The concern about the stronger currency, not to worry just yet. We saw that euro jump. Ist weakness on brexit sparking a rebound in the dollar. Your offshore renminbi, we are set to break six weeks of gains. 683 right now. That is below 40 right now. We have copper also and gold on the back foot. Oil prices on track for the biggest twoweek drop since what we saw back in april. Lets get to the first word news, we have Karina Mitchell. Senate democrats have shut down a relief plan proposed by republicans. They failed to get the 60 votes they needed. Estimatedican plan is at anywhere between 500 and 700 billion dollars. The democrats are proposing to. 2 trillion. 2. 2 trillion. Boris johnsons government refused to scrap plans to reignite the divorce accord. The eu is threatening legal action if the u. K. Does not drop the legislation within three weeks. Thes president has painted an optimistic picture. Economic data suggests a strong rebound. They kept policy on hold for Economic Contract
A hilltop runway at least 18 people are killed as it splits into pieces. Fears for close knit communities the challenges facing Papua New Guinea as it starts to feel the affects of coronavirus. And. Becomes the 1st player from china to lead a golf major at the halfway stage of the p. G. A. Championship. Clean up of lebanons damaged capital could soon give way to a new show of anger a mass protest against the government and the ruling political classes is due to begin in the center of beirut in just a few hours time search teams are still looking for 60 people reportedly missing after tuesdays port blast which killed 157. 00 people and injured now we know 6000. 00 its thought there are still people buried under tons of. Rubble the blast was so powerful it damaged buildings kilometers away leaving 300000 people homeless the residents of beirut are still working to clean up the area and there is anger at the governments response aid is coming in from around the world and france will host
The other sectors such as tech and health care. The stayathome sectors turn into the new defense, calling into question the rally. We have haven assets rallying in a significant way. Dollaryen down more than 1 . The 10 year yield reversing. It had been a sixday backup. Now 10 year yields is trading lower. That tells you there is a move into bonds. If you start to see haven assets rally, especially on the back of a strong move up, you wonder what are traders looking at. Are they just treading water waiting to see how this resolved or is it a talent on something that is about a flareup, which is u. S. China relations not liking the cyclical rally, maybe it has gone too far, too fast. There is questioning around the payrolls report on friday. David a lot of indicators pointing in different directions. What about the yield curve . There is a lot of information about the yield curve that is deepened. What does that tell us about what is coming down the road . Abigail the last time i looked
A member of the wall cabinets threatens to resigns over postwar plans for gas from london to buy lin sizes of people on the streets demanding an end to israels war on guns and, and all the headlines, nearly 70 people have died off to flash floods, devastated parts of central f canister. The rhonda attacks on northern does that have become more intense as israel push this further into an area. It said it had been cleared of how much fighters thatd be a series of attacks targeting palestinian homes at least 28. 00 people have been killed in a striking a residential block. The a couple odd one hospital in the north. Many more have been injured. Weiss who is a bali is really artillery has struck a group of people queuing for water. Age. People have been killed, women and children are among the dead, are top, corresponded to a couple wounds, begins a coffee, some dental bala in central gases. Wow. This is often more so can easily turn into a bag in a residential play close to the come on it
That we have not seen since 2007. The 30 year yield in australia, the first time punching 5 , the u. S. Also getting closer to that 5 handle. We are still bleeding when it comes to fixed income markets and that is impacting how we look at equity markets here. The dollar is looking firmer as we continue to see more of these central bankers and policymakers in japan and taiwan and korea talk about how they are watching the ethics moves very closely. And understood take a look at what is going on here as well, lots of commentary coming from the bank of thailands governor, talking about the bought beginning at levels not seen since november of last year. Its now down for three Straight Days against the dolar. Oping 1 down. We have to make a silencing that they will step in it is out of sync with fundamentals, and they have been discussing this with the Prime Minister. They say that the bank has no target level for the currency either. And they go on to say that they need more targeted poli