Covid vaccine trial has been put on hold after a patient suffered a serious reaction. Australian corporate earnings set for a tough recovery after their worst slump. Will be asking about the challenges ahead including tensions with china. Shery lets get a quick check of how markets are trading. We are seeing u. S. Futures again under pressure. Down 7 10 of 1 . This as we continue to hear more reservations coming from these vaccine makers. We heard from astrazeneca after the close. We already had some skepticism over what happened to those vaccine approvals. We also had the text selloff accelerating. We saw the s p 500 sinking to a four week low. Not to mention ongoing u. S. China tensions. Every sector on the s p 500, 11 of them were down, led by tack and energy. We had the nasdaq composite losing more than 4 during the regular session. Take a look at some of the biggest decliners. We have tesla sinking almost 20 . This after shares were not added to the s p 500. A had news that rival
Annualized basis. Slightly less bad in the estimates. They do expect a contraction of more than 20 . Nonetheless, the nikkei up 2 . You looking at u. S. Jobless claims and payroll, adding urgency around stimulus in washington. The snp active futures in the u. S. Up 1 10 of 1 . The dollar still a big story in terms of the weakness. 6. 97 . Offshore at stronger data suggesting the economic recovery in China Remains on track your the bloomberg dollar index flat. This is what is happening with the dollaryen, flat essentially. The pound on a tear. Have a the boe that will meeting thursday and no action is expected. We will look at some of the commodities as well. 56,10 year yield below yelled at 55. Today we are expected to get details around a treasury in cash issuance and the economic recovery plans in the united states. Thats whats happening with oil at 43 a barrel, down 6 10 of 1 . Lets get to first word news with Karina Mitchell in new york. Karina global coronavirus cases have topped
We were hearing that we could see some candlelight vigils later on tonight, people going online virtually. It comes amid hsbc defying the u. K. And backing this National Security law. And the corporate impact of all this as well. Lets check on the markets, they seem unphased by what were going through here geopolitically and what were seeing in the u. S. The protests have calmed down a bit in the last two days or so. Markets off the highs but were trudging higher today. Mobile stocks on track for a ninth day of gains. Jakarta coming online and continuing to trend up, 1. 3 . U. S. Future seeing a little bit of pressure. The airlines, the nifty with modest gains at the start. Haven,rally and bonds a selling all. You did see yields picking up here. The aussie, back to 1 once again. The chinese 10 year yield, now or near february highs. The second worst performer after bulgarian debt, on disappointment that beijing may refrain from stimulus. About somebts opecplus deals. Watching the curre
Ignored the domestic turmoil and instead announces hes terminating americas relationship with the w. H. O. Real people could have eaten it. And one of the charities and volunteers filling the gaps as britains welfare system is overwhelmed by corona says. Outside the white house and from coast to coast protests and violence have spread to more u. S. Cities over the death of a black man at the hands of a white Police Officer that officer Derrick Chauvin has now been charged with George Floyds murder but its done little to dampen the anger as we take you around the country starting in minneapolis itself where floyd died while being arrested on monday demonstrators defied a curfew and a large deployment of the National Guard a bank was set on fire and a Department Store was looted as well. This is the largest civilian deployment in Minnesota History that we have out there today and quite candidly right now we do not have the numbers we cannot arrest people when were trying to hold ground b
Take a look at where the csi index positive territory earlier. This confirms the slow down in japan as well as australia. Taking a look at hong kong, the hang seng negative territory, down by 9 10 of 1 . It closed at the lowest in three weeks, down 5 over the last week. Removing are cautious, or cutting investments in chunk in hong kong and newman china. Cuttinga look investments in hong kong and them in china. Powell signaling rates could be on hold. It is Rate Decision date today. Lets have a look at the prospects for the Indian Trading day. We could be contributing more to the loss we suffered in mumbai on wednesday right declining mumbai on a wednesday. 6 10 of 1 loss we saw in the session wednesday. Look at 10 year yields. A Slight Movement to the downside on the yield side. , the strength of the dollar playing into this. The inflation read is stronger than anticipated from the central bank. Have the rupee, breaching the 72 level. Another central banker out there reasserting his i