For a september quarter. There are also concerns about the ant ipo fallout. And america awaits the outcome of the president ial election, seven states now holding the keys to the white house. Wisconsin heads to a recount and others face challenges in court. Foropen here in sydney friday trading in asian markets, we have seen an eerie calm and trading across equity markets, and globally, on expectations that policy gridlock will me know extreme measures when it comes to the tax front being taken and more status quote when it comes to the visible markets. We are up. 2 when it comes to sydney, the in aussie dollar and commoditieslinked currencies it particularly well. We have the u. S. Dollar fall to its lowest in two years. The nikkei 225, we expect weakness going into the open but we have japanese stocks trading in the green every day of the week. Also watching the yen, but interestingly, as an election respirometer, we continue to watch price action in china as well as volatility in ch
Nominate janet yellen to his treasury secretary. She would become the first woman to hold the position. Janet yellen has pushed for more fiscal spending during the pandemic. Credentials could covid passports restart International Travel . We will discuss the latest strategy with its ceo this afternoon, and before then, we are joined by the chief executive of the dutch flag carrier. Do not miss that conversation. It is 6 00 a. M. In london and 7 00 a. M. In zurich. A little bit of breaking news on novartis and we will come back to that in a moment but there is a Share Buyback of up to 2. 5 billion. So we will touch on that in a moment but i think we are in this momentum and we have almost got this goldilocks between a vaccineon starting, narrative, and janet yellen did not get Elizabeth Warren so thats probably part of the cheer on the streets. Certainly. I think wall street will embrace it but also the progressives will embrace her but with this pick which is historic, the first female
If confirmed, she would be the first woman to hold the position. Promising stynes leader to have u. S. Coronavirus Vaccine Program says astrazenecas shot could halt severe covid. Welcome to the program. Futures in europe pointing higher. Futures in the u. S. Pointing higher and a number of uncertainties removed from the markets thinking over the last 24 hours or so. One of them is who is going to be treasury secretary. Somebody the that market knows ery well in the shape of janet yellen, somebody that has considerable monetary experience and fiscal experience. The other uncertainty is the transition at the white house. That seeps to be looking a little smoother given the headlines we have seen over recent hours. The asian picture benefiting from all of that removal of uncertainty i described. Something more complicated happening to the japanese market which had been doing well prior to being closed. It seems the Trump Administration in its last days still has some tough time to be toug
Abandoned any hope of a virus package before the election. He says a deal will come after the vote. Big tech prepares to defend interests as jack dorsey calls section 230 the most important law for free speech and safety. Get you started with a quick check up on how markets are right now. Sophie kamaruddin. Are set toa stocks resume losses this wednesday and you have nasdaq eminis under pressure early in the Asian Session after we sawtek shares rally. We are watching what is going on with the tech space following amd agreeing to buy a company. Results could provide support for that space. Its a busy calendar for earnings. Withec reporting today sony. In australia, the asx 200 coming online with some Downside Pressure set to extend losses for a fifth straight session while the aussie dollar is holding steady, slightly under pressure, while bond yields are easing ahead of inflation data due from australia. We see a pickup. Lets flip the chart for a broader outlook on where the dollaryen
Point 46 overnight. Political posturing is taking place with taking place between london and brussels. Checking in with some of the other little asset of the other asset classes. Gold pulling back in tandem with ,. 10 lower. Tom lets get you the first word news and an update on the continued spread of covid19. Have surged past 40 million and show no signs of slowing. U. S. Infection rates rising in 48 states while europe is inosing tighter restrictions london, paris, and other cities under strict curves with ireland enacting some of the toughest restrictions yet seen. The World Health Organization says failure to control quarantine rules has led to the resurgence. I stocks hit a six month low amid fears continuing street protests will drive investors away and further hurt the weakening economy. The benchmark index closed at its lowest level since april 16 as demonstrators bow to keep up pressure for constitutional reform and curbs on the monarchy. The index has lost more than 5 of its