Lot of panic just yet. Nifty futures in the positive in singapore. But see how other markets are faring. Jakarta coming online. That is 1. 5 lower in indonesia. We are watching chinese stocks under a bit of pressure. As we see shortselling on these local exchanges, reaching a record. Hang seng down 112. Hsbc and Standard Chartered having another bad day. And the kospi as well, 1. 5 lower. As take a look in terms of what we saw overnight. The dollar very much in focus. The biggest gain in three months surged on this haven buying. We see real yields are higher. Those things have stabilized a bit. Did see brent crude actually, wti falling from 4 overnight. Gold is hovering around 1916 and silver really took the biggest hit yesterday with the fall of nearly 8 for silver. Taking a look at fx, with that dollar, we are seeing negative reaction that comes across g10 in asia fx. You see the pound. Cultic concerns back in the forefront. We could hear more from boris johnson. The Prime Minister h
The governor of texas warns of a massive outbreak. The imf adds to the gloom, further lowering its Growth Outlook, saying the pandemic will cause even more damage than first feared. Haidi that lead really playing into the downside we are expecting in the asian market session. Lets get it over to Sophie Kamaruddin in hong kong for a look at what we are expecting. Board, pulling up the asian futures pointing to losses of 1 or more amid the imf. Warnings of a deeper recession with japan and the Growth Outlook taking a hit. 1. 2 in theup by red this morning. A down day with trade disruptions back on the table alongside virus risks. Flipping the board, we are seeing bonds on the advance. Aussie tenure yields off by four basis points. Treasury futures to the upside after the overnight flattening we saw in cash yields as the bond market is signaling a more cautious outlook than we have seen in stocks. Check out the dollar extending gains against g10 peers with increasing u. S. Trade tensions
Border clash with china that killed 20 indian soldiers and scores growth for a boycott of chinese goods. And will turn a y strategic Arabian Horse has been spared from tough u. S. Sanctions. Bottom to the Program Brazil has become the 2nd country to record more than a 1000000 coronavirus cases it reported over 54000 and factions on friday a new high for the country which is the epicenter of the pandemic in latin america experts say the worst is yet to come amid widespread concern that the Health System is at breaking point or latin america editor lucy a new band has the latest book about the 1st football match at the Rio De Janeiro state championship was anything but a joyous occasion. Only fans of brazils most popular team main goal protested outside the american ask him against president j. Boss natl hes been betting that the return of football matches will send a message to brazilians that its time to get back to normal and back to work a couple of buddies working on a movement is a
But the virus is still spreading fast it is still deadly and most people are still susceptible. We call on all countries and all people to exercise extreme violence inmates in oblivion prison have set fires and rioted to demand their release some of the worsening covert 19 break. The prisoners say they should be released until the pandemic can be brought under control failing that demanded more doctors and Better Health care bolivia has more than 21000 cases. Indias Prime Minister is done playing the deadliest border clash between Indian Forces and china in nearly half a century and remote he has denied that chinese troops crossed into indian territory before soldiers from both sides got involved in a hand to hand fight at the border on monday 20 indian soldiers were killed and 70 were injured in the brawl in delhi says china also suffered casualties but beijing hasnt disclosed any numbers no more heart boy nobody has intruded into our borders nor have any of the post been taken over b
Reopening on hold. The bank of japan is expected to leave policy unchanged later while reassessing measures already taken to help the virus hit economy. Look at how take a markets are doing on boj decision day. We had that ricocheting session in the u. S. Overnight. If you needed further conviction as to the hand the fed intentionally has when it comes to showing up market demand, you have the announcement from the fed really causing that gain back into positive territory after we had declines of more than 2 in that trading session for the s p. Futures are looking positive. About. 25 in the green. We are looking at chicago nikkei futures trading higher by about. 3 . We are expecting just more operational steps from the bank of japan in terms of providing support to Small Businesses to be able to ride out the pandemic slowdown. In sydney, we are looking at a pop at the open. 2. 5 higher when it comes to futures, with indicated upside of two point 5 when the cash trading session begins,