Good thursday morning to you. Welcome. Im Contessa Brewer in for Brian Sullivan looking at futures all up about. 15 or more in the futures that indicated open. Lets look at the treasury yield and look at the 10year is doing after that big fed decision wait a wasnt that big of a fed decision yesterday, was it yielding 1. 8 . In asia today, lets look at the hang seng, we are up 1. 3 . The nikkei up slightly the shanghai down a third a percentage point in europe, we are paying attention on the big vote. Will it be conservatives or labor . We are seeing in the green across the board up more than half a percentage point except in spain where we are just up 0. 4 looking at some of the top stories with rahel investors this morning are still digesting the comments from jay powell. The rates are on hold and signaled it doesnt plan to move in either direction in 2020. He said hed need to see a sustained base of inflation before they hike rates china regulators raised concerns with boeing on reli
Largest ipo but falls short of the 2 trillion target positive signs of a trade deal as President Trump says talks are moving along well and beijing says it will wave tariffs for some u. S. A agriculture al products. In a deal worth 3. 2 billion pounds for the Phoenix Group it is the last trading day of the week you can see behind me, there is a lot of green already in the european heat map. This is after the positive hand over from wall street. Some optimism again about those trade talks. New comments from President Trump saying the trade negotiations are on track and going well that gave a boost to wall street overnight as well, we are seeing positive momentum. Here on some reports from the Chinese Finance Ministry saying china are willing to make exemptions the narrative about trade has switched to positive again we still have a lot of green on the board. Stock 600 up about 0. 3 percent ant point. Despite the red we saw in asian markets, it has been a heavy week for Global Markets. T
Another record for alibaba on its 11th annual singles day as Worldwide Exchange begins right now. Nothing like a little guns n roses on a monday morning. Im dominic chu. Happy veterans day to all those who are serving and have served our great country. Heres how your money and the Global Markets setting up. The dow will open down today by just around 120 points at this stage. The s p off by about 12 and the nasdaq off by 42, as well. Taking a bit of a pause from the record runs. Stocks are coming off their third positive week in a row and the eighth record close of the year the bond market is closed for veterans day and that holiday banks, as well lets go now worldwide in the early trade for europe we are seeing the negativety carry over there the german dax off by 0. 3. Now, in asia red across the board as unrest in Hong Kong Hit a new level overnight. Cnbc own emily has the latest. Hong kong as weekend unrest rolls into the citywide protests on monday. Drops close to 3 with benchmark
Certainty around. Violent clashes grip hong kong as police and protesters engage at a fierce battle at the University Campus while a High Court Rules a ban on the use of face mask is constitutional. Saudi aram moe highly anticipated falling ipo. And spanish boris becomes the center of a bidding war as its a 2. 8 billion euro offer for the exchange moments after they confirm takeover talks. Tlok the program, happy monday the ministry of commerce in beijing said that telephone talks between chinese and u. S. Officials this weekend were, quote, constructive. They focussed on each sides concerns about a preliminary trade agreement. We all know thats a phase one deal the Ministry Said that u. S. Treasury secretary Steve Mnuchin and Robert Lighthouser requested the conversation with their chinese counterparts and both parties agree to stay in close contact. Reuters reported that the Trump Administration is expected to once more extend the ability of u. S. Companies that do business with Chin
Halt the incurson. And the deal of the woodford and he says he cannot accept the closure. Good morning another day. Another bit of brexit news sterling had a fivemonth high against the euro a divorce deal with the uk is possible this week speaking to reporters outside the conference center, barnier said it is time they turn their intentions into a legal text we are working hard and we just start now today, this work has been intense all along the weekend and yesterday because even if the agreement will be difficult, more and more difficult is still possible this week reaching an agreement is still possible obviously, any agreement must work for everyone, the all of the United Kingdom and the whole of the European Union. Let me add also that it is high time to turn good intentions into legal text. Willem, as you know, weve been in a situation almost nothing has happened in three years and then a lot has happened in just the last week we are seeing huge moves in. Let me show you on the f