That really has been down to currencies. The dollar index is up at the moment, but if you look at it over 24 hours, actually, its down by. 3 ,. 4 percent. One of the main beneficiaries of crown weakness has been strength. Sterling has been propelled about 1. 5 in the last day or thereabouts. The dollar weakness has been felt with the yen also moving to the upside. Theres another reason we are seeing upside on equities in japan. Gold not a major beneficiary, though it was at oneweek highs at one stage after the dollar was sagging earlier on. Thats a look at markets. Lets head over to tom. Tom lets get you up to speed with some of the other first word headlines. The Trump Administration is ramping up tensions with china once again, designating six asnland Media Outlets foreign which it says are controlled by beijing. They include the economic daily, which provides a look at beijing economic news. The Administration Says all six are substantially owned or by atively controlled foreign gov
There is a tumble on the growing u. S. Industries. Decade, asore than a the pandemic rages on. It is also slashing its final dividends. Big tech is a warned that it may lose Legal Protection over user content. Lawmakers are accusing tech shery lets get you started with a quick check of the markets. We are saying u. S. Futures, online higher at the moment. This is after u. S. Stocks tumbled by the most since june. Check is leading all of the sectors. Tech is not really acting like a haven today. Lets see how things are shaping up for the asian markets. Heres Sophie Kamaruddin in hong kong. Sophie after that steep drop that we saw for u. S. And european shares, expect losses to continue. In asia. It is the busiest day of earnings for china. In australia, we have all of these futures falling to the lowest since october 5. This is after a report of a 40 a 42 slump in profit. S may be facing a tumble. Bullion fell. Is picking up steam. We may see some slight tweaks to its quarterly forecast
Citis analyst call is getting underway. Jp morgan had their analyst call. Those stocks are now lower. Sonali basak has been on the call and joins us now. Why the rollover here . What has been the take away so far . Sonali we saw lower Loan Loss Provisions than initially expected, but at the same time, theres a lot of uncertainty ahead. Reserves releasing slowly because we dont know what the economy is going to look alike the future. Jamie dimon told media this morning that there could be considerable suffering if we do see a dip in the economy, and we are on a day where we are seeing coronavirus cases up a bit. Asking a and analysts lot of questions this morning about Net Interest Income and kind of securities that could pose to executives pushing back, saying they are not about to change their Business Models on what they view as temporary headwinds. Getting some breaking news, so hold that thought. The wto is coming up with its news relating to the airbus boeing case, awarding 4 bill
There are many reasons. And there are many alternatives to. Make up your own mind. Made for minds. A president saying hes better and markets on the rise. Moves from the hospital back to the white house marcus prefer to disregard that so far the us president hasnt been healed from closing 19 also coming up she earned her a name for herself by going after big tax europes top antitrust official tells us why her work isnt done and pare for some eggs from the web the chinese farmers are increasingly turning to online streaming to sell the products. Im Chris Culliver welcome to the program u. S. Stocks rose to their highest level in a month on monday with Investor Confidence growing over the possibility of a new fiscal stimulus to the markets also appeared to be called by news that u. S. President. Was leaving hospital following treatment for coverage 19 positive Economic Data from the Service Sector also helped asian trading on tuesday also bounced back. Lets get more from our markets corre
You to the heart of the earth caius levels of government why not just investigate imo to just to get the fish. Sings you somebody shit in some small group comes from doing the california. Just. Cut. Its lights out in several South African regions the nations state owned utility takes down illegal power points and cups supplied to municipalities that failed to pay their bills well get the latest from cape town also coming up in a chaotic and at times bad temper to debate u. S. President s donald trump and rival joe biden demonstrates the gulf between their views on how their countries a cop economic recovery could look like from the coronavirus and facing the music and iconic nightclub in south korea is forced to close its doors permanently because of the coronavirus pundit. Business im going to get some bill in good to have you with us the struggle for reliable and legal energy is coming to a head in south africa the countrys state owned energy provide a eskom has decided to implement