Looking at chinese data coming out confirming the momentum of the return. We have pmi data. Is a look at the benchmarks we are looking at. Some of the foreign exchanges and commodities. Climb. Ing a massive up 3. 4 . The dollar index is moving up. We have seen this drop alongside the oil prices as well. The dollar is one of those in the crosshairs. Gold is steady. Lets get to new york and have a look at some of the first word news headlines, here is karina mitchell. Coronavirus cases are leading to more lockdowns. Germany, and the u. K. Already increasing but controls. Than. S. Reported more 78,000 new cases over the week and after two Straight Days of National Records. Anger is rising across europe as governments impose new lockdown rules. Officials blocks travel from local regions. There is still no national clampdown. The u. K. Will go into lockdown again later this week while extending wage support for four load furloughed workers. South koreas export led recovery continued last mo
Way out of recession. Factory performers stabilize while Consumer Spending shows that recovery remains on track. Year profits plummet. Cash earnings falling 52 . It includes provisions for customer compensation. Ahead. Omaui lets check in on the markets. A big week indeed. We do have asian stock futures gaining for october with friday a significant day. The start of another trading week, we do have a bunch of asian pmis do today alongside more data from china. And the offshore yuan will be below 670 after a fivemonth game. Focus with as a and alibaba. Waiting on a big milestone this week. The hong kong dollar on friday following the most since june after its close. Amid this frenzy q÷d it has been fraught with twists. None of it seems to have altered the course set month ago as joe biden continin handful of states. Pennsylvania is a huge one but everyone has been talking about ohio and the upper midwest. As well as georgia and North Carolina that have traditionally been republican. It
Services. Westpacs full year profits plunge after fines for Money Laundering. Cash earnings falls. One of those stocks where watching going into the sydney open. Lets look at the market open. Sophie . Expecting some moves this monday. The biggest weekly drop since september 25 as investors adjust the some of the risk ahead. We did have the worst week for aussie stocks since april. Adding 0. 1 . We have amp shares gaining trillionter the this wealth manager said that a preliminary takeover approach of every management values the company at 4. 5 billion. Westpac has results out this morning. Later this week we get results upm alibaba which ticked single day sales early on sunday. The ipo is a big event we are watching this week. We are expecting a big pop here on thursday given the massive appetite we have seen for the offering. Friday had the biggest drop since june. Of a private survey of chinese manufacturing data. To focus more on the u. N. , lets pull up on the chart on the terminal
Im christie one day its good to have you company there are mounting claims that tanzania is government is cracking down on opposition candidates and free speech ahead of the countrys elections in 2 weeks time a Human Rights Group Amnesty International accuses president juggle fellinis government off using new goals to stifle all forms of dissent including Peaceful Assembly well talk to Amnesty International after this report. Wunderlist who has been drawing crowds across tanzania but he says thats made him a target. In this footage from september the opposition leaders convoys tear gassed the president ial hopeful believes current president john mica foully is doing all he can to thwart his campaign. The police have been abused abusing their authority with complete impunity. You know all the National Electoral Commission Suspended me for 7 days. All completely party has dropped completely bogus. Here temporarily i prefer to deny you. President mag of fully is also pulling in the crowds
And any barriers to goods and workers should now be removed. U. S. Business is pleading for help as demand and production fall. The president calls says that china will pay. Shery we are looking at how markets are trading. U. S. Futures are under pressure after we saw the nervous rebound in the trading session. The s p 500 slipped between small gains and losses. We have energy in a discretionary stocks leading the gains. We actually saw the nasdaq composite really rising more than 2 because of bargainhunting going on. Twitter andtesla, netflix as well. So we have seen a little bit of upside, especially the energy sector. Take a look at what oil. Is doing it just hot its best day on record. In fact, climb back most of the clawing back from most of the losses we saw earlier in the session. We are coming back from the lowest level in 18 years. This has the president said he would get involved at the appropriate time in the state of between russia and saudi arabia. We have seen the u. S. G