Still a dollars story. Bloomberg dollar index looking like the u. S. Dollar is steady in the last 12 hours, but on course for potentially its worse july in a decade. The dollar index is flat essentially. U. S. Dollar, yes, i want to focus on this because 103. 50 is a key line. Modest upside for the u. S. Dollar. Japan downgraded from fitch to negative outlook. But you could see further upside. 103. 50 is a line to watch. In terms of offshore currency in the mainland, or in china, 7. 0 is what we are looking at. The euro is modestly stronger against the u. S. Dollar. Gold and silver and the yield story in the u. S. , gold started to modestly moderate. At. 6 is what we are looking silver also taking a bit of profit. Basiseld story, just 14 points for the twoyear and under 60 for the 10 year. We will see what jay powell says on whether yield control is a discussion they are ready to bring forward for the fed. A look atets have what is going on first word news wise as we look at the u. S.
The governor of texas warns of a massive outbreak. The imf adds to the gloom, further lowering its Growth Outlook, saying the pandemic will cause even more damage than first feared. Haidi that lead really playing into the downside we are expecting in the asian market session. Lets get it over to Sophie Kamaruddin in hong kong for a look at what we are expecting. Board, pulling up the asian futures pointing to losses of 1 or more amid the imf. Warnings of a deeper recession with japan and the Growth Outlook taking a hit. 1. 2 in theup by red this morning. A down day with trade disruptions back on the table alongside virus risks. Flipping the board, we are seeing bonds on the advance. Aussie tenure yields off by four basis points. Treasury futures to the upside after the overnight flattening we saw in cash yields as the bond market is signaling a more cautious outlook than we have seen in stocks. Check out the dollar extending gains against g10 peers with increasing u. S. Trade tensions
Since Early Morning people have come to pray for those who died in the battle of okinawa. Many are visiting the monument where names of the military personnel and civilians who lost their lives have are inscribed. This man was 5 years old when the fighting erupted and lost his father, brother, and grandparents. Translator i pray and ask for peace and happiness. This 88yearold woman lost her uncle who was a serviceman for the impeer japanese navy. Translator because of you, uncle, we are able to enjoy peace. Ease res i in pcece i prayyor 200,000 people lost their inududingeequarr o ofheinawaw onunune 2,945, the japanesee military operations against the u. S. And allied forces in okinawa came to an end. About 200 people are expected to attend a Memorial Service at the Memorial Park in the city on tuesday. The annual event usually draws 5,000 people but this year the number is smaller because of the coronavirus. Many people in okinawa hope the anniversary is a chance for the entire countr
Limits to zero in 2024. 92 of vototes counted 77 weren favor and 21 against. An exit poll and otherer data ao show overwhelmining support f f the changes. The president said on an interview in june he did not rule o out the posossibility of running f for office again if t constitutition were revised. Putin h has effectively governe russia for two decades and opposition members say he is trying to become a president for life. Police in hong kong have arrested ten people under the territorys new National Security law that came under effect on tuesday. The first arrest came wednesday afternoon when this man displayed an independence flag. About 360 others were detained for Unauthorized Assembly and Disorderly Conduct and other offenses. Protectors take to the streets to show their opposition to the law. It lays out four criminal acts. Violators couldld face life in prison. Chief executive kerry lamb defended the law. The enactment of the law is the most important thing for hong kongs rela
25,000 on thursday, down over 1,800 points or 6. 9 from the previous day. The drop is the sharpest since march 16th. The tech h heavy nasdaq lost 5 . The s p500 was down nearly 6 . Economic outlook on wednesday, Jerome Powell warned there would be a long road to recovery. A potential second spike in infection numbers could have a long term impact on the u. S. Economy added more fuel. And lets take a quick look at the market here in tokyo which has just opened. The nikkei index is currently trading at 22 now 074, down 1. 78 from thursdays finish. The number of coronavirus cases in the United States exceeded 2 million on wednesday with new infections rising in nearly half the states. According to analysis by the new york times, daily numbers of confirmed cases are rising in 21 of the countrys 50 states including california and florida as governors ease restrictions. The newspaper mentioned increased pcr Testing Capacity in those states as a possible factor in the rise of new case numbers