Washington ramps up pressure on beijing. Goldman sachs raises billions for a new fund to focus on private equity. The move comes amid rising interest in secondary investing. Haidi lets look at what the day has in store at the sydney open. We are expected a muted start to trading in asia after downward pressure coming from the u. S. Session overnight. Restrictions continue to take place to curb the the Coronavirus Spread we are starting to see accelerate again, even as we get further good news on the vaccine front. Trading marginal. The u. S. Dollar held to the lowest we have seen since april 2018. We are also seeing the aussie dollar on the back foot. Nikkei futures look like they will see a muted start to trading. Shery lets get started with good news on the vaccine front. Pfizer says final Data Analysis shows its covid shot is 95 effective. The ceo of its german partner told bloomberg about plans for mass production. Our goal is to supply up to 50 million doses by 2020 which andd go
Alibaba. Single day after a scorching start as consumers around the world look for bargains. Kathleen lets get to u. S. Stocks and how they ended. You can see the gains on the board are not large. However, go straight to the middle line, thats the s p 500. Another alltime high. 3093. It was a week of dueling trade headlines as chinas Commerce Department and white house Economic Advisor said yes, a phase i deal will involve a phase in tariffs. Tech stocks gains as well. Anything that is good for a trade deal. Global growth certainly helps. Tech shares, the nasdaq closing at another alltime high. 8475. What is interesting is on saturday, President Trump went out of his way to say wait a minute, i have not said yet anything about tariffs. Im not going to get rid of all tariffs. He did not say he would phase in some tariffs reductions. I think he is trained to tell us the deal is not sealed. Im the final say on what is going to happen. We will see how the markets deal with that today. At t
Strongly disagree with fitchs decision, and i believe it is entirely unwarranted. Its flawed assessment is based on outdated data, and fails to reflect improvements across a range of indicators, including those related to governance that weve seen over the past 2. 5 years. That weve seen over the past 25 yeas that weve seen over the past 2. 5 ears. ,. , , 2. 5 years. Other democrats used the downgrade 2. 5 years. Other democrats used the downgrade as 2. 5 years. Other democrats used the downgrade as an 2. 5 years. Other democrats used the downgrade as an opportunityi the downgrade as an opportunity to point the finger at republicans. While Republicans Blamejoe Biden and democrats for trillions of dollars in new spending. Many economists dismiss the downgrade, Includingjp Morgan dismiss the downgrade, including Jp Morgan Chase ceo who called it ridiculous and said that the decision ultimately didnt really matter. And he may not be wrong. Us treasurers, that is government ious, remain th
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