Since the death since the disease emerged. The causing Severe Damage to the global economy. It also says australia is leading developed nations through the economy. Shery lets get a check of how markets are trading. We are seeing u. S. Futures under continuous pressure. The futures session right now. This after stocks fluctuated throughout the day. We had the risk on tone fading. This is Economic Projections pointed to the long road back to normal. We had the s p 500 falling half a percent. Finishing lobar display chair powell suggesting the pandemic could inflict permit damage on the American Economy and despite the fact treasury secretary mission says the u. S. Definitely needs additional fiscal stimulus so we could see more measures from the u. S. Government. The nasdaq composite was higher by seven tencent 1 . A similar mixed picture we saw with tech stocks rallying. The nasdaq 100 climbing to a record high finishing above 10,000 for the first time. Take a look at what the dollar i
Hotspot while infections in india rise at the fastest pace in asia. Zealandsnks new postvirus recovery. We are joined this hour by the rbnz governor, adrian or. Orr. Haidi lets take a quick look at markets. We saw that exuberance over the Moderna Vaccine progress really dissipate quickly. We saw the late session swing when it comes to trading in the u. S. As it has concerns over the efficacy data from moderna causing some concern. Take a look at the futures in asia. We are seeing downside when it comes to futures trading in japan, australia, and hong kong, although we are looking at a little bit more of a positive open when it comes to trading on the mainland, and just also keeping an eye when it comes to Energy Markets as well given that we are starting to see backwardation between that june and july contract for the wti, suggesting some of the storage issues have started to ease. Lets take a deeper look at the markets. Investors are increasingly debating whether the broader stock mar
The u. S. Wrapping up pressure on beijing and it will be interesting what happens tomorrow, when the pboc reopens trade markets reopen trade and that pbo css the daily effects. Take a look at currency. It has been a mixed bag and we are watching the aussie dollar with the bank meeting today. Bank negara could be interesting expecting a 50 basis point cut later today. Are watching dollaryen summit strength low 107 now. Take a look at your commodities markets, brent crude and wti on a rebound today, gaining 6. 5 for wti. On the longest winning streak in 10 days, up for a fifth straight day and u. S. Futures also positive now. We are watching palm oil, back. We will talk about where prices go next. Lets get more analysis on these markets with our Cross Asset Team in singapore. U. S. China tensions again boiling over, keeping a lid on the markets peered what is your take on the applications . The u. S. Will often come out and say things, especially the Trump Administration, and sometimes t
The opecplus curbs doing little for the global glut. The virus drags on demand. Policymakers are focused on the Economic Impact of the virus. We will hear from a policymaker later this hour. Shery we are seeing downside for u. S. Futures. This coming on the back of a second straight week of gains. We have seen coronavirus cases start the United States to stabilize. We are seeing coronavirus debts and cases here in new york coronavirus cases here in new york start to decline. Brent is down. There was a loss of 8. 5 on friday. There is a gloomy outlook on oil prices, wti at the lowest level on record. Haidi we have been listening into President Trump speaking at the daily Coronavirus Briefing at the white house, talking about additional testing and stimulus and conversations with the democrats coming close to a deal. President trump saying Vice President mike pence will be helping having discussions with u. S. Governors when it comes to shortcomings in testing in information will go ahea
Singapore and malaysia doing pretty decent. Aligned coming from apple daily. Hong kong has found a third a gym. Irus links to if my memory serves me correct, this is the paris gym. It is slowly making its way into the second week. This,s talk more about italy has had more people died than any other nation including china. Stephen. Bring in he is doing his best to keep abreast of all that is going on. We heard a lot of headlines. What has been announced in california . Has basicallyr ordered everyone to stay home. They want to control the outbreak and the governor actually saying that the outbreak and infections could of thepwards of 56 population of california. Last year they had nearly 40 million residents, 20 million infections is what the governor is saying. We had a separate order with the mayor telling people to stay home. Heels of san the francisco and the bay area being on lockdown, so it looks like a lot of the local governments and federal governments are taking this much more