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. ,
We hope you enjoy these discussions which will now began as a reminder we will take audience questions and encourage you to support at the bottom of the screen we will try to get tour to it to the end of the broadcast vector davis hanson the senior fellow here at the Hoover Institution focus on military history the bestselling author related to 24 books both the National Humanities medal if i had that i would have that hanging around my neck 24 7. Thank you for having me. A lot of us are watching this around the globe cities and suburbs are we know the differences the past couple weeks life is come to us in one a standstill you are a fifthgeneration farmer right now 15 miles outside of fresno and in this agricultural community. There is a sense that life can go on and it will go on by definition with a solitary existence so looking down at the great vineyard or trucks going by a constantly or the east coast with chickens or eggs and beef a sense that agriculture is important to make su
Well as in london. We begin with a biggie week a busy week for Central Banks. Bank of japan says they will take on unlimited buying of Government Bonds, lifting the cap also on corporate holdings. I, he joins us now. , kitchen sink, we are still throwing it. Michael Central Banks are all as string the question of what you do when you have throwing the kitchen sink. In the back of japans case, you just make the sink a little bigger. The bank of japan already has negative rates, Corporate Bond and etf buying, and an emergency Lending Program, so they just decided to make those programs a bit bigger. Unchanged at rate 10 basis points. Remember, they do yield curve control. They mentioned they would buy as many Corporate Bonds as they need to and expanding access to its Emergency Loan Program for a wider range of banks. For analysts, theres a bit less here than meets the eye. They dropped their ¥80 trillion limit on Government Bond buying, but they werent buying anywhere trillion, so it d
120 reports are in, but next week is the big week for earnings reports. Yearoveryear Earnings Growth is down 17. 6 right now as we stand. The s p before today was down 13. 4 this year. He did make back some of that ground lost, but we will see what comes our way next week. The 10 year yield has been in its range as well. We have crude limits high for the week, but nevertheless, up and helping to send Oil Companies higher. Down 0. 4 , but still around 17. 25 an ounce. Lets get back to what is happening with italian bond yields and european bonds more broadly. Italian bonds catching a bid today. Are tightening up in germany as well, despite the fact that we have an s p rating review this evening and eu leaders essentially failed to reach a significant conclusion regarding funding, how they are going to fund europes economic recovery, and yesterdays video call. Are we overestimating the risk when it comes to italy and btps . Lets get a sense of where we are at the european economy. Peter
Prices. A new study warns japan is facing a double digit contraction in the coming months as the coronavirus pandemic slows the economy further. Shery lets get you started with a quick check on how markets are trading. We are seeing key restocks gaining ground for a third consecutive session. We have seen the rbnz come out and say it is open to increasing the size and scope of its program. We are seeing further upside in trading. Nikkei to futures up. 2 . U. S. Futures under a little bit of pleasure but this of course after closing at the highest level in a month and also entering a bull market. Up more than 20 over its recent low. Wti also gaining ground, up more than 4 above that 26 a barrel level. We have seen a little bit of fluctuation in the oil market. We are headed to the opecplus meeting on thursday. President trump says there are of to slow the spread there are signs that the virus effort is having an impact. In his daily coronavirus briefing, he lashed out against the World