Authorities warned against reopening too quickly. Sending a message to facebook. More advertisers cut spending. Anchor asian markets are setting up. Virus cases continue to accelerate, not just in the u. S. But closer to home. Lets go over for a look. I am looking at the numbers, it looks like a trading week. That backdrop, futures are pointing lower this monday ahead of hancocks anniversary. Trade data do from the city this monday. Morning, thehis economic fallout from the virus, higher jobless reports. We have a downside picture across asia. Checking in on commodities, lets check in on oil. Losing ground. Near a 2012ing high. Higher prices expected. Australia does see gold expert warnings hitting a record 22 billion in 2020 through 2021, before easing in 2022. We have to big picture that good gold could top 1800 an ounce. Global virus has hit grim milestones. Cases in tokyo rose by a daily record. Japan had lifted a state of emergency last month. In the u. S. , governors are struggli
Shortly. What do you observe this morning, nejra . Nejra im observing headlines coming through right now from andrew bailey, in the core with journalists he is having right now, that it is clearly a commitment to take action, saying the qe program is highly aggressive and appropriately is so. Also saying there is no evidence the boe is targeting any part of the yield curve, but what is really interesting is we did see a little bit of differing views in terms of the decision today. There were policymakers that wanted to extend qe today, but the reaction to the fact we have had no change in policy today is coming. Analysts say we will get more qe in june or august or both, and the pound catching a bid off the back of the boe forecasting the vshaped recovery. That is what i find staggering. A 15 rebound in 2021. Tom i think you are dead on in that, nejra. There is no question what six out within all the excel spreadsheets and the heroic language at this moment, really with depressionera e
This morning dr. Fauci will enter the senate chambers, at least virtually, and testify before the senate. There are a lot of dynamics around this word lockdown. Seeinge and wuhan infections come back. They will test the whole population of people. We will have plenty more of that. Now lets get to first word news in new york city with ritika gupta. Mentioning,ou were a stern warning from dr. Anthony fauci. Disease infectious chief will enter the senate sayinganthony fauci there is a chance of more outbreak without following white house guidelines. President trump says we have met the moment and have prevailed. U. S. Deaths have exceeded 80,000. He later said his remarks relate to testing for infection. The Federal Reserve is watching its longawaited backstop for companies today, and will begin by etfs for corporate debt. It played an Important Role in keeping the Financial Markets relatively calm since march. In china, all 11 million represents residents will be coronavirus. People are
Shery and a rocky road ahead for china. The worlds top auto market heads for an unprecedented second Straight Year of failed declines. Comingnd south korea online. Here is what to watch. Sophie stocks open higher with nikkei and topics opening with two. 2 . Data earlier this week showing a pickup in business spending and reduced prices. The yen looking steady after jay powells speech which reinforced the dollar has a negative bias. Which assets will benefit most from the feds 2020 outlook . We will check in on the open in seoul. 7 . Ospi up we have aussie shares moving to the downside with a risk on move this morning. Futures are also gaining ground. It lets check in on currencies this morning. The aussie dollar bumping its timeagain for a sixth moving below 68. 80. And the british pound back up above 132 above 1. 32. More on u. K. Politics now, heres a check of first word news. U. K. Votes later thursday in an election that will defined the relationship with the eu for years to come.
It boils down to what we see with regard to the uncertainty. Futures contracts suggesting we will see a negative start, on top of a weak end to the trading day in new york, which isnt lwind. Y adding a tai sterling lurching a little lower, exacerbating losses in thesession in europe and u. S. Dollar a little weaker after strengthening quite radically after Justin Trudeau being reelected as Prime Minister, he cobbled together a coalition. Gold, interesting, with a little bit of risk aversion as it were. A look at whats happening, first word news, to su keenan. Flagshipealands International Convention Center Project faces a new delay as a fire at the construction site continues burning. It broke out tuesday afternoon, engulfing the roof. Police have closed roads, and people are being urged to stay away from the area. The latest on brexit. U. K. Officials say Prime Minister Boris Johnson will call an election if brexit is delayed until january 31 of next year. Johnsons push to take the u.