Hang seng is flat. Taiwan is the leader on the board. We will talk about tsmc. They are gaining on the back of the apple news. We continue to watch dollar renminbi. 16 month high for the yen. We could be set for the best performance ever for the renminbi. Look at whats going on the rest of g10. Still seeing a strong yen. Pound is gaining for a third day at 129. The dollar falling to the twoweek low ahead of the fed decision. Take a look at bond yields ahead, not much movement. Its pretty quiet before the fed. Six the seven basis points for u. S. 10 year. Bondsl off in government the fall off in government bonds may have run its course. Saw the biggest cash injects and since 2018. Crude jumping on the back of that Better Chinese data we got yesterday. Back to our top story. A big win on paper, but not much in the real world. Says that Donald Trumps tariffs on chinese goods violated International Regulations, but its unlikely to make much of a material difference. Lets get more from our
Beijing praises the decision while President Trump says he is not a fan. A focusson says now on his cabinet lineup. And plans for structural reform. Are seeing a lot of investors sticking by the sidelines, a quiet session in the u. S. Overnight. Wall street hanging out to see what further guidance we get from the fed after their decision. A great chunk of investors will be waiting for more details as to the revamp inflation target. We are seeing futures trading flat. This after we saw u. S. Stocks rising. The s p seeing a Third Straight session of gains. For a change, we saw gains across tech, outweighing the decline we saw across financials. Treasury yields at the dollar end of the day, where they started. We are seeing the likes of the dollaryen holding steady, this as we look set to see the appointment of yoshida suda as the new japanese Prime Minister. As well as hearing more about whether we will see continuity across his cabinet appointments. We are watching at to see if another
The number in the United States is twice as many as any other country. And doctor Francis Collins who once led the human genome project and now leaves the National Institutes of health needs a competitive shark tank enterprise at the nih to discover new ways to create tens of millions of quick and extensive diagnostictests. Covid19 plans should last for at least a year. The government is pursuing vaccines at what it calls s work speed a, faster than weve ever done that before but no one expects a vaccine this august. The second half of the school year schools should be able to provide more tests, more treatments, better Contact Tracing and hopefully we should begin to have vaccines. It will likely be the fall of 2021 though before we begin toapproach normal. There are several reasons schools have an advantage in weproviding a safe environment for students and for faculty. One younger people have been less hurt by covid19 and older people. Although doctor county told our committee we sh
Not in line. What the bank is doing is looking back at inflation, but forward at what this Rate Decision may influence in terms of behaviour. I think, from last Bank Of England became, where they moved a 50 basis points, that was taken as a really big jump in rates. Since that decision, we have seen some improvement in inflation numbers. There were still some calming for a 50 basis point change, but i think that this was more of the consensus. As you say, the balance between trying to get inflation under control, because lets not forget, that also makes people poorer in the long run, and also, making sure that there is not too much damage done to there is not too much damage done to the economy is a Balancing Act that they have to play. And, if you watch some of the comments Andrew Bailey made after the meeting, there were some pretty negative outlook in terms of gdp and the general gross scenario for the uk. Scenario for the uk. And, a fine line in terms scenario for the uk. And, a fi
This weeks google next conference. This week, wikileaks published thousands of documents taken from the cia that expose a massive toolkit of cyber spying techniques. Cia hackers have the ability to access information from what were believed to be secured messaging apps. They can also run malware on windows and tap into samsung tvs. According to cnn, an official criminal investigation has been open. Julian assange of said he will work with the Technology Companies to close the gaps identified. Hearing these calls from some of the manufacturers, we have decided to work with them to give them some exclusive access to the additional Technical Details we have so that fixes can be developed and pushed out so people can be secured. Caroline Julian Assange went on to say the disclosures show the cia has lost control of its Cyber Weapons arsenal. Today we have been getting statements. They took a stab at Julian Assange. That was pretty interesting. We heard from them saying that the American Pu