Is for. Beethoven is for cars. Is for. Beethoven 2020 the 250th anniversary here on new. The uncertainty continues but investors seem to have place to their baggage stops again in shop me from wall street to hong kong as joe biden looks on course to win the us president ial election also coming up the Worlds Largest i. P. O. Was cute today but to beijing pulled to the pluck at very short notice whats behind this move we go to our correspondent in tie pete for. Hello and welcome to your business on one of the johns and good to have you with us so asian markets advanced as democratic challenger joe biden led to donald trump and republicans looked said to hold on to their majority in the Senate Analysts believe a divided u. S. Government would make tax increases and tighter regulations on business unlikely but im saying in Hong Kong Rose more than 2. 7 percent while the nikkei index in tokyo gained more than one percent investors hope they will beat a new rescue package in the u. S. Soon
A caller who itself is now in poland somebody because he was the only one basically who hasnt taken the hits from the government he had to leave the country he was basically forced them to detain her now by refusing to be edged out of her own country as so many other opposition figures have she has also been involved in the founding of a new party but i think that the early early early days of that kind of thing now at the moment this is about the symbolism of these protests coming out week after week and she is certainly one of the most recognizable and most competent faces of those protests even if those protests are happening without kind of an obvious organization or leader indeed coming out week after week i mean we saw sunday more siege protests that we have the same problems things farm what is now going to happen and what is next for the opposition. Im sorry there is no road map to this this is a country basically that had no politics of the possible to the century where one ma
Infections heading towards 16 million. Hong kong says the situation is increasingly severe. Has extended the Wage Subsidy Program beyond september to protect the economy from fallout from coronavirus. Shery a quick check of how the markets are trading. We are seeing u. S. Futures kicking off unchanged. This after we saw u. S. Stocks rally amid encouraging vaccine news, this time from the university of oxford and astrazeneca. The s p 500 finished at the highest since february, turning positive for the year. Tech and discretionary stocks outperforming. The vaccine optimism sort of faded. We have a very Competitive Landscape that failed to impress. Risk was revived in the afternoon session following improved u. S. Infection numbers. California and arizona reporting a slow down infections. We still have that stayathome defense rate being back with strength. The underperformance from the russell 2000 very pronounced, while the nasdaq also finished at another record high. Take a look at what
Infection rates low in tokyo but hong kong says the situation is increasingly severe. Jack ma looks to make more headlines. He is aiming for a 200 billion valuation with between listings in hong kong and shanghai. Look at how take a we are setting up when it comes to the asian open. We have a lot of positivity carrying on from that session. Investors are backing that buy the dip trend. The nasdaq hitting the alltime high. The s p hitting positive for the year. S p active futures contracts a little bit lower at the moment but it seems like the positive. Evelopment on vaccines trading sideways if you will. The dollar was broadly weaker in g10 except for the yen. We had Dollar Strength and yen weakness overnight. That is the handle we are looking at ahead of Inflation Numbers out of japan and getting machine tool numbers as well as some Retail Sentiment numbers by way of Department Store sales. Crude and gold were both a little bit lower in the asian start to the session. Some positive de
Maxwell a friend of convicted sex offender Jeffrey Epstein pleads not guilty to sex trafficking charges. U. S. President donald trump says he assigned legislation and an executive order to hold china accountable for imposing its National Security law on hong kong at a rose garden News Conference trump said he is ending hong kong preferential treatment he says the people of hong kong if at their freedom taken away to the side legislation and an executive order to hold china accountable for its oppressive actions against the people of hong kong. The hong kong or tanami act which i signed this afternoon passed unanimously through congress this law gives my administration powerful new tools to hold responsible the individuals and the entities involved in extinguishing hong kongs freedom weve all watch what happened not a good situation their freedoms been taken away their rights have been taken away and with it goes hong kong in my opinion because it will no longer be able to compete with