Security law over hong kong sparks outrage from the opposition. We will be live in beijing at the National Peoples conference with the latest. President trump, a pledge of retaliation. The hang seng leaves asian stocks lower as u. S. Senators lower rates. And the fed could hold further guidance until the fall. Bets on a boe journey toward up support for small business. We are just under an hour away from the start of cash equity trading in europe. We will take a look first at futures after the hang seng fell 5 . Youre a stocks, ftse, and dax futures all down one euro stoxx, ftse, and dax futures all down 1 or more. On the majorps European Equity indexes. In terms of u. S. Futures, halfpercent drops, basically, across the dow jones, s p, and nasdaq futures contracts. It looks like it could be a negative open, even before we talk about big budget deficits. Anna indeed. Lets get to some of the earnings. We get some numbers out of burberry, the luxury clothing business based in the u. K. ,
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
This hour. But the city where it all began is getting back on track. China lifts travel terms in wuhan, ending 11 weeks of lockdown that disrupted the lives of millions. Shery we are seeing kiwi stocks gaining ground. We had seen u. S. Stocks under a lot of pressure today. There was a lot of volatility. U. S. Futures continue to fall 3 10 of 1 . We have surged as much as 3. 5 in the u. S. Session, but that really wasnt supported through the end of the trading day. Bk futures also down nikkei futures down after japan unveiled the 108 trillion yen stimulus package. We have seven prefectures that declared a state of emergency. Current account balance and trade balance this hour. We have crude at the moment rebounding after falling to the weakest level since the start of the month. Trump hassident threatened to withhold funding from the world health organization. He has been telling reporters at the latest coronavirus White House Briefing that he is considering doing just that. Bealso said
In infections or deaths could mean the tokyo economy could go in reverse. There is cautious optimism in europe. Spain and italy reported a decline in infection rates as people are told to stayathome over the easter break. Haidi we are getting breaking news out of south korea. The latest reading of the impact of the ongoing coronavirus pandemic having on this explosive economy. Of threetting a plunge point 8 when it comes to Industrial Production. That is actually better than the survey. We were expecting a contraction to the tune of four point 5 but 3. 8 percent contraction, worse than a contraction we saw in the month of january. When it comes to the year on year number, 11. 4 gained. A lot better than the 3. 4 that was surveyed and bouncing back well and truly from a contraction of 2. 4 percent. Seasonality issues will also be at play but we are expecting to it continued disruption when comes to supply chains, manufacturing, and overall industrial productivity and activity in korea a
The Chinese Market has been pretty resilient amid the turmoil. The nikkei to do five higher by 6. 7 . Bluechip stocks stocks looking attractive, up 0. 8 , the cheapest since 2009. Wont be surprising for investors to be picking those out. The rest of asia was pretty much down. The hang seng rising 4. 5 . The benchmark in new zealand higher. Lets flip the board and see where we are in terms of futures. A higher open. It is surprising unlimited qe did not raise the s p more than most people thought. Futures acrosstheboard pointing to a higher open later today. Now, hong kong is taking drastic measures after a surge in imported Coronavirus Infections. From midnight wednesday they will ban nonresidents from visiting for 14 days and will stop bars and restaurants from serving alcohol. Lets bring in stephen engle. Lets start with these latest measures. Why is the government feeling they are necessary . Stephen last week they put in another step where they required a 14 day quarantine for all