Investors concerned about rising Coronavirus Infections and what that means for the recovery. Global deaths are approaching one million with record cases in france and the u. K. The Trump Administration given an ultimatum over tiktok to delay a ban or respond in court. Ban isnt trumps due to take effect on sunday. ,aidi it was a meandering confused session in the u. S. Investors seemed to be trying to work out where the lead was. Investors weighing the scanned prospects of another stimulus package against a resurgence, the second wave we are seeing across europe and the u. K. Modest gains but the s p has wiped out all of its gains for 2020. Futures trading up by. 3 at this point. When it comes to the asian trading day ahead, the nikkei 225 regaining a little bit of positivity. Modest gains of. 1 , trading in the futures session in chicago. In sydney, we are watching as to whether this surge we have seen in growth shares will continue. The msci australia index jumping to a record high c
Plus huber, mcdonalds and under all fall on earnings. A it is decision day, a Bloomberg Survey is 100 certain rates will be kept at hold. Markets have opened for trade. Any he stocksouse are faring. Is undere dollar pressure up a 10th of 1 with bond yields higher. A largely anticipated hold. The aussie dollar reversing a to . 70. A move lets get a quick check on futures elsewhere. Futures hitting gains and a little change for the japanese markets as they reopened there. The cost could snap a threeday event while kiwi shares are extending mondays gains ahead of vika data from the region. Ocbc, the Bank Reporting at 1. 7arter income billion. Thirdquarter net income coming in at 1. 17 billion. We are seeing the Interest Income coming in at 1. 6 billion. Income at just over one billion singapore dollars. Thirdquarter allowances for loans and other assets coming in at 179 million. See,e expecting to particularly when it comes to wealth related assets, seasonal benefit when it comes to hong
Yield down to basis points, the crude off 3 10 of 1 . Soggy is how i would put the market action. Time for your morning brief. Time for a look at the busy week ahead. Robert lighthizer and u. S. Officials travel to china for the first facetoface meeting since may. Tuesday, the bank of japan Rate Decision plus earnings from bp and apple and on wednesday we will get the fed Rate Decision followed by the chairs News Conference and earnings. Thursday we will get the bank of england Rate Decision as well as earnings from barclays and general motors. Friday it is jobs day for exxon and chevron earnings. Time for the bloomberg first. Ake the question is, the trade deal. On the agenda are still many things, from hallway to soybean huawei hallway wal to soybean buying. Low barthink that the for expectations is that they will agree to meet again, but no one is expecting breakthrough on the stalks and the best case is that they agree to continue them. Perfectly correct. The situation with the mee
Forecasts dont take into account that nodeal possibility. This is a key thing that mark carney is going to have to navigate. Heres been a big divergence a lot slowing rate and of people expect rate cuts. How do they forecast this . Do they make separate forecasts based on a nodeal scenario . What will it mean for the pound . Weve hit the lowest since 2017 in todays session and if mark carney does come out with a little bit more of a dovish statement in any way and that puts further pressure on the pound, that of course then could feed into inflation. So hes talked recently about the fact that he really does need to try to illustrate these market activities. Thats what the focus will be. Also of course on new growth and inflation forecasts. The key thing they said is that the uncertainty means a wide range of parts for the economy. There could be volatility during that News Conference. Lisa as we see the pound weaken, weve seen Inflation Expectations pick up. Lets throw up a chart here
Haidi welcome to daybreak australia. I am haidi stroudwatts ends in a emarketer just come online. Paul and i am paul allen. Big tech drugs wall street away from alltime highs as investors await nvidias earnings. Triggers starting to speculate whether the feds next move is a hike, not a cut. Haidi we and will works are among several Companies Reporting this week. Paul u. S. Warning allies that russia could deploy a Nuclear Weapon into space as early as this year. Lets look at what is happening in the markets, we have just opened for trade in australia. Early going. Scattered open. We are off by 0. 25 . We will be watching a lot of stocks today. Woolworths was out with earnings. The ceo is going to retire. He didnt have a great experience on local media this week, we will talk about that later. Rio tinto is one to watch as well, impacted by falling iron or prices. National Australia Bank had a trading update. Although stocks are somehow dumb. We havent got all those stocks are somehow do