10ly plans on spending billion euros a month. Biden uses his first call with Boris Johnson to reaffirm his support for the good friday agreements. A lot to talk about this morning. Under one hour until the start of the European Equity trading session, futures look flat. Ftse futures, dax futures, a bit of a mix. Yesterday europe was up strongly 1. 5 or more on the major markets by the close. We come into today with a continuation of themes of the previous day, selling out on tech, getting back to value. Lets get to u. S. Futures, looking more buoyant and having to do with what we did not see in the u. S. Session yesterday. Things are not as strong across the board. Nasdaq down by 0. 3 . U. S. Futures looking have we seen that rotation playing out in terms of the tech versus value story . It is in play in asia. It is inch deceit a japanese equity market doing well. See the interesting to japanese equity market doing well. Part of this has to do with what is going on in tech, a crackdown
Is about the two different candidates, two different approaches, stark yesterday with the president fired up in lansing, michigan. And the emotion of mr. Biden georgia, warm springs, which resonates with Franklin Delano roosevelt. I would suggest markets on the move, different than yesterday, yesterday less correlated and today a dramatic correlation. Notice the vix at a strong 36. Francine i think the focus is on these lockdowns, especially in europe, how harsh they could be and what that means for job losses. A lot of the european stocks are at the lowest in five months. We will have extra market checks today. Thats get to first word news with ritika gupta. Ritika President Trump appears resigned to waiting until after the election to get a coronavirus stimulus bill. The president told reporters he will get the best stimulus package you have ever seen. The white house claims nancy pelosi blames nancy pelosi for the delay. Nancy pelosi blames mitch mcconnell. Reluctant tore embrace a
1000 miles apart. Donald trump and joe biden fight for air in competing town halls. Americans had to the polls and 18 days. Boris johnson said to decide whether to ditch brexit trade talks. And daimler gets in gear. The carmaker reports a 3 billion 3 billion euro profit as cost cuts filter through. Just under an hour away from the start of cash trading. Car sales european out. They gained 1. 1 for the first nine months. Sales, upropean car for the first three quarters of the year. 1. 1 . Lets take a look at what is going on. European car registration, clearly 20 20 has been a tough year. One a look at what is going we have ftseutures filler cheers futures up 0. 8 . Tax futures gaining about 0. 5 . Futures the picture is more mixed. Showing a lot less sized. Futures are. Ractionally down futures flat. We have been more negative. Asian equity markets look seen looking mixed. Are we in a consolidation phase for setting ourselves up for some selling . You have the election coming. That is
Speaking to him later on in the hour, as well as Bracken Darrell. Lets get back to that leaderboard. U. S. Equities shaking off whatever tensions we do see within china. You have some positive news about the u. S. Buying some of its vaccine. You could see it tested as early as the end of the year. I do want to highlight the euro. Bid, very much soft. A bit here in the 10 year, but the 10 year real yield hit its lowest level since 2012. That means gold is also popping. We are going to break down that later on as well. Overarching story is the conflict between the u. S. And china recently heating up. The u. S. Ordering the closure of the consulate in houston. Eijing vowed to retaliate for more we are joined by state Department Reporter nick. What actually happened and what do we look for Going Forward . Big is that the u. S. Shut down chinas consulate in houston. It is unclear whether they believe specifically there was a great deal of espionage and intellectual property theft connected
Hotspot while infections in india rise at the fastest pace in asia. Zealandsnks new postvirus recovery. We are joined this hour by the rbnz governor, adrian or. Orr. Haidi lets take a quick look at markets. We saw that exuberance over the Moderna Vaccine progress really dissipate quickly. We saw the late session swing when it comes to trading in the u. S. As it has concerns over the efficacy data from moderna causing some concern. Take a look at the futures in asia. We are seeing downside when it comes to futures trading in japan, australia, and hong kong, although we are looking at a little bit more of a positive open when it comes to trading on the mainland, and just also keeping an eye when it comes to Energy Markets as well given that we are starting to see backwardation between that june and july contract for the wti, suggesting some of the storage issues have started to ease. Lets take a deeper look at the markets. Investors are increasingly debating whether the broader stock mar