Profit increase as iron ore holds up amid the pandemic. Relations go even further. China says attacks on tiktok were bullying and rejection of fair competition. Shery lets get you started with a quick check of how the markets are trading. U. S. Futures opening flat after the s p 500 and other major indices ended the session mixed. We had a rally in Technology Companies with the nasdaq gaining 1 . Selling off sos the s p 500 was dragged a little lower. Still closing at the highest level since february. The third time in the past week that the index topped above its february closing record during the session, but ended below it. Still up more than 50 from its march low. We did get more positive ecodata. A gauge of Builder Sentiment jumping to the highest since 1998. Take a look at oil because that positive sentiment over the economy taking oil for a five month high, all the right now under pressure. Wti now headed towards 42 a barrel. See how things are shaping up, here is Sophie Kamarud
Versus value. We had the nasdaq earlier this week trading at record highs. We have not really seen the other indexes get back to those record highs. Wayrussell 2000 is a mild is a mile away from its record highs. Are you comfortable with this idea that we only have a relatively small cohort of companies and sectors pushing this market higher, or do you want to see broader participation . I think it helps make sense of the market action. Thinking through, where would you want to put capital to work . What is driving this vshaped recovery . I think it would be quite irrational given what is going on with the pandemic and the broader economy. Investorson here for is where do you put capital to work from here on out. These positions within technology, there are some unstoppable trends like digitization, cybersecurity, which are really interesting given the work from home environment. Some of that, we do believe would continue to move higher. An area that you like. That not just the fact th
Now on bbc news, live to singapore for Asia Business report. The supermarket giant halts production at a chinese factory over claim prisoners were full to to work against their will will. Why india is becoming a stop off for major artists like u2 when they go on tour. Good morning and welcome to this monday edition of Asia Business report, live from singapore with me, mariko oi. Lets begin with allegations of falsely labour because british supermarket chain, tesco, has decided to suspend production at a factory in china after a six Year Old Girl from south london found a message inside a christmas card, allegedly written by prisoners in shanghai. The message said, please help us and notify Human Rights Organisation dobbie Katie Preston has more. It was 6 Year Old School Girl Florence Widdicombe whod sat down at home to write christmas cards to her friends and family when she discovered that one of the cards had already been written in. We were writing in them and about on my sixth or e
Billion listing in hong kong, amid the political unrest in the territory. Also in the programme. A fall generally and asian shares, but markets rally. Helping the Beauty Industry go green. Well talk to the woman who says you can look good while doing good. A study estimates up to a0 million old, unused tech gadgets are piling up in uk homes. So, what do you do with your old phones, computers, etc . Let us know just use the hashtag bbcbizlive. Hello and welcome to business live. Get your tweets coming in. I have drawers of old gadgets, but i do not know where any of the charges are, slight problem a major complaint by many workers across the world is that their salaries remain fairly stagnant, while their bosses continue to enjoy bumper pay rises. However, times may be changing. A new report by the High Pay Centre suggests the salaries of chief executives for the uks top 100 listed companies saw a significant drop last year. The report found that median pay for ftse 100 bosses fell by 1
Topsyturvy trading going on. Bit daytoday was a little weaker. I didnt think it was that horrible. Kirilenko 14 jacob guy if you 14 . Caroline guy if you cant if you really think about how we got to that number there are mitigating circumstances but the u. S. Market essentially bounced back toward the close yesterday so we did see a largely positive and to the day. 5 could see we were up by and the average was up by a 4 10. The equity markets did not feel like they got knocked but they have had some bad days. Caroline and it is easier to see such volatility when you have volume 15 below the average of the past three months. House end it was the builders that managed to fuel that resurgence. Guy chance that everybody is talking about and i have read my third article now the producer pointing another when out this morning is this chart here. Post china seems to have got everyone thinking. It is basically equity markets continuing to rise but highyield credit on the way down and it is tha