Japans chief cabinet secretary is set to win his partys leadership race, ushering in the countrys first change of Prime Minister in nearly eight years. His shot in the arm, pfizers ceo says it is likely the u. S. Will roll out a vaccine this out of aping stocks twoweek slump and oracle wins the bidding war for tiktoks u. S. Assets. The deal is said to be a partnership, not an outright sale. Just under an hour away from the start of cash equity trading throughout europe and in the u k from bloombergs european futures are positive. Futures and euro stoxx 50 futures. U. S. , but bigger gains of more than 1 across the major equity indexes. Futures rising 1. 7 on the nasdaq. Anna good morning, matt. Nice to be back in the studio. Lets get to the gmm on these markets today. Optimism around the vaccine is certainly something we are dealing with once again and a relief to see. Indonesia to the upside, south korea higher, india higher. Many markets moving higher and the msci asia up. 9 . Virus
You can see that the stoxx 600 was up about 1 3 of 1 on the day and the ftse was higher as well. The german dax was up 30 . Cac 40 up as well so the final trading of the year is showing some gains. If you are trading british pounds and buying the ftse, you would have done well. Looking at currency movements, this is related to the u. S. Dollar. These other currencies that did well. Versus the u. S. Dollar. Went 21 lian real higher on the South African rand and some of the asian currencies are doing well. The Canadian Dollar appreciated 3 as well. The british pound was the laggards of this year, down almost 70 . The mexican peso as well down almost 17 . We also had safety trades. Many strategists say there is much more there. This is the 12 month outlook. Its the final trading day in the u. S. Abigail doolittle has your market news. Looking at small the kleins for u. S. Stocks on se last day of trading small declines for u. S. Stocks on the last day of trading. The dow is on pace for hi
Gain in history. How much further can it fall . Multiples are stretched. Talking of that. Snapping up a skyhigh valuation. Snap trading today, getting a multiple that is twice as high as facebooks. Willens uy into will investors buy into the story . Matt people are watching closely. How why were less than a half hour from the opening european trade. Take a look at futures. Very little change here across the board and a little bit of a mixed picture after japans topix hit a 14 month high and as you pointed out, yet another alltime high on the Dow Jones Industrial average. That last 1000 points did not take very long at all. Take a look at bunds and my terminal. Were looking at a selloff again today in budns. Bunds. 286 is what you get for lending your money to the german government. We are looking at 0. 2 . We had some movement in bunds and stock. Markets are on the move. Guy they certainly are. Yesterday, your story about what is happening in the futures is significant to what im about
Even the European Central bank. Instead, it was the Swiss National bank stunning currency markets around the world by removing the price ceiling on the swiss bank designed to keep its currency artificially low against the euro. That sent the value of the frank soaring and swiss stocks tumbling. Today, the frank at 1 point up about 20 when it was all said and done against the euro. Now, the defensive move comes ahead of an expected announcement from the Ecbs Mario Draghi next week of a massive euro zone quantitateive easing plan like one in the u. S. The past few years. That would weaken the euro sending investors flooding into the frank. Lisa boyason has more. Shes in zurich. Reporter a swiss shock. Theres simply no other way of describing what took place on the swiss markets. The Swiss National bank coming through and surprising everybody by deciding to scrap a cap thats been in place preventing the swiss frank from appreciating above a certain level towards the euro. At the same time
Even the European Central bank. Instead, it was the Swiss National bank stunning currency markets around the world by removing the price ceiling on the swiss bank designed to keep its currency artificially low against the euro. That sent the value of the frank soaring and swiss stocks tumbling. Today, the frank at 1 point up about 20 when it was all said and done against the euro. Now, the defensive move comes ahead of an expected announcement from the Ecbs Mario Draghi next week of a massive euro zone quantitateive easing plan like one in the u. S. The past few years. That would weaken the euro sending investors flooding into the frank. Lisa boyason has more. Shes in zurich. Reporter a swiss shock. Theres simply no other way of describing what took place on the swiss markets. The Swiss National bank coming through and surprising everybody by deciding to scrap a cap thats been in place preventing the swiss frank from appreciating above a certain level towards the euro. At the same time