Could close with an agreement to cut output. Russia says it is prepared to cut as much as 15 . Lets get a check on markets. We are seeing quite a bit of risk abbett risk appetite, given that we dont see signs of a peak in cases globally in the epicenters of coronavirus. Dax up 2 and the futures pointing to gains. The s p 500 technically went to pool territory. Bull territory. Will initial jobless claims put a stop to the rally or will they shrug off the numbers . One market is perhaps telling a different story. The dollar is steady in todays session. Gains, someg some optimism ahead of the opecplus meeting in oil. Generally a bit of a riskon tone across markets. Bloomberg first word news. Vicena former u. S. President joe biden is the Presumptive Democratic nominee for president after Bernie Sanders suspended his campaign. He thanked supporters for helping create an unprecedented grassroots movement. Stays says he will on the ballot to help democrats closer to his vision. Oil gaining a
U. S. China, the changing relationship between the u. S. And china and ongoing trade tariff. The u. S. Economics Security Review Commission is a host of the event. With taiwan and hong kong. The commission began the hearings this year, we marks the 40th year of u. S. China diplomatic relations. By examining the external and internal ability to sustain growth, project power and spread its influence on the globe. This year has been one of extreme volatility between the u. S. And china. Chain and insta they thought it would be to visit and explore key topics. There is an increasing amount of commentary in the Foreign Policy community, con jebbibbij con jebbi conjecturing. And this commentary further characterizes china as a rival, having upgraded it from a competitor. The word enemy is less frequently used, but is not absent. The previous assumptions underlying u. S. Policy, such as the Current International order benefits china and capitalism brings with it democracy have been shattered
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