Prepare for their first debate. Says it is close to compromise in australia that would force it to pay for news desk get a quick check of the market. Usurers are under pressure. Futures are under pressure. The s p 500 lost half a percent in the regular session. The volume was lower than the 20 Day Moving Average given that we had the first president ial debate coming up at about three hours. Data was positive. Consumer, its jumping u. S. Consumer confidence was jumping. Companies imported more on demand. That news sent the dollar weaker. We got some fiscal stimulus negotiations and talk about a potential deal continuing to affect the markets. Look at what oil is doing. It continues to fall down toward 39 per barrel. Thats the lowest level in two weeks. It is plunging below the 100 Day Moving Average for the First Time Since june. Top traders are saying that oil will not meaningfully recover for at least another 18 months. The resilience of the chinese economy that drives the ecocalenda
Fed call for urgent action. We are joined exclusively by dallas fed chief robert kaplan. And the debate, joe biden refuses to push back his next meeting with President Trump the white house rules out of virtual clash because of covid19. Quick check of the markets coming online, u. S. Futures right now up. 3 , after the close, we have the white house saying President Trump is open to Something Big or than the skinny bill. It has all been about optimism over stimulus deal, despite conflicting signals on capitol hill. We had u. S. Stocks in the regular session wanting to a fiveweek i. We have optimism on corporate will, adding to the positive tone. Eaton vance jumping after agreeing to be taken over by Morgan Stanley, more on that next the dow higher. 4 , nasdaq. 5 . Oil is gaining. 3 at the moment, climbing to its highest and more than a month. Opec now saying the worst may be over. Demandve boosted their and their crude outlook for the next four years at we have the dollar falling, and
Zealand is set for a shallower recession than previous years. The pandemic may have a lingering impact when it comes to government expenses. We bring you the numbers breaking this hour. Lets get you started with our lets get you started with a quick check of our markets trading at this hour. We had a mixed finish. Stocks, in fact, fell, erasing earlier gains after that selloff intensified. Tech fed chair powell not sure if this economic recovery will continue, that really dampening the moon. Tech communications leading declines. Switch of the board and you can see what small and midcaps did with the russell 2000, outperforming, look at that, up 9 of the close. We had the fed really keeping rates low, helping that entire sector. Pressure, andf that paired most of its losses with treasury yields climbing after chair powell also said the current size of the Asset Purchase Program was appropriate, the 10year yield hanging around the highest levels in almost a week. We also have the 530 yie
President trump dismisses talk of an extension. The markets are opening right now. U. S. Futures coming in slightly higher at the open. This, of course, after the regular session felt pressure. Stocks falling for the fourth time in five days. Had the stimulus package being blocked in congress. Both sides are far apart when it comes to more stimulus measures. Leading the decline. Volatility much higher. The dollar also strengthening. Weakness in the pound. The pound picking up more than 11 , although we did see the u. K. Refusing to withdraw legislation to tear up the brexit treaty. Look at what oil is doing at the moment. Oppression, 37 a barrel under pressure, 37 a barrel. Lets see how things are shaping up for the asian markets. Futures are mixed, but we could be looking at a down day this friday in asia. Back to back weekly declines. Australia, we are watching commodity stocks. Chinas plan to boost the reserves of oil and strategic reserves. Over in japan, we are keeping an eye on n
Bloomberg sheells will not take the path of least resistance. Dampenssystem fault hopes of japan replacing china as asias trading leader. U. S. Futures opening the session pretty flat. We sought u. S. Stocks gaining ground in the regular session, but this after a volatile session. Their hopes for another round of stimulus measures. We have a house voting on the democratic relief package they are tonight. Watch out for that. The s p 500 gaining ground. Most sectors closed higher. The nasdaq gaining more than 1 . We had a mixed sure when it came to the jobless claims. Are on the u. S. Jobs report tomorrow which is the last one before the president ial election. We have the dollar losing ground as we saw demand fading. Look at the bti. Wti. We saw pressure as it will to over a twoweek low. An unexpected return of libyan output that putting pressure on prices. Here is sophie in hong kong. After the volatile session on wall street, we might see a muted day here in asia with india joining th