Territory. We will see how long that lasts. A strengthening dollar today and treasuries at around 63 basis points for the 10 year yield. European markets are returning today. The ftse 100 was the only one open on may 1. The rest were closed. We went lower the first thing this morning. The ftse opened and was trading higher, but all of the others lower. Out of the gate as you say, we got a stronger teller today. A big move coming out of the ecb tomorrow sorry, out of the Constitutional Court regarding the ecb. We had some really poor Economic Data out of the manufacturing front in europe as well. The italian 10 year selling off just a touch. Brent crude up by 1. 21 . Climbing init risk europe unbidden mounting economic concerns over u. S. Suggestions that china hid the severity of the covid19 outbreak. A sickly escalating rhetoric, which is being a little bit aggressive towards china. We have a speech from the National Security advisor today which called out china and the suppression of
By 10 , wiping 32 billion from the economy. Shery lets get you started with a quick check of how the markets are trading at the moment. We are seeing more gains for u. S. Futures, up 1 10 of 1 . This extending those gains after the regular session so i late rally in new york on monday. It is another big earnings week. We have more than 160 s p 500 Companies Reporting this week. Higher by0 was led energy, tech and utilities. We did see pressure from u. S. Airlines, that fell after Warren Buffett set after the weekend they have sold out. Wti that the moment, we are seeing more upside which is now above the 21 a barrel. We are seeing five sessions of gains. The highest in more than two weeks. Oklahoma, the key u. S. Storage hub closing last week. Trumps push to reopen state economies is clouding efforts to predict the potential toll from the coronavirus. Hes revised up his death projection to 100,000 across the country, a significant he number than previously thought. Emily wilkins is in
The u. S. Wrapping up pressure on beijing and it will be interesting what happens tomorrow, when the pboc reopens trade markets reopen trade and that pbo css the daily effects. Take a look at currency. It has been a mixed bag and we are watching the aussie dollar with the bank meeting today. Bank negara could be interesting expecting a 50 basis point cut later today. Are watching dollaryen summit strength low 107 now. Take a look at your commodities markets, brent crude and wti on a rebound today, gaining 6. 5 for wti. On the longest winning streak in 10 days, up for a fifth straight day and u. S. Futures also positive now. We are watching palm oil, back. We will talk about where prices go next. Lets get more analysis on these markets with our Cross Asset Team in singapore. U. S. China tensions again boiling over, keeping a lid on the markets peered what is your take on the applications . The u. S. Will often come out and say things, especially the Trump Administration, and sometimes t
The g10 space. All european bonds selling off and oil getting wrapped up into all of that. We want to highlight all the market moving news from our washington dc offices. Washington, where you have President Trump speaking last night at a fox the conference about responsibility of china with the pandemic. Pres. Trump we have a pretty good roadmap right now. , we have to 60 protect his people. Maybe they stay back longer. But i think you can have it both ways. I think a lot of people want to go back. They just want to go back. Alix Kevin Cirilli joins me now with more. What else did we learn from the president . Walk this forward now that the senate is coming back to d. C. Today. Kevin good morning. The president in that fox news town hall making a declared a statement as it relates to negotiations with lawmakers, saying he would not support any economic stimulus lesson it includes a payroll tax cut. Drawing aent clearly line when it comes to a payroll tax cut. Predictionssed the for th
Higher. We had a Statement Issued from the bank of korea after a government meeting that outlined some potential support measures. The asx 200 at one point close to 4 , now higher by. 8 . Than twoes up more point 5 , this after President Trump spoke. We are also seeing safe haven bids. The dollar yen after moving towards 100, back wrenching above 10 three. The worst g10performing currency today. Gold also falling for the first day in 4. Treasury yields shooting to the upside. The 30year is up nine basis points. Some of the largest moves we have seen to the upside for the 30year over the past three years. Haidi Sarah Ponczek, taking a look at the action. And how very quickly the market story is changing here in the Asian Session. Singapore forr to more analysis on where the markets are going and what the catalysts are. Joining us is all across asset. Ditor, joanna what are we seeing in terms of this slight shift in the markets . Pretty typical after you have such a big down a deep marke