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
Dollar is mostly higher against some of these currencies. The kiwi and the aussie which were the early outperformers seem to be also moving some ground. The aussie certainly has had a relentless rally. Take a look at what has been driving the sentiment here today. The likes of oil. After six straight weeks of gains, this rally seems to be taking a bit of a pause. You take a look at brent, still hovering around 42, 41. New york crude around 39. 52. We are watching the likes of the u. S. Tenyear. We have surged to a high on the jobs report for friday. We are backing off from the fed when they take the stage later this week. The yield curve is one of the steepest in three years. Expect it to steepen further from here. Chinas trade surplus surged to a record in may as exports fell left and inspected. Helped by an increase in medical related sales per lets get more on this story from selina wang in beijing. What is the context between the trade surplus . The numbers were much better than th
Weather pattern at the moment for the wet weather for scotland and Northern Ireland but set to get warmer into the weekend back up to around 30 celsius. Before that we have this set up, a weather front in the north west of the country bringing rain across Northern Ireland and scotland. That will be quite heavy at times. And some widespread showers across wales and into the north midlands and the north of england. Further south of england and wales join north of england. Further south of england and walesjoin up north of england. Further south of england and wales join up with some sunshine and feeling pleasantly warm. 0vernight tonight the weather front pushing down into the north of england and wales. To the south of that sum drier weather, showers back in the north west of scotland and temperatures between ten, 14 degrees. Tomorrow the band of rain changes direction moving back north so we changes direction moving back north so we have another helping of wet weather for scotland and
That border on the island of ireland borisjohnson will meet Angela Merkel later with a call to scrap the irish open. But so far, berlin has said border backstop in order to secure an brexit deal. They havent had concrete ideas of what those alternatives should be a man accused of murdering pc from britain. Until then, Andrew Harper appears in court and will face trial injanuary. What those alternatives should be from britain. Untilthen, until there are more concrete ideas, they thousands of Homeless Children say the backstop has to stay in the are growing up living in shipping Withdrawal Agreement. Containers and empty office blocks, joining me now to discuss according to englands this is yael selfin, childrens commissioner. Chief economist at kpmg in the uk. Coming up on afternoon live how co dependent do you think the british and german economies are . All the sport olly foster. We are talking the ashes again. The they are dependent, but its a very third test starts tomorrow. England
By. 7 the hang sang was up by 2. 1 the shanghai composite up by 2. 1 in europe right now where there is active trading taking place, green arrows across the board. The biggest gainer is the footsy up by. 8 . Quick check on treasury yields which was so closely watched last week when you saw the temporary inversion in the middle of the day between the 10s and the 2s this morning, 1. 618 the two year is 1. 15 so showing more room than we have seen over the last several sessions. We have a huge week ahead for wall street. Kicking off today, big tech executives testifying at ustr hearings then tomorrow, quarterry lults from home depot, kohls and t. J. Maxx wednesday, fed reports on existing home sales plus reports from lowes target and l. Brands and thursday jackson hole symposium kicks off where, of course, Steve Liesman will be. All leading up to fed chair jay powells big speech which will take place on friday but meanwhile, we want to pivot right now to an update on the big story over th