Services. Westpacs full year profits plunge after fines for Money Laundering. Cash earnings falls. One of those stocks where watching going into the sydney open. Lets look at the market open. Sophie . Expecting some moves this monday. The biggest weekly drop since september 25 as investors adjust the some of the risk ahead. We did have the worst week for aussie stocks since april. Adding 0. 1 . We have amp shares gaining trillionter the this wealth manager said that a preliminary takeover approach of every management values the company at 4. 5 billion. Westpac has results out this morning. Later this week we get results upm alibaba which ticked single day sales early on sunday. The ipo is a big event we are watching this week. We are expecting a big pop here on thursday given the massive appetite we have seen for the offering. Friday had the biggest drop since june. Of a private survey of chinese manufacturing data. To focus more on the u. N. , lets pull up on the chart on the terminal
That really has been down to currencies. The dollar index is up at the moment, but if you look at it over 24 hours, actually, its down by. 3 ,. 4 percent. One of the main beneficiaries of crown weakness has been strength. Sterling has been propelled about 1. 5 in the last day or thereabouts. The dollar weakness has been felt with the yen also moving to the upside. Theres another reason we are seeing upside on equities in japan. Gold not a major beneficiary, though it was at oneweek highs at one stage after the dollar was sagging earlier on. Thats a look at markets. Lets head over to tom. Tom lets get you up to speed with some of the other first word headlines. The Trump Administration is ramping up tensions with china once again, designating six asnland Media Outlets foreign which it says are controlled by beijing. They include the economic daily, which provides a look at beijing economic news. The Administration Says all six are substantially owned or by atively controlled foreign gov
Round two. Has admitted sachs its role, reaching multiple settlements. Aery lets get started with check of the markets. U. S. Futures coming online slightly higher. This after we saw u. S. Stocks gaining ground in the regular session. There was optimism for another round of stimulus ahead of the last president ial debate. , andht, banks rallied reached the highest since june Energy Shares rebounded with oil. We will check that shortly after. Small caps also gained around. We could take a look at the dollar right there. We saw again in the first time in five sessions. Check out oil right now. A flood at the moment at around 40 a barrel level. , also the latest sign of opecplus that they ford be restraining supply longer. We heard Vladimir Putin say that russia is able to put output further if needed. Haidi a thick a look at how we are setting up the asian session. There getting this out from u. S. Election. Greater volatility and portions playing out here. Take a look at nikkei futures.
Regionally, as we saw a setback moments ago from Johnson Johnson. They are pausing the study here on their vaccine after one of their patients fell ill. We did of course look at, when it comes to the china 10 year, we are expecting a big dollar bond sale as well, and details as soon as wednesday. Still Holding Around the 670 level at the moment. Lets look at the rest of the market as we count down to those numbers out of china. Ratentioned in indonesia decision later today, jakarta coming online just slightly higher. Because ofpressure vaccine setbacks, and india as well, we could see a lower open in mumbai. A big power outage yesterday impacted volumes. We also saw inflation surge in september. We are watching fx as well, the dollar pretty steady and the rest of asia affects fx lower after we saw weakness in the chinese currency as well, the pboc made it cheaper to short the renminbi. We are watching the china and aussie tensions ramp up again. We see brent crude and new york crude, p
Are made after winning the fda approval. Linda severe is the first to gain fdarst approval. President trump used it when he had the coronavirus. Lets see sydni joining the fray and this fridays session. Week ofto the last trading. We are seeing pretty modest gains at the start of trading. Under 1 10. The aussie dollar is showing strength. Broaderitting against a drop kiwi stocks are just moderately. Going out to stir up merck conversation as to when they would feel to take a break and negative territories. Markets are looking at that in the early part of next year. The kiwi dollar is holding firm. In terms of what else we are watching, and the japanese markets, we are seeing a pretty lackluster start to trading there. Singapore is expected to drop a little bit later as well. Story,to our top President Trump and joe biden are preparing to face offer a second and final time. Their last debate will be in nashville in a couple of hours. The biden camp is saying that they are repaired for p