As prodemocracy demonstrations escalate in the capital Bangkok Police have arrested at least 20 people including 3 protest leader. Plus cape fever hits the markets shares in the Management Company of korean boyband p. T. S. D. More than double all their stock market debut. Good to have you with us germany has posted a record increase in coated cases with more than 6 and a half 1000 new infections in a 24 hour period thats the highest number since the pandemic began and i want to show you just how quickly new infections have surged in the past 7 days we were at 2828 new cases allow. Last wednesday october 8th but then the numbers kept rising theres a bit of a dent there on the weekend when not all local Health Departments report numbers and then you see the steep rise to where we are today at 6638 newly registered covert 19 infections with the numbers doubling in one week it means the virus is growing exponentially the figures come just hours after a chance but im going to akhil met wit
U. S. . Moving on to some currencies, dollar weakness is still a trend at play. We are seeing that play out for the offshore cnh strengthening at around seven. In terms of the yen, 106 is the crucial level for that. Higher option volatility. In terms of hong kong, we are focused on the newtek tech index as part of the conversation. Aussie dollar currently up. 3 . Dollar weakness very much part of the play there. Lets look at what is happening with gold. It has been on a tear, and we are getting close if not touching now record highs. Gold futures above those record 1944, close to 1 gfain gain in terms of futures. I believe the record was around 1923. Looks like we are about 1 or so away from that record price. Its 1923 or 1921. Anyway, we are edging close to that record price. Weakness. Lar silver gaining close to 2 . The 10 year in the u. S. Yield is a little below 0. 6 . Rish. Rishaad were going to bring in banny lam. Welcome to the program. We just outlined, at least tom did, outlin
U. S. To helping chinese intelligence. Claims to there are the South China Sea. Coronavirus cases topping millions, and florida surpasses new york as the second most affected state behind california. A daily record for deaths. Pause as they debate new stimulus. Republicans would like to extend the jobless payments to cover 70 of lost wages as the Economic Outlook dims. Shery lets look at how markets are trading at the moment. We see u. S. Futures to the upside after stocks fell last week with escalating china tensions, not to mention the wrangling in washington. For thegold sent above First Time Since 2011, and the , the nasdaq composite finishing at a twoweek low. Take a look at what well is doing. Is doing, brent above 43 dollars a barrel. This, of course, after we saw some pressure last week on signs of weakness in the u. S. Labor market. Prices dids oil manage a gain. The dollar index fell to a sixmonth low, the week dollar overshadowing concerns. Yes, lets take a look at asia, a p
The spectrum. We look at Asset Classes and gold and yen and, looking, of course, the geopolitics. In the meantime, this is what the data is telling us. A reminder for all of you americans, it is Independence Day. The markets in the u. S. Are closed, which means we are seeing a little bit thin trading, a selloff in risky assets globally as north korea claimed a successful Intercontinental Missile launch. Havens both advancing. You can see the vix a touch up at 11. 22. We will have plenty more on the markets but lets get to the first word news. Nejra speaking of risky assets, oil has halted gains after the longest winning streak after rude shows that opecs c production rose to its highest level in june. The increase came from libya and nigeria which are exempt from making cuts under the deal agreed between opec and its allies. Janet yellen was hospitalized over the weekend and luncheon for treatment of a Minor Infection and is heading home. Yellen was admitted on friday and released yest
And we go through brexit, what is next. Lets check on your data and your markets. We have seen a little bit of an easing of the rout we saw on government debt. Treasuries steadying after a long slide. The kospi, south koreas benchmark rising after the president was. Removed from office. The other thing i wanted to show you which is on the data screen oil climbing from a threemonth low but remains below 50 a barrel. We will get plenty more on the markets throughout the hour, but lets get to bloomberg first word news. Nejra there has been violence south koreas president became the first democratically elected leader to be forced out of office. Icourt upheld parliaments decision to impeach her over a rolen a corruption scandal. It opens the door for park to face jail time and triggers a president ial election within 60 days. Police in germany have arrested a 36yearold man who injured seven people with an ax at duesseldorfs main train station. It happened before 9 p. M. Last night. The sus