Obtain. What you might see is a bit more bitesized approach to aspects of the trading agreements. To get a greater engagement in a more constructive engagement. You talked about the covid recession. We have had a second wave of covid coming across europe in the last couple months. Indicators of the economy show that is causing a double dip in many economies in terms of activity. Youhelpful you are are that we could have a fast recovery this time around and see that vshaped recovery people have talked about . I think the vaccine is going to be a very important story for the 2021. From the irish perspective we moved early on in the early the second wave, the Second Lowest interest in europe now. We are doing very well in terms of the downward trajectory of caseys. Of cases in hospital and icu. Somewhere at the end of this month we move out of what we call level 5. Our schools of state construction has stayed open. Our domestic economy. Our investment side is doing very well. Science and
Out his vision to drive new Economic Growth and draw hong kong closer to the mainland. Offapple takes the wraps the iphone 12. And pricey. Analysts say it could trigger a new wave of sales. Haidi all right, lets take a look at how we are setting up going into trading, and australia, weakness as expected with equity futures. About 1 10 of 1 . Reasonablethere were earnings out from banks, putting an end to the stalemate and a contention over another round of stimulus with the white house and democrats in disarray over negotiations. The aussie dollar also trading 158, and we heard from the australian treasurer speaking earlier, commenting on the tensions with china, saying the relationship has been challenging but that it is vastly important and a relationship of mutual benefit. We will continue to watch that and others, as well, given the concerns about the import ban when it comes to australian coal into china. Kiwi stocks, modest to the upside. Going from strength to strength. Of cours
Down. 2 , nonfarm futures, claims better than expected. Next chart, dollar remains in story or theme around the dollar today, relative weakness against the g10 but not so much against emergingmarket currencies. That is what the dollar is doing right now. Weakness in offshore currency remains on the back of this broader news from the trump administration, down. 2 , that is your aussie dollar, risk off mood, down. 1 , and the boe is flat against the u. S. Dollar. Gold move to commodities, publicly above 2050 and out, further gains. Not as Much Movement in terms of stimulus conversations in washington. Barrel, up,42 a maybe on track for gains across the week. And that is your yield for the 1132 and 52. , tencents down on the back of this executive order. Just how much and how significant this move is by President Trump is of course the question, given wechat is largely used by the chineseamerican community. It is not clear how much revenue tencent derives from the u. S. Market, but this i
Rally, talk about a turnaround. South korea, hong kong, japan investors moving away from haven place. Remember, china had been quite an out performer. The hang seng currently up 3 . We are hearing chinese buyers are buying up those stocks in hong kong. Lets look at where futures are setting up. We see futures pointing to a higher open. It has been a volatile right. Ride. Futures volatile equity futures down about 1 despite jumps in the s p 500 and the dow. Aide, saying that the deal may not be up and running just yet. Flip the page and look at where we are, the kiwi dollar tokening further, starting buy bonds to stimulate the economy, and look at that, down 1. 7 . It is moving just like the stock market. People were saying bitcoin was a haven play. for more context in the markets, david ingles our coanchor joins us. David, could we say this is the end of the route, or a bear market rally . David it is hard to say if this is the bottom. Once markets stop reacting, that is when you know
Lets have a look at what is going on with these markets. We would normally be looking at the nikkei, but tokyo is looking at the public holiday. There we go. Taiwan moving to the upside. Hang seng adding to some of the gains. Overall, we are seeing a mixed bag. Shanghai is lower. The asx 200 not having a good time. Lets have a look at the other Asset Classes which are perhaps on your radar here. Kicking things off with a look at gold, just down a fraction. Investors are sticking to their guns. We have seen it shifted to gold ever since the middle east tensions did come to the fore with the downing of that jet and the killing of general soleimani as well. 1556. S just at the moment 98. X crude, oil holding onto the biggest weekly drop we have seen since july. Easing tensions regarding whats going on in the middle east. On top of that, the pound is a little bit lower. There is the possibility of a rate cut. The bank of england policy maker showing that there are no signs of the economy i