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
Haidi very good morning. Im haidi stroudwatts in sydney. We are counting down to asias major market open. Shery i am shery ahn. Here is how markets are looking right now. U. S. Futures rising at the open. Stockster we saw u. S. Seeing its worst day in about three weeks. Investors were concerned about the prospects for more government spending. We saw some conflicting reports on whether or not that is coming. The s p 500 lost ground, 1. 6 . All 11 sectors were down, led by energy stocks. It also drags down cyclicals and small caps which managed to stay in positive territory. A bearish reversal from the gains briefly seen around the open. We had record cases in europe, fears of a doubledip recession. Take a look at oil because its also under pressure and headed towards the 40 a barrel level. Oil fell in the regular session as well with warning of an uncertain outlook for oil demand. See how things are shaping up for the asian markets. Here is Sophie Kamaruddin. Sophie this tuesday, you h
Thedual listing could be biggest share sale in history. Softbank makes headlines again. Amassedid to have 20 billion in a stock trading movement despite a skeptical response from shareholders. Lets take a look at how markets are trading at the moment. At this as we are just getting some line through when it comes to the reserve bank of australias assistant governor. They are giving a speech saying it is more complex to assess the policy stance than it has been in the past. Due to the economic and fiscal conditions at play. We will continue to monitor some of those comments and we are also looking ahead to the rba Meeting Minutes as well. We are seeing downside in the first couple of minutes or so, trading in sydney on 5. 1 and then new zealand, that market is back to modest gains as we continue to process the outcome of the victory we saw from the Prime Minister and her resounding reelection effort over the weekend. The nikkei 225 seeing upside when we get into the open of. 25 of where
Pips. We are looking at the rest of asia doing this. 1 8kospi index down about of 1 . Some updatese, here on what happened yesterday. Military saying it is on high alert in that part of the world. Today,the top stories just a couple minutes ago, we did get confirmation out of the pboc, adding more funding to the system here. It is trying to guide the economy through a rough patch. A smaller chunk, 2. 95 . Jason. Us now is pleasure to have you. Good morning. Your top thoughts for today. What is top of mind for you . At chinas liquidity guess first the primary liquidity facility, but it does also add to the positive growth picture for china, especially on a relative basis. Covidast because the situation has been continuing in china. When you couple that with Strong Capital flows and improving current accounts balance, it doesnt mean the fundamentals are quite good at the moment. Note, and i guess on that many people say go long against the dollar. Your trade is the currency against the i
Madrid could announce a state of emergency today. A golden reopening. Beijing is back to work efforts week long holiday. Chinese equities and the yuan outperform. Very good morning to you. 6 00 a. M. In the city of london. Happy friday. Its one week since we learned the president of the United States tested positive for covid19. D. C. Politics is messy. We will talk about that a little bit later. We are 25 days away from the u. S. Election. Some optimism that we have had a bit of shift on stimulus in the white house. Nancy pelosi, Steven Mnuchin, are talking again, but many skeptical we will see support. The hope of that is moving markets this morning. S p 500 futures to the upside this morning alongside euro futures as well. Chinese equities outperforming. We are up more than 2 this morning, 1 00 p. M. In beijing. China is back to work after golden week. Its back with some good optimistic measures when you look at the equities space. The bloomberg dollar index lower against all of g10