Asiapacific benchmark. Jakarta coming online. Of 1 . F 6 10 u. S. Futures are flat and so are nifty futures. At thatbe looking downgrade of indias outlook to negative. The country at risk of falling into junk status. When it comes to some of these markets, singapore reopening phase two today. The peak p, is the biggest loser on the board. Elevated. Ocks are we are expecting that we could see some action from the pboc in the next coming days. Could we see it in the form of a triple are cut . The chinese bond market has stalled a bit. We are still seeing yields go lower today. Take a look at currencies first. The dollar set for a second week of gains right now. We are watching the pound really closely. The bank of england expanded by qe program. Renminbi is steady around 708. The rupiah, we are focusing on that. B. I. Cut rates yesterday. More easing to come. Trend is steepening getting tired right now. Businesses have fears of a second wave. U. S. 10 year is down to 70 basis points righ
Suggest a post virus recovery. Highest andsides smart and Mark Zuckerberg toends the response controversial president ial tweets but his unstaffed is not agree. But his own staff does not agree. To shrug offng tensions on the streets, curfews being applied in major cities. We are seeing asia heading into the wednesday session looking likely to extend the basking in the globe we saw overnight. We have nikkei futures in australia as well as in hong kong, all pointing to a positive start to trade. The dollar fell overnight, the yen also slunk leading to some positivity out of trading. The rckiwi pair trading at its highest since october, really an indication as we see these outperform, investors feeling risk on despite gdp numbers that could show the first technical recession we are headed into in about 30 years. Pretty flattrading after seven consecutive days of gains. Americans are bracing for another night of unrest. Cities have extended their curfews. Trumpile, president feeling embat
And the nasdaq is indicated up by 66 points lets take a look at whats happening in the treasury market the other thing worth watching, wti, crude oil prices. Last i saw up another 7 to 31. 51, so seeing wti above 30 a barrel the tenyear note is yielding 0. 64 . Andrew thank you, becky. Hope everybody had a great weekend. We have an update as we do every morning these days on the pandemic lets give you the total numbers right now. Global cases have reached 4. 7 million with 1. 4 million right here in the United States. More than 90,000 people in the United States have now died from this virus changes are coming to our nations airports as well. The tsa reportedly preparing now to check passenger temperatures at about a dozen locations as soon as this week. Airlines have begun urging the government to take steps in an attempt to keep potentially sick people off planes and make travelers feel more comfortable flying again, which is going to be so crucial not only to everybodys health but t
Experts like to see but for most of the 14 days that has been the case. He did posit in these remarks to reporters we dont want to make the same flu mistake made in some parts of this country more than a century ago where parts were reopening a little early and things got worse and the flu hit all over again, in fact worse than the first go round. Were following that. Following what happens to airline stocks, taking it on the chin as one of the most biggest, prized investors says im out of here. These things dont look promising. Jackie deangelis with latest on the wall street front and how it is all connecting to the main street front. Reporter well talk with roche. Talking about a new Antibody Test approved by the fda to be used in the United States. The ceo of roche said this test is 99. 8 effective. You and i discussed the Antibody Testing how that will help get people back to work. The ceo of roche was on fox business this morning with maria bartiromo. He says there is high likelih
The last halfhour or so. The morning started out on a grim note with initial jobless claims very close to 3 million once again. Of smallerixth week jobless claims, but nevertheless , at those rates, it is still pretty dire. The dollar index is stronger today. Weaker euro and weaker sterling, too. We continue to see gains in the oil patch. 37, and brent crude trading above 30 a barrel. Governor Andrew Bailey also seeing the bank of england is not currently considering lowering Interest Rates below zero. His comments coming a day after fed chair Jerome Powell pushed back against the idea. Lets get to our guest, patrick chiefong, Plurimi Wealth investment officer. Expected. Ire as we maybe u. K. Data wasnt quite as bad as we were looking for, but still a contraction of nearly 1. 6 . Of 5. 6 . Do the Central Banks need to start considering negative rates . Patrick i think it is a bit of a mixed bag. I dont think the benefits of negative rates are that compelling at this point. If we see it