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The markets are focusing on what jay powell said yesterday. The market is also focusing on what we are seeing across the globe. The number of infections being weighed compared to the extra Monetary Policy being put out there. Investors weighing better economic figures against the continued increase in virus cases. In other news, metals advance with copper climbing for the fourth day. Manufacturing and services in china. That adds to a bit of optimism. Lets get straight to the bloomberg first word news with leighann gerrans. China has approved Landmark National security legislation for hong kong at the end of a threeday meeting in beijing for the nations top legislative body. Representativee confirmed the vote. The u. S. Said it is suspending hong kongs special status, making it harder to export sensitive American Te ....
Equity markets are up and bonds are down. The market is functioning from that point of view. Vonnie we have not much concrete to go on for equities expect except the promise we will get a stimulus built in the next few hours. Everything that has been dropping his rallying and everything that has been rallying seems to be dropping. By that i mean the grocers. The s p 500 is up a whopping 8 . We will see if we get a successful vote in that few hours, if there is even more room for u. S. Equities. Again, we have a search for the u. S. 10 year yield, although that has been trading in a range, if you could call 15 basis points a range. The vix is slightly higher in the session, down three points itself. The dollar index is seeing a little bit of relief after sessions and sessions of strength with a voracious appetite for the u. S. Dollars finally abating or maybe some people taking advantage to take a little bit of profit. Insight asget more to where these markets are and potentially where ....