Lets get your headlines for you. Beijing cansles flights and orders schools to close as chinese cases of the coronavirus rise. Infections. New jay powell said the fed will use all tools to defend the economy. Robert caplain said healthcare policies are key to recovery. Indias defense stocks gain after the first deadly clash with china. The first clash resulting in death between the two countries in 45 years. Now we have e. U. Car sales coming out and the drop is substantial as you may expect. 57 is the european car sales drop in may. This comes after the much bigger plunge of 78 in april. Car sales falling by more than half. 57 in may after the 78 plunge in april. Of course that is not unexpected considering the fact that most of the month at least Car Dealerships were closed in many countries in the European Union. Just under an hour away from the start of cash equity trading in europe. Lets take a look at futures this morning. As we said, a little bit of a pause in the risk rally. Ts
The s p thought biggest rise in two weeks. Saw its biggest rise in two weeks. Korea may send troops to the dmz. Seoul remains on high alert. Shery lets get a quick check of markets. U. S. Futures under pressure. We have the s p 500 rising the most in more than a week. We had seen optimism over the u. S. Economy really offsetting any can turns over a second wave of virus infections. Nikki futures unchanged at the moment. We are waiting japans may trade data. The deficit likely narrowed. We had the boj increasing at support for corporate financing yesterday. Futures up 0. 6 . This after the best day in over two months. Yesterday, we did get the rba june Meeting Minutes with more concerns that the economy is likely to need policy support. Gaining. At the moment stocks reversing five sessions. Do watch out for new Zealand First quarter gdp numbers out later this week. Lines getting some across the terminal from jd. Com at of its trading debut in hong kong as the ecommerce player saying tha
Plus no easy way out stick around a virus crisis is making life even harder for the millions of people have fled venezuela and the countries hosting them is the u. N. Doing enough to help with getting some answers from the u. N. High commissioner for refugees. Welcome to the program a passenger jets with about 100 people on board has crashed in pakistans Southern City of karachi authorities said the plane approached by state drunk Son International airlines was on route from lahore. 320 came down in a residential area just moments before it was due to land. A spring in the sheen abbas is a journalist based in islamabad apparently the plane crashed into a residential area area what more can you tell us about that place. Well were thinking told that this is where the denture areas look it is very near the airport and it is highly congested heavily populated and witnesses said that they saw the. First hit immobile tower support ashed into a roll out the im so that is what witness is authe
International community to step in. Plus no easy way out the Coronavirus Crisis is making life even harder for the millions of people who have fled venezuela and the country is hosting that is the u. N. Doing enough to help will be getting some answers from the u. N. High commission of refugees. Welcome to the program a passenger jet with about 100. 00 passengers and crew on board has crashed and pakistans Southern City of karachi authorities said the plane operated by state run Pakistani International airlines was on route from lahore the airbus a 320 came down in a residential area just moments before it was due to last. Lets now bring in the sheen abbas shes a journalist based in islamabad. Apparently the plane crashed into a residential area what more can you tell us. This was a very heavily populated residential area very near that therefore its very congested and weve seen video that nearby residents meet that and even witnesses have said that this father. Circled around a couple
Country that with. Other activities and security. Other things are. Security. Also on the day venezuelan migrants in that battle to feed their families during the coronavirus pandemic. Im always afraid afraid to affect my family when i go back home to my children but its something that has to be faced and i have to continue working to put food on the table. China is preparing to impose a new law on hong kong potentially bypassing the tariffs these lawmakers and. Beijing calls treason secession sedition and subversion critics accuse beijing of attempted to kill the citys prodemocracy movement and believe that it will be effectively brought under direct rule beijing says a change is needed to counter threats to National Security. Beijings new security law is being met with fierce resistance and hong kong residents and lawmakers in a semi autonomous region are fighting to keep their special freedoms prodemocracy lawmakers were removed from the citys Legislative Council on friday after pro