Prices decline. The asx down nearly 1 . We dont have trading in india either because it is mahatma publics birthday, a holiday. Futures are trading on the nifty in singapore down zero point 3 . The 10 year yield slipping back as anticipated. A slight move to the downside with regard to the futures contracts. You see the currencies and weakness creeping in into the dollar overnight. We have seen a reversal of that this morning. You have the yen a tad weaker. Sterling had rebounded to 1. 29. Seenis after we have brexitinduced losses. The aussie dollar unchanged. Haslinda lets get the first word headlines. Top white house aide hope hicks has tested positive for covid19. She traveled with President Trump on air force one to tuesdays debate in cleveland. The president says there is no indication he contracted the virus. Tested positive, National Security advisor robert obrien. He has spent as much time with the president as hicks has. Coronavirus infections continue to surge with the new yo
Election delay. Another wave, the u. K. In france report record daily virus cases. Good morning. Session volatile yesterday on wall street. Action, s p 500 futures are in the green. Flat on the year on the index. Alongside 50 up 0. 5 asian equities. Dollar index had a firm week, little change this morning, but we are up or the 1 , biggest weekly gain since april for the dollar. Nymex crude getting a lift, 40 a barrel. U. S. Equities, a volatile session fluctuated yesterday erasing this years gains briefly. The jobs data disappointed on top of stimulus talks. Dani burger is digging into it for us. Dani anyone trading yesterday is suffering from whiplash. We did get the s p 500 erasing yeartodate gains, and today it 0. 5 , unclear whether we will get that are not. We had converging forces between hopes for forces, poor jobs numbers, and new housing data that was optimistic. Thing that might comfort about what we saw yesterday, we are getting close to a correction. We need to drop 0. 8 on
Bloomberg sheells will not take the path of least resistance. Dampenssystem fault hopes of japan replacing china as asias trading leader. U. S. Futures opening the session pretty flat. We sought u. S. Stocks gaining ground in the regular session, but this after a volatile session. Their hopes for another round of stimulus measures. We have a house voting on the democratic relief package they are tonight. Watch out for that. The s p 500 gaining ground. Most sectors closed higher. The nasdaq gaining more than 1 . We had a mixed sure when it came to the jobless claims. Are on the u. S. Jobs report tomorrow which is the last one before the president ial election. We have the dollar losing ground as we saw demand fading. Look at the bti. Wti. We saw pressure as it will to over a twoweek low. An unexpected return of libyan output that putting pressure on prices. Here is sophie in hong kong. After the volatile session on wall street, we might see a muted day here in asia with india joining th
Official cash rate being kept on hold, 0. 25 . They are prepared to provide additional stimulus. Just keeping you crossing these additional lines coming through. Monetary policy needs to support the economy for a long time. The economic recovery is on track. The funding may be ready before the end of the year. There is progress being made on additional monetary calls. There has been a rise in unemployment and an increase in firm closures. These lines crossing the terminal now. They kept that cash rate on hold as expected. Just keeping calm and carry on. You mentioned that november review of the Monetary Policy tool. A lot of questions that they will deploy are negative Interest Rates. This is what the market seems to be pricing in. You see that new zealand 10 year yield ever so slightly get into those record those for yields right now at 47 basis points. Lets check the markets to see what else we were expecting. A lot of central bank action. At these newg zealand assets right now. We a
Fallout to spread beyond the walls largest economy. As the brexit bluster ramps up, why Boris Johnsons threat is leaving most economists and traders unruffled for now. Haidi lets take a look at how we are setting up when it comes to the asian trading session this tuesday. U. S. Markets remain largely close for the Labor Day Holiday and this is how we are shaping up when it comes to the futures session, looking like we could get some positive momentum going into the resumption of trade. S p active futures up. 7 after the s p closed at the lowest level since august. We have the tech selloff really continue until full force on friday and will have to see whether that resumes when trading resumes later on this week. The nikkei 225 is up by. 3 when it comes to the future session as we get the leadership race in japan officially kicking off dollaryen pretty steady. 106 and a. We have the dollar rising against every g10 peer. The u. K. Is getting closer to that Nodeal Brexit scenario. New yor