The recovery is under threat from the covid19 resurgence. Frydenberg says the other plumbing rate will jump in the coming weeks. Economy and the government handling of covid19. A look at howake we are shaping up for a new trading week in asia as the market continues to search for direction. U. S. Stocks trading close to fresh highs. We had the stock market up for a fourth straight week friday amid albeit light volumes. Up. 2 this morning and asia and we are seeing positivity going into the start of trading in japan. We have one report Prime Minister shinzo abe is headed back to the hospital so we will continue to watch that story. And the potential applications for policy continuity. Japanese yen Holding Steady at 105. 86, with a rebound in the friday session. Rise in u. S. Treasuries. At 42. Crude trading 49, ending the last week its advancering in asia. Shery lets talk about china. Beijing is offering support to strengthen hong kongs role as an International Financial center. For mor
Wildfire in Southern California threatens thousands of people and their homes. Washed out. On the end of an Historic Mission for 2 nasa astronauts heralds a new era in commercial space troubles. People around the world are facing heavy new coronavirus rules and restrictions governments are trying to stamp out rising infection rates while avoiding the full economic shutdowns they imposed earlier this year when a global tally by Johns Hopkins University Shows the number of reported cases is now more than 18000010600000 have recovered and about 690000 people have died but its estimated more than 200000 of those deaths are in latin america and nearly a quarter of those fatalities are in mexico the 3rd highest in the world its gottman. Began lifting restrictions and made to kick start the economy now its looking like it will have to reverse that course not interrupt the reports are new cases of coronavirus show no signs of slowing down in latin america. In argentina which had largely kept t
600,000. Los angeles is facing a new lockdown. Tokyo and hong kong reporting record numbers. Australia is set to deliver a new budget, may be the biggest blowout since world war ii. Lets take a look at how we are setting up when it comes to markets. Ures this is how it is shaping up when it comes to the future contracts. A Third Straight week of gains when it comes to the s p, managing to withstand the lakesession latesession wound. Slow but steady rotation away from growth in tech. Much more going into value. Futures are up by about 0. 1 . Positivity when it comes to the trading in tokyo, just about 0. 2 higher. Chicago nikkei futures are higher, all eyes on whats going on in brussels with now three days of negotiations in the eu to reach this agreement on the stimulus package and hand out details. We are hearing details, including that the netherlands and austria remain the strongest holdouts in the eu recovery talks. A bit of anxiety playing through when it comes to the eurodollar t
And the asian markets react strongly to news about the collapse in old prices well take you live to hong kong for the latest. And australias 2nd Largest Domestic Airline the hands of the control 2 administrators and the struggles from the effects of the pandemic. Coronaviruses cases in the United States continues to climb President Trump says hes now planning to temporarily suspend immigration in a tweet he said it was necessary to stop the outbreak and that would also protect american jobs trump previously suspended travel from europe china and other nations because of the virus lets go live now to john hendren in chicago john so a rather ominous tweet from the president what more is he been saying. Thats right there in excuse me distracting wind here but im in chicago and they dont call it the windy city for nothing and the president issued this tweet in the dark of night and he seemed to do that for good reason he could have made this announcement at his daily News Conference where
The u. S. Wrapping up pressure on beijing and it will be interesting what happens tomorrow, when the pboc reopens trade markets reopen trade and that pbo css the daily effects. Take a look at currency. It has been a mixed bag and we are watching the aussie dollar with the bank meeting today. Bank negara could be interesting expecting a 50 basis point cut later today. Are watching dollaryen summit strength low 107 now. Take a look at your commodities markets, brent crude and wti on a rebound today, gaining 6. 5 for wti. On the longest winning streak in 10 days, up for a fifth straight day and u. S. Futures also positive now. We are watching palm oil, back. We will talk about where prices go next. Lets get more analysis on these markets with our Cross Asset Team in singapore. U. S. China tensions again boiling over, keeping a lid on the markets peered what is your take on the applications . The u. S. Will often come out and say things, especially the Trump Administration, and sometimes t