year will be a result of
Regionally, we are seeing stocks. Ome off threeyear lows thailand, just coming online, up by 9 10 of 1 . Its a bit of a combination of two things to disappointing gdp. Oming out of tokyo also the topics in particular, the automakers. We are seeing strong gains in the energy space. We had that 11 surge on friday, which drove gains across u. S. And european markets. We are also seeing milk producers, the likes of frontera, joining games after those numbers out of china came in better than expected. We have had the really disappointing read on china trade numbers. About 0. 5 . Down by this as valuations continue to be high, in particular in comparison to the rest of the emerging markets, and also the divergence between hong kong and widesti stocks, the since about 2009. That is driving gains in hong kong and the selloff on the mainland. Shery a day of dramatic headlines with china dominating the news. We are going to take a look at the pbocs comments on the yuan. First, i want to bring in
In credit and money supply, Chinas Central Bank has given another indication that would that it will hold off on any major stimulus. Live today from beijing. Scott, what does this say about the state of chinas economy . Not going toere see any big bang in stimulus these days. We are also not going to see any major pullback just yet. The economy grew at 7. 5 in the Second Quarter. The forecasts are that it is going to stay close to that rate for the rest of the year. We have heard these kinds of warnings before, but it is interesting coming directly from the central bank, which obviously should have a handle on the situation. A secondquarter Monetary Policy report. How does this one compare with the previous statements we have from the pboc . Actually, back in november, they issued a report, another quarterly Monetary Policy report and said it is going to be a longterm deal averaging in chinas economy. Not repeatedually that phrase since then and i dont believe it was in the latest repo
Bloomberg Singapore’s central bank said a resurgence in global food and oil prices could increase pressure on monetary authorities globally to further tighten their policies. “There are nascent supply-side sources of fresh price pressures” as oil skirts close to US$100 a barrel, the Monetary Authority of Singapore (MAS) said in its biannual macroeconomic review published