Upside. Looking at commodities. Crude moving to the upside. A big move to the downside with , on the vaccine and signs of Economic Growth in the u. S. Particularly helping people not to look for havens or avoid havens, get out of them. Gold down half of 1 . Bitcoin surging up again, it has above 18,500. Juliette lets get the first word news. The head of the u. S. Government Coronavirus Vaccine program says results of trials by astrazeneca show encouraging signs it may help block the most severe cases. No one given the vaccine developed severe covid, while 16 people on the placebo debt. He called the results excited. Nine, reports 70 process astrazeneca report 70 success. The centers for Disease Control a model shows weekly u. S. Cases and deaths rising every week for at least the next month. Italy is the Second European nation to report 50,000 total fatalities. The u. K. Is extending lockdown next week in favor of even tougher regional curbs. Reports from washington say the Trump Admin
Is the first air travel bubble of its kind. There we go. We should be watching airline stuff as well but a lot of that thisready priced in after bubble was announced a few weeks ago. A have a look at the tech index here. Alibaba and tencent on the market at the moment. They are taking 179 points off the hang seng index itself. That is as we are seeing this rotation out of tech stocks, a global phenomenon at the moment. This will be because of the regulatory challenges we will be facing through some of these online retailers. Juliet . Juliet lets get Market Analysis with patrick, the global asset strategist. Patrick, we are finally getting this news of this travel bubble between singapore and hong kong. This is one thing that investors have been looking for when we start to see Global Travel open up and how that will feed into the energy markets. Lets get to our question of the day. That is when will crude back to these march highs . What is your view . Patrick morning. We are not speci
thereabouts. picking up where it left off. resumes, let s get to market contagion. these are some of the asset classes. health care is having a good time of it. we did see a bit of a fall back session on health care relations. fallingokings are people fear getting the virus. discretionary s are pretty much flat at the moment that is the current state of play with some of the subsectors . this is a look at the chinese markets. you can see further weakness in the yuan. let s get off to new york and first word news. we start with lebanon, which hopes to end three months of unrest with the announcement of a new government. professor at beirut american university will head a cabinet of 20 ministers. backed by acialists wide array of parties. he takes office after weeks of street protests sparked by the resignation of the then-prime minister. jeff bezos s mobile phone was hacked after receiving a message the crown prince of saudi arabia. analysist said digital suggested it starte
It is just 6 00 a. M. In london. Guy Commodity Prices and what has been happening to the rba. Dropping a critical line. It is focused on commodity adjustment and how it is feeding back into the aussie. Anna just a few months ago, the rba talked about needing further adjustments. The currency is down by 35 . Now, we are seeing a little bit of adjusting. Guy this is the aussie dollar versus the dollar. You can see a nice little spike happening here. A little bit of context is required. Let me show you some different time frames. This is the one year. To give you a sense of the declined we have been seeing. And the fiveyear. Anna it is a hurdle for any kind of further rate cuts. Lets talk about this in a little bit more detail. The bank of australia has cut the key interest rates. Bloomberg juliet is standing by with an update in hong kong. Tell us the latest. Juliet a nice surprise today from rba. Rates are on hold. Where carefully watching the language in the upcoming statements. Bloomb
Before we get to leave for our threeday weekend, but some people are already gone already. We are seeing a drop in the averages. This is the tightest we have seen at least this year. s focus on once esther one sector where we are seeing considerable movements, and that is retail earnings. Deckers have been estimates. There are still continues to be some speculation about the company. Ceo duffy writing in a note saying that these forecast results could enhance caleres, owner of Famous Footwear being at beating numbers in estimates of its top and bottom lines as well. These estimates beating numbers uso include also beauty ta beauty and costco, up , the 5 , and big lots companys earnings per share coming in ahead of what analysts has been anticipating. What about the bad . Gamestop, that company predicting that the growth that we have seen from the nintendo switch, which asked by also benefited from yesterday, it will be difficult to predict and maybe not as consistent. Abercrombie and f