The National Guard is ordered out of washington as people protest continues. Lets check on the markets. Saw ong those gains we friday, resuming the rally on better than expected jobs numbers from that job support. We are seeing new zealand trading higher. Bouncing back from the friday selloff. Sidney, we dont have trading today due to the queens birthday, long weekend. We are watching the aussie dollar. In terms of u. S. Futures, we have seen a pop up of about 0. 5 . Lets look at the oil patch. We had the extension by opec in the alliance. We are seeing upside when it comes to crude, up by 1. 6 . New york crude just over 40 a barrel. Continued gains when it comes to commodity commodities related currencies. Sophie protests continue across the u. S. And around the world as some of the largest crowds gathered over the weekend. The demonstrations have been largely peaceful. Cities have lifted curfews and President Trump has ordered the National Guard out of washington. A bloomberg editor
Reaffirming its redline over taiwan. Coronavirus claims more deaths as cages cases approach ive million. U. S. Closing travel from brazil. Protesters to announce chinas security law in hong kong. Washington says it could be the death knell for asias leading financial center. How is that playing out across these markets . Declines from last week, there is a little bit of trepidation and caution across futures now. Your getting brent crude, pleasant surprise from the upside, nothing screaming higher. 29. 65. 2965. 34. 72 brent crude. Coming off weeks of sharp gains. Looking ahead you have more data that perhaps would give us more visibility on the path. We could get consolidation as we were talking about earlier in the program. Lets talkoned, about the renewed tensions between the chinese and the americans here with the foreign minister of China Morning the u. S. To give up warning the u. S. To give up Wishful Thinking about changing china. Saying some in america are pushing relations to
Petroleum output by nearly. 1. And the imf and the world bank prepare to meet amid the worst downturn since the 1930s. The new reality of economies, collapsing train and mounting unemployment. Shery lets get you started with the markets. U. S. Futures are higher after u. S. Stocks posted the biggest weekly gains since 1974. Nikkei futures higher half a percent as we had a closeout a twoweek high. Take a look at crude. We have the historic opecplus decision, finalizing record cuts of 9. 7 Million Barrels per day, the single largest in history. Wti is gaining ground. Mexico alsoafter joined the conversation and agreed to cut 100,000 barrels per day. We will have more coming up. That is right. After several days of the virtual talks, global diplomacy finally ended in a Historic Deal to cut oil output by nearly. 1 . Destroyed oil prices. President. Great to have you. Can we breathe a sigh of relief . The cuts that have been announced, if there is adherence to those, and we have additional
U. S. Trading after west texas futures end in negative territory for the first time ever. Ups sees some light at the end of the virus tunnel. The ceo tells us ecommerce is almost thriving compared to traditional sectors. Lets take a look at the oil lets get to sophie kamaruddin, who is taking a look at highlights for us in hong kong. Sophie the relative resiliency of the markets we have seen of late have brought several benchmarks in the region of asia into bull market territory. That will be tested in the face of this oil rout. Futures. Eing mixed nikkei futures in chicago while kiwi stocks are extending mondays drop. Lets switch up the board to check in on signaling perhaps the recent optimism and equities may be unwarranted and this money, gold resuming losses but still closer to its high of the year than it slows that were hit in february and treasury futures are now unchanged after we saw the u. S. 10 year yield with alltime lows on monday and the dollar little changed as well wit
The opecplus curbs doing little for the global glut. The virus drags on demand. Policymakers are focused on the Economic Impact of the virus. We will hear from a policymaker later this hour. Shery we are seeing downside for u. S. Futures. This coming on the back of a second straight week of gains. We have seen coronavirus cases start the United States to stabilize. We are seeing coronavirus debts and cases here in new york coronavirus cases here in new york start to decline. Brent is down. There was a loss of 8. 5 on friday. There is a gloomy outlook on oil prices, wti at the lowest level on record. Haidi we have been listening into President Trump speaking at the daily Coronavirus Briefing at the white house, talking about additional testing and stimulus and conversations with the democrats coming close to a deal. President trump saying Vice President mike pence will be helping having discussions with u. S. Governors when it comes to shortcomings in testing in information will go ahea