Concerns over u. S. National security. The Vice President ial contenders preparing for debates. Kamala harris and mike pence must convince voters that they have what it takes. U. S. Futures opening flat but watch the after our market action. Regeneron gaining more than 3 at one point with president itsalling it antibody antibody a cure. 500 inming after the s p the regular session climbed to a onemonth high, we saw quite a reversal from yesterday. Renewed hopes for a stimulus package, though a though it may be a piecemeal approach. We also have minutes from last month showing fed officials where concerned about the amount of government relief so far. Take a look take a look at oil, this after it fell below. U. S. Stocks on the rise again. Inventories increased by more than 500,000 barrels last week. To see how things are shaping up voice shopping is ahead for asian markets with stopped set to track the gains we saw in u. S. Markets. We are keeping an eye on pharma names. A move could a
The governor of texas warns of a massive outbreak. The imf adds to the gloom, further lowering its Growth Outlook, saying the pandemic will cause even more damage than first feared. Haidi that lead really playing into the downside we are expecting in the asian market session. Lets get it over to Sophie Kamaruddin in hong kong for a look at what we are expecting. Board, pulling up the asian futures pointing to losses of 1 or more amid the imf. Warnings of a deeper recession with japan and the Growth Outlook taking a hit. 1. 2 in theup by red this morning. A down day with trade disruptions back on the table alongside virus risks. Flipping the board, we are seeing bonds on the advance. Aussie tenure yields off by four basis points. Treasury futures to the upside after the overnight flattening we saw in cash yields as the bond market is signaling a more cautious outlook than we have seen in stocks. Check out the dollar extending gains against g10 peers with increasing u. S. Trade tensions
Trading day in the u. S. And we are already hitting some watermarks. Lets head straight to the markets desk where ramy has more. lets take a look at where our markets are. The nasdaq is pushing higher. When that number came out 287,000 jobs, you could hear wow across the newsroom. It blew out all bloomberg estimates. Lets take a look at what is happening in terms of the indexes and lets hop in the bloomberg for this. Lets look at what has been happening post brexit vote. , i reason for this chart want to point out that all of our averages are up above the thatbrexit vote lost line we hit post june 2013 we have 23. 13 we have we have recouped all of our losses. Lets take a look at the imap and the s p 500. Financials are the biggest gainer today, up by 1. 6 . Yesterday they only gained a 10th of a percent or so, but because of the jobs numbers, we are seeing a generally broad rally across the board. Discretionary on the upside. The downside, inversely proportional to what is happening,
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