To the upside. Other news coming through about approvals for future houses as well. The asx up 119 points. Thats move along and look at other Asset Classes. Crude trading yesterday with a 33 handle, hasnt had a huge rally since then. Part of that is down to russia and opec looking like they will not be hiking reduction in january. That news helping to propel oil prices up to over 97 in the last six hours or so. ,old remaining where it was just shy of the 1900 level. Thats ahead of the u. S. Election. The u. S. Dollar index marginally down, the Rate Decision coming expecting a 0. 15 cut in the base rate and we do have in anticipation of all that move slightly higher than that, and thats down to a commodity related currency and the crude price helping that along. Lets head over to new york and join karina mitchell. We start with the latest headlines on the pandemic. Starling fell to its weakest in the month, with an economy already reeling from similar measures earlier this year. France
The u. S. And china clash again, this time at the virtual u. N. Meeting. U. S. Futures are flat the moment. This after another volatile session. We had stocks rising. One mega cap rebounding. The s p 500 recovering from an early dip prompted by some comments coming from jay powell. Mnuchin spokery in congress today. The dollar touched a one month high. Look at what oil is doing at the moment. Wti is below 40. We are also looking ahead to the asian section. We are suspecting policy changes to come in the november Monetary Policy statement. Large parts of the market expecting the negative rate to take place in the First Quarter of next year. It looks like a modest start to the trading day. Cindy futures are looking positive. Watching the aussie and kiwi dollars. We saw the u. S. Dollar strengthening to the highest in five weeks in the overnight session. Repeating that the u. S. Economy needs more support and has a long road to travel before it will fully recover from the coronavirus fall
Markets where startups and Venture Capital wont even go because dominant players are so big. Now, the committee is saying that it is getting pushback from Internet Companies who allege that they actuallyvation and not well bring you all the latest back to you. Thank you well be back with you joining us to break down the are market action, megan, good afternoon to you lets check the markets. Dow is flat. S p down 0. 03 , and of course any positive close for those three would be a record alltime closing high megan, relative softness today compared to of late. What do you think is driving that part of it is trade we heard words from President Trump around the risk of higher tariffs and that is something that weve been particularly cautious about we did get a trade truce if you will at the g20 but nothing really changed there. And so i think that what we saw is a little bit of weakness from the market on the back of the reality that we could get higher tariffs down the road. But that is co
Equities higher on renewed helps elsewhere for a potential u. S. china trade deal. That confidence fails to spark european market. President trump takes aim at Jerome Powell ahead of todays policy meeting saying he could consider demoting the central bank head. And trump also blasts ecb president mario draghi and his stimulus plans that sent the euro lower against the dollar. There are risks mainly because of brexit, also because of the trade conflict. Even the persistence of these risks are a risk in itself President Trump has increased pressure on the Federal Reserve to cut Interest Rates. Bloomberg reported the white house in february examined the possibility that the administration could demote Jerome Powell from his role as fed chair. The news agency reported that the white house legal review had made a case to replace powell as fed chair but said the move would be open to a legal challenge. Trump also hit out at the ecb after mario draghi hinted at further stimulus for the eurozo
On people sheltering there, hello everyone, its 11 30 am in the iranian capital, youre watching press tv world news. Of its election day here in iran, everyone, people are heading to polls to cast their ballots for parliament and assembly of experts. Voters are taking part in parliamentary elections to choose 290 members of the legislative body from over 15,000 candidates, elected members will serve for a term of four years in the parliament. In another election being held simultaneously, participants are voting for 88 members of the assembly of experts. Deliberative body elected for eight years. This is a 12th parliamentary election and six voting for the assembly of experts since victory of irans Islamic Revolution. More than 61 Million People are eligible to vote for both elections. Meanwile, leader of irans Islamic Revolution has cast his ballot in the countrys parliamentary and assembly of experts elections. Said ali khamenei voted in the tehran constituency as soon as polls open.