Approaching that 103 level. That would be a breach of a technical and psychological level. . 99, 2. 7 top the upside. After the biden victory, gold as well seeing three straight gains three Straight Days of gains. Joe biden preparing to take office as the 46th president of the United States. He is moving forward as president elect, launching his transition effort and readying a plan to tackle coronavirus. President trump is refusing to concede, weighing more legal challenges. The people of this nation have spoken. [applause] they have delivered a clear victory, commencing victory. A victory for we the people. I pledge to be a president who seeks not to divide, but unify. [applause] who does not the red states and blue states, only sees the United States. Our work begins with getting covid under control. Economy, repair the restore our vitality, or relish lifes most precious moments, hugging grandchildren, children, birthdays, weddings, graduations, all the moments that matter most to u
Nasdaq features are pointing higher. Stock coming off of that two week losing streak. Recoveringmed to be with a steep selloff last week. Moderately higher in china. Tech names seeing some dip by. Take a look at what we when it comes to currencies. We are focusing on the euro strength, paired with the weakness. Not really doing a lot. 682. Ng around about the Central Banks autonomy. We are watching the yields, pretty much flat. Yields are moving lower in the likes of australia. , probably brings us back to the highest that we saw in 2019 with home prices increasing and retail sales as well. Positive sentiment. Outstanding gains. Lets get to the first word gains. We start with the global coronavirus case is nearing 29 million. Canpe is now becoming a turn again. France also reporting more than 17,000 cases over the weekend. , Oxford University and astrazeneca have restarted trials of the vaccine after they were halted over the unexplained illness. Says ale, the ceo had similar timeline
To lift the company there. In the markets, heres were reset. The action is really in the bond market, cable rate. Everything else is doing a whole lot of nothing. 1 ,cable rate down 7 10 of unwinding any of those maybe we wont have a hard brexit trades over the last what he four hours. The bond market the last 24 hours. The bond market in italy he really hitting a low. Basically, you left, you came back, and it is exactly the same. David except there were tweets from the president about maybe raising some tariffs on china. Alix but in terms of the market action, it is more like bonds are at record low. Shocker. Time to bring you todays market moving news from all around the world. Joining us from london is bloombergs emma chandra, from rome is, taddeo, and on the ,hone rome is maria tadeo is the phone is ma michael khyber. Es you cape from minister heres you cape Prime Minister u. K. Johnson heres Prime Minister Boris Johnson. Pm johnson we will be leaving the eu on october 31. Emma we
Italy at a record low. We will be going to italy in the next little bit to talk to maria tadeo about those talks. The lira down 6 10 of 1 . 8 10 of 1 germany lower. On a flurry of geopolitical headlines, we are joined by tom globalndstrat advisors head of research. Anything in the last couple of weeks to do with the fed, to do with earnings, that has changed your outlook fundamentally on yearend s p 500 . Tom i think theres been a lot of stresses to our base case. Our base case is assuming there is going to be china trade tensions and there isnt going a fed change. Vonnie how much is that a problem . Clearly we are seeing business spending cut back. We are also seeing businesses blame china, like autodesk, for example. How much is it actually impacting the economy . Tom i think the Downside Risk is really escalation. If we are talking about what was implement it even just in the past week, i think the levels of tariffs are still something businesses can work around. I think theyve prov
Feeding Market Information to a swarm of japanese traders. Can you get more exuberance into this market . This fomo trade when it comes to equities in the u. S. And global, 24 billion flowing global sixth largest for inflows. ,hen it comes to u. S. Stocks 11 higher than its 200 day moving average, the whitest cap since 2013 idest gap since 2013. We do have a Public Holiday when it comes to u. S. Stocks on monday, so a wellearned rest when it comes to some of these u. S. Stocks and the recent rally we have seen. We have some breaking news when it comes to xiaomi. Considering chinese banks when it comes to their ipo, but sent to have chosen Goldman Sachs and deutsche bank, as well as Credit Suisse and Morgan Stanley, so more color on that story. Fromhotly anticipated ipo xiaomi, once a top contender when it comes to the smartphone space, a real disruptor for that space. 30 minutes away from the open. Singapore, taiwan, and malaysia coming online. Sophie taking a look at market action. Br