Profit increase as iron ore holds up amid the pandemic. Relations go even further. China says attacks on tiktok were bullying and rejection of fair competition. Shery lets get you started with a quick check of how the markets are trading. U. S. Futures opening flat after the s p 500 and other major indices ended the session mixed. We had a rally in Technology Companies with the nasdaq gaining 1 . Selling off sos the s p 500 was dragged a little lower. Still closing at the highest level since february. The third time in the past week that the index topped above its february closing record during the session, but ended below it. Still up more than 50 from its march low. We did get more positive ecodata. A gauge of Builder Sentiment jumping to the highest since 1998. Take a look at oil because that positive sentiment over the economy taking oil for a five month high, all the right now under pressure. Wti now headed towards 42 a barrel. See how things are shaping up, here is Sophie Kamarud
As well. Down 0. 9 . That was expected considering all the liquidity we have seen pumped into chinese mainland markets. The hong kong hang seng well off the lows, very modest losses. Roughly flat on the day. Up near 1 surging, at the moment. As you mentioned, this after losses of 3 in the u. S. Trading session, the worst day in two years. That completely detracted those gains for the index. Lets look at a couple of the risk metrics. Across the fx and commodity riskts, seeing a little, seeing a little bit of tension, a push toward risk. Put it all in perspective. Some major moves in these Asset Classes in the past couple days. The yen having its best day since august. The aussie dollar trading near the lows since 2009. Look at commodities, copper pushing for the upside, representative of Global Growth in the economy. The gains in gold over the past five days starting to temper. 1650 dollars near a troy ounce. Haidi taking a look at a deeper dive, david is in hong kong. What you watching
Under damascus is control so thats a big boost it also means that poke that stock goes way up were going to see our own hes going to be in the gulf and i think people are going to be paying attention what do what are your thoughts on the conflict concerns rather that isis is in a position now i still rather to to research i mean there are reports that you know nothing was done about the prisoners that are escaping it seems that there wasnt really any plan to even deal with that. There was not a plan and this is shows the chaos of the situation where things are deteriorating badly and we dont know whats going to happen those bruises on the other hand this puts the ball firmly in our sides court in the court of the kurds as well and russias court all 3 are going to have tremendous interest in making sure that they keep control of the situation if it gets out of control and isis pops back up of course it could draw america back in and that none of them want iran will be there as well they
Are most prevalent the problems of poverty which is reach 20 percent in many places in the country and can reach up to 40 percent in certain parts of marginalized urban areas and the problem that tourism has really had in the post terrorist period where people no longer really want to come from europe to. Tunisia speeches and that has been a major source of loss in the economy so he has definitely offered to try to affect those but as i say his portfolio in fact doesnt include that its more focused on defense and on Foreign Policy so he will have to work closely with whoever is Prime Minister in order to make those promises effective. And more still to come including set for another 4 years early results show polands conservative ruling party has secured a majority in parliament transactions. And dozens dead many more missing the search and rescue operation continues after the most powerful typhoon in decades slams into japan. Hello there want to share in the forecast across into south
Through cheese over this is when the rains become a little bit heavier out towards the west these coastal areas could actually pick up some fairly high totals now to the south of there widespread rains across much of the indonesia borneo seeing the rains across the west and east coast quite cloudy across into sulawesi and the middle a peninsula on monday saying a fair amount of rain is tending to stay in the 4 calls as we head to choose and again some heavy rains across into northern sections of sumatra im talking of rains a cool sea we have now seen the official start of the withdrawal of the southwest monsoon still some activity further to the south just coming off that southwest coast in the last few hours but the indian metropolit is now drawing a line and said we are officially now dry really from a line goodrum or tools west bengal so the rain staying monday and tuesday further to the south some heavier spells of rain at times. The weather sponsored by catalona. On behalf of her