U. S. Stores while pepsi shuts a food plant in beijing. Sending a message to the white house. How tictoc users may have contributed to the low turnout for President Trump in tulsa. Haidi lets take a look at how we are shaping up when it comes to the start of trading this monday morning in asia. Looking like a pretty uncertain start as u. S. Futures are. 25inuing to drop at percent. Nikkei futures trading in chicago down. 4 . We have a bit of strength in the yen in fact. We had the dollar outperforming at basically every g10 currencies in the overnight session other than the japanese yen which is sitting at that high 1060 handle. The are also seeing a slip when it comes to trading in oil prices after the market rose almost 10 last week on news that these output curves are continuing to work to break down the supply glut these concerns about a second wave of this virus resurgence are clouding the demand outlook and causing a bit more of a downside trading action when it comes to crude. W
Was 25 n the s p 500 better than average over the last month. We are waiting on the let us check of japan, as the pandemic puts more pressure on the economy already sliding into recession. Inflation numbers are due at this hour. Haidi lets check in on the markets. We had a pretty tepid handover from the u. S. Stocks edging higher. Volumes still below what we have seen over the past month or so. Very much a rangebound trading session. We continue to seek a new catalyst. We continue to see rising cases across the u. S. , driving the idea of a second wave. Beijing struggling with a second wave as well. Conflicting data not giving a great deal of intel as to what the future holds. We are dealing and upside on s p futures, up about. 3 . Nikkei futures also a little bit higher, japan weighing the frostburg of reopening. Also the potential demise when it comes to tourism. Sydney futures are a little bit to the downside at the moment. We could see a modest bounce at the start of trading here i
Isnt fit to be president anyway job also is my guest this week from washington how much damage trump broken bones to america and the rest of the. Conflict zone today from w. The. Chinese own tick tock thats out from hong kong but can a social media sensation escape the crossfire is the rivalry between china and the u. S. Also on the show new developments in the facebook ads boycott well talk to our from our new York Financial correspondent. And we follow the fortunes of a Migrant Worker in germany was caught up in the largest outbreak of coppa 19 in the country so far. Along. Welcome to the show im Stephen Beardsley and this is your Business Update ticktock has moved its app from hong kong joining other Tech Companies that are seeking to protect users there from china strict new security law a social media sensation is owned by a Chinese Company and is now in the crosshairs of the u. S. Government secretary of state mike pump a. O. Even said tuesday that banning the app in the u. S. Is
U. S. Took preemptive action in terms of export controls for the city. Yvonne the one thing the chief executive has said is u. S. Sanctions will not scare us. That is the latest response from carrie lam. Given what weve heard from the u. S. Recently when sanctioned chinese officials over the security law, and also now as you mentioned, paring back trading benefits that hong kong has enjoyed with the u. S. As well. The market seems to be overshadowed by better data. Pretty early when it comes to pmi data in china that came out at the top of the hour. It seems like at this point its really about the fundamentals more than the politics that is driving this rebound we are seeing in risk assets today. Look at the asiapacific benchmark, up 1 . Set for the best quarter since 2009. Still, asian stocks have not really recouped most of the losses we saw in the First Quarter, but certainly u. S. Futures pointing positive as well. The hang seng still up 194 points despite what we have been hearing
Minister gives new details about the violence that followed the killing of a popular musician and activist. And the philippine president signed an anti terror law from Rights Groups say is designed to further muzzle his critics. Almost 2 years after journalist Marcus Shockey was murdered in istanbul the turkish trial has begun for 20 saudi nationals accused of being involved with your fiance had to take jenkins was among those to testify but none of the accused were anywhere near the court as shocked as murder inside the saudi consulate provoked outrage around the world in the u. N. Special repertory who investigated the case said the world must not forget. I call on them to ensure that in the last next session in november that they are far greater International Presence so that we continue to deliver that message to saudi arabia and to the rest of the world that you cannot get away with killing a join the least and lets not forget that these is a state exec you shouldnt of course we a