Index to session lows in the final halfhour. Asian markets face an uncertain retention ofs want u. S. Actions. Meanwhile, hong kong braces for what could be the biggest protesting month as the City Government needs to discuss criminalizing disrespect for chinas National Anthem. Haidi lets get a look at the markets, which are being jolted by prospects of more u. S. China tensions, the prospect of these further sanctions from washington to beijing as well as Key Developments in hong kong as we get the second reading of this controversial bill as well as the expectations of more protests. Held by newg upside zealand markets. We heard from the annual testimony report there could be more mobility to the countrys Financial Institutions, hearing from the governor. Upside in kiwi trading at the moment. U. S. Futures stumbling. A little downside when it comes to trading in the futures on the back of the failure to hold onto the key psychological 3000 level for the snp, geopolitical concerns get
And twitter adds a fact check donaldor u. S. President trump for the first time. He accuses the media giant of stifling free speech. Manus just on 6 00 a. M. In london. I dont have a big enough following for a fact check. Good morning. Economic risk, Political Risk, and earnings risk. Right now, the markets are ignoring Political Risk, whether they are right or wrong, but they are certainly focused on economic risk. Jamie dimon embolden us with his comments of a fairly rapid economic recovery. He and bullard have come down towards 10 unemployment. I want to remind you 10 unemployment was the top of the Global Financial crisis. I know the stimulus is different, but these are very bullish economic record pieces that inflame the mood this morning. Good morning. Nejra good morning. Yes, it is really interesting with jamie dimons focus, versus what we saw in 20082009. That leads people to question at this point when we do see the rally continuing in risk assets, particularly equities, with
Last week. That means 38. 9 Million People have been thrown on to the unemployment lines in the last eight weeks. 38. 64 million to be precise. The only bright spot is the weekly claims have consistently come down. That implies that the layoff trend has already hit bottom. Heres the markets reaction to all of this. The dow at the moment is on the down side but not much by. Youre looking at 60 points lower. Youre looking at the nasdaq down about 16. Small losses across the board. Helping the market, astrazeneca, working with Oxford University, they have announced progress on a vaccine. They will do phase three trials with 30,000 american patients in july. If it works, they say they could deliver 300 million doses by the early fall. Then weve got three stories about open up and open up now. 600 doctors delivered a letter to the president outlining the Severe Health costs of the lockdown. They call it a mass casualty incident. Open up, they say. The front page of the New York Post blares
In libyas capital after the warlord warned turkey about its role in the conflict. And the high price on the president did this attract bounty hunters not failed coup attempt against venezuelas Nicolas Maduro. Russia is rapidly becoming the new hot spots of the worlds Coronavirus Crisis it now has the 5th most infections of any country and the mayor of its capital of moscows warning the figure was a far worse in that city alone shot at bullets reports. Russian police and Fire Fighters patrolling the streets with instructions observe the quarantine take care of yourself and stay home as countries around the world start to open up much of russia is closing down. Case numbers have escalated to put it in the top 5 of the world with more than 177000 cases but most goes mia fears and maybe even worse there is the year for according to straining studies the entire number of infections in moscow ranges from 252300000 thats 3 times the official figure theyre pretty modest budget at the table and
Rockets landing close to the turkish and italian embassies. Again in russia which is rapidly becoming a new hotspot in the global chronic spend there now more than 187000 cases the 5th highest number of infections in the world for 6 days in a row new cases have gone up by more than 10000 a day and moscows mayor as warning the number of infections is far higher than official figures charlot tell us as more. Russian police and Fire Fighters patrolled the streets with instructions observed take care of yourself and stay home as countries around the wound start to open up much of russia is closing down case numbers have to put it in the top 5 of the wu with more than 177000 cases but most screws me a fuse and maybe even worse theres the body or for according to streaming studies the entire number of fixed. And moscow ranges from 252300000 thats 3 times the official figure. At the table and now we have to toughen the requirements for travelling through the city and for the cemetery protecti