225 pulling back after the rally we saw last week. Infections in tokyo hit a daily record on friday. The sti, keeping a watch on banks right now. Dbs said to be among which filed for protection. Flipping the page, the bloomberg dollar index. It does look like investors are looking for havens. New york crude down by 13 . Gold lower as well. We have President Trump upping the ante, suggesting china may have deliberately caused the coronavirus pandemic, saying there will be consequences if the country is known found to be knowingly responsible. Beijing saying the u. S. Is trying to shirk its responsibilities. Another move to ratchet up tension between the two nations and the handling of this pathogen. Tom absolutely. Every markable uturn from the u. S. President. He was praising china handling the coronavirus crisis. Trump see me to suggest the chinese seeming to suggest the chinese may have released theycoronavirus, saying if are knowingly responsible, they will face consequences. Debora
Day. Saudi arabia already scaling back production ahead of the may 1 deadline. Lets take a look at how markets are setting up. New zealand is closed for the anzac day public holiday. No trading in kiwi stocks. Seeing optimistic. Japanese future going higher going into the bank of japan decision where bond buying could be on the table. Watching the japanese yen as it passes through rumors and conflicting reports on the health of the north Korean Leader, watching for a risk asset. Side in asiane trading monday, reflecting the pickup in u. S. Trading friday although we are seeing u. S. Futures trending lower in the morning asia session. Saudi arabia has already started curving output ahead of the may 1 starting date for the opecplus output and production curve agreement. Four days of gains when it comes to oil prices. Shery global confirmed cases having an impact on the markets, approaching 3 million according to data elected by bloomberg and Johns Hopkins university. There are signs new
Jerome powell talks of heartbreaking harm from the coronavirus and says the pandemic has brought the u. S. To an abrupt halt. We are seeing optimism with asian stocks really prized to follow the leader when it comes to gains on wall street overnight. The s p 500 gaining 2. 5 percent, touching a sevenweek high as we have the dual optimism over expected track to a vaccine with the socalled operation work speed from the Trump Administration. More encouraging news about efficacy on a Gilead Sciences therapeutic as well. We are taking a look at gains resuming in new zealand. Japanese futures pointed up after yesterdays public holiday. U. S. Futures also showing an extension of those public gains. On seeing futures looking positive as well. Korea closed today and hong kong markets closed for the birthday holiday. Taking a look at oil because we are seeing a second day of gains for wti up, the 22 plus gain in the overnight session. We are seeing opening up here higher by over 6 in asia. This
Way better numbers anticipated coming through. This is in yuan terms. March exports thought to be down 12. 8 . Official number suggesting they were down just 3. 5 . Imports year on year from 7 . 2. 4 . Ht increase of that is what we have at the moment coming through with the latest data from china and the department. Lets have a look at what else is going on. Hong kong schools have been closed since late january. Little hope classes will be resuming soon amid this coronavirus. They wonder there could be an exodus of students. Issue with thehe hong kong education secretary, kevin yeung. Kevin good morning. Did theseow long schools stay closed, secretary . Kevin it is difficult to tell. Health of our students is always our first priority. Are stillage we monitoring closely the coronavirus,f the whether the situation in hong kong and other places in the world, before we could finally make a decision when our schools could resume. What needs to change for you to actually change your policy
Lets take a look at what is been helping foment further gains across the asiapacific. That is the futures contract for the s p up to tens, hang seng three tens of 1 . And the nikkei has buoyed a bit. Also the topix doing rather well. We have a cna a tad week. Looking at that as we do. Also the yen, and the boj. 41 day since the boj came in and bought a sizable chunk of stocks in the japanese market. Someat stealth tapering, people are arguing because the yield on the 10 years unchanged. The yield has been lurching lower eight basis points. Weekhas been put less a and see what is going on in regard to the haven stages. The learn not willing to look at and take on risk right now. This is of course after the Election Results or we saw the landslide victory when it comes to democratic camp. She was talking about how she is ready to listen and stands by previous stances on protest demands. People who felt that our government has not handled, deadly the legislative exercise and its aftermath