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Index, just marginally down. The real story has been the bounceback after last weeks fall for bitcoin, approaching record highs. 19,595. 1. 1 to the upside. Drivings within opec that crude oil price down. Lets look at what is going on in the emerging market context. Asian markets are bouncing back nicely after yesterdays big move to the downside. What has been responsible for this change in mood . , onethink first of all should partly see yesterdays price action as an anomaly. I think the Way Investors are now returning to the positive things like easy fed policy, Global Economic recovery, which was confirmed by asian pmis and the index that just came out, and optimism about vaccines. Juliette and your team has written a piece on the e. M. Currency outlook for 2021. It reads quite positively. What is the basis for all that optimism . Maybe there are three reasons. First, valu ....
Talks have been delayed until thursday. Diplomatic and trade tensions between australia and china formed the backdrop as the rba prepares its latest statements. Economists see no change. Shery we will start with breaking news out of south korea. We are getting the final Third Quarter gdp numbers. When it comes to the year on year numbers, a contraction of 1. 1 . This is coming in a little better than expected. The quarter on quarter numbers also rising more than expected, 2. 1 , and beating estimates of growth of only 1. 9 . We have seen some pretty positive ratings especially when it comes to the south korean export numbers. They have seen a lot of external demand, especially in china and the u. S. , despite the fact we continue to see virus infections accelerate in those economies. Again, thirdquarter gdp numbers for the final numbers now beating expectations and coming in at growth of 2. 1 quarter on quarter, haidi. Haidi lets t ....
Were finally herein the last november 3, elecday. Ay, voters have submitted early ballots in Record Numbers with roughly 80 million votes already cast. In the nearly 4 years since President Trump took office, regulations have been rolled back, immigration has been th curtailed, andamerican judicial system has become significantly more conservative. This week, Amy Coney Barrett was sworn in as thnew a monday night ceremonythe a white house lawn. But according to polls him her confirmation has not yet proven to be a game changefor President Trump. Democratic rival joe biden is leading in several critical states and has raised more money. Joining me now by skype San Francisco, our turn on politics and governmen ....
Europe and other parts of the world that are not encouraging. Clusters in new york. As folks worry about the possibility of a second wave, or even a second wave that is seeming to be starting, you see those parts of the market hanging back. That is exactly what happened in january. In addition, the bond market in the u. S. Is closed for the holiday. Japanese yen, the up a second day in a row. Over the last two sessions, the dollar against the yen down the most since the middle of september. On the surface it is risk on, but below the surface there are nuances to keep in mind. Taylor thank do bloombergs abigail doolittle. Investors have been watching for ,ny signs of fiscal stimulus but any chance for a deal looking less likely. President trumps time to spark negotiations on of the round of virus relief falling flat with House Democrats and republicans on capitol hill. For more perspective, i want to bring in ed mills, washington ....
Monday had tested positive for covid19. applause it was a striking display last night as nearly 2,000 audience members did not socially distance, and largely were not wearing masks. The president did not mention the coronavirus until 30 minutes into his speech. And well produce a vaccine before the end of the year, or maybe even sooner. Reporter mr. Trump condemned looters and rioters and said only he could ensure law and order. My administration will always stand with the men and women of law enforcement. Reporter the president warned in dire terms that the country would suffer under a biden presidency. Joe biden is not a savior of americas soul. High is the destroyer of americas jobs. Reporter joe biden criticized President Trump for holding a super spreader event at the white house. Here in new hampshire, about 1400 people are packed into this hangar. Masks are required as part of a state ordnance but most people are not weari ....