Cases continue to surge at home and abroad. The World Health Organization reporting a new record high for u. S. Oneday infections. This person has been in the job for three different governments. Taking a look at how the markets are faring, u. S. Futures trading mixed. Lower onr we saw friday at the end of a risk on week for u. S. Equities that saw big gains across the board with the nasdaq closing at a record high. It was the first down week in four for the u. S. Dollar going into the july 4 weekend. Longesta stop to the winning streak since january for the greenback. Funding rates continue to decline with dollar libor falling to a low on friday. And the best week for the bloomberg gauge since 2016 with copper notching a second weekly 1800. D gold closer to spreadseeing contango widening. Wti is off, and Brent Holding above 32. 84. Haidi take a look at how things are shaping up early in the monday morning session. Seeing new zealand up. 2 . Chicago nikkei futures pointing to a mixed t
Cases continue to surge at home and abroad. The World Health Organization reports a oneday high for global infection. Japan plans to pitch for ancial workers under g workers uneasy about their future. Lets take a look about a look at how markets are setting up. Asian risk assets likely to see a selfstarter this monday as a sections are weighed up against improving Economic Data. We have a calendar today with hong kong pmi and indonesian Consumer Confidence on cap. Kiwi stocks, little change. Fluctuating. P moving to a 10th of 1 . Haidi to our top global stories, one that is going to preoccupy markets in the second half. Local coronavirus cases topping 11. 3 million. The World Health Organization reports a single day record in new infections globally. Cases any the u. K. , south africa, japan and the philippines continue to rise. The u. S. All the daily infection rates low. Calling for more restrictions to curb the outbreak. In australia, nine Public Housing tower blocks with 3000 peopl
The s p 500 sees its biggest rise led by energy, health care, and raw materials. And an indepth look on the economy. We discussed fed policy in an expose of interview with Robert Kaplan. Shery lets get started with a quick check of the markets. The u. S. Futures are under pressure. This after we saw the rally in u. S. Stocks. Taking the s p 500 to the highest level since a few days ago. We have seen the rallies for the last three sessions and it has now gained the most in more than one week. And health care leading all 11 sectors higher and we continue to see optimism over the economy. U. S. Retail sales jumped up the most in a record. It has really offset that second coronavirus exceptions. The nasdaq was up 1. 8 . This was of course after oil went above 30,000. There are signs of improving demand and product production. What comes to the economic picture, will be getting trade figures from japan. We are setting up for a mixed open after two days rebound. This morning, qe stocks added
The s p thought biggest rise in two weeks. Saw its biggest rise in two weeks. Korea may send troops to the dmz. Seoul remains on high alert. Shery lets get a quick check of markets. U. S. Futures under pressure. We have the s p 500 rising the most in more than a week. We had seen optimism over the u. S. Economy really offsetting any can turns over a second wave of virus infections. Nikki futures unchanged at the moment. We are waiting japans may trade data. The deficit likely narrowed. We had the boj increasing at support for corporate financing yesterday. Futures up 0. 6 . This after the best day in over two months. Yesterday, we did get the rba june Meeting Minutes with more concerns that the economy is likely to need policy support. Gaining. At the moment stocks reversing five sessions. Do watch out for new Zealand First quarter gdp numbers out later this week. Lines getting some across the terminal from jd. Com at of its trading debut in hong kong as the ecommerce player saying tha
The National Guard is ordered out of washington as people protest continues. Lets check on the markets. Saw ong those gains we friday, resuming the rally on better than expected jobs numbers from that job support. We are seeing new zealand trading higher. Bouncing back from the friday selloff. Sidney, we dont have trading today due to the queens birthday, long weekend. We are watching the aussie dollar. In terms of u. S. Futures, we have seen a pop up of about 0. 5 . Lets look at the oil patch. We had the extension by opec in the alliance. We are seeing upside when it comes to crude, up by 1. 6 . New york crude just over 40 a barrel. Continued gains when it comes to commodity commodities related currencies. Sophie protests continue across the u. S. And around the world as some of the largest crowds gathered over the weekend. The demonstrations have been largely peaceful. Cities have lifted curfews and President Trump has ordered the National Guard out of washington. A bloomberg editor