110 per share the last time i looked. For green on the screen mainland equities. They continue to climb higher. The futures in the u. S. Are flat. We can move it on now. In terms of the dollar, there is some weakness. Trade data out earlier. A bit of a squeeze on the aussie. Concerns about the virus as well in victoria. In terms of the euro, that has been on the tail end. We can move it onto some of the commodities were looking at. This thing in terms of inventories. They have been declining but still concerns about the virus and demands there. Gold is currently at 17. 68. There is the spread that we see. Were are looking at really back termsupport, on pause in of additional stimulus to the economy. Yvonne i was hoping for some type of liquidity or something to reverse that trade. Look at what we are seeing here. The Prime Minister of australia has considered this worse. This is falling in line with what we have seen from other Global Leaders like Boris Johnson who now says nearly 3 mi
Resilience in the hong sang this morning. The u. S. House of representatives passes a fresh china sanctions bill. Welcome to daybreak europe. We could use the word resilient to talk about the markets right now. Second day of the new quarter and the second half of the year. We did the Risk Appetite pick up a little bit yesterday after a slow start. The data helping a little bit. What is driving the positive sentiment overnight in asia but also in terms of european and u. S. Futures today is an early trial of an experiment to shot from pfizer showing that the shot was safe, prompting patients to produce antibodies. Thats giving a lift to the markets. Equity markets are moving on that. The 10 year yield this study. Not a lot of movement on the headline level on the bloomberg dollar index. Yesterday withn wti going above 40 a barrel on a u. S. Stockpile drawdown. U. S. Stocks climbed after a double dose of optimism from positive Vaccine Developments and betterthanexpected manufacturing dat
Equity markets as a result of rather Economic Data than a growing number of Coronavirus Infections. Stoxx 600 up 1. 2 . German is spanish stocks outperforming. The vix overnight broke out. That is another important signal for what may come. U. S. Treasury yields unchanged. Initially drifting lower after some skepticism. Urodollar up 0. 8 eurozone unemployment data will show if this story around an economic rebound is accelerating. Brent crude on an upside, 1. 2 higher. We had the saudi cuts, the opec cuts, and the demand growth will never return to the levels precovid. Lets get to the bloomberg first word news. The u. S. House passed the sanctions bill in response to the Chinese Security law targeting chinese officials cracking down on prodemocracy protesters. The bill needs to be approved by the senate and the president. The number of daily coronavirus cases in the u. S. Talked 50,000 for the first time. Topped 50,000 for the first time. Mexico is topping spain to have the sixth most
Hong kong are extraordinary, and the Prime Minister says he will take many citizens into the united kingdom. Is that right . Than 3absolutely, more million potentially hong kong citizens are being allowed citizenship in the united kingdom. Extraordinary developments in hong kong. Not a lot of clarity and it is difficult to see where the risks actually lie. Whether it is easy to abuse or difficult to apply. Tom i agree with you, strongly. I think there has been an getting totion of their friday morning, of getting into the weekend and the experience of each and every day. Our team in hong kong is working on that. Working on that 24 7. Now with our continued reports, our first word news, in new york city, here is ritika gupta. Ritika for the first time, u. S. Daily coronavirus cases rose above 50,000. There were increases in big states including texas, florida and california. California halted more reopenings as did new york city. Becoming is increasingly a disease of the young. Todays m
Second half of 2020, there is an overlay of other stories. The pandemic story, at least in the United States, is truly front and center. I would also note the stunning close to equity markets yesterday. Call it window dressing on june 30, 2020, but we begin this july strong in the markets. Francine we certainly do. If you look at what the markets are looking at, and a lot of the focus is on the number of infections, treasuries slipping, and i am looking at a couple of Technical Glitches in europe affecting trading. We will have a full market roundup, but lets get to first word news in new york city with ritika gupta. Ritika good morning. Infectious diseases chief Anthony Fauci warns the u. S. Is going in the wrong direction. He said the country could see 100,000 new coronavirus cases a day, up from the current level of 40,000. Several southern and western states are seeing increases in infections, prompting some to put reopening plans on hold. A new poll shows 10 lead, joe biden over p