The u. S. Enters a new week with the highest number of coronavirus doubts in the world. Administration is still trying to ease lockdown restrictions by may. The Top White House virus eight says infection levels are stabilizing. Some of the u. S. Could be open in the next month. The imf and world bank held meetings this week using digital remote software. The global lenders will facing new reality of mounting unemployment. Thecials have already said Global Economy is suffering its worst recession since the 1930s. India is set to extend its current 21 date lockdown to the end of the months to allow more time to evaluate the spread of the infection. The Prime Minister said the government has adequate supplies of medicine and protective gear for frontline workers, adding that the next four weeks will be critical. The virus is ad social emergency. In hong kongals are facing a pay cut. Announced new stimulus. The additional spending accounts for double the projected government budget. The ph
The kospi back online after being shut yesterday. We know that president moon securing a big win, capitalizing on success and containing the pandemic. 100 taste 103 seats in parliament, ending a bull market yesterday. Ahead of the earnings later today, the first earnings since the pandemic started. So a gauge of how the Tech Industry is doing. Lets flip the page and take a look at currencies right now. The dollar index up, surging the most in weeks. Weaker today. A question of why that haven like the yen is currently down. On risk aversion and the plunge and ore prices adding to the conscience. Today, almostbers 6000 jobs created. Expectations were for a drop of 30,000. Parttime jobs pretty much responsible for the jobs added. One. Ooking at the rishaad data from the u. S. , retail sales and production numbers not for the faint hearted, cratering in march. Saying businesses are increasingly concerned about even weaker conditions ahead. Kathleen hays has been looking at wall all these f
Countries. We are continuing to see the corporate fallout, we will get more details on airlines. Delta saying it is suspending u. S. To china flying routes through april 30. Asked theirsoft staff to work from home. Amazon as well. The longer it takes to test anybody, the greater the risk they will be spreading the disease. Mike pence saying most cases are mild and they have flulike symptoms. Compared to the tests the u. S. Have carried out, 2000 by the end of last week, compared to 140,000 in south korea. In the u. S. We are seeing 11. Lities rising to this is having a concerning impact on the markets. Lets get to the Market Action. Speaks,president pence we see markets accelerating losses. Now trading at the lowest level since september. The chinese equity come back facing a roadblock. Seng headedg hang for its lowest level of 2020, and s p 500 futures extending the trading session losses, closing down 3. 4 , now off 0. 8 . Earlier futures were moving higher as much as 0. 7 , so quite
But security saying you will see the boj stop buying longer take 2020. In a move in the aussie in focus today. We are hearing hedge funds switching to bearish. The dollar is weaker ahead of inflation data due for november. Were also watching the thai baht, stronger against the ringback. Trade data against the greenback. Rishaad the Indian Trading day, futures are looking flat. What we have seen, discussing a short while ago, record highs for the nifty and the sensex. Friday no exception. It toheless, that brought a record high for the index of some of the heavyweight stocks. The rupee is flat. The 10 year yields, big move lurched to the downside, Something Like 10 basis point in terms of the yield. The prospects here of further Interest Rate cuts, again brought to the fore. It says something that has gotten more and more credibility as we do see further signs of weakness, particularly on the demand side from the indian economy. Thats a look at what we have in prospect. With look at wha
Through. The 10 year yield in japan did move above the 0 level for the First Time Since march. Copper is on a good run, for a fourth session. Above the 200 day moving average. We will talk about iron ore a little later. 90 per barrel, for a metal that cost why dollars to dig out of the ground, this is looking overvalued. Rishaad the Indian Trading nifty session on monday ekeing out the smallest gain, 0. 1 . Do we see more movement to the upside . The rally has ground to a halt. There were big names driving the benchmark to the upside. Futures contract at the moment, a flat start, slightly under pressure. The rupee continuing to strengthen on the back of the surprise decision not to ease policy last week. We have seen the currency appreciate since. Bond yields continue to lurch lower, pushing up yields. We are still factoring in more rate cuts. 10 year lets join su keenan in new york. She has the first word news. We start with the rba governor was saying he is surprised australias wheat