These tech heavy benchmarks doing better than what we saw on friday. We are watching hong kong closely after we saw them arrests made after protests returned to the city. Looks like they are shrugging that off. Pretty steady for the euro. That ecb meeting on thursday. A lot of questions about how to tackle this euro strength. This has been pretty volatile of late. We get another round of brexit negotiations. Your off to your offshore revenue will be continuing. They onshore rate has had the highest stretch. Bond markets have been falling. Pickuptreasury yields after the u. S. Job report. These are back to the prepandemic levels now. Hedge inll a good these markets. Brent crude still following what we saw with oil markets. Around 42. Lets get more analysis now. With eight Market Strategist. What is your assessment of what the key drivers are behind markets in this part of the world . Good morning. Thank you for having me today. I think we are seeing an interesting trend. We have the sit
Time of year. But we are tracking that haze and that smoke, this is our smoke forecast and those red and purple colors indicate that intense smoke coming from those fires burning across our region. Well talk about what you can expect, taking you through our weekend and details on that coming up. But its a foggy start along the coast and right around the bay. And even across the Golden Gate Bridge. Gianna . Yes it is mary and thats where we start this around. Good morning. If you plan on taking the Golden Gate Bridge this morning you can see in the live shot its a little murky out there. So limited visibility might be an issue and in fact, chp issued a fog advisory overnight for the portion of marin city down to the Golden Gate Bridge there. So far, things are moving at the limit for the most part. You might see some slightly slower speeds as you head through the waldo grade and on the span itself. But taking a quick look at the Altamont Pass, here westbound 580. You know, things build
The heart ofe in the french capital and people are showing discipline. Everyone is wearing a mask. I have only seen a handful of people not to. Of course, they have to make do with the current situation. Emmanuel macron himself said he did not like wearing a mask either, that he does not have a choice, no one does given the current situation. He says he speaks of a reasonable constraint, and the situation is complicated with a surge in covid19 cases. More than 6000 infections within 24 hours. Authorities and the government want to prevent a lockdown which would be catastrophic for businesses and it will take its toll on the morale of the french people. There are some exceptions, cafes and bars, people having a meal or a drink are at the terraces and do not have to wear a mask, and there might be a good excuse shopping, who go people might have a break with quick coffee, and that might bring business, and there is the the issue of cyclists. At first, according to Police Authorities said
More Domestic Travel to a little more overseas travel now. Theaad lets get to markets and have a look at what is going on. Nikkei, in with the leading japanese shares, just seeing stocks drifting to the upside. We did see jobless numbers come out. Slightly better than expected, looking for a 3 jobless rate, but 2. 9 . Looking elsewhere, retail sales out of hong kong, looking also at the futures for the u. S. , pretty much flat. Asian equities drifting slightly to the upside. Looking at the shanghai composite, lets look at how the gpi is behaving as well. Just about flat. The shanghai comp, 0. 2 lower. Chinese Economic Activity continued to rebound. Expansion in manufacturing activity, just slowing slightly there. A Rate Decision out of australia later on. Expecting the rba to keep rates. And the singapore market 0. 6 lower. Quick check on the currency is, weve got a fifth straight monthly drop for the dollar. Bloomberg dollar index down by 0. 25 . The yen, a tad weaker. Euro currently
It is the end of an era, possibly. Prime minister shinzo abe plans to resign for Health Reasons. He is expected to make an announcement imminently. Jerome powell plans to let inflation and unemployment run there if he can get them in a ship that will likely keep Interest Rates low for years. Tiktok. Battle for walmart joins microsoft making a joint bid for the apps u. S. Asset. Can they fend off oracle . Just under an hour from the start of cash trading in europe. Lets look at futures this morning, even as the nikkei 1. 4 , you know, it had been gaining, the topics and the nikkei had been in the green and both fell. European futures are holding up. We still see green arrows on ftse and dax futures. Take a look at u. S. Futures. Green arrows there as well. Even after alltime highs once again hit yesterday on the s p and the nasdaq and the shinzo abe resignation report pulls down japanese stocks, u. S. Futures holding strong. Atside of japan it remains risk on and to the week. Anna a lot