Texas sees record daily infections. Walmart demand shoppers wear masks. Some of the most prominent have beenn america hacked. We will have the latest. Lets take a look at how we are shaping up when it comes to the futures session going into the start of trading this thursday in asia. Take a look at u. S. Futures pointed a little bit to the negative, flat at the moment for futures contracts after u. S. Stocks climbed to her than a one month high. We had renewed optimism that we are getting closer incrementally on this Virus Vaccine Development front, not just with the news on moderna, but also a rival set of trials being conducted in the u. K. , reporting some progress. We saw the s p gaining just shy of 1 and actually manage a drift back into positive territory for the year, albeit brief. Chicago looking modestly higher after the bank of japan governor , kuroda, provided some clarity albeit still a very dire outlook when it comes to the japanese economy but saying it was now past the w
Honor to cross the line. And goodbye g20 and time for summer davos. We are live at the World Economic forum at this hour. Shery lets get you started with a quick check of the markets. U. S. Futures rallying about 1 at the moment, this, after the s p 500 saw its best month since january. We have optimism over potential easing trade tensions between china and the u. S. , not to mention the huge photo op President Trump got at the dmz meeting with kim jongun. Take a look at asian futures. We are continuing to see a risk on moves ahead of trading. If we can switch up the boards, futures, nikkei futures up 1. 5 as we get the japanese yen weakening for a fourth consecutive session. Great asets not doing we get risk on sentiment. As korea starts trading on socalled peace dogs as we saw that unprecedented meeting at the dmz. Hyundai engineering and other stocks like korea gas and so forth. Also keep an eye on chipmakers, especially samsung, as we saw President Trump giving some relief to huawe
Here in the lion city, we know that stocks and bonds are getting sold off. We have not seen those in a while. We are seeing a lot of red. If you think about how we got that harder than expected u. S. Ppi hotter than every economist projections, it is raising concerns of a hawkish tilt from the fed. As we wait for the u. S. Central bank to connect those dots, we are already getting the Chinese Central Bank keeping rates unchanged on the one year, as expected, but this is appointing some corners of the markets that were holding out hopes of a reduction. Csi 100, hans singh dragged by tech names. You can also see in australia, the financial, the miningrelated stocks are the big losers today as we see iron ore approaching the 100 a ton level. On the japanese yen and chinese currency, we are seeing the dollar story play out, and the yen is in a tugofwar between the boj and fed, and the tiebreaker could come in the form of durango today. We saw the pboc coming through with a strongerthanexpe