To the upside. Other news coming through about approvals for future houses as well. The asx up 119 points. Thats move along and look at other Asset Classes. Crude trading yesterday with a 33 handle, hasnt had a huge rally since then. Part of that is down to russia and opec looking like they will not be hiking reduction in january. That news helping to propel oil prices up to over 97 in the last six hours or so. ,old remaining where it was just shy of the 1900 level. Thats ahead of the u. S. Election. The u. S. Dollar index marginally down, the Rate Decision coming expecting a 0. 15 cut in the base rate and we do have in anticipation of all that move slightly higher than that, and thats down to a commodity related currency and the crude price helping that along. Lets head over to new york and join karina mitchell. We start with the latest headlines on the pandemic. Starling fell to its weakest in the month, with an economy already reeling from similar measures earlier this year. France
Energy is interesting because energy looks to be fairly red. Tried to stay independent. All in all, that is a positive industrials also being bought this morning. Move but now he is doing another not a very clear message coming from the sectors. What do we see in the movers . Move because he holds himself out of the election and that is the best he could do with the moment. No doubt we will see some moves our colleagues based on that. And we are getting gdp running that powell will need a figures out. Horror show to cut again. Third quarter gdp in spain is it your expectation that we do not get a recession, there is expanding 0. 4 . That matches the estimate but so no longer any need for rate you know gdp in spain is up 2 cuts . Momenti would say at the from a year earlier. There is no recession, the ,umbers do not sure recession. 4 as a month over month european thing. The way the americans do it is but he makes clear in his speech yearoveryear numbers. If something happens, that is n
For republicans, the house passed gop bill to overcall the nations tax code, mike pence praised the move. America has momentum. People at the Tax Foundation in order to turn this momentum into sustained Economic Growth you know theres one more policy more important than anything else. Donald trump and i will be fighting every day to pass the largest tax cut in American History and we will do it is your. Maria the Senate Finance committee voted in favor of its own bill, lawmakers facing an uphill battle, the full senate expected to vote on the bill a week from monday. The house built didnt stop surging, indicating a full back at the opening of trading after triple digit move yesterday, the industrials opening 30 points, fractional bill, nasdaq is up by a fraction. Donald trump tweeting on passage saying great numbers on stocks and the economy if we get tax cut and reform, we will see Great Results in europe major averages look like this, it is a mixed story. The s p down a fraction, the
Wow, not that many. The reason i ask is because i guess according to a new study, americans are not eating anywhere near as much cereal. Everything else were eating a lot more of but not cereal. Since 2009 sales of Breakfast Cereals are down 17 . In the Breakfast World types are tough. The rabbit from trix is now turning them. Part of the reason is because it means they have to wash a bowl. For real, tha dont forget the spoon. Wouldnt you be embarrassed to admit thats why you dont eat cereal . Maybe we should put the cereal in a trough by the door, stick our heads in it as we go out to work like horses or something. I used to love cereal, Checking Account chocula, fruity pebbles. I find this news kind of depressing. Although im not entirely sure why. The cereal was never really breakfast, so much as it was a would just stick with marshmallows and get rid of those stupid little oat pieces or whatever [ cheers and applause ] to you eat cereal . Guillermo no, oatmeal. Jimmy when you were
A soft feel for a lot of these markets. Futures at the moment, 15 points on the dow. In europe, the dax down by 1. 4 ine point force the red. A break below 1. 07 for the first time in a team as per this is the kuroda pain train. Another four percentage point spirit as the dollar weakness kicks in, it is another weak dollar, sinking to another 11 month low. A weaker dollar, commodities go higher. That is intact. A lot to break down in this market ahead of those earnings across the oil majors. But now lets get to breaking news. I roe v is going to buy have the roe v stock appear over the last year. Let me throw up tivo here. To see just how it is done over the past year. It has come down over the past year, but it will surely rise today because it is trading right now for 9. 42, and it is 70 g offered for 10 10. 70. Pampers ofeenex, the whatever you call these settop boxes. Lets look at the shares in europe. Was onceell after what the most profitable carmaker in the world reported a loss