Are made after winning the fda approval. Linda severe is the first to gain fdarst approval. President trump used it when he had the coronavirus. Lets see sydni joining the fray and this fridays session. Week ofto the last trading. We are seeing pretty modest gains at the start of trading. Under 1 10. The aussie dollar is showing strength. Broaderitting against a drop kiwi stocks are just moderately. Going out to stir up merck conversation as to when they would feel to take a break and negative territories. Markets are looking at that in the early part of next year. The kiwi dollar is holding firm. In terms of what else we are watching, and the japanese markets, we are seeing a pretty lackluster start to trading there. Singapore is expected to drop a little bit later as well. Story,to our top President Trump and joe biden are preparing to face offer a second and final time. Their last debate will be in nashville in a couple of hours. The biden camp is saying that they are repaired for p
Company ipo in a year, if approved by President Trump. Is this ride hailer. Eeking to shore up cash haidi lets look at how we are setting up for the final trading session of the week in asia. After a pretty lackluster session, we had u. S. Stocks passing some of those parsing some of those losses, still dropping for a second day but finding support after bouncing off the 50 Day Moving Average on the s p. S p futures seeing a little positivity on the u. S. Fridays session, about 0. 2 higher. Tax leading the client is apple, facebook and peppe microsoft are weighing on declines. We saw a Little Movement in treasuries as well. In asia, the nikkei 225 is seeing an upside, 0. 1 when it comes to futures trading in chicago at the moment. Dollar weakness yen strength will be an issue, the. We have the yen appreciated to the strongest level in six months across broad dollar weakness. The u. S. Dollar index falling for a fifth straight session. We are also keeping watch on the dollar and how it
Delivery of 7 . Look how we are in terms of the major indexes. Asian markets, most in losses tracking to 3 drop on wall street overnight. Opened slightly earlier love earlier. Slightly lower earlier. We are watching petrochina down at this point in time. The hang seng, down about 1 . Kong announced an expansion of its restrictions aimed at curbing the spread of covid19. That would weigh on the economy even more. The sti, down more than 3 . This is a market that returned to bull territory recently and citi said investors are pricing in post recovery. Singapore reports higher cases, more than 1000 for the second day running. I want to dial back to the oil story because we see oil moving to the upside after two days of unprecedented action and a spectacular selloff. Opecplus ministers holding an unscheduled conference to discuss what has been going on. The closing statement signals there are no new measures planned at the moment. Lets bring in mliv asia editor. Oil is on the up. We had tw
Turnout in hong kongs district elections as protests have their say on carrie lams government and drive for democracy. Stocks with these risks, are still managing to push ahead to a third monthly gain. Lets check out how u. S. Markets closed friday. S p 500 closing just higher, led by automakers. Stayingt weekly loss, within 1 of a record high. Treasuries flat for an eighth session on friday. The curve has not yet inverted but we are keeping an eye on that. Looking at the mood in asia, we are setting up for a mixed start. Shares to the downside at the start of a week which brings us gdp reports from india and taiwan. And a policy decision from south korea. Here in hong kong we are going to get trade data on tuesday along with alibabas secondary listing in the city. This, after elections took place on sunday, november 24, which also marked 50 years since the debut. Sterling is testing fridays high against the euro after the u. K. Conservatives unveiled the election manifesto. China said
They are weighing new investigations. A record turnout in hong kong as prodemocracy looks set for big gains. It is the first opportunity for hong kongers to vote after months and months of violent protests. Paul lets get you across some breaking news on the bloomberg terminal. Carl icahn is said to seek control of occidentals board. He plans to nominate 10 directors in an attempt to seize control of the u. S. Oil and gas producer. This is according to people familiar with the matter. Is said to be looking to seek control of occidentals board. We will bring you more details on that as we get them. For now, trading has begun here in australia. Lets take a look at how we are tracking. Currently higher by just over. 1 . We have a staggered open here in australia. Stocks coming online in alphabetical order. We are currently in the as. The one we are really looking forward to is westpac in the ws. This packet slipping about 7 in the last week on the back of this Money Laundering scandal. 4 o