By market. Indonesia coming online. You are seeing a marginal gain. Although when it comes to the virus, the deadliest day yet in indonesia. The story is chinese stocks. The csi 300, we are up another 3 , extending the fiveyear highs. All four of the major benchmarks in china in overbought territory. Is it the case of foam a of fomo . The topix up by 1 . We expect the earnings season to kick off with consumer stocks. The market has underperformed as of late. We are also watching currencies. We mentioned the dollar, posting the drop. Across asia fx, a strong renminbi. Risk on move today. Brent crude, hovering around the 43 mark here. Commodities gaining ground in the second half. Copper futures slightly lower today, but up last week for the seventh straight week. Lets get context with our reporter. There seems to be a very clear upward trend when it comes to virus infections in the u. S. Several other economies have reopened. How do you see that affecting markets right now . Reporter ri
Tread the virus spread between people to the highest level. To the lowest level. Abigail very risk on. The bulls rushing back in. S p 500 up for a fifth day in a row. Longest winning streak of 2020. This is the first time we have had a fiveday string of gains. That tells you the degree and strength. Individual stocks having positive news. The nasdaq had a new alltime high. The stock, the chips index, same thing. Faang index driven by the likes of amazon and tesla. The fangs, those are the stayathome stocks. You were mentioning the virus data still being pretty bad. Realworld. Een the last couple of days, it has been a global rally with asian and european stocks. The new york faang adex really doing its best on yeartodate basis. Then it is the chinese tech stocks, the cqqs. Up 22 . S s p 500 and European Tech etfs up just about 6 . That has to do with those European Technology indexes. Nokia, somerickson, of these other companies. Tech, one of this years star winners right around the wo
Grounds a 3rd of its pilots for fake or dubious qualifications. And Liverpool Fans celebrate the clubs 1st English League title win in 30 years. The World Health Organization says europe is facing an upsurge in coronavirus cases as the disease continues to ravage the americas the w. H. O. Warned some European Health systems risk being overwhelmed yet governments continue to lift restrictions in britain thousands of people took the relaxed a little too far cramming a south coast beach on the hottest day of the year the w h os europe chief says the virus is not done with the continent yes. To make the news to accelerate with a Record Number of the new group of those cases reported on sunday with 183000 confirmed in 24 hours last week saw an increase in weekly cases for the 1st time in months still here is caseload compares favorably with that of the u. S. And latin America Brazil has Just Announced almost another 40000 cases and more than a 1000 deaths of just the past 24 hours some u. S
Derek chauvin, the fired Minneapolis Police officer accused of killing george floyd. Prosecutors also charging three other former Police Officers with aiding and abetting in seconddegree murder. Radical dem Minnesota Attorney general keith ellison, who is now overseeing the floyd case, thanked americans for their, as he put it, patience as they awaited these new charges. Heres ellison announcing the charges just a few moments ago. This is going to take months, and i dont know how many, but it is better to make sure that we have a solid case, fully investigated, researched before we go to trial than to rush it. We dont and so it will take a while, and i cant set a deadline on that. Lou the charges ellison brought today were not unexpected, and the video taken of the brutallal act will obviously be central to the prosecutions case. Central to all of the mayhem and violence over the past week, the past week and a half, and its been driven in part by ugly ideological forces and powerful pa
Derek chauvin, the fired Minneapolis Police officer accused of killing george floyd. Prosecutors also charging three other former Police Officers with aiding and abetting in seconddegree murder. Radical dem Minnesota Attorney general keith ellison, who is now overseeing the floyd case, thanked americans for their, as he put it, patience as they awaited these new charges. Heres ellison announcing the charges just a few moments ago. This is going to take months, and i dont know how many, but it is better to make sure that we have a solid case, fully investigated, researched before we go to trial than to rush it. We dont and so it will take a while, and i cant set a deadline on that. Lou the charges ellison brought today were not unexpected, and the video taken of the brutallal act will obviously be central to the prosecutions case. Central to all of the mayhem and violence over the past week, the past week and a half, and its been driven in part by ugly ideological forces and powerful pa