There are concerns over the pace of the recovery, the second wave of infections. Infections rising in 22 states across the u. S. The dow ended the session up 1. 9 . The s p 500 up 1. 3 . The s p futures, under pressure. Oil also falling with the 35 a barrel level. This is after crude posted its first weekly loss since late april. We have, as i mentioned, fears of a second wave of infections affecting the fragile recovery. Investors are awaiting the opecplus joint Technical Committee meeting this week. Lets see how things are shaping up for asian markets. Monday, fragility well. On view as asian stock futures looking mixed after the regional benchmark cap to the first weekly drop in three. Patch,hitting a rough sinking more than 5 in three days. Signaling concerns around a potential recovery across the globe. Value performing decently in a for the month of we are going to find out if Central Banks will add support with rate decisions do including taiwan and indonesia. In japan, after pa
Is slightly better than economists were expecting an better than the previous month. Leasing Property Investment looking better. Fixed assets investments, also a drop of 6. 3 . Aonomists were looking at drop of 6 , but the trend seems to be better than the previous month. I guess it continues to show that this could still be an uneven recovery we are seeing in china. Uneven recovery but a broadening of chinas recovery, as well. We heard new home prices, the most in six months. That is a good sign as the economy reopens. We are seeing how home prices in terms of growth has accelerated. Easing on credit, helping a lot. Just to recap, retail sales, 2. 8 . Retail sales, still contracting, retail sales have collapsed. Consumers are pretty cautious when it comes to coming back to spending. Beijing and other chinese cities are giving up consumption vouchers to its people. They encourage them to spend in the fiscal month of the year. Retail sales slumped 16 nationwide so as long as retail back
Decline. Biggest drop since 2009. A real freeze that has hit the manufacturing economy. Thats right. The lowest ism reading this is a kind of this 340 versus last month survey sometimes market moves are inscrutable. Yesterday, markets were up clearly just challenged this idea that the u. S. Economy was resilient enough we are constandly talking about increasing recession fears. Suddenly this data point comes along. The consumer, in 2019, are we dependent on manufacturing to the extent we used to be no. Not even close it is a great swing factor it doesnt go down that much but it also accelerates that much. You take a look at treasury yields yesterday as soon as this number hit 0 years at 2. 089 . We were above 1. 7 on the 10year yesterday. That shows you the market is saying, okay, the fed is likely to give another cut in october not a sure thing probability right now. The october adp report will be released at 8 15 eastern. Reportedly added 120,000 private sector jobs last month johnso
A nose for trouble mans best friend is helping cuba clamp down on Money Laundering. Business youve got your business i was in berlin welcome the heads of the worlds banks the w t o and the International Monetary fund were painting a gloomy picture for the German Economy and they stopped by a berlin last night to meet. And today germanys top Economic Research institutes joined in and then they will autumn statement germanys Top Economists have lowered their Growth Outlook for this year to only 0. 5 percent at 1. 1 point one percent next year declining Global Demand for investment goods such as factory machinery in which germany specializes in socalled structural changes in the car industry was cited as reasons it ferguson has the details. The causes may be up for a good base but that message is clear europes biggest economy is slowing down germanys top 5 fiscal Research Institutes have now joined the government in causing this years growth forecast theyre now expecting the economy to ex
This time of year, forecasting so temperatures running 2 to 6 degrees below average. Now i am tracking a weather system for tomorrow and i will let you know how that will affect our weather deanna. Earlier Police Activity on the marin side on the lower deck, accident eastbound involving four vehicles so a bit of a backup working out of marin into rich in order. On the flip side, we did get word of a crash near the toll plaza, flashing lights are off to the side. It looks like they got that out of lanes but a slow down towards the toll plaza. Use 37, clear on the eastbound side. West bound a little slow right around past that merit island area near sacramento street. So not bad. Metered lights on. All approaches starting to see delays as well, michelle. Developing in san jose, police are looking for the gunman in a deadly shooting. The victim was shot just after 11 00 near williams road in the southwest part of the city. No word on any suspects or a motive. Im anne makevec, we are waiti