1 10 of 1 . Minor gains for the australian and china markets for the shanghai composite. Situation with regards to the equity markets, what about some of the other Asset Classes and play . We can have a look at those. Take a look at the oil prices, retreating at the moment. You need currently, what, 41 essentially for a barrel of wti, 41. 09, moving to the downside. Stockpile to the upside. Gold not much of a haven, dollar index moving to the upside, the dollaryen currently stronger. It has been moving quite rapidly to the upside. . 11 currently for one greenback. The sec is pushing ahead with a plan that could see chinese come these kicked off of u. S. Exchanges. The intent to cap crackdown on companies that dont comply with rules that require an audit. That could hurt big names like alibaba and baidu. Tom, it looks like the sec is in a hurry. What is it proposing . Tom absolutely. The since we are getting as they are stepping up their preparations for this new Legal Framework that ag
Dozens of earnings. Softbank. Cus on nextn move it on to our terminal chart that shows softbank. They have said they will buyback 12 of their shares. Up more than 40 percent yeartodate for softbank. Dollar has been firmly in focus, given what we have been hearing from the fed. The index is down. 4 . Looking for a fifth week of decline for the u. S. Dollar. Gold is up. You have seen a little bit of softness towards the end of the session. Can it break above 2000 and stay there . Crude is at 40 a barrel, up. 8 . There is concern. Is a concern in terms of the pandemic. Point. Own one basis look at lets have a the first word news, kicking things off with the global coronavirus case levels. Passing the 17 million mark. All out with a Record Number of deaths. California had its second deadliest days deadliest day. Texas, hospitalizations dropped for a ninth straight day. Almost 10,000 people in the u. K. A earlystagen vaccine. Almost 1000 new infections in germany. The australians have a cas
Least. Day two of the Goldman Sachs global macroeconomic conference and goldmans chief equity strategist. We have breaking news out of south korea and Fourth Quarter g. D. P. Numbers. This is much faster than what was expected and fastest pace since the Third Quarter of 2017. These are the preliminary numbers for the Fourth Quarter. The south s also korean economy expanding 2 meeting the bank of korea projections and have seen growth in Household Spending and gains and Consumer Confidence and a lot of it supported by the south korean with their budget being passed in august and seeing a growth of 1. 2 , which would be the fastest pace since the Third Quarter of 2017 and for that 2019 growth of 2 which is atching. Lets look at what it is setting up. We had reaction across asian markets which led to the european session in declines and the u. S. As well as account of the news of the spreading china case. Avirus and one and not much of a rebound. Futures are looking pretty soft and we are
Economy is set to end the year in contraction as months of protests take their toll. There is course for massive evacuations in australia as wildfires continue to burn amid a heatwave. Shery starting with breaking news out of south korea, we are getting industrial reduction numbers for november, contracting. 5 is missing esti. It was expected to stay flat. It is a stabilization after a fall of 1. 7 . The previous number for october was revised higher, contraction of 1. 6 . We are talking about a contraction of 0. 3 year on year, a stabilization from the decline of 2 in the previous months. We have seen some signs of stabilization in the wider region and chinas industrial profits showing a rebound of 5 . More signs we could see stabilization in the region. Up for then exports first 20 days of the month contracting 2 year on year. This coming after doubledigit declines in the past six months. Industal production, month on month by half of 1 , missing estimates but a smaller contraction t
Increasingly concerned. It is the economy. Jay powell fed chief jay powell holds where facetoface talks with President Trump. Warnings from within the fed. Rosengren eric morning policymakers against putting financial policy at risk. We will hear exclusively from him. And now, back to sophie for a look at australian markets. Higher. 6 200 is opening a2 milk leading the pack. Aining 17 after reporting better margin outlook. Checking in on the aussie dollar. Ahead of the rba. Still clearly and a focus for the currency. 1 ancks are adding on hour into cash trade. Futures Holding Steady in chicago. Lets see how we are sitting up in hong kong. Hans sang futures are under pressure after the rebound. Speculation that chinese funds are providing support for the market. Even so, there is some investor caution given they are rethinking their positions with the increasing violence in hong kong. We did have the hans sang in the hong kong index regain their 50 day moving averages. Lets jump to the