Critics say some cosmetics have Dangerous Levels of mercury. China prepares for its biggest ipo since 2015. It may not be plain sailing as investors lose their taste for mainland stock. Paul lets check how we are treating right now. Australias asx has just come online. We are looking flat at the moment. We have the staggered open. We will see how things unfold. New zealand has been treating for a couple of hours. Currently higher by four tens of 1 . No change for the nikkei futures. S p futures becoming as well. We have had some encouraging news today regarding the usmca. Beingas if that bill is pushed through as the thanksgiving holiday approaches in the u. S. Out of have the poll britain that shows Boris Johnsons conservative party on trunk to secure a majority in decembers election. Lets get the first word news. Su we are going to star in the u. K. Sterling strengthened as the u. K. Poll suggested the conservative party may when a comfortable majority. The survey of 50,000 voters se
Lets look at where we stand in the markets the dow hitting a new high up 117 points the s p and nasdaq all in record territory. Earnings are driving the market highs its getting rewarded. Bob is at the New York Stock Exchange with more were at new highs because the market has successfully rotated into former out of favor sectors. Im talking about cyclicals. Whatever happened to the Global Economic slowdown. Those are the two classic cyclicals on a global level. Communication services are Media Companies also doing well. Even bank stocks doing well as the yields curve has steepened in the last month. Its not just here in the u. S. I think a lot of people were surprised to find that europe is moving up. We had new highs in italy and germany and france theres your european etf. A lot of this is because the bank stocks have turned around italy, germany and france even japan at eight week highs. A little bit of this is about trade optimism a lot of people believe that will help the global e
Leaders agreed in principle to x. As the u. K. Will not leave this week as the e. U. Leaders agreed in principle to extending the deadline to the 31st of january 2020. President donald pending the deadline to the 31st of january 2020. President donald tusk calls it a flex tension which means that the u. K. Can still leave before the new deadline has calls it a flex tension which means that the u. K. Can still leave before the new deadline if a deal were to be approved by Parliament Despite Prime Minister Boris Johnsons if a deal were to be approved by Parliament Despite Prime Minister Boris Johnsons assurances that they would leave with or without a deal this thursday a wall no surance is that they would leave with or without a deal this thursday a law known as the bend act required the Prime Minister to accept any extension offered from brussels and as the bend act required the Prime Minister to accept any extension offered from brussels. With the extension as a backdrop just within t
Decline. Biggest drop since 2009. A real freeze that has hit the manufacturing economy. Thats right. The lowest ism reading this is a kind of this 340 versus last month survey sometimes market moves are inscrutable. Yesterday, markets were up clearly just challenged this idea that the u. S. Economy was resilient enough we are constandly talking about increasing recession fears. Suddenly this data point comes along. The consumer, in 2019, are we dependent on manufacturing to the extent we used to be no. Not even close it is a great swing factor it doesnt go down that much but it also accelerates that much. You take a look at treasury yields yesterday as soon as this number hit 0 years at 2. 089 . We were above 1. 7 on the 10year yesterday. That shows you the market is saying, okay, the fed is likely to give another cut in october not a sure thing probability right now. The october adp report will be released at 8 15 eastern. Reportedly added 120,000 private sector jobs last month johnso
Hour of trade, barry knapp back. Certainly the tone feels better. Do you think its fundamental with the trade tensions or some month end rebalancing stuff . I suspect theres a bit of month end rebalancing going on i think its too early to tell whether the Macro Economic fallout from the latest negative Business Confidence shock has what degree of effect its had next weeks ism on tuesday, payrolls on friday, will be much more important bempl marks to see whether were over the hump sort to speak on this i tend to be cautious and not chase the move today. On the big stories that we are watching today, kayla has the story. Josh lipton is tracking tariff concerns for apple kayla . The hope began when chinese officials said there was some Effective Communication of the two countries and it continued this morning when President Trump said in a radio interview theres a conversation scheduled today. I have talked scheduled theres a talk scheduled for today at a different level and yeah, they ha