By 7 . Will rise the trade balance is expected to be at 53. 75 billion in u. S. Figures. In november, in terms of export, it is showing the overall chinese economy with the recovery story. The dollar index is flat. Sterling is under pressure. Go at 1837 u. S. Dollars. Lets head to new york and get the first word news with Karina Mitchell. Numbers continue to rise with President Trump revealing Rudy Giuliani has tested positive. The news reported you has been hospital. He the Administration Says all of americans who want the vaccine should get one by the middle of next year. Several states have record infections. The u. K. Will roll out shots tuesday, while they going to partial lockdown. Iran will raise Oil Productions under the new administration. Joe biden wants to revive the Nuclear Accord dropped by President Trump. Tehran is ready to raise output within three months. Iraq is nudging production higher, while insisting it is committed to the latest strategy from opec and its allies.
Successor to Ruth Bader Ginsburg this week. The democrats say there is no rush and any decision to wait for the election. Scott larson says he expects a jobs bounceback in australia has covid19 infection start to ease. We will expect the likelihood that victoria reports lower new cases. U. S. Futures under pressure now, down. 2 at the open. This after recite u. S. Stocks falling to a sixweek low last week, the tech selloff intensifies. The s p 500 lost ground for a third consecutive session. Nasdaq flat at the moment after the nasdaq 100 closed below its 50 day moving average. Pressure,crude under after oil has its best week since june. Warningsaudi arabias to opecplus cheaters and shortsellers which helped opec crisis stage a rally last week. Now under a little bit of pressure above the 40 per barrel level as we continue to see the Dollar Strength and in the last session. We do know the dollar has been under a lot of pressure and it is headed for the weakest quarter in a decade. Lets
Lets take a look at other Asset Classes as well. The big news as we talked about, ftse russell adding chinese bonds to the global bond indices so we are watching chinese assets very closely and we are looking at, when it comes to evergrande, that is a stock that has been seeing a quick turnaround after the stock fell 5 . A looming cash crunch. Bond yields slightly higher here aday, and we are looking for dollar that is looking slightly weaker but steady. We are set to end the week stronger by the most since april for the greenback. The aussie seen quite a slide for the currency this week. We are seeing a bit of a lift in the renminbi on the ftse russell decision and the lira here. Turkey surprising with the rate hike yesterday, but the dollar weakening, a big story here today. First word news. Karina mitchell in new york. Karina good friday morning to you. The Trump Administration has been ordered to delay its ban on tiktok. The judge gave the administration until 2 32 agree. O a delay
The ceo of sanofi says they are ready to produce a billion doses of its vaccine available next year. Making a vax on on a platform year in and year out. We are doing it in partnership and other Global Companies defend or delay the u. S. Government gets an ultimative President Trump says safety is his main concern they are working to see if they can make a deal if they make a deal, theyll need to bring it to me safety is the predominant factor a warm welcome to street signs. Lets look into the final markets. It is a mixed picture. The ftse 100 up a little higher. Yesterday, we did see that uk benchmark underperform falling 1. 3 overall the stoxx 600 fell by about 1 wall street plunged to the close on wednesday a bit of a catch up trade on wednesday to put these resent moves into context youve got the stoxx 600 trading slightly higher on the week. Down 3. 5 . On pace to win a resent win streak it has been a strong period on pace to break a twoday win streak looking at the process, weve s
Zealand is set for a shallower recession than previous years. The pandemic may have a lingering impact when it comes to government expenses. We bring you the numbers breaking this hour. Lets get you started with our lets get you started with a quick check of our markets trading at this hour. We had a mixed finish. Stocks, in fact, fell, erasing earlier gains after that selloff intensified. Tech fed chair powell not sure if this economic recovery will continue, that really dampening the moon. Tech communications leading declines. Switch of the board and you can see what small and midcaps did with the russell 2000, outperforming, look at that, up 9 of the close. We had the fed really keeping rates low, helping that entire sector. Pressure, andf that paired most of its losses with treasury yields climbing after chair powell also said the current size of the Asset Purchase Program was appropriate, the 10year yield hanging around the highest levels in almost a week. We also have the 530 yie