Hsbcs turnaround picks up speed. The bank surges in hong kong as speculation grows around a return to Dividend Payments. Good morning, everybody. It is wednesday morning, just over an hour away from the start of cash equity trading. Lets look at futures. European equity markets, u. S. Equity markets of by more than 1 . And, of course, we have touched the levels key levels. The dow at 30,000, and the s p touching an alltime high at the close as well. Real strength coming into today, in futures suggest we have some upside to play for. Futures all point higher. European futures also to the upside. Ftse futures up by about 0. 3 . Broadly speaking, it is the same as the last couple of days. We are talking about vaccine optimism. The news about janet yellen picked up the appetite. It is into just stocks. We can look at what has happened through the asia session. Some of the markets in asia have turned increasingly negative as we have gone through the session. Parts of asia now retreating. Th
Clearly, coronavirus is not impacting future sales all that much at the moment. , data as well, storage center, those kind of chips doing well. That is having a halo effect on some other chips. A couple of them are lower as well. There is some treasury buying along with the equities bounce, so we have to take note of that. 7 . 10 year yield at 1. 5 we got Consumer Confidence data above 100 today from the university of michigan. Preliminary february data increasing, and revisions to december. That said, retail sales didnt exactly reflect increased confidence. They were pretty stagnant, if not a little disappointing. Guy here in europe, stocks heading back to flat. We bounced off session lows. Volume is ok. We are going into a long weekend in the United States. Do you want to carry positions over that weekend . Eurodollar positive, but only just. Data out of germany pretty weak today. While we are seeing some commodities trading higher today, you always want to Pay Attention to what is h
catch up. not such a happy new year for chinese stocks. they reopened to huge losses after the extended lunar holiday. containment. the pboc seeks to mitigate the fallout, slashing rates and pledging ample liquidity. and crushed. commodities are also hit in china as bloomberg learns demands for oil falls 20%, iron ore futures dipped by the daily limit. we are just under an hour away from the start of cash equity trading across europe and in the u.k.. let us take a look at futures. you have green arrows here on all the major equity indexes. dax futures up 1/10 of 1%. you can see ftse futures are up as well as cap, about 0.3%. if you look at u.s. futures, they are showing bigger gains. half a percent or more in terms dow, and nasdaq futures. what do you see on the gmm? anna: we will return to the macro picture in a moment. a bit of micro news, imperial will join as ceo, stepping down another company and joining the board of imperial brands. we will keep an eye on that. back t