We are going mostly down. Trump has used his executive powers to ban investments in companies that are associated to the Chinese Military. Lets look at some other asset classes. Dollar index unchanged. The euro, which has been under the caution with the dollar. Crude, just dropping below 40 bucks a barrel. We have the surprise stockpile gain in the u. S. Gold price moving up as well. Goldman sachs saying they are bullish on not just gold but also copper. Lets move to what is happening first word news was. We get over to new york and joined karina mitchell. Karina the chances of a new stimulus package in the u. S. Are receiving with the white house saying sources tell us gop leaders will not lead any of the talks. Mitch mcconnell has been more distant from a democrat proposals, reducing the chances of a new deal. The Federal Reserve is again warning fiscal stimulus is required to support the u. S. Economy as potential vaccines may not end the economic fallout from the coronavirus. Chair
Deaths near 700,000. Virgin australia rescuers are set to outline the Airlines Financial plan. We are seeing u. S. Futures opening flat. U. S. Stocks finished higher in the new york session. They fluctuate between gains and losses. Thestors are assessing prospect of another stimulus measure. Says they try to come up with a timeline on the deal. We expect to hear from President Trump at a press conference anytime now. The s p 500 was way down by financials but Energy Companies led the advance. Oil is losing at the moment. Heading toward 41 per barrel. This after we saw the biggest gain in two weeks. Lets look at the asian markets. Asian stocks are looking at a modest drop potentially ahead of the session. Toyota and honda are reporting today. The yen is holding below 106. China officials are reportedly set to meet around august 15. Barda futures heading higher. When it comes to commodity currency, we saw a lift up there given the rise in oil and metals. Cracked 2000 for the first time e
255,000 people now dead. China hits back at u. S. Criticism saying the Trump Administration is lying. U. S. we are seeing futures flat at the moment after stocks gained for two consecutive sessions. We have seen sentiment being boosted as economies move towards easing the lockdown, cautionary comments from fed officials cutting the gains in half. Health care, utilities and games cut in half area energy was a gainer. Look at wti, adding to the gains of the regular session in new york. It had gained 20 , at the moment above 25 a barrel, the highest in over two weeks and the longest winning streak in nine months. Production is starting to ease. Walked up being felt across markets. Lockdowns being felt across markets. Wedi there is the sense dont know what is going on and price this market we are seeing . Lets get over to our next guest. Times,e unprecedented earnings for the companies that are still giving earnings, is pretty unreliable. What metrics do we go by in terms of pricing and va
These are your markets we are getting some data. Manufacturing pmi coming in better than expected. Little bit ofa optimism when it comes to the stoxx series the stoxx 600. Treasuries falling with the bonds. U. S. Looking daughters holding dollars holding pretty steady. Coming up tomorrow we speak to the Goldman Sachs chief executive, david solomon. Meantime we will speak about euro markets. As get to the bloomberg first word news in new york city. Viviana Prime Minister Boris Johnson has apologized for failing to deliver brexit by the deadline. Speaking to sky news he took responsibility for the failure but blamed parliament for refusing to back his timetable. One concern for his riot one concern for ryanairs ceo is the upcoming election may not decide a thing. My fear is this election would result in more delay. That could be good in that it means it means the transition to continue on ad infinitum. The economy needs to see in into this uncertainty. Viviana over to hong kong where 200
Steel stocks could have a volatile ride. The press conference to announce that is at 415. Less than half an hour from equity trading this morning, what are we looking at . This morning we are very strongly did. Really latching on to what happened with the tax story. Take a look at europe this morning. 1. 23 to the upside. We were talking about this on daybreak a little bit earlier. It looks like it could underperform today. Pointing to amany 1. 6 rally. That is what we are seeing there. Friday, when europe closed, down by 1. 25 . The reason for that is that europe closed with out pricing in the tax story, but pricing in the flynn story. As we have already indicated, that is going to turn around quite quickly. Look at the swiss franc trading, down really strong this morning. The bloomberg dollar Index Trading up by 0. 5 . There are some interesting anomalies taking place out in asia. Down, kind of a bit like the swiss franc story. Copper is stronger. You may see a difference in performa