Commodities having a positive session the far. Astrazeneca stock is actually down today. The s p is up i 014 . It is a monday. We get vaccine news. Generally it is taken quite well. Cyclicals have a bigger day. That seems to be the narrative that is establishing itself. We do have a euro that has weakened. The manufacturing pmi data out of the united states, and i know the ism is more important in terms of what people look at, but nevertheless, the manufacturing data was strong, and as a result, the dollar went up. It does seem to be something of a consensus now that the u. S. Is simply a few weeks behind europe. You only have to look at what is happening with the eurozone data today to get a sense of how far pmis can fall. Highs,off our earlier off by 0. 2 percent. Boris johnson is currently talking about covid. We are also possibly making some progress when it comes to the brexit story. Certainly today, the big driver is definitely that news on astrazeneca. Alix Boris Johnson saying
For a september quarter. There are also concerns about the ant ipo fallout. And america awaits the outcome of the president ial election, seven states now holding the keys to the white house. Wisconsin heads to a recount and others face challenges in court. Foropen here in sydney friday trading in asian markets, we have seen an eerie calm and trading across equity markets, and globally, on expectations that policy gridlock will me know extreme measures when it comes to the tax front being taken and more status quote when it comes to the visible markets. We are up. 2 when it comes to sydney, the in aussie dollar and commoditieslinked currencies it particularly well. We have the u. S. Dollar fall to its lowest in two years. The nikkei 225, we expect weakness going into the open but we have japanese stocks trading in the green every day of the week. Also watching the yen, but interestingly, as an election respirometer, we continue to watch price action in china as well as volatility in ch
Cases are stuck. If you go back into lockdown, you will have a revolt. I am more interested in china. We broke the story that they are looking this was reuters they are looking a little more when it comes to renminbi. I did spend a good of time looking this up, on sunday, china clearly said it was trying to push to have a bigger international this means more pboc report. Reutersst report from we broke saying that china will remove a countercyclical factor in the yuan bay point in that direct and may point in that direction. Halt, shelf will its plan to let hedge cut to let hedge funds conceal stock holding. That is a big decision. That is just breaking. Thatll have to see where leads this morning. Futures up six. Dow futures up 20. We will do the data check in a moment. But now, first world news with ritika gupta. Ritika Amy Coney Barrett has been sworn in as a justice of the supreme court. Boothsst of two required administered. Every republican but one voted in favor. Chief Justice Jo
Lets break it down with mike mckee. Is a it is michael it little bit odd. On the headline, 100. 9 is lower than it was in the month of august or september, rather, when it was 101. 8. You would expect that maybe the present situation would be causing people concern because of the coming closures of some businesses as covid cases spike but the number comes in at 98. 9 at up from 104. 6, up from 98. 9. Turnabouting quite a in the way people are looking at the economy. The interesting thing here is this bemay see is reasonably good news for donald trump because if you are looking at the economy, stupid, as the old saying goes, you are looking at the economy as it is right now, and the economy as it is right now is better. The employment number is something Everyone Wants to look at in the set up to next week. Jobs number is an improvement, so those who think we are going to have a dismal jobs report next week might be in for a surprise, at least according to the underlying Consumer Sentim
Anybody responsible for that many deaths should not remain as president of the United States of america. Annmarie the second president ial debate is heavy on policies like the coronavirus and policy, but will it make a difference to voters . We are 11 days away from the u. S. Election. Curfews have spread. Governments deploy more restrictions as coronavirus cases search around the con continent. D the france approaches 40,000 new cases for the first time. Barclays reports thirdquarter results amid the pandemic today. Investment banking revenue should offer reprieve. We will ask jes staley what is left for him to do at the bank. Just gone 6 00 a. M. In the city of london. Very good morning to you. If you are just looking up in tennessee, there was a much more composed and coherent debate, a contrast to the chaos that ensued in the prior one. The first topic was the coronavirus, which is once again taking center stage in europe as well with cases soaring. That is the news. Lets take a lo