Encompasses more than 2 billion people and has been more than 10 years in the making. Afterent trump backtracks appearing to admit defeat in the election come he still insists the election was rigged. Lets take a quick look at the record move in u. S. Markets. Economically Sensitive Industries gained momentum even as coronavirus surges across the nation that could lead to more restrictions. The s p 500 rallied to an alltime high. The Dow Jones Industrial rise rose to close at prepandemic level. Home winner, zoom Video Communications tumbled. We will speak to a bullish investor on stocks coming up and he thinks we are going to find out in the third order the u. S. Pandemic caused recession is ending and we are setting the stage for a market. The record close on wall giving some we are seeingthat coronavirus surging. Higher trading when it comes to kiwi stocks. In sydney, rebounding from friday. We are also looking ahead to thirdquarter gdp numbers out of number ofell as a japanese numbe
This is business im Kate Ferguson thanks for joining me Global Markets are on course to end the week higher as investors expressed optimism about the prospect of joe biden becoming the next president of the United States in asia indexes in hong kong and shanghai traders 7 on the expectation that the United States under biden would lead to an improved trade relationship with china hopes are also rising among european investors who believe that i trade reset with the u. S. Could prove a major boost. Lets take a closer look at transatlantic trade with found lying a chairman of the european parliaments committee on International Trade welcome mr lying in the last 4 years have turned the transatlantic trade relationship on its head is there even any going back at this stage. I hope of course to survive moby looks for that because indeed we have a lot of Serious Problems is that our trade is with the lust for us because both borders the terrorists on to the the expression of. The state the.
The great is slowing rate is slowing in the u. S. The virus is not helping australia and if barley has become a new flashpoint. Shery lets see how asia is shaping up. Sophie after a choppy week for asian stocks with the msci aipac index snapping a twoweek advance, futures are mixed but mostly lower going into chinas npc. Japan as well as thailand are going to publish First Quarter gdp numbers. Japan may have fallen into a recession through the yen trading steady ahead of the Asset Managers steady. The Asset Managers have boosted it five straight weeks. We will get policy decisions from thailand and indonesia when bets are raising that major Central Banks could be forced to embrace a good of rates. Theble under pressure after chief economist of the option of subzero rates was being considered among other unconventional policy tools for lets look at oil policy tools. Lets look at oil. Seeing brent gaining ground and of uti adding 2 after wti adding 2 ahead of the june contract expiring o
Deal keeps stocks near alltime highs. Treasury yields rising. Gold falling below 1500. Shery huawei still see sales growth despite the longrunning ban on u. S. Tech. We hear from the fcc. First, lets get you breaking news out of south korea. We are seeing a balance of payment. 7. 4urplus widening to trillion billion in the month of september. This is coming from the previous month when the surplus was at 5. 2 billion in the month of august. That was also two consecutive months of the surplus widening. We have five months of surplus now after the country posted its first deficit in seven years back in april. It has been under a lot of pressure. We have september exports falling 12 . Now we are seeing 11 months of contraction for those exports and south korea. , alsood balance number seeing the surplus widening to from 4. 7on, up billion in the previous month. Numbers out of south korea when it comes to those payments current account balance. Lets turn to the Australian Market that has c
Reporter hong kong drops and unpopular law but unrest continues. You can see the level that has been built up. Reporter argentinas debt crisis deepens. They have to do something to contain the flow of dollars out. Reporter the fed given more food for thought. A strong correlation with the session ahead. Not a great report, it is decent. We want to remove obstacles to Economic Growth. Reporter the top interviews on topics from trade to race. These give us reason to double down our efforts. Low Interest Rates have significant effects on turnover. We have the fundamentals right to deal with a slowing bubble economy. Reporter it is all straight ahead on bloomberg best. Hello and welcome. I am kailey leinz. This is bloomberg best, your weekly review of the most important analysis and interviews from Bloomberg Television and around the world. Lets start with a day by day look at the top headlines. The week began with the u. S. And china entering a new phase of the trade war with tariffs impo