Overnight was in the belly of the curve of the fiveyear as the fed committed to keep eyeing bonds. 10 year yield is also at the lowest in a week. You see that in the aussie markets with 10 year yields down , so belowbasis points the 1 threshold. Yen. S are bid up with the it breached that 107 mark. We are still around 10693. Hong kong dollar also breached that small and. End. Very strong side of 775 7. 75. Crude continuing the climb after the u. S. Stockpile data. Highest in nearly four years. Gold futures getting a boost from the fed. Bond yields staying low. That is helping to provide this rally. Has. Haslinda expectations of a long road to recovery. Ovishost average dub signal. Our Global Economic and policy editor Kathleen Hays is here with powerful words from jerome powell. How bad is the feds you of the economy to be so dovish . It certainly has reassured investors that the fed is going to stay for some time. I think when people saw the made jobs report of payroll at two and a ha
Here as well. Looking at continental europe, spain and france are two countries the hardest hit by the coronavirus along with italy. They are set to ease lockdowns. We have Pedro Sanchez expecting to announce the loosening of measures after the weekly Cabinet Meeting which takes place later today. Later today also, france will be presenting the governments blueprint to the National Assembly on tuesday afternoon, and that should outline how they plan to ease peoples confinement as well. Is the original epicenter of the outbreak on the continent that will soon allow people to leave their homes for the first time in weeks, and that should mean they will be joining other countries including the likes of germany and austria in relaxing of shops to array open up including tattoo studios. In the u. K. , Boris Johnson saying the British Public should keep on obeying lockdown rules to avoid a disasters second wave of this outbreak here as well, coming as the number of recorded deaths from coron
Climate change. Boeing brings its failed spacecraft, at the end of a difficult year for the company. Get you started with a quick check of the markets. The u. S. Session on friday, markets wrap at record highs with the dow seeing its biggest gain in a week. The s p 500 seeing the biggest weekly gain since september. We had health care and tach leading the gains on the s p 500. Strong consumer numbers out of the u. S. Gave the market a boost. We are setting up for a Holiday Light calendar this week. Most stock markets across the world will be closed on december 5. We have u. S. Newhome Sales Numbers to look forward to on the monday session. Lets see how we are setting up for the asian markets. Sophie after a lackluster friday, we are mixed this monday. They were going to be gauging reactions to reports that japan has eased export controls to south korea. Lets check in on aussie bonds at the start of cash trade. We have the aussie 10 year yield rising back above 1. 3, the highest level s
Sovereign bond markets are starting to reprice, with yields heading higher. That gives pressure to equities, but we are seeing the csi 300 up 6 10 of 1 . The dollar has been mixed against asian fx. The korean won is losing strength. Show you whats going on in the bond market, there is glaring red. Its what we saw in the 10year yield, back above 2 , well back above that. Franklin templeton, dont underestimate how high the yields can go. They are saying 3 is possible. Youre seeing that movement in the aussie and 10year, up 11 basis points. Just a slight move when it comes to jgbs, negative. 13 basis points. Ahead of export and import data coming out of china. Take a look at this chart, what we are talking about, imports, soybeans in particular. Basically whats been going on, President Trump is complaining now that resident xi jinping is not delivering promises of buying agricultural products. Guess hes right because you see the downward trends but the last couple of months or so, we saw
Are not sure. Lets see anymore. So you sit lots of people as in the store, so we never see any of the speak, but as v t. So hes put a z g the metal just a minute please. Is this the part to multiply somebody pretty nearly bye. You too, is up and thats a shame. So you want us to use your stance for martha at the that they use this place to describe as v to please to provide more than those so that i see you could work more than about the to the students. I suppose i use the assessing see, let me you delete this key lower than the 2 most in the near. The city of gravity is one of that 1st thing is fairly clear with history, lies lies. But things get more sophisticated when it comes to your opinion. And values the average citizen might not know that 8 out of 10 very much so just died on the eastern front. Meaning this 80 percent of its military manpower and hardware was destroyed by the red army. Making it easy to convince the average citizens that it was the u. S. The defeated nazi germa