The concern about the stronger currency, not to worry just yet. We saw that euro jump. Ist weakness on brexit sparking a rebound in the dollar. Your offshore renminbi, we are set to break six weeks of gains. 683 right now. That is below 40 right now. We have copper also and gold on the back foot. Oil prices on track for the biggest twoweek drop since what we saw back in april. Lets get to the first word news, we have Karina Mitchell. Senate democrats have shut down a relief plan proposed by republicans. They failed to get the 60 votes they needed. Estimatedican plan is at anywhere between 500 and 700 billion dollars. The democrats are proposing to. 2 trillion. 2. 2 trillion. Boris johnsons government refused to scrap plans to reignite the divorce accord. The eu is threatening legal action if the u. K. Does not drop the legislation within three weeks. Thes president has painted an optimistic picture. Economic data suggests a strong rebound. They kept policy on hold for Economic Contract
More Domestic Travel to a little more overseas travel now. Theaad lets get to markets and have a look at what is going on. Nikkei, in with the leading japanese shares, just seeing stocks drifting to the upside. We did see jobless numbers come out. Slightly better than expected, looking for a 3 jobless rate, but 2. 9 . Looking elsewhere, retail sales out of hong kong, looking also at the futures for the u. S. , pretty much flat. Asian equities drifting slightly to the upside. Looking at the shanghai composite, lets look at how the gpi is behaving as well. Just about flat. The shanghai comp, 0. 2 lower. Chinese Economic Activity continued to rebound. Expansion in manufacturing activity, just slowing slightly there. A Rate Decision out of australia later on. Expecting the rba to keep rates. And the singapore market 0. 6 lower. Quick check on the currency is, weve got a fifth straight monthly drop for the dollar. Bloomberg dollar index down by 0. 25 . The yen, a tad weaker. Euro currently
We have got to vote like we did in 2008 and 2012. Weve got to show up with the same level of passion and hope for joe biden. Weve got to vote early, in person if we can, weve got to request our mailin ballots backht, and send them immediately, and followup to make sure they are received. And then make sure our friends and family do the same. Weve got to grab our comfortable shoes, put on our masks, pack a brownbag dinner becausee breakfast,too, we got to be willing to stand in line all night if we have to. Look, weve already sacrificed so much this year. So many of you are going that extra mile. Even when you are exhausted, you are mustering up unimaginable courage to put on those scrubs and give our loved ones a fighting chance. Even when you are anxious, you are delivering those packages, stocking shelves them and doing all of that essential work so all of us can keep moving forward. Even one it all feels so overwhelming, working parents are somehow piecing it all together without ch
That investors will look at. We can change the board and have a look at whats happening in the fx raise. Index,omberg dollar marginal gains up over three days by about 7 10 of 8 . Turnarounde seeing a in the u. S. Dollar, but some of that will be contingent on the stimulus taking place in washington. We had a fix of 6. 9 and that is where it currently is. 6. 98 for your offshore currency. In terms of the aussie dollar, that is flat. The aussie decision is out today and expected to stay on hold. 117. Uro is at milan terms of commodity in terms of gold prices. Still has a forecast of potentially 3000 for spot gold, currently at 1975. Thats what your copper futures are doing. Nymex is down 6 10 of 1 . They have more oil onto the market with demand amid the virus being a question. There is your yield on the 10 year,. 56. Its get the first word news with Karina Mitchell in new york. The and added states remains the focus of the coronavirus pandemic, with several area starting to see faint i
China, the u. S. Rejecting chinas claims to the South China Sea. China than sanctioning u. S. Officials like ted cruz and marco rubio. U. S. Futures are pointing higher. We are also looking at what is going on with the virus as well as states like california reversing its reopening plans. U. S. Tenyear year, bonds up. U. S. Tenyear. We saw the dollar gaining a bit of steam against the yen, but seems like we are reversing some of that. Lets look at the boards and watch were Chinese Markets are going to see any reaction to the trade figures. We saw a bit of a pause in the risk rally when it comes to mainland equities, after we are seeing equities inching toward that 10 trillion milestone. Flip the boards and see what is going on there. Smallcap, those rose to follow five year highs. We have basically been flat the last 30 minutes of trade. Shenzhen stocks have been on fire. Hang seng down 184 points right now. Also with the city introducing the toughest virus measures since the pandemic