255,000 people now dead. China hits back at u. S. Criticism saying the Trump Administration is lying. U. S. we are seeing futures flat at the moment after stocks gained for two consecutive sessions. We have seen sentiment being boosted as economies move towards easing the lockdown, cautionary comments from fed officials cutting the gains in half. Health care, utilities and games cut in half area energy was a gainer. Look at wti, adding to the gains of the regular session in new york. It had gained 20 , at the moment above 25 a barrel, the highest in over two weeks and the longest winning streak in nine months. Production is starting to ease. Walked up being felt across markets. Lockdowns being felt across markets. Wedi there is the sense dont know what is going on and price this market we are seeing . Lets get over to our next guest. Times,e unprecedented earnings for the companies that are still giving earnings, is pretty unreliable. What metrics do we go by in terms of pricing and va
Day. Saudi arabia already scaling back production ahead of the may 1 deadline. Lets take a look at how markets are setting up. New zealand is closed for the anzac day public holiday. No trading in kiwi stocks. Seeing optimistic. Japanese future going higher going into the bank of japan decision where bond buying could be on the table. Watching the japanese yen as it passes through rumors and conflicting reports on the health of the north Korean Leader, watching for a risk asset. Side in asiane trading monday, reflecting the pickup in u. S. Trading friday although we are seeing u. S. Futures trending lower in the morning asia session. Saudi arabia has already started curving output ahead of the may 1 starting date for the opecplus output and production curve agreement. Four days of gains when it comes to oil prices. Shery global confirmed cases having an impact on the markets, approaching 3 million according to data elected by bloomberg and Johns Hopkins university. There are signs new
Chairman. Lets get you started with a quick check of how markets are trading. U. S. Futures continuing to add to gains after u. S. Stocks rallied in the regular session. Vaped tech shares leading the gains. Alphabet optimism about the experiment of drug coming from Gilead Sciences. U. S. Futures gaining ground at the moment. This after the s p 500 rose in the regular session. We have some negative data when it comes to u. S. Fourthquarter gdp seeing the biggest fall since 2008. We did get the fed decision. We have policymakers holding rates steady. Wti also continued to add to gains after we rose in the regular session, rebounding from almost 30 of declines in the last two sessions. Haidi of course one of the big headlines, the Trump Administration putting together this Manhattan Project style effort to drastically cut the time it takes to develop a coronavirus vaccine. Operation work speed hopes to have enough warp speed hopes to have enough doses available by the end of the year as g
Demand for fuel continues to collapse. U. S. Futures dropping below 20 a barrel. Bridgewater associates says the pandemic is more damaging than the financial crisis i decade ago. We hear from the cochairman, ray dalio, this hour. Shery here is how markets are trading at the moment. We are seeing stocks continue to gain ground for the third session. We continue to see Downside Pressure for u. S. Futures, which are down 0. 7 . Really accelerating those losses this evening. This after the s p 500 already sank from a onemonth high. We have seen earnings, Economic Data highlighting the impact of the coronavirus pandemic. Nikkei futures down 0. 4 . As we continue to see an appreciation in the japanese yen, which is now at a two week strength against the u. S. Dollar. When it comes to crude, prices rebounding a little bit after plunging to the lowest level in two decades after the record collapse in u. S. Fuel demand. In his daily coronavirus briefing, President Trump saying there are positiv
Delivery of 7 . Look how we are in terms of the major indexes. Asian markets, most in losses tracking to 3 drop on wall street overnight. Opened slightly earlier love earlier. Slightly lower earlier. We are watching petrochina down at this point in time. The hang seng, down about 1 . Kong announced an expansion of its restrictions aimed at curbing the spread of covid19. That would weigh on the economy even more. The sti, down more than 3 . This is a market that returned to bull territory recently and citi said investors are pricing in post recovery. Singapore reports higher cases, more than 1000 for the second day running. I want to dial back to the oil story because we see oil moving to the upside after two days of unprecedented action and a spectacular selloff. Opecplus ministers holding an unscheduled conference to discuss what has been going on. The closing statement signals there are no new measures planned at the moment. Lets bring in mliv asia editor. Oil is on the up. We had tw