Although probeijing officials have said we should not be too concerned, it will lead to stability in the city. 7 . Sci asia pacific down it is certainly something of a riskoff mood, following off what we saw toward the end of play on friday in the u. S. The nikkei is down more than 1 . In the mainland, you have a bit of pressure as well a despite industrial profits up 6 coming in over the weekend for the month of may. On to the next board. We will be looking at the currencies. A bit of dollar weakness. On friday it reached its highest level in four weeks, but it has since come off slightly, leading to a bit of strength for the offshore currency here in china. The korean won is up about plan to 01 . On to some of the commodities we are looking at. Wti has been under pressure as the demand story as we focus on the rate of infections, 10 million infections, 500,000 deaths, you can see that it is lower today. Gold, science that investors are preparing to cross through 1800. 0. 64 . Year yi
Made quickly and there was a disruption maersk warns the virus has public announcement toese that signature wantly warned and make it not look too abrupt. Visibility in 2020 after missing fullyear forecast and higher as they allow for a strong Fourth Quarter. Schweiss re sees red after a it wasnt really that bad. Full year falls short amid it was decent. Rising claims of man made and you are right, it was overtaken by ubs natural disasters. Posting a 1 billion share buy what youve seen has been the emphasis of getting the back air france warns coronavirus Investment Banking side working will wipe 200 million from its more efficiently what we are seeing here is the earnings and flight suspensions could cause a heavier impact board of directors perhaps sending shares lower turning their back or deemphasizing and saying we should look more at the bread and butter retail, banking business to pick up on that, big welcome to street signs. Investment announcements were made you have restructu
Over in the u. S. , moodys warns over a potential Government Shutdown as the deadline nears, adding to the fire when it comes to the west bond market. The eu trade chief attacks chinas policy, saying the stance is hurting trade. Buzzer cardio clinical headlines, lets get to the markets, because there is a lot to talk about. Already we are seeing a massive on market move overnight. If you start to see a Government Shutdown, the stock market will get hit first. That is where you are seeing sentiment sour. We will dive into this with valerie in just a moment. Its that red on the screen you saw in the Asian Session that is starting to spillover. Every long standing by in just a moment. Even that defensive bid we saw in u. S. Assets yesterday no longer hold, pulling back even in nasdaq 100 futures. Essentially, your winners of the last you sessions are your losers this morning. A lot of that is largely going to be a liquidity story. Crossas it we go. The bond market story will be crucial, s
Chipotle, express scripts, Texas Instruments, just a few of the names set to report earnings in just about an hour we will have our hands full at that time but lets get straight to our big story. The strength in the market today from the Big Industrial companies cat and 3m getting that boost on earnings driving the dow higher ge and ibm trading lower, bob pisani give us some more. Well, heres whats going on. Theres a very unusual divergence between the dow and the s p. Its happened a lot this year, actually 70 points or so. And the reason that is is the dow is price weighted and when you get certain big name stocks, big price stocks moving, that moves the dow. This is the really eye opener of the day. 3m now, they had good numbers and they raised their guidance for the year about 1 , which is good generally you get a little pop on that. But folks, not 7 . Look at that thats 15 you know what that means for the dow . Thats 105 points for the Dow Jones Industrial average 105 points due to
Equities are trading with 30 minutes left in the monday session. Stocks are rising for the first day after rising for the first week in five. The red cars are your currency falling against the dollar. Janet yesterday will testify in front of congress. Carillion is a big decline here in the u. K. Shares fell as 41 . Thats the lowest since 2003. Profit will be lower than expected. Dividend payments will be suspended. The chief. Down. Will step down. They have major contracts and the company will undertake a comprehensive review of the business and the structure. This will boost the stock rice. Investors had also been skeptical about the stock because before today it was off 19 already. It was the shortest stock in the u. K. According to ihs markets. They are 41 lower, a record decline at the open today. Lets get to gold. That was the biggest production since 2015. Etp and Precious Metals will cap flows. They saw more investor money and total assets. Gold shares are the top etfs. They fel