That has been totally unpredictable and has led to this word going on forward, which is uncertainty. Uncertainty and economics, uncertainty across investment. Says it isnuchin across finance as well. To me, the hard question here, forget about hong kong, about Boris Johnson talking about the fdr new deal for your united kingdom. Windows thehing is next round of fiscal stimulus appear. Jonathan there will be huge pressure to deploy yet. The message from chairman powell is we will not fully recover until we control this virus in this country. And the radical uncertainty being expressed by policymakers by fed chair jay powell as well as Steven Mnuchin gives people certainty that we are going to get more stimulus both on the fiscal and Monetary Policy front. Among the things i am watching today, we are getting a further read on the Housing Market after the pending home sounds data pending home sales data. We are taking a look at where prices are increasing the most. We will be hearing from
Barrier. Softbank is said to be planning deep cuts at the vision fund which could affect 10 global staff, souring bets on tech are takingke their toll. Haidi a mixed start to a politically driven status when it comes to the markets today as we get that precedent being set with that security bill as well as greater considerations over what kind of reopening and second wave issues we are seeing across the rest of the regions. We are seeing new zealand markets starting off the day with tepid gains. The session looks a little bit more muted for the rest of asia. We are seeing japanese futures as well as Australian Futures pointed a little bit higher. Those in hong kong seeing retreats. The npc is being i to be passing the Hong Kong Security eyed to be passing that Hong Kong Security bill. The u. S. Sees 100,000 deaths. We are watching the oil story, seeing whether this pause in the rally will continue given concerns about renewed production out of the likes of russia. Shery to our top stor
A big majority for Boris Johnsons conservative party in the general election. The s p hits another record high as the Federal Reserve upgrades outlook for growth. U. S. Stock and bond markets are closed today for thanksgiving. We are less than half an hour to the European Equity market opens lets take a look at how futures are set up. We are seeing risk sentiment hey little bit. Weday, we stop the sox saw the stoxx 600 close one point off a record high. We are dropping from a bit of a high point, weaker on ftse 100, dax, and cac 40 futures. Risk off sentiment we are seeing globally after President Trump signed the hong kong bill. We have had some comments from the Foreign Ministry in terms of retaliation that might be causing extra concern. In terms of the u. S. Market, yesterday we saw the s p 500, dow, and nasdaq all close at record highs for a Third Straight day. U. S. Data perhaps help that along along with the fed beige book. In terms of other markets, looking to gmm. We have had
Bond market barely budged today. Was todays rally the last best chance to sell we dont want to rain on anybodys parade we are sure a lot of people out there are very happy that stocks rallied today, but at the same time for an asset class, the bond market that has moved so, you know, extraordinarily in the past week and a half or so, for it to barely move today, thats a head scratcher. First of all, lets be clear. Love mariah carey whenever i can get her, especially in the heat of the august summer season. But what you are talking about is treasury is at three basis points we havent been here since 2007. You have a dynamic with the bond market, long bond about to set historical lows. Lets talk about the rest of the world. In germany theres zew Economic Confidence back in 2011 levels when we were talking about green chutes or so it seemed. If you think about the equity markets euphoria today and is it a gift from santa or truly just a reminder that the market is responding to headlines
Lets start with todays market as you heard scott say, were heading to session lows. Dom . Just about session lows. Its been a generally positive day, kelly, to your point. But at the highs of the session, just to give you an idea of the context today, the s p 500, which is currently up seven points right now, was up roughly 42 points at the high, and up roughly two points tat lows of the session. Again, 4224 is the last trade there. Keep an eye on 4236. We mentioned this socalled 200day moving average or longer term trend line for the markets on a rolling basis, thats something traders are watching. The dow industrials up about one quarter of 1 , 32,029. The nasdaq up to 13,040. So losing some steam in this midday part of the session. One part thats been gaining steam throughout the course of the last weeks is bitcoin. If you look at this chart, over the last year or so, we have now topped 33,000. At one point today, depending on which metric or exchange you looked at on bitcoin, we we