Was 25 n the s p 500 better than average over the last month. We are waiting on the let us check of japan, as the pandemic puts more pressure on the economy already sliding into recession. Inflation numbers are due at this hour. Haidi lets check in on the markets. We had a pretty tepid handover from the u. S. Stocks edging higher. Volumes still below what we have seen over the past month or so. Very much a rangebound trading session. We continue to seek a new catalyst. We continue to see rising cases across the u. S. , driving the idea of a second wave. Beijing struggling with a second wave as well. Conflicting data not giving a great deal of intel as to what the future holds. We are dealing and upside on s p futures, up about. 3 . Nikkei futures also a little bit higher, japan weighing the frostburg of reopening. Also the potential demise when it comes to tourism. Sydney futures are a little bit to the downside at the moment. We could see a modest bounce at the start of trading here i
Pension reform, which is controversial and france. Tomorrow is Super Saturday in england. Restaurants, hotels and hairdressers will finally good to reopen three and a half months after the start of the coronavirus lockdown. The Prime Minister is urging people to act responsibly and warning that the u. K. s not out of the woods yet. And in hong kong, police have charged a 24yearold man for inciting and committing terrorist acts, the first charges under the new National Security law there. He was accused of violating the National Security law as he drove his motorcycle, which had on it the slogan, reveille revolution in hong kong. Beening maxwell has charged with helping Jeffrey Epstein sexually abuse girls. The federal indictment comes after Jeffrey Epsteins arrest. Maxwell was his close associate for years, but she has long denied involvement in his sexual offenses. U. S. Prosecutors say she helped him identify and groom his victims. Her lawyer declined to comment on the charges. Globa
Bank should have never taken Jeffrey Epstein on as a client as it agrees to pay a 115 million fine. Confirmed drove cases in america have crossed the 3 million mark while the death toll has made the biggest one day jump since early last month. Lets look at the markets as they double down on the concerns around the coronavirus and of course the Economic Impact the European Markets had a contraction. Decent forecasts for investors to rake through just highlighting some of the fears that many have had in the spike of fresh cases we are seeing in terms of the Market Action, we are picking up on the wall street trade and to European Markets that reversed. You can see another modest decline. 1 3 of a percent coming off the benchmark. The sectors and the boards the ftse trade is down by. 2 of a percent. It is a minimal decline. Were hearing further reports around consumption, any further scheme to try to support market businesses that has meant we are just down modestly this is what you are s
Process is dominance of government the parliamentary process is dominant of government, completely opposite of what we see in the United States, but it is really all the same thing, governments coming to the rescue of economies that are simply shattered. Francine yeah, and we dont know if there is a second wave or a specific lockdown coming our way as well. Lets get to first word news in new york city with ritika gupta. Ritika good morning, francine, tom. The u. S. Is pending planning a one a Virus Testing resurgence. Testings are being sites are being set up in louisiana and florida. They could provide a clearer picture of how the coronavirus is moving through the population. Officials are weighing how far to go in reopening the economy or rolling back steps already taken. In brazil, president bolsonaro is defending his approach to the coronavirus despite the fact it has killed tens of thousands of brazilians and left him with the disease as well. Bolsonaro has called the virus a litt
Geopolitical risks add to headwinds for investors. Oul says north korea must bear all consequences for its actions. Indian defense stocks gain on tension with china. The turnaround when i was sitting in this chair yesterday that we saw in u. S. Futures, the biggest since 2016, we saw a lot of green on the screen fueled by stimulus from the fed on corporate bonds, but also in terms of fiscal stimulus. Today is a different picture. The second wave has become front and center a little bit more again. Investors try to see where to go next. In terms of the equity rally, a mixed picture in asia. The Msci Asia Pacific index is flat. U. S. Futures edging into the red along with european futures. The 10 year yield missing a couple of basis points. Fx, you are not seeing a lot of moves either way for the dollar. G10, you are seeing underperformance of Commodity Currencies, also seeing a pullback in oil, retreating with the outbreak in china perhaps threatening the one bright demand spot there wa