Prices double the last couple of months. We have seen demand picking up. Taking a look at other markets, the focus is on chinese equities. They have been fluctuating between gains and losses. The shanghai cob is lower. They are largely flat after what we saw on friday. State funds trimming their holdings. There was the big news of the haltingetf in china trading until 10 30 a. M. This morning. They are saying the warning of thiss involved here tracks some of the largest stocks in shanghai. Take a look at singapore. This is reopening after the singapore election. Retaining the firm grip on power. When he 89 of seats. That is considered the weakest showing ever. Good. Be for stocks some analysts say a de a diverse up three quarters of 1 . We are taking a look at bonds and currencies. We watched the dollar posting the second weekly loss. It comes toing when the belly of the curve for u. S. Treasuries. Reversing some of the gains after we sell yields touch a record low on friday. Lower by
Margin. The result is seen as pivotal for the future ties of the nation with the European Union. And u. S. Banks are braced for the worth order since the quarter for the worse quarter since the financial crisis. Jp morgan kicks off a big rank week. Good morning, it is 6 00 a. M. In london. It is getting hot here. With an untamed virus irrationalional exuberance in stocks. It could get tricky. Goldman has upped their view of their earnings. Yall so have the gilead story in terms of remdesivir helping the severely ill despite the untamed virus in florida exceeding the peaks of new york and texas. They are still below consensus and there are deals there. The dollar drops. Two straight weeks of a demolition of the dollar. Yields traded at. 63. Do you buy the rally . Im a believer, are you . Copper is the shining narrative. Copper is ripping it up there this morning. You are looking at the longest 20 16. Streak since is that a wakeup call to the Treasury Department . On willudis turn the sa
Abigail doolittle who has been over this story. Nasdaq another record high today. What are you hearing about sort of the strength that we saw into end of todays session . Its pretty amazing. We have another record high for nasdaq. Nasdaq 100, big tech stocks continuing to do well. Those are the stayathome stocks this years defense. Theres an odd tension that you have this years defense and new hitting record high after record high. Interesting,t earlier today, you had tech slightly lower. Bulle end of the day really rushed through supporting technology. Investors looking past virus numbers. Its not going to slow the that it hadhe way on the shutdown. Back in february when the virus was raging in china, that down, stocks here ignoring it. It feels we are ignoring some of fundamental data. Take a look at the moves that we have on the day. Wasnt just tech. Tech actually on the day a sector. Ower as financials up 3. 5 . Bit of a nice cyclical tilt s p 500 beings s p helped out by bond fall
Rally, and some of hollywoods biggest names test positive. And singapores ruling party takes almost 90 of the vote, and it is still not happy. The Prime Minister says the result is respectable, but it was not a feelgood election. Shery lets get you started with a quick look at how the markets are trading. Futureseeing u. S. Extending gains, up 0. 5 after closing the week in the green. This comes after surging coronavirus cases with states continuing to see record numbers of cases. The s p list by banks. The s p led by banks. They outperformed the tech heavy nasdaq 100 on friday for the first time in almost two weeks. We continue to see the diversion between tech stocks in the rest of the market. The nasdaq composite the highest on record. Take a look at what oil is doing. A little bit of pressure, falling to 40 a barrel level after we saw oil finish in the green last week. The International Agency bolstering its demand for oil, but warns the recovery could be derailed if we continue to
My career when i was a fourstar admirals initiating up the us Southern Command, peterma in charge of all activities south of the United States as the commander of us Pacific Command a very traditionalos position for senior admiral my boss wonderful by secretary gates called me up to say forget about the pacific we will send you to nato. Was the first and as far the only admirable to be a lien supreme allied commander in nato. Is just an accident of timing and fate and secretary gates decision. From a nato perspective i was the accidental admiral who became the supreme allied commander. Host the naming was an accident as well . Someone. So lets go way back i grew up in the marine corps family my father fought in korea and vietnam. I grew up in the environment going to Quantico High School and went on to the Naval Academy thinking it would be a marine Corps Officer after my first year the navy sends everybody out on a cruise so you go out on a ship i went out on a beautiful cruise around