Thought to be controlled by the Peoples Liberation army. And policymakers seem less likely to go down that route decide besides providing support for a long time. Shery lets take a look at how we are setting up an asian markets. Looks like trending a bit lower in sydney. U. S. Stocks really doing pretty taking overrallies adding to concerns about tougher lockdown measures with the existence of an effective vaccine. Downside about a quarter of 1 and that market along with new zealand looking pretty overheated after the recent run of gains. Continuing to push back expectations for negative rates. Chicago futures moderately positive at the moment. The yen seeing a little bit of a gain but we have seen a new daily record for Coronavirus Infections in japan this week. Authorities hinting they could need to take stronger measures to halt the increase in the spread. S p acted futures up by. 2 sessione active cash sank as much as 1. 5 overnight. Shery lets turn to our top story President Trump
Investors concerned about rising Coronavirus Infections and what that means for the recovery. Global deaths are approaching one million with record cases in france and the u. K. The Trump Administration given an ultimatum over tiktok to delay a ban or respond in court. Ban isnt trumps due to take effect on sunday. ,aidi it was a meandering confused session in the u. S. Investors seemed to be trying to work out where the lead was. Investors weighing the scanned prospects of another stimulus package against a resurgence, the second wave we are seeing across europe and the u. K. Modest gains but the s p has wiped out all of its gains for 2020. Futures trading up by. 3 at this point. When it comes to the asian trading day ahead, the nikkei 225 regaining a little bit of positivity. Modest gains of. 1 , trading in the futures session in chicago. In sydney, we are watching as to whether this surge we have seen in growth shares will continue. The msci australia index jumping to a record high c
The simultaneous listing could bring evaluation of 225 billion dollars and may raise more than aramcos record sale. Day twot lady headlines of the republican convention. The theme is the land of opportunity as Melania Trump makes the case for her husband winning four more years. Working news at the moment. We are getting confirmation that the u. S. Business will be charged in a generic drug pricefixing probe. This coming from the department of justice, saying the Pharmaceuticals Company was charged for its role in a saying teslas u. S. U. S. Mers tevas consumers were charged 350 million. It was charged for conspiracy including landmark and glen tech. Nd apple it is falling more than 4 in postmarket trading. Teva pharmaceuticals being charged with conspiring to raise prices for generic drugs. This is after years of pricefixing in the generic drug market. The doj saying it is the seventh company to be charged with generic drug pricefixing. Teva was charged for pricefixing. You can see th
Kong and shanghai. 5t includes valuation of 22 billion, more than aramcos record sale. And polenta here is also going public. There were none the most valuable private companies. It could be silicon valleys biggest listing since uber. Shery we are seeing u. S. Futures coming online much flat after we had major u. S. Benchmarks ending the new york session mix. Investors are and waiting for fed chair powells speech thursday about the longawaited framework review. Dow was pressured down. 2 , declining for the first time in four days. Gains andung between losses but managed to reach an alltime high for the third consecutive session. Six sectors were higher, five lower. Energy was actually a drag on the s p 500. Take a look at what oil is doing. Pretty much flat right now. This of course after surging to the highest level since march. Not to mention gasoline futures were also at the highest level in five months. We have hurricane lower rattling towards the u. S. Gulf coast. More than 80 of
Index to session lows in the final halfhour. Asian markets face an uncertain retention ofs want u. S. Actions. Meanwhile, hong kong braces for what could be the biggest protesting month as the City Government needs to discuss criminalizing disrespect for chinas National Anthem. Haidi lets get a look at the markets, which are being jolted by prospects of more u. S. China tensions, the prospect of these further sanctions from washington to beijing as well as Key Developments in hong kong as we get the second reading of this controversial bill as well as the expectations of more protests. Held by newg upside zealand markets. We heard from the annual testimony report there could be more mobility to the countrys Financial Institutions, hearing from the governor. Upside in kiwi trading at the moment. U. S. Futures stumbling. A little downside when it comes to trading in the futures on the back of the failure to hold onto the key psychological 3000 level for the snp, geopolitical concerns get