Global virus infections tops 2. 5 million with more than 175,000 deaths. U. S. Cases climbed 5 . Their biggest increase since april 10. Its get you started when it comes to the state of trading in asia. We are setting up for this wednesdays session. Sophie kamaruddin in hong kong for us. Sophie we are seeing mckay futures edge slightly higher with s p eminis expecting more eruptions in the region after asia was led lower by india on tuesday. Earnings adding to that drag. The yen just Holding Steady in the face of a stronger dollar, which is trading at a twoweek high and gold just resuming gains with spot prices up 11 this year and bank of america is bullish on bullion, raising its cold 18 month target to 3000 an ounce. Moving onto oil now, wti for june back above 13 a barrel after slipping below 10 in the new york session, which was pricing weakness in the front month contract. They are allowing for negative options to be lifted from april 22. We are seeing the Oil Forward Curve shifti
The Vice President is the governments point person. Plus, is jack dorseys job on the line . An activist investor with a sizable stake in twitter is pushing for changes. First, some ominous news in the u. S. More deaths here stateside. Despite that, the market is going green. Cindy . Es it look like it in sydney. Paul it going pretty well. Markets reacting on promises of support from Central Banks. A strong rally, higher by 3. 5 . Futures pointing higher, better than 1 as well. Alsoi futures and kospi stronger. The yen has weakened. The boj will do what it can to support markets. The aussie dollar still has a 65 handle. It is reserve bank of australia decision day and the consensus now is that the rba is likely to cut the cash rate to half of 1 . Lets take a closer look at what happened here. Stocks surging. Ending up over 4 with investors hoping that Central Banks will be coming to the rescue. For more, we are joined by Abigail Doolittle in new york. What is driving the optimism . Abig
Records and commodities enjoying their best weeks in five months. Nejra is official. The conservative party reserved a majority. Boris johnsons victory will allow him to carry out his promised to get brexit done. Aside from the parliamentary majority, it gives him free reign to take britain out of the union in january after four years of gridlock. The hope for an end made the pound jumped the most since 2017, highest level since may 2018 against the dollar, and the strongest rate against the euro since after the 2016 brexit referendum. Apart from it, its also worth noting Jeremy Corbyn said he would not leave the party in another general election and the lib dems leader has lost her seat in scotland. Taking a look at how assets reacted, you can see the pound jumped over 2 overnight. Us are ever to guests. Welcome both are our two guests. Welcome both. I think the pound could push higher. I think 1. 36 could be within isch, sterling around1. 82 in the cards. Brexit, with the outcome tha
Tariffs from the us. And both those factors have meant european stocks start the week on the backfoot. And going meatless well be talking to one firm taking advantage of the plant based revolution. Today we want to know if you thought you were being called into a redudancy meeting who would you take as your emotional support person . A man in new zealand chose a clown. Let us know just use the hashtag bbcbizlive. Hello and welcome to business live. Global Oil Prices Spiked to their highest level in four months after two drone attacks on Saudi Arabian facilities on saturday. Oil surged as much as 19 at one point, to 71 a barrel, after the attacks on the aramco facility. Aramco is the Worlds Biggest Oil producer and one of the worlds most profitable businesses. The attack is expected to hit around 5. 7 Million Barrels a day thats roughly half of saudi arabias total Oil Production. Prices eased back slightly after us President Donald Trump authorised the release of us reserves. Brent crud
Abb shares get a boost as ceo bjorn prepares to assume the top job taking over from acting ceo peter in march. Campaigning from the cabana. Takes to the beaches of italy to push his snap Election Agenda but denies hell run an ant antieuro ticket. Persian Gulf Shipping lanes as well. Well take you aboard the uss Abraham Lincoln to find out what theyre doing to deter teheran well, good morning, everybody. Were starting the week with a positive tone. You can see right behind me broadly speaking were actually up in the green. Now, remember last week was an extremely volatile week. By the end of the week we had wall street indexes all three close in the red for the week, although much up from the lows asian equities as well europe, all the action on friday was on the italian index ftse mirks b was done 2. 5 Percentage Points on friday. Today were seeing a better tone to italian assets. Ftse mib is up. 6 percentage point. Generally speaking the mood is a lot more positive as we start off the