The 10 year yield is seeing a flattening name put on. Crude oil, down 8. 7 . Dive intoa deeper what is going on. Mentiont to commodities. It is across the commodity complex. Copper futures are down. Grim Economic Outlook from the fed yesterday, plus a possible resurgence of the virus here in the u. S. You are seeing one commodity higher, that is gold. Up 8 10 of 1 . The dollar is also stronger here. A weaker dollar is a proxy for risk appetite. But the dollar is indeed gaining 8 10 of 1 . Investors are looking more for safety, less interested in risk assets. There is a lot of conviction in equity markets in particular. At the open, we saw volumes basically double over the past 20 days or so. We are still looking at volume over 24 above the 20day average. A lot of conviction in the selling we are seeing. We are seeing the cyclical rotation we all have been so excited about in recent weeks totally reverse quite dramatically. Industrials, financials, materials are the biggest laggards. Tr
Concerns about a second wave of covid19 with cases surging past 2 million in the United States. Texas numbers have been hitting new highs and houston is reconsidering reimposing its stayathome order. We will continue to follow that. I want to welcome in kailey leinz. Is drivingabout what stocks down. Between 5 es ranging and 7 . In terms of what is driving it, probably eight multitude of factors. The grim outlook from the Federal Reserve yesterday. Layered on top of that, concerns about a possible second wave of the coronavirus and the fact that we have run very far, very fast. There may have been a little profit taking involved in this equation as well. You had small caps really underperforming. They have kind of been a proxy for that recovery trade. They were down 7. 6 today. Yields on the long and with the 10 year yield down about six basis points. On the day, out of the 505 stocks in the s p 500, only one closed up, kroger, one of the classic kind of coronavirus safety plays. Did i
hoteliers in the islands say the restrictions have lost them millions of pounds worth of trade. katy austin reports. ben and his family have great memories of the canary islands. they were looking forward to making more last year, but restrictions forced them to postpone to this february. now, children over 12 need two jabs to enter spain, so the holiday is off. unfortunately, the 12 year old has onlyjust turned 12, so doesn t have his second vaccination yet. so we cancelled, only cancelled a few days ago, we thought we would hold out until 1st feb in case anything changed. but unfortunately we had to pull the plug. ben is far from alone. travel agents say lots of people want to go away at the moment, but they re having to keep their customers informed of an ever changing international patchwork of covid rules. spain, including the canaries, is usually a half term hit. you can get a little bit of heat, wear your shorts, sit outside and eat. the rule barring over 12s with only one or n
like mexico and turkey. but that s not an option for everyone, as our transport correspondent katy austin has been finding out. ben and his family have great memories of the canary islands. they were looking forward to making more last year, but restrictions forced them to postpone to this february. now, children over 12 need two jabs to enter spain, so the holiday is off. unfortunately, the 12 year old has onlyjust turned 12, so doesn t have his second vaccination yet. so we cancelled, only cancelled a few days ago, we thought we would hold out until the 1st of february in case anything changed. but unfortunately we had to pull the plug. ben is far from alone. travel agents say lots of people want to go away at the moment, but they re having to keep their customers informed of an ever changing international patchwork of covid rules. spain, including the canaries, is usually a half term hit. you can get a little bit of heat, where your shorts,
unfortunately, the 12 year old has onlyjust turned 12, so doesn t have his second vaccination yet. so we cancelled only cancelled a few days ago. we thought we d hold out till the 1st of feb in case anything changed. but yeah, unfortunately, we had to pull the plug. ben is far from alone. good afternoon. travel agents say lots of people want to go away at the moment, but they re having to keep their customers informed of an ever changing international patchwork of covid rules. spain, including the canaries, is usually a half term hit. you can get a little bit of heat, wear your shorts, sit outside and eat. the rule barring over 12s with only one or no vaccinations is having a big impact. 50% of our bookings were moved because actually it s all families. they ll move destinations or move dates and plan for easter. it s a headache for tourism businesses in the canaries. they want the spanish government to relax their restrictions