To watch. Plenty of investors telling us they like the story in europe but is that overdone . We have a bit fiscal promised overnight from germany, and extension. Tom let me get right to it. Or can laura in a moment and then we will go to Dennis Gartman. Your first word news in new york. From theing today National Hurricane center, and says that hurricane laura will rapidly strength into a category 4 storm with winds of at least one of the 30 Miles Per Hour. The storm is expected to make landfall late today or early tomorrow morning along the louisianatexas coast. It has already disrupted oil and natural gas operations throughout the region. On the second night of the Republican National convention, speakers try to humanize President Trump and highlight his leadership. First Lady Melania Trump spoke from the white house rose garden. I dont want to use this precious time attacking the other side. Because as we saw last week, that kind of talk only serves to divide the country further. I
Panic or price spikes. Than 52na listing more times oversubscribed. We will assess investors appetite with the ceo, Joel Silverstein. Haidi that is a market highlight but in the meantime, lets take a look at how the set up in asia is faring given we did have the resounding tech rebound. Sophie, what are you watching . At. 8 . S p eminis stock futures pointing higher come of this ahead of the session that brings philippine trade data and a decision from malaysia. Beth are split. The malaysian economy is showing signs of a rebound. Korma she orders are due. We may see a pickup in cap exeter and by the auto sector in japan. From south korea, we are waiting on an announcement of a fourth extra budget that is expected later this afternoon ahead of that we have kospi futures looking a little bit lower. We have the kospi set to be the best performer in asia this month, up 2. 1 so far in september. A quick check on the offshore yuan just Holding Steady after rebounding on that dollar softening
Well despite the fact that we speculative trading should be curved up, well see how yum china is doing but a muted debut so far here in the city. We are expecting a Bank Decision highly expected to stay on hold here today. Also with the ecb as well. Watching the euro very closely. Did gain yesterday on the back of a report that some ecb officials having a little more confidence in the recovery from this pandemic ahead of its policy meeting. Theyre likely to hold. Well see what they say about the strength of the currency. 118 for the zero dollar. Pound still under pressure here. Things like the seems like the e. U. May be take manager Legal Proceedings or measures here to stop the withdrawal from this deal that Prime Minister Boris Johnson has been play to play out here. Your indonesia rupia as well. Recovering a bit on concerns about the Central Banks independence. Government think ceying it was opposed to the plan of a monetary board being set up at b. Y. Well dig deep beer shah in a
Microsoft overnight. That is being digested as well by u. S. Investors. You have the currency offshore at seven, currently. It is weakened by about 2 10 of 1 . The aussie dollar is looking like that, said he six. The euro is flat. The bloomberg dollar index is weakening, down a 10th of 1 . Lets move it down. The stock was suspended on july the 13th after they failed to get a renewal for their license. Currently trading at 10. It is down 30 . It just reopened after a 10 day suspension of trading. The company saying it is in talks with its creditors over longterm debt. It will continue businesses that dont require that franchise. Noncoret nunc activity. Rishaad china vowing to retaliate for the u. S. Closing its consulate in houston. Protectd it is to information. President trump indicated more such moves might happen. President trump as far as closing additional embassies, it is possible. We thought there was a fire in the one that we did close. Everyone said there is a fire, there is a
President trump has said, enough, here are the tariffs on the outcome of june, and other selected items in europe. Francine we were talking about it when the news broke on those tariffs. 3. 1 billion dollars, it is limited in size, but it is very targeted and it seems to be on luxury projects. Which is why we are looking out the likes of burberry and lvmh down 2 50 . And a lot of the beer things. We all can survive it. [laughter] ever allow you back in the u. K. Kamali we can discuss shopping here in london instead. Tom i will have to see. You may joke about it, folks. But it is not only the idea of tariffs, but coming at this time of Global Economic struggle. Much to talk about. Guestl go to our next in a moment on the virus and get his prognosis for america. First with the first word news in new york city, here is ritika gupta ok, we have a technical difficulty right now. Francine, a data check. Francine, pick it up, please, lets look at the markets. Francine a lot going on in the ma