Republican leader Mitch Mcconnell says President Trump is right to protest the vote cap. The u. S. Sanctions more people in hong kong over chinas increasing control. Washington has suspended its treaty with hong kong and ended reciprocal treatments on shipping. Haidi lets take a look at this market situation we are setting up for. It is firmly risk on after all the really bullish view overnight on account of the high efficacy from the biotech vaccine. Asx 200 trading higher by 1 10 of 1 . It is a handful of asiapacific markets there is or going into overboard territory. One of those is new zealand. We are seeing kiwi stocks of about 9 10 of 1 . We have the rbnz decision ahead of us this week but that market is up now for six consecutive sessions. Nikkei futures reversing pretty dramatically at the moment. Above looking at opening 25,000 for the first time in 30 years. Trading at thell highest since november 1991. A quick look when it comes to u. S. Futures as well. S p active futures u
Thought to be controlled by the Peoples Liberation army. And policymakers seem less likely to go down that route decide besides providing support for a long time. Shery lets take a look at how we are setting up an asian markets. Looks like trending a bit lower in sydney. U. S. Stocks really doing pretty taking overrallies adding to concerns about tougher lockdown measures with the existence of an effective vaccine. Downside about a quarter of 1 and that market along with new zealand looking pretty overheated after the recent run of gains. Continuing to push back expectations for negative rates. Chicago futures moderately positive at the moment. The yen seeing a little bit of a gain but we have seen a new daily record for Coronavirus Infections in japan this week. Authorities hinting they could need to take stronger measures to halt the increase in the spread. S p acted futures up by. 2 sessione active cash sank as much as 1. 5 overnight. Shery lets turn to our top story President Trump
Polls today to elect a new president among those closely watching is china and its relationship with the u. S. And perhaps with the world has changed significantly over the past 3 and a half years from its trade war with the u. S. To the dispute over who way and the face off economic Hub Hong Kong chinas export oriented economy has faced Turbulent Times now it wants a new direction the fate of which could depend heavily on who sits in the white house. Across the west chinas economic model is coming in for closer inspection. The long held notion that free trade would bring democratic reform and openness to Chinese Society is now largely perceived as fiction. Instead as chinas economy has strengthened so has beijings resolve to go its own way made evident with recent crackdowns and change on and hong kong. What happens in hong kong and you. Have remarkably little to economy consequences for the chinese Chinese Government at the school now its not just the u. S. Thats mulling a rebalance
Celebrates its national day. Doctors and Health Workers on strike in peru as the latin american nation struggles with a rising coronavirus death rates. And u. S. Airlines appealed for billions more in relief to all those to avoid laying off thousands of workers. But 1st star media and azerbaijans leaders are resisting growing International Pressure to end their conflicts over the disputed region of nagornokarabakh french president emmanuel micro and Russias Vladimir Putin have joined calls for for a cease fire a civilian and military casualties continue to minds open for sarah walker reports now from tbilisi. This is going to care about this deadly war films by news site had to get out. Of the armenian frontlines. You can hear the sound of the drone. Soldiers desperately trying to shoot down. I mean ian forces have dug in but as a by john says this war will end only with the return of the disputed territory. The cost of that war so far the numbers of azeri dead and wounded is a secret
Senate committee on finance, subcommittee on International Trade customs and Global Competitiveness will come to order. I know this seems a little strange, with an empty room, except for three witnesses live in front of me and many of our colleagues are going to be joining us virtually. But i want to welcome all of you nonetheless, to this important hearing. This subcommittee continues to do its work in exploring the unfair trade practices, a foreign governments especially china and russia. The topic of censorship in china is a common one, because its growing effect on business in the United States. Is as well as culture. Last fall for example, the National Basketball association has its Market Access locked in china. Because an individual american citizen, using a media platform not even allowed in china, expressed a political opinion. Now the topic has become much more important, the lack of timely Accurate Information about the spread of covid19, due to chinese censorship has contri