Major funding for the pbs newshour has been provided by when the world gets complicated, a lot goes through your mind. With fidelity wealth management, a dedicated advisor can tailor advice and recommendations to your life. Thats fidelity wealth management. Consumer cellular. Johnson johnson. Financial Services Firm Raymond James. Bnsf railway. The william and flora hewlett foundation. For more than 50 years, advancing ideas and supporting institutions to promote a better world. At www. Hewlett. Org. And with the ongoing support of these institutions and individuals. This program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Woodruff a newlyelected joe biden is moving tonight to set up his presidency. A defeated donald trump is moving to oust those he deems disloyal as he refuses to aid the transition. Looming over it all, covid19 and potentially hopeful news. Lisa desjardins begins our coverage.
Writtish capital is set to see tighter virus measures. Here in germany, new cases rise by a record amount. Goldmans golden earnings. The bank posts wall streets biggest jump in bond trading so far this season. Revenue at all four divisions is up on the year. And burriss johnson tells e. U. Leaders he is disappointed by progress in brexit talks. The city of London Corporation urges both sides to avoid an act of self harm. Just under an away away from the start of european and u. K. Trading. We are seeing futures down substantially across equity indexes. 66 . Futures down. In terms of u. S. Futures, we see losses of about a third after percent, a little more on dow ubledigit on the jones and s p contracts. Anna, what do you see on the gmm . Anna lets get to that and see what is happening over in the asian session. We are weaker. We have futures pointing lower in the u. S. And you were and weaker through the asian sector as well. Outh korean sector down by. 7 . A lot to think about. The v
And the couple of months. Togetherr euro coming to make the short term inflation outlook for the euro look a worse. Alix even though the words she said we might have heard before there is debate developing for the ecb. Are they going to be reactive or preemptive . That really hinging on inflation targets. Maybe we will get more on that over the next couple of days. In the markets, a fierce rally in europe, the u. S. , a lot of money pouring into tech. The nasdaq 100 futures are being shorted by the most since 2006. Pop. E seeing a last week it was about the stronger dollar and now you need to sell the dollar top. Yields go nowhere, oil goes nowhere. Now ofraho joining us ubs. What the ecb says, what the fed says in stark contrast to stimulus. In the u. S. , there is giveandtake on either side. What happens if we do negative stimulus deal . Jason the fed is going to be reactionary. We are fairly optimistic about the economy. Howell said he was on the optimistic side poweel said he is on
Arizona, and hospital cases in california all marking new highs. Plus top advisers to President Trump are set to urge the u. S. To undermine the hong kong dollar peg to punish china for its crackdown in the city. Ons get a quick check up how markets are set up for the open. Here is Sophie Kamaruddin in hong kong. Sophie in asia this wednesday, we are seeing a mixed start to the session with focus on china and if mainland stocks can keep up that rally we have seen for six days. Futuresd 14 so we have in the green for the most part. Hang seng futures settling higher after the rally did stall in hong kong on tuesday. Switching out the board, checking in on the hong kong dollar, which continues to have the 7. 75 mine as they continue to defend the peg, we are seeing little reaction in the curb. Jumping into the terminal for a big picture book, low 200 pips after the spike we saw in may but staying elevated on economic and political uncertainties. Tracking any reaction to a bloomberg report
Be also not seeing the robust gains we have seen the last couple days. Looks like we are snapping out of six days of gains for mainland shares. Hang seng also down 53 points or so. Nikkei futures slightly positive. We are watching currencies and other bonds as well. We are looking of course at the dollar which is holding pretty steady after we saw some strength in the u. S. Session. Chinese 10 year yields, yields actually falling lower by two basis points. Offshore room and be back above 710, 702. Aussie dollar continuing to see weakness with victoria, melbourne under a six week lockdown. And of course we mentioned the yen earlier. We are watching the hong kong dollar very closely here. Our scoop on how president trumps aids are waiting proposals to undermine hong kongs dollar. Seems like right now it is just talk, a lot is hypothetical. You are seeing a lot when it comes to the spot rate, but you see of the bit of movement in some of these markets, up slightly. Of boostingback interve