Strong gains and this morning you will see that there are green arrows once again, the dow indicated up by about 88, s p by about 9 1 2 and the nasdaq indicated up by 48 points if you watched what happened in the treasury markets, we did get a lot of fed speak and it sounds like there is a little bit of confusion. You can see the ten year note has ticked up a little bit, 0. 769 is the latest yield andrew and lets take a quick look at the dow transports, gaining another 2. 5 yesterday, also hitting a record high, the two as to beings to watch this morning, eli lilly and he regeneron both big winners on Covid Treatment hopes. And President Trump touting both of those in a video that he released over twitter late yesterday. Well tuck a lalk more about th. But also take a look at shares of tesla, new Street Research upgrading that Company Stock to a buy saying that to sees a decade of hyper growth ahead, this call makes the firm the second highest priced target on the street so in lead wit
Across the americas. The spread is unacceptable. South korea braces for a second wave. Lenders are backing away. Bank of considering cutting a credit line, writing off its and calling it quits. We are just getting some indications, early indications of the economic rebound in australia. The cva australia pmi manufacturing preliminary number for june bouncing back. Just in contractionary territory but certainly much better than the 44 from the previous reading. The Services Number also much better i we get parts of the Services Economy reopening after the restrictions coming in at 53. 2. The previous reading was 26. 9. That composite number for june, 52 point six. 28. 1 and out of contractionary territory. That is a preliminary reading but things looking a bit more positive. Also looking positive for asian markets, lets get over to Sophie Kamaruddin for a look. Futures are in the green with s p eminis and he restocks resuming gains while the aussie dollar remaining on the on foot at the
Month. Corporate earnings and sharp moves from the likes of broadcom, origacle, and adobe. And the u. S. Is weighing new 100 tariffs on new european products, including whiskey and cognac plus, a big interview just minutes from now Morgan Stanley Ceo James Gorman, a live and exclusive interview right here at the exchange joining us for the hour is lindsay bell, chief investment strategist at ally invest. Good to see you today, lindsey were seeing the markets kind of shrug over these trade headlines, why i think the market has really priced in a phase i deal getting done the news in the Early Morning market got excited and that quickly got deflated the market is up 26 yeartodate its trading at an 18 times multiple which is pretty rich by historical standards this is really just the market kind of taking a breather and waiting for earnings and the Economic Data to really get caught up to those earnings multiple we are set for record alltime closes. Anything positive for the s p and nasda
In iraq 27 people are shot dead in one of the bloodiest days since Anti Government protests started. Donald trump makes a surprise appearance in afghanistan to visit us troops for thanksgiving his first trip to the country as president. On the uk campaign trail borisjohnson is criticised for refusing to commit to an interview with the bbcs andrew neil. The other Party Leaders have all subjected themselves to his interrogation. Here william, im being interviewed you, are you saying. Its five minutes, not a full length interview. Are you saying you are incapable of scrutiny . This is a five minute incapable of scrutiny . This is a five minute interview enough incapable of scrutiny . This is a five minute interview enough farm shop, its not the same thing. Thirty years after the hillsborough disaster, no one has been held responsible for the deaths of the 96 fans who lost their lives after being crushed in the terraces. Today a jury found the policeman in charge on the day at the fa cup s
Points you were talking about down about 1. 8 for the dow and s p, down 2 for the nasdaq s p indicated up by 7 points this morning nasdaq indicated up by 30 points overnight in asia, some weakness in stocks there, too probably started by what happened here. The nikkei actually ended flat the hang seng was off by three quarters of a percent. The shanghai was down 0. 8 in europe, where there is active trading taking place at this hour, you will see there are green arrows across the board. The biggest gainer of the three major averages is the cac up three quarters of a spent. More modest advances for the ftse and the dax treasury yields will be watched closely. Treasury yields went into a free fall on the feds report yesterday or the idea that it would be one and done. You can see the tenyear barely held on to a yield of 2 that was the weakest level in three weeks. This morning trading back to 2. 04 . There were two key words that sparked a strong reaction from the markets and President T