Slightly pressured. 650 billion are wiped out in u. S. Equities in one day, yesterday. A lot of it has to do with the dollar. On track for the best week since april. That is hurting sentiment around the region. The aussie dollar is hovering around the july lows. You have more calls for a cut of the cash rate from the rba next month. We see yield heading lower in australia. 105 for yourat offshore renminbi. Slightly stronger for the pboc. Here are where yields are. 67 basis points. We continue to watch whats going on in the aussie 10 year, and the china bond inclusion could happen later on today with that ftse russell. Russell wreste. Could spur inflows into the market. We are watching commodities with the Dollar Strength. The metal is falling off. Silver, copper and aluminum taking the biggest hit in the last 24 hours. The marketre on action we are joined by our mliv strategist in singapore. Question of the day is what i want to start with. What assets suffered most from deleveraging .
Markets slump as warnings from the fed on the need for more stimulus ignites fresh jitters. Powell and mnuchin take the stage again today. Partial measures. France cracks down on gatherings and bars but will not impose a full lockdown to stem a surge in virus cases. Do it like the germans. Richie soon act will set out a new crisis plan to protect jobs today. One proposal is for a wage top up scheme for workers who return parttime. Otherwise known here as we are under no an hour away from the start of cash trading in europe. Big drops anticipated for european stocks. You can see ftse futures down 9 10 of 1 . Dax futures down 1 . Down even futures more. U. S. Futures dont look as bad. Remember, u. S. Stocks took a big hit yesterday. Europe escaped losses. Europe has catch up play on the way down. Set, at least in the s p and dow, to stabilize. Anna absolutely. Thats a crucial transatlantic difference in time. We ended in very different places yesterday. Lets have a look at the gmm. You c
Support. Welcome to bloomberg surveillance, im Francine Lacqua in london. Lots going on on the markets. Lets get straight to what the european stocks are doing. Down 0. 5 . Stocks are falling with u. S. Futures, as well. Oil dropping below 40 a barrel. Economicl says the rebound likely needs more support and that leaves a lot of questions about what Central Banks could or could not do. To have ans good idea of what is going on with the german economy, the german Business Confidence index aligned with expectations. Get straight to the bloomberg first word news in london. Leighann gerrans. Good morning. Protests in louisville, kentucky. One officer is undergoing surgery and a suspect is in custody. The latest violence was sparked by a grand jury decision not to file murder charges against Police Officers involved in the Fatal Shooting a Breonna Taylor. One officer faces a lesser charge of wanton endangerment for firing into neighboring apartments. Itsu. K. Is considering first vaccine st
Rally, and some of hollywoods biggest names test positive. And singapores ruling party takes almost 90 of the vote, and it is still not happy. The Prime Minister says the result is respectable, but it was not a feelgood election. Shery lets get you started with a quick look at how the markets are trading. Futureseeing u. S. Extending gains, up 0. 5 after closing the week in the green. This comes after surging coronavirus cases with states continuing to see record numbers of cases. The s p list by banks. The s p led by banks. They outperformed the tech heavy nasdaq 100 on friday for the first time in almost two weeks. We continue to see the diversion between tech stocks in the rest of the market. The nasdaq composite the highest on record. Take a look at what oil is doing. A little bit of pressure, falling to 40 a barrel level after we saw oil finish in the green last week. The International Agency bolstering its demand for oil, but warns the recovery could be derailed if we continue to
Prident trump downplays the pandemic using his fourth of july speeches to focus on the culture wars, saying the enemy is not the virus but americans protesting injustice, calling them part of a new far left fascism as kanye announces hes running for president. Whats behind this latest stunt. A massive outbreak of gun violence over the weekend, 75 people shot in chicago. More than a dozen killed. 55 shot in new york, and in atlanta, an 8yearold killed near the memorial for Rayshard Brooks. Enough is enough. Enough is enough. The call for answers this morning. Waking up behind bars. Ghislaine maxwell, the friend of Jeffrey Epstein, now facing charges, prepares to head back to court as we learn new details about her past and why one alleged victim says Prince Andrew should be panicking. Wild Weather Coast to coast. The fastmoving wildfire forcing evacuations in california and flash floods and high winds wreaking havoc in the east. And major league concerns. Dozens of baseball and basketba