Classes. Pricee the new york crude under pressure. We have this key meeting taking place of opec plus today and tomorrow. The gold price at the moment is showing weakness. Buy yourself finance. Bitcoin is erasing some of the 9 . Es by going up nearly lets look at the other first word news headlines. Lets join karina mitchell. Karina bloomberg has learned readingna the latest on chinas economy shows recovery is getting momentum. Manufacturing and services, pmi data both beat estimations. In aty performance came 52. 1. The economy is gaining strength despite sporadic epics of covid19. Bloomberg has learned chinese regulatory officials have said that the chances of jack mas stockoup revising its are looking slim. They are still reviewing changes needed to appease regulators. An additional delay would be a setback for ma. Has big dollars the fight to overturn his election will not reach the supreme court. He told fox it is hard to send a case there and he probably wont succeed. He rehashed
Elusive. And suppose he says the house is. Transformed samsung into a global tech giant has died. Paul lets take a look at the markets right now. The asx in australia has just opened for trade at the start of the new week. We do have a staggered open. Pretty hard to get a bead on things. Pretty flat at the moment. We are waiting for cocacola to open on the news of this deal that the European Partners are moving to acquire the Company Valued at 9. 3 billion to underscore some of the consolidation going on. The aussie dollar holding a threeyear gain as the u. S. Stimulus talks continue to drag on. U. S. Futures looking a little weaker as well as nancy pelosi and mark meadows but he might accuse each other of quote, moving the goal post. Nikkei futures are pointing weaker as well. That is going to be a busy earnings week in japan. Starting off with kanaan reporting today with cannon reporting today. Lets start off with china at where the leaders are gathering in beijing to map out the fiv
Facing. Really reminiscent of that merce outbreak in 2015. We saw that 10 billion extra stimulus package back then. Because of this, we are seeing the markets under pressure, but one exchange that im watching is small caps in china. Actually at the highest level since october 2016. We have seen those pboc Monetary Policy measures. Not to mention more news that china could be taking over a hardhit industry. Lets get a broader check of the markets with Sarah Ponczek. Pretty much Everything Else is now trading in the green as the trading session does progress. We have seen markets turn lower under further pressure. 0. 2 but still on track for its best week since june. The hang seng now down 1 . Many times this week we have seen the benchmark approach 50 day moving average, but we have seen it fail as we have seen today. The nikkei roughly flat, but modestly lower. After trading as high as a half percent early on. Then we see the south korean kospi and underperform her across the region on
The outbreak has risen to 130. And g20 finance ministers and central bankers brace for the economic fallout. Lets take a look at the markets. We had u. S. Markets closing. Eaker on friday we have new zealand trading at the moment. Its looking weaker at the moment by two thirds of 1 . Half income declining to 185. 8 million. The yen is gaining a little bit of strength against the greenback over the past 24 hours. But the u. S. Dollar is still looking pretty strong. The World Health Organization says no new countries reported of the coronavirus. We have yvonne man in hong kong covering this story for us. South korea was among the nations performing during the search. What is the focus . , it seems that the focus is to prevent a Global Pandemic outside of china. To six. H toll rising total cases topping 600. As you mentioned a 20 fold increase in five days and half of those cases seem to be tied to this religious group where had infected all patients in a Psychiatric Hospital after attend
Around 0. 4 . Take a look at what is happening in the rates market. 1. 74 year yield on the 10 year. That steepening we started to get off of the fed meeting yesterday on the twos and tens continues. Still seeing some flattening and other areas of the curve right now, but you are getting some good news here. , holding aboveed the 1500 an ounce level for the second day in a row. Thank stocks over in europe are leading the charge bank stocks over in europe are leading the charge, not quite leading the charge here. Rising,bank index seeing a lot of strength despite the expectations with regard to fed rates here. A lot of folks saying things wont turn out as bad. Maybe a little bit of flight back into financials. Central bank is absently front and central, so waiting to see the impact of the feds second straight rate cut and all of those other Monetary Policy decisions weve had around the world. Weve been watching every thing from indonesia to switzerland to the bank of england. A whole ra