The dollar gaining some ground after paring losses after that meeting. Fx sellinging asia off, especially the renminbi after reaching may 2019 highs. There are signs perhaps the currency is being overbought. Expecting boj, boe, and Bank Indonesia today. Those currencies and focus. Watching the bond market as well put it did not get adjustments on qe from the fed. We saw the 10 and 30 yield spike coming off a little now but that did lead to earlier the yield curve steepening and coming off a little. We are watching brent crude as well as wti. Also saw off some of the highs we saw overnight. There is optimism for demand but that is also losing some of those gains right now. Tom lets get you up to speed with some of the first word News Headlines and other stories. President trump says a Coronavirus Vaccine could be just tribute it widely as early as october, contradicting statements by some of his top health officials. The head of the centers for Disease Control and prevention told a Sena
Jerome powell talks of heartbreaking harm from the coronavirus and says the pandemic has brought the u. S. To an abrupt halt. We are seeing optimism with asian stocks really prized to follow the leader when it comes to gains on wall street overnight. The s p 500 gaining 2. 5 percent, touching a sevenweek high as we have the dual optimism over expected track to a vaccine with the socalled operation work speed from the Trump Administration. More encouraging news about efficacy on a Gilead Sciences therapeutic as well. We are taking a look at gains resuming in new zealand. Japanese futures pointed up after yesterdays public holiday. U. S. Futures also showing an extension of those public gains. On seeing futures looking positive as well. Korea closed today and hong kong markets closed for the birthday holiday. Taking a look at oil because we are seeing a second day of gains for wti up, the 22 plus gain in the overnight session. We are seeing opening up here higher by over 6 in asia. This
Come along with me. Step into christmas. The admissions free. Lauren welcome to fbn a. M. Good morning at home. Im lauren simonetti. Im deirdre bolton, in for cheryl casone. Keeping you company. Lauren we look like christmas this morning. I was thinking that. Lauren the music, the scene, merry chriss mass rally last christmas rally last night and historic vote to impeach the president. First lets take a look at how your money is moving. Dow futures gaining 31, nasdaq up about 4. Stocks in asia mixed. If you look at the japanese market, lowering the kospi, the if you like, nikkei as well. The kospi is a little higher right now but the nikkei is down after the central bank in japan p kept moneyly policy steady. Lauren the ftse is up 15 point, cac slightly higher, dax down twotenths of 1 . Nancy pelosi is considering bypass aing a senate trial after the Historic House vote to impeach President Trump. Th it is not letting the te president is not letting it stop him, rallying in michigan. R
We are seeing a little bit of psychiatry and a lot of focus is a alive have and what that is on the fed and on a repo rates and the global reaction. This is the stocks europe 600, unchanged. Pretty much flat. U. S. 10 year yield will move does next. At the fed we are 42 days away from exit brexit. It is the second day of the Supreme Court hearings to see whether Boris Johnson programming parliament was illegal. Coming up, we speak to the chief executive a chief of a retail and Global Supply chains. But first, lets get news. Neither Prime Minister Benjamin Netanyahu or his rival look to have a clear path to form a clear government. Exit polls indicate the two blocks are neck and neck. Official results are not expected until next thursday. There will not be and cannot be a government that leans on arab, antizionist parties that negate the very existence of israel. Parties that exult and appraisal bloodthirsty terrorists murdering our soldiers, citizens, and children. Carney mayu. K. , ma
Protests as police used Water Cannons for the first time. Manus welcome to daybreak europe. Ae question, are we just on staging post, all out 25 tariffs . Morgan stanley warned of a meaningful risk in the trade war of escalation and a risk of a global recession. If we move to 25 percent on all imports and it sticks. That is the new level of conversation. Escalation risk. Nejra extraordinary times. One trader talking about the fact that President Trump can wreak havoc in ways no one ever thought of. Weird would be one definition of it. Dollaryen, we have already traded through that. Dollaryen is the very personification of where you would want to lean in to. Yen againstlook at the lira. Demolition derby. The chinese vice premier, willing to solve the trade problem by dialogue and calm attitudes. You wantnt think that to buy treasuries at the lowest level since 2016, where might you put your money . Gold, the highest level in six years. Etfs sucking in the money. Have a look at your s p