Today. We are seeing crude fall 13 when it comes to w. T. E and the phillipines, that is one of the weaker side. But when it comes to the june ontracts, down 4 to 19 bucks. Look at what it comes to w. G. E . We are hovering around the 11 mark when it comes to new york crude, down 13. 6 . We mentioned about the United States oil fund, the largest oil fund in the world selling off e and ingsings in w. G. Unexpected move. Lets get more analysis with jp morgan asia yeah strategist. Is this starting to hurt the equity market . I think the moves that we are seeing in the oil complex is very, very specific. And looking across massive impacts doesnt i think the easiest thing to see the forward looking long data futures on Oil Prices Remains rather stable and it is not assuring. And the weakness we are seeing the new york futures is specific to the supply and storage they are seeing. I wouldnt put too much into that will market at this point. Interesting you say that, there is a divergence and
Itsco prepares to make trading debut in riyadh. Reports say it is considering a secondary listing in asia. I want to get you to some breaking news out of new zealand. We have a fiscal update for you. They are cutting the Budget Surplus forecast. It now sees a budget deficit in 2019 and 2020. And smaller updates after that, specifically 943 million deficit. This is a previously forecast billion dollars. Returning to forecast the following years, but only just. Forecast was for 2. 1 billion. Growth of 2. 1 seeing a sharp wasward revision from what previously forecast as well. 2020 is an Election Year from new zealand, too. Just some headlines there. Thats get straight to the Market Action with Sophie Kamaruddin in hong kong. Sophie lets kick off with tokyo. Topix withand divergence. The end is Holding Steady. A bunch of event risk including the u. K. Election and the upcoming fed decision in hong kong with that tariffs deadline on sunday. A 10 year yield hovering around zero. Lets switch
Saying his call was wonderful. The white house was already trying to keep the record under wraps. Thecycle Fitness Company third worst unicorn debut since the financial crisis. Woworks cash plans go awry. Shery lets get you started with a quick checkup on how markets closed. It was a broglie risk obsession with stocks losing ground, at treasuries advancing, and the dow lost 80 points. The s p 500 lost. 25 which was the fourth decline in the last five sessions. We started lower given the whistleblower complaint in that impeachment inquiry against President Trump was released, but then, this was exacerbated after u. S. Officials talked about that temporary waiver for u. S. Suppliers to send their products to huawei. It could probably not be extended. Market sentiment was rattled. The nasdaq fell. 6 . Energy was the biggest loser despite the fact that we did see crude prices recover after we heard reports that the u. S. Would be sending military equipment to saudi arabia. U. S. Futures at
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