2. 95 . There were talks yesterday about another policy easing soon. There we have it today. The china 10 year bond futures rising on the back of that. The taiex currently down by 2 10 of 1 . T mnc will build the new mac chip. Apple is working on its own mac processes. It will be faster than the processors in the iphone as well as the ipad. The benchmark in new zealand currently bucking the trend, up a marginal 1 10 of 1 . Rishaad absolutely. Getting more details on that. The pboc acting in order to show sufficient liquidity in the system. Injecting merely a billion dollars worth of you want into the banking system. Weve got that declining or cut by 20 basis points. 3. 15 . Direction from our chief asian market strategist. Money intoue to pump the system, the financial system. Does it end up in the right places . This is targeted, hence the name. As the we. Look at chinas policy execution in the past six months. Lot that emphasized a these liquidities need to go to the real economy, to
Reportres whipsaw as a coronavirus drug failed in a trial. Lets get to the market. After two weeks of strong gains in equities, we are seeing a little bit of weakness. Yesterday, we saw the s p 500 close flat. Those shares moved around in that gilead report. Weakness in the asian session. About 0. 6es down percent. Weakness in european futures as well. The 10 year treasury yield steady, the bloomberg dollar index not showing a lot of movement. The aussie and kiwi underperforming. That is reflecting the risk off appetite. The u. S. Jobless came down yesterday. Quite a bit of bad data in europe and the u. K. Oil, what a wild wide right it has been. 17, brent up 0. 5 4. 5 . The u. S. House of representatives has passed a 484 billion lead package. It will replenish funding for small businesses, hospitals, and virus testing. Trump will sign the legislation on noon friday. This comes as u. S. Cases rose at the slowest pace in three. Joining us from new york on very hard earned. Annemarie. Wh
Confirmed cases. The country has extended its state of emergency through may 9. Global news 24 hours a day, onair, and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. In new york, 1 00 6 00 in london, 1 00 a. M. In hong kong. Im vonnie quinn. Welcome to Bloomberg Markets. Here are the top stories we are following from around the world. U. S. Stocks are raising gains from what has been a recovery rally. The s p 500 was up almost 2 but losing ground now on a ft report that gilead, maker of remdesivir, may not be as effective. Jobless claims rising by 4. 4 million last week but a number coming in slightly less than expected. Total job losses now top 26 million in the wake of the coronavirus outbreak. In a few minutes, an exclusive conversation with the former National Economic Council Director gary cohn. You dont want to miss that. Lets get a quick check on the markets. 8 , p 500 is up just giving ba
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