Authorities warned against reopening too quickly. Sending a message to facebook. More advertisers cut spending. Anchor asian markets are setting up. Virus cases continue to accelerate, not just in the u. S. But closer to home. Lets go over for a look. I am looking at the numbers, it looks like a trading week. That backdrop, futures are pointing lower this monday ahead of hancocks anniversary. Trade data do from the city this monday. Morning, thehis economic fallout from the virus, higher jobless reports. We have a downside picture across asia. Checking in on commodities, lets check in on oil. Losing ground. Near a 2012ing high. Higher prices expected. Australia does see gold expert warnings hitting a record 22 billion in 2020 through 2021, before easing in 2022. We have to big picture that good gold could top 1800 an ounce. Global virus has hit grim milestones. Cases in tokyo rose by a daily record. Japan had lifted a state of emergency last month. In the u. S. , governors are struggli
Anastasia ogrady. Daniel well its not exactly clear whats behind it. Obviously people are being infected. People who have coronavirus are transmitting it to others and there are things we can correlate with, it could be the protests that, indeed, happened all over the country for the last month. These were people in close proximity to one another, in los angeles, texas, florida, other states, it could be the number of people who have gone to restaurants, bars without masks and despite new infections do involve younger people, not the older Vulnerable People above the age of 70 who tend to be have the highest death rates. Some of the younger people are being hospitalized not too many of them are dying. The case rate is very high, the case numbers are high. The death numbers are not high, if you look across the states they remain very flat, so at the moment the surge seems to be located, paul, mainly in the younger population who has quite frankly been exposing themselves to one another
Deng xiaopings former translators and director of the China National association of International Studies victor gal thanks so much for coming back on do you not believe your phone former colonial masters britain have the right to criticize human rights in china i think britain has the right to do whatever it wants by a need to really consider whats the impact on the fundamental interest of the british people and if what he comments on constitutes an interference in channels Domestic Affairs then definitely there will be dire consequences of these are arguably empty threats and youre echoing there what the ambassador said that there might be consequences even when nato destroyed the Chinese Embassy in yugoslavia china said there would be consequences china never does anything except some harsh words briefly and then are probably retire what what is chinas position going to be as sanctions are applied as individual sanctions may be applied by the British Foreign office and of course as
Going on the ground social media editor foreign element joined in that the Virtual Press briefing on the National Security law in the Chinese Embassy in london he asked about the apparent mismatch in priorities when it came to the birth johnson governments bait of passports for 3000000 chinese citizens the British Government of course is looking to give sets and ship to millions of hong kong is to escape chinese rule of course hong kong being a former british colony so why do you think it is that the u. K. Is so willing to give citizenship to hong kong as but not other citizens of former u. K. Colonies such as maybe iraq which of course suffered an illegal war in 2003 i think some of the politicians. Still. Very strong colonial mindset. If they were to recognize that. Is no more i mean it is well known who. Has returned to china. Long since for the past 23 years so thats their problem so thats why they have its a passion they have this grown man site is still regard hong kong as and it
Although probeijing officials have said we should not be too concerned, it will lead to stability in the city. 7 . Sci asia pacific down it is certainly something of a riskoff mood, following off what we saw toward the end of play on friday in the u. S. The nikkei is down more than 1 . In the mainland, you have a bit of pressure as well a despite industrial profits up 6 coming in over the weekend for the month of may. On to the next board. We will be looking at the currencies. A bit of dollar weakness. On friday it reached its highest level in four weeks, but it has since come off slightly, leading to a bit of strength for the offshore currency here in china. The korean won is up about plan to 01 . On to some of the commodities we are looking at. Wti has been under pressure as the demand story as we focus on the rate of infections, 10 million infections, 500,000 deaths, you can see that it is lower today. Gold, science that investors are preparing to cross through 1800. 0. 64 . Year yi