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
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
On in hong kong with china over the weekend saying the security law could override hong kongs legal system. We she we see shares on the hang seng. 23,469 for the hang seng. The csi 300 pointing positive. Showing the resilience across these benchmarks. The kospi as well, we did get those export numbers. A slump easing a bit. Not very encouraging when it comes to exports of chips. Only a gain of 2. 6 . We saw a 13 advance in may. Perhaps this recovery is in an early nascent sense. The p cop, lowered by 910s of 12 . A decision coming through bank of centro and the rbnz later this week. Later on when it comes to assets, the disappointment has been with the china lpr, which they did not do anything. Given the credit numbers we have gotten, perhaps it was reason to pause. The selloff in bonds, are we going to continue to see that change . Ozzie yen, you are seeing a perk up aussie again, you are seeing a perk up. The dollar is rising for a fifth day. We have seen some flareups in australia.
Equity prices higher, and the linkage to this economy and how bad it is has never been wider apart. Futures higher this morning. Interest rates are up as well. Lower at thelds front end, and a big bid for what is happening in germany. We will talk about that a little bit later in the program. Lisa, it is a rally across the continent and europe, too. Lisa particularly in italy, where you see yields come in further than in germany. Tomorrow, the European Commission will officially propose that 500 alien euro plan of a rescue financing. Very interesting to see what type of back and concessions have been put in there. Also, thursday, the National Peoples congress of china will be voting on that Controversial National security law for hong kong. Also on thursday, the initial u. S. Jobless claims. I am watching how much we see that number come down, how much these jobs become permanent losses at a time of reopening we are seeing right now. Jonathan more ugly data expected through the week, a
Hotspot while infections in india rise at the fastest pace in asia. Zealandsnks new postvirus recovery. We are joined this hour by the rbnz governor, adrian or. Orr. Haidi lets take a quick look at markets. We saw that exuberance over the Moderna Vaccine progress really dissipate quickly. We saw the late session swing when it comes to trading in the u. S. As it has concerns over the efficacy data from moderna causing some concern. Take a look at the futures in asia. We are seeing downside when it comes to futures trading in japan, australia, and hong kong, although we are looking at a little bit more of a positive open when it comes to trading on the mainland, and just also keeping an eye when it comes to Energy Markets as well given that we are starting to see backwardation between that june and july contract for the wti, suggesting some of the storage issues have started to ease. Lets take a deeper look at the markets. Investors are increasingly debating whether the broader stock mar