astrazeneca is to resume vaccine trials amid questions about initial claims and the level protection with global buyers numbers on the up. but thanksgiving travelers defy warnings to stay at home. new data shows china is likely to miss targets this year. imports were slow last month after september s high, leaving the full year targets out of reach. we are seeing australian stocks starting off on the back after snapping three days of gains yesterday, just falling short of being able to erase those 2020 losses. but we are still on track for the best monthly gain on record, about 13% on november. further positive news for the country when it comes to 28 consecutive days of no coronavirus cases from victoria. looking at u.s. futures right now, initial jab, if you will, cash markets were shot overnight. not a lot of price action. down about six points on your s&p futures. dollar-yen, 104.24. limits to the upside. new york crude below $45. we will talk about opec-plus later on. th
the coronavirus marches on with u.s. remaining in focus. aussie prepares to meet with melbourne again under lockdown. the health care sector sees his biggest deal this year. siemens will pay more than $16 24% premium from friday s close. shery: let s get you a check of how markets are trading. we are seeing u.s. futures addingng gains up .1%, to that rally we saw on friday. have seen the s&p 500 rising for the fourth consecutive month. more positive sentiment over potential virus relief packages being released in the u.s. not to mention the surge in tech shares. we had the nasdaq composite outperforming with solid earnings from tech giants. apple, now the world s most company- valuable overtaking saudi aramco after posting other than expected results. posting better-than-expected results. see negativeo economic numbers out of the u.s. with second-quarter gdp seeing its sharpest contraction on record. rating switching from negative to stable. oil was under a little bit of pr
the u.k. considers new curves in london. the rda prepares to meet with melbourne again in lockdown. pam braces for more economic gloom with first quarter growth data. we are expecting a steeper downward revision. let s get a check of where mark were markets are setting up. here sophie kamaruddin in hong kong. here is sophie kamaruddin in hong kong. sophie: a cautious start to the month of august after asian stocks have a fourth monthly gain. we are seeing sp futures holding steady and looking like a soft start to this trading week. gold futures testing 2000, bouillon extending its rise after the best month in four years while u.s. real yields lingered near record lows. money managers are shifting gears a touch, decreasing the bullish gold bets to a six week low at the end of july. in the forex space, looking steady with offshore yuan staying below seven. we have the aussie dollar easing its earlier drop as investors assess the lockdown in victoria state. with a earning st
people dead. apple is re-closing stores and pepsi is shutting a food plant in beijing. the reserve bank of australia shifting its yield curve policy into cruise control, saying it is functioning better now than when the qe program began. shery: u.s. futures under pressure. we are seeing it down .6%. this after u.s. stocks dropped the most in more than a week. stocks are feeding on the record levels fading on the record levels of coronavirus in florida. industrials and energy leading. the weekeek ended in the green for u.s. stocks. china will accelerate purchases of u.s. farm products. it was a slightly in the green sixth session of gains. oil is under pressure heading towards the $39 a barrel, after it at one point surpassed four dollars a barrel. $40 a barrel. there s optimism we could see global fuel demand and we had more reassurance from the opec-plus groupon output cuts last week. group on output cuts last week. haidi: china has confirmed its new national securit
around 250,000. the u.s. planes china. blames china. warren buffett bails out of u.s. aviation. he says the coronavirus has changed the airline industry forever. shery: breaking news out of south korea, getting consumer price inflations. it is an deflation territory. this is now a contraction of 0.6%. this is a bigger decelerations when itt was expected. comes to the year on year figure, a little bit better, still accelerating, 0.1%. suffice it to say there is a lot of pressure on consumer prices and we have had social distancing measures continue to dampen command demand. you strip out a little bit of energyactors including factors, cpi still accelerating 0.3% but missing expectations. this would lead to more pressure on the bank of korea to do more. bloomberg economics expecting a 28e cut as soon as the may meeting and further measures to bolster liquidity. look at how markets are trading, seeing downside pressure for kiwi stocks falling more than 1%, the lowest level i