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
In the last 10 days. The u. S. And china trade new barbs. Washington rejects chinas claim to the South China Sea. Top u. S. Senators are facing mainland sanctions. Haidi u. S. China sentiments dominating again with the grim overlay of rolling back restrictions around the world. This is how we are shaping up when it comes to u. S. Futures contracts, up by. 2 after what was a truly volatile session. We had the s p 500 touching levels prepandemic and we also have the nasdaq hitting a fresh record before finishing in the red and we spoke about tesla being a huge part of that tech eventual close lower. Nikkei futures up by. 2 percent. Sydney futures escalating in the red, point 8 lower, looking like a set up of. 5 lower, this as we are expecting an announcement today that the fed of New South Wales will ease back those restrictions when it comes to indoor gatherings at pubs after cases coming from the pubs. It is now over 20. New zealand trading modestly higher, about. 25 . Some significant
Basel iv banks regulatory information. U. S. Futures pointing higher on the back of a global rally this morning. 100 points higher for the dow. We are down about 0. 2 for the s p and the dow. Nasdaq down about a half percent. As ive said throughout the last couple of day, even though theres riskoff move in the market, were not really down this week. Were seeing big swings in the pound on the news that the uk reached a landmark brexit deal with the European Union. Lets get to cnbcs willem marx live in london with the story thats broken overnight. Willem thats right. Very early start for the british Prime Minister and the head of the European Commission and Jeanclaude Juncker, they met around 7 00 a. M. Brussels time to settle the financial bill, the irish border issue and come to an agreement on european Citizens Rights in the uk and vice versa, that seems to have been kicked down the road to phase two of negotiations. Leo varadkar, the irish Prime Minister, heres what he had to say abo
Offer. The equity markets are a little bit lower. U. K. Manufacturing data will come out later on. What is taking the ftse down . Levels of 2009. Ubs was justo onset, saying, perhaps it is all a little bit overdone in terms of the Price Movement of oil. Have got Goldman Sachs onset with you shortly. Commodity super site over . If he ever does want to do a deal for real. The whole mining complex all lower. Commodities are lower. China manufacturing misses. Oil prices are dropping. We will pick up the interview of mr. Gilbert, the ceo. Equity markets are lower. Manufacturing will come out in the united kingdom. Think typically the final numbers are revised. According to bloomberg elevation it has been revised. Lets have a look. Price one of those moments where you wait to see the price. We will come back to that. There are a couple of stocks that are worth keeping an ion. T is the Telecom Group worth keeping an eye on. It is the Telecom Group, vodafone. Will they do a deal . The debt lev
Explore its chances of success. Also coming up, inflation is skyrocketing in ghana to with Living Conditions that theyre worsting to decades. The countries taking desperate measures. But at what cost plus many kenyans are struggling to even put food on the table. Can they change that in president ial elections just over a week . From now and the South African town where taps have run dry. The area has seen years of drought, but residents say theres more to the problem than just Climate Change. With hello, im told me lady ball welcome to the program. 100. 00 trillion dollars, slats one followed by 140. 00 rose mass is as in bob ways biggest denomination note from 2008 that year. So as in bob, when piper inflation hit, one of the highest levels in history with a 0 dollar essentially not even worth the paper, it was printed on. Now, inflation is down to 200 percent, still one of the highest rates in the world. And by way, central bank is introducing gold coins as a hedge. It says to reduc