Official cash rate being kept on hold, 0. 25 . They are prepared to provide additional stimulus. Just keeping you crossing these additional lines coming through. Monetary policy needs to support the economy for a long time. The economic recovery is on track. The funding may be ready before the end of the year. There is progress being made on additional monetary calls. There has been a rise in unemployment and an increase in firm closures. These lines crossing the terminal now. They kept that cash rate on hold as expected. Just keeping calm and carry on. You mentioned that november review of the Monetary Policy tool. A lot of questions that they will deploy are negative Interest Rates. This is what the market seems to be pricing in. You see that new zealand 10 year yield ever so slightly get into those record those for yields right now at 47 basis points. Lets check the markets to see what else we were expecting. A lot of central bank action. At these newg zealand assets right now. We a
That is just who he is. There are times when i couldnt even imagine how he did it, how he put one foot in front of the other and kept going. But i have always understood why he did it. For the doctor who convinces her mom to finally get a Breast Cancer screening, and misses work to drive her to the clinic. For the Community College student who has faced homelessness and survived abuse, but finds the grit to finish her degree and make a good life for her kids. Mom is little boy whose serving as a marine in iraq, who puts on a brave face in his video call and doesnt complain when the only thing he wants for his birthday is to be with her. Joe givesose people, his personal phone number two, toevents, the ones he talks for hours after dinner, helping them smile through their loss, letting them know they arent alone. He does it for you. Joes purpose has always driven him forward. His strength of will is unstoppable, and his faith is unshakable. Because it is not in politicians or political
Washington has been demanding business transparency and threatens to delist mainland companies. Protests against Police Shootings spread to the nba. Playoff games are canceled as refused toee bucks leader court. Haidi we continue to have that lackrnaut rage despite a of very meaningful headline developments on the positive side. We are getting incremental positivity when it comes to u. S. China trade as well as daily developments on the search for a Coronavirus Vaccine as well. We are seeing futures flat at the moment, lower by. 1 after both the s p and the nasdaq hitting another alltime high. Optimism being seen in the fourth straight day of record highs for u. S. Stocks. The nikkei 225 just erasing some of the earlier moves, flat at the moment when it comes to futures trading in chicago. We wait to hear from president abes press conference tomorrow. The focus being on his health and the future of auburn onyx and where dollaryen goes from here. It is holding at 105. 91 at the moment.
Upper 106 level before u. S. Retail sales and trade talks are planned for the weekend. We are seeing dollar weakness in recent days. Gold futures at 1946. It is above 1900, a wild ride for the metal after surging 30 this year. We saw the plunge below 1900 tuesday. Gold is still an of the bestperforming commodities of 2020. 66. 22. 10 year yield at lets flip the page and look at where we are in terms of the chinese shares ahead of a slew of data for july on friday, including Industrial Production and retail sales. The csi 300 is in negative territory, down. 4 . The yuan is at 6. 93. The hang seng is getting some gains. Center, infront and negative territory right now even as it the highest estimate. Tencent also played down the Trump Administration as we check been. Ban wechat the kospi is up on a 52week high. Look at southeast asia, this is asias worst performer this year, correctly up. 5 . It may rise to between 6500 to 7000 this year, driven by pretty much the government stimulus pac
Installed within a whisker of februarys alltime high. The cash trade is less than one hour away. Your are your headlines. Germany extends its Job Support Team until the end of next year, spains or rules out another National Lockdown as cases rise. Britains vaccine bet, the u. K. Backs a plan for a dnabased maxine. We look at a 50 million rates for a solution. And caveat emptor, u. S. Consumer confidence drops to the lowest level in six years. We will get the latest french figures out this hour. Just under one hour away from the start of cash equity trading in europe. Lets look at how futures are trading. Right now across europe, we are seeing slight green arrows. And i mean slight. You can call dax futures and euro stoxx 50 futures unchanged. In the u. S. , we see most futures contracts falling this morning, although also very slight drops. S p futures are unchanged after another record high yesterday. Nasdaq futures gained about 1 10 of 1 . Anna, what do you see on the gmm . Anna feel