Policy speech. The city faces rising infection rates and a clamp from beijing. Joe biden names his Foreign Policy and Security Team as he with to calm Relations International friends and foes. He says america is back ready to lead. Haidi lets look at the set up at the start of trading. We are seeing some green shoots at the open, about. 4 higher. Global stocks as well as asian stocks continuing to be on a tear. We are watching keenly for developments in kiwi assets, given we had the rbc releasing its semiannual stability report. This is pushing the kiwi dollar higher. U. S. Ashed through . 70 yesterday and we are seeing expectations of negative rates dissipate even further. Unlovedtors rotate into areas, it may not mean the end of things that have been successful so far. John praveen is Portfolio Manager for qma. He joins us on the phone from new york. We are talking about what happens to big tech given the rotation trade gaining a more solid footing. Is it the behavioral changes, chan
The unprecedented heavy rains inundated different areas of the uae. Many areas of dubai were flooded took the flood caused a lot of damage and disrupted traffic. At least 18 people died in oman. Some are still missing and rescue teams are trying to find them. The flooding in tanzania in east africa, which started two weeks ago, killed 58 people and caused a lot of damage. Heavy and nonstop rain in different parts of pakistan led to the death of 63 people and also in afghanistan , the number of flood victims reached 6 people. 13 palestinians were martyred and 18 others were injured in the israeli airstrike on gaza city. Airplanes the israeli war bombed the houses of the palestinians in a camp in the center of rafah. Field reporters report that dozens of people were martyred and wounded in this attack, most of them women and children. Zionists. Another residential house was bombarded in the city of rafah, which led to the martyrdom of seven palestinians, including five children. The mini
Eases the strain as the city looks ahead to the olympics. China has a puzzling problem, the labor market tight, unemployment low, yet wage Growth Continues to be week. Weak. We rarely talk about Wage Inflation in china. The other thing counting down to the open in china, last week, we that roller coaster ride brought together the nasdaq have a look at my chart btv 6495 on your terminal. We are looking at valuations about the same, 35 times current earnings. Is downhelp the chinext 14 while the nasdaq is up 18 . Perspective,ion right at parity. We talk about the nasdaq the nearer ring of that gap. We have a huge week when it comes to tech earnings, amazon, facebook, twitter, also big financials. That will determine the tech rallysoftware that goes from here, then looking ahead to the fed and u. S. Gdp at the end of the week, the imf report also interesting to see how they see u. S. Economic growth. On the last one, they did downgrade it. We are 30 minutes away from the open. Southeast a
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