We have had six weeks of gains free u. S. And european equities. The longest run of gains like that in two years. The s p 500 hit another record on friday and we look to be on the front foot albeit in a muted fashion today. The seven that cut to day reverse repo rate in china which made the list in particular chinese equities. The 10 year yield dropping last week. We slid down from ed handel we had on november 7 and now back up basis point. What it will take to take us back up to 2 . A crucial few weeks ahead as weve had some positive news on andu. S. China trade talks Boris Johnson said all conservative candidates will back his brexit deal if he wins the december 12 election. Of course his party leading in the polls the moment. Coming up we will speak to u. K. Labour party leader Jeremy Corbyn. Dont miss out at 1 00 p. M. U. K. Time. We begin with evaluation target for aramco with saudi arabia to add as low as 1. 6 trillion per thats well below the much touted 2 trillion. It would all
U. S. And chinese negotiators agree on a tariffs rollback if and when a trade deal is reached but stocks and futures slipped from asia to europe. In europe, Jeanclaude Juncker says President Trump will spare autos from tariffs ahead of next weeks deadline. The hong kong protests caused revenues to slump. The city prepares for another weekend of demonstrations. Good morning. Matt good morning. Less than a halfhour from the start of u. S. Trading. We saw haven assets really catch a bid, especially over the last few days. This is the threeday chart of treasuries. You can see the yield jumped up past 195. It is coming off a bit today. Right now, we see 1. 91. Yesterday, we saw a real change in sentiment, it looks like. For example, gold, which had been catching a bid in the last few weeks and months on concerns about the trade war, dropped 30. We will watch that and talk about that today. In terms of what we are looking at in terms of the trade in less than 30 minutes time, we see futures
Australias biggest business bank. Theteargas returns to streets of hong kong as police and protesters clash again. First, lets get you started with a quick check of the markets close on friday. S p 500 index seeing the biggest fall in seven weeks. Of course, there are people just waiting for any sign of progress on the u. S. China trade negotiations. At the same time, it was a shorter trading day just after thanksgiving before the weekend, so it was 16 below the 30 day average. Energy and Consumer Discretionary leading the declines. Nasa fell and nasdaq fell half a percent as well. We have the opec plus meeting this week. There are signs they may not want to cut even further at the moment. Lets see how things are shaping up in asia. After managing to cap a third month of game, asia stocks tech starting december trading, nikkei futures up more than 1 in chicago. Ross mcewan starts monday as the bank faces a list of challenges. At the weekend, the australian newspaper reported they faile
Slasheed to skash costs and jobs. And in hong kong, police and protesters clash again after a week of relative calm. Shery consumer inflationshery . Year cpi numbers. Growth of 0. 2 percent. But this is missing expectations that we would see a rise of 0. 7 . Despite the missive estimates, we are seeing growth from the previous month when the inflation number was flat. Month on month, disappointing 0. 6 . A contraction of estimates were for a slight growth. This is contraction from the previous month of october. We know south korea faces challenges including negative base effects. Last year in 2018, we saw a higher food and crude Oil Prices Back then. The year on year number remains under pressure so we are seeing growth of only 0. 2 for the month of november. Those expecting thirdquarter gdp numbers out of south korea on tuesday, after the bank of korea kept the rate unchanged. Inflation numbers looking not too strong of the moment. Australia has just kicked off trading. Sophie aussie
Tenyear. It is unchanged, 1. 83 . A point of reference more than anything else. Of positivity with regards to whats happening for sterling. Withabour party coming out drives of its manifesto, some are saying making it relatively unelectable. That would make perhaps a move on brexit, or Boris Johnsons deal on brexit. Stablepretty much against the dollar. That as we get growth details a little bit later. Lets get from whats happening here in new york. We have first word news with su keenan. ,eporter we start in the u. K. Prime minister Boris Johnson aims to win the support of u. K. Business leader today, offering. Ax cuts as an olive branch the december 12 the vote could determine how or even if the u. K. Ultimately leaves the european union. Saudi arabia has agreed to lower its valuation of the energy thet aramco to pare back size of the initial ipo to make sure of its successful about half of what has been considered for the ipo. It is seeking a valuation between 1. 6 trillion dollars