Nervous and seeking that safety. Now you have the 10 year yield higher. Over the long run, if that continues, that will actually be a headwind. Today you have to take it as a signal investors not wanting havens. , the new yorkand faang complex, the mega cap tech stocks, that is down 1 . That part of the market is still weighing on the s p 500 while you have the financials and the energy and some of the other cyclical sectors doing well. David talk about that faang index. Earlier you said the real story is not the index, it is what is going on with amazon. What is going on with them . Abigail there two day prime event was last week. If you look at the stocks from that event to today, almost in a correction, down nearly 10 from peak to trough. That is not a great sign. The stock is underperforming its peers by about 5 during that same time. If you have a stock coming out of a bullish event into an Earnings Report suggests that hiphop ahead. Hiccup ahead. A the company could be under pres
Maintain normal Monetary Policy for as long as possible and fixing will be key. President trump wants to return to the campaign trail as his doctors say he is not a transmission risk. The u. S. And europe are not on the list for easing curbs. Haidi markets coming online for the start of the brandnew trading week. Lets go to sophie kamaruddin. After inome enthusiasm cap the best week since april. Australia posted record shipments when it comes to iron ore, putting some down pressure on the commodity. Gold holding about 1900 per ounce, after its second weekly gain. 2300 for bullion, early 2021. The aussie dollar under pressure. It had fallen by 4 . 4 . The offshore yuan on the retreat. Looking forward to the fix to see if that will add more weakness on the offshore yuan. Futures, nikkei Futures Holding steady while the 106,s trading around testing the 65 day line. Todays south korean markets come back online after the long weekend. We have korean trade data later today. Won trading korea
Amazon billion offer to goes from rivals to partners as jeff bezos is willing to take a 40 stake in his indian retail revolution. At thelets take a look set up for the session of trading in asia. We saw that resumption of the loss in the u. S. How are we setting up in this part of the world . Sophie a pickup in volatility once again. In asia, futures are mixed, but we are seeing s p eminis. Chicago adding. 3 . The yen is stuck in the range with brexit risk also a consideration. We are watching tiktok reaction to trumps extension of that tiktok watching reaction to trumps extension of that tiktok sale. Jupiter Asset Management is cutting its exposure to debt of Chinese State linked borrowers so that is something to consider as well. Ahead of the u. S. Election, you are seeing one vol bets can yuan vol bets. Keeping an eye on korean bonds with potentially 6. 3 billion of supply coming through. The government may submit its proposal to parliament this friday. The global rush of Corporate
A message. That they are still here and that there will. Agree god and have less both being moved to a new site after their camp was burnt down demanding humanitarian assistance and want to be taken to the mainland theres confusion over the sale of chinese video sharing tick tock tick talks Parent Company has been under pressure to sell after the us president threatened to ban the up for security reasons announced on sunday that it would not sell to microsoft and instead favor tech firm oracle but in the past hour Chinese State t. V. Has reported that the u. S. Operations would not be sold to either company. Accountings taking place off a vote to decide japans next Prime Minister the ruling party is choosing a successor to resign last month for Health Reasons the chief cabinet secretary an obvious right hand man yes and he is the front runner veteran u. S. Journalist bob woodward has given his 1st televised interview about his new book on the Trump Presidency he revealed that trump kne
Level deaths are approaching one million with record chain record cases in france and the u. K. Tiktoks band is due to take effect on monday ban is due to take effect on monday. Shery u. S. Futures coming in at. 2 higher after fluctuations. Investors were weighing optimism over a stimulus package over rising covid19 infections. We have the s p 500 up. 3 . Hitby utilities, they session highs with new rounds of the economic stimulus measures. We had strong housing numbers. Trip. Com seeing thirdquarter revenue down about 47 to 52 . The forecast is not great when it comes to trip. Com. Yuan. Coming in at 1. 93 a little bit lower than expected. This as we continue to watch the markets, oil coming in. 25 lower. We saw oil climbing to the highest stimulus hopes, but there were doubts over rebounding consumption as the pandemic cases continued to climb. Haidi. Europethat second wave and the u. K. , one of the risks weighing on the investments at the moment. For the final friday session in nat