Will talk about this later on, but seems like europe is edging one step closer to that 1. 8 trillion euro recovery fund, which would be huge, particularly as the u. S. Cant get it on stimulus. So huge that the euro barely budgets. [laughter] alix it could be worse. Guy it is big news, but i think there was belief in the market that this is a done deal, and europe will ultimately come to the right conclusion and make the stimulus happen, 1. 8 trillion euros. So i think the market had already priced this one. As you can see, unchanged on eurodollar on the back of that. We are getting the jobs data coming through. 6. 43 islittle light, the number. 6. 5 was the expectation. Actually, the prior number devised down a little bit as well. So maybe a little bit of softer data coming through, but the market doesnt care. The market is looking through the virus. All of the bad virus news, you can put that in the rearview mirror. That certainly seems to be the sentiment right now. Lets dig around w
Three virus levels. Investors are not buying the idea that the sectors prices have finally passed. The Company Behind k pop sensation bts prepares to take the stage in seoul. Big hit hopes to be a big hit on the korean stock exchange. Paul markets are just opened here in sydney. For a look at whats going on, lets go to sophie. Sophie sydney stocks gain ground. 1 , resuming the advanced after stalling and to retreat from a march i on wednesday. We have the likes of bhp and providing a boost while banks are under pressure and focus is on the rba governors speech in which he signaled the desire for more state funding while indicating that there will be a lower for longer rate environment, likely to see further easing ports 10 basis points, also indicating there will not be rate hikes for at least three years unless there is more sustained progress on jobs and inflation. Those remarks did see pressure come through on the aussie dollar, seeing an earlier push. Flipping the board to check in
Those arrive in london today, and the pound appears to gain after jumping to a sixweek high. This is surveillance. Eldinusef gamal in dubai. Toew fiscal stimulus impact mitigate the impact of the coronavirus. Reflecting that degree of caution, a little bit lower at the moment for the s p 500. At the same time, european stocks are falling for a fourth straight day. What is happening in the states is the bund rally is likely to pick up momentum again as the focus shifts away from global input to some of the deteriorating domestic fundamentals. Think along the lines of the german confidence data we got, the yields near the sevenmonth lows we had. Benefiting from the larger dollar risk aversion. It is very much strengthening over the past month, and at the goldt, the philadelphia and silver index up about 1. 4 . Lets check in on the first word headlines for you and toss it out to leighann gerrans. Hi, leighann. Leighann good morning, yousef. Growing signs an agreement is insight. Negotiati
Iran and russia are attempting to interfere with the president ial election. They say theres no hacking involved. There are 12 days left until the vote. Spain is the first nation in western europe with one million virus cases. Rome considers implementing a nightly curfew. It comes as u. S. Hospitalizations reach a two month high. German cases jump to a new daily record of more than 12,000. The pound surges the most in six months as the u. K. And European Union resume talks over post trex it trade deal a week after Boris Johnson threatens to walk away. Negotiators arrive in london today. Anna lets get to some breaking news. Corporate reporting. Lets talk about some numbers from unilever. Third quarter underlying sales up by 4. 4 . Increase of 1. 8 . That looks to be better than in then has been anticipated. An estimate of an increase of over one. On pricing, things are weaker. The pricing comes in below estimates. Topline takeaway, sales have been beaten estimates. They are talking abou
Plus, what could be more fun than insurance seriously. This is an interesting situation. Its captivating when captain coe explains how options action starts right now. U. S. Markets rallied for a strong week, but the start master and mike sa there is value to be found across the pacific what are you looking at in japan . Before we get to the charts, what we know is yeartodate, the nikkei is virtually unchanged. The s p is up 8 . First, taiwan versus korea so instead of using the Taiwan Stock Exchange index or the kospi, were using the ewt for taiwan and ewy for korea they are literally neck and neck. Its a perfect set of parallel lines. Now, add in japan, ewz, the i shares for japan. Here you see the divergence. If i were to include the spy, it would look identical which is to say these are all in dollars so we have adjusted out for the currency that comparative chart is the opportunity, japan lagging. And so take a look now at the individual i shares thems seelv. First ewt. Ive circle