Lead is in brussels for a summit turkey is top of the agenda g. 2 would stand off with grace and cyprus that exploratory drilling in the Eastern Mediterranean today talks will also address a delay on imposing a use sanctions on deliberate choice. The Spanish Government has imposed more lockdown measures on the capital madrid after a surge in corona virus cases people are only allowed to leave home for essential zing clothing work and Shopping Trips and restaurants will also close early and reduce even capacity by 50 percent. This is the news from berlin you can follow us on twitter and instagram at t w news or visit our website at stade dot com. It is a divorce that may have to be settled in court today the European Union began legal action against the u. K. Accusing the British Government of violating the brics it Withdrawal Agreement and british lawmakers admit they are guilty as charged a bill is moving through parliament that would a well the u. K. To change unilaterally the bright
South korea. Infections slow in japan, but young adults becoming more vulnerable. Do infections in new zealand itsend weaken reputation as a covid19 beater. The Prime Minister is delaying the election. Down that is weighing matters in new zealand, but lets look at u. S. Futures. Uncertainty continues to plague markets as we kick off this new session in asia. Uncertainty when it comes to trade with the phase one meetings being postponed indefinitely. We are also getting an indefinite stalemate when it comes to stimulus talks, as well as uncertainty over the future of mailin voting and usps. Theve futures trading on s p, positive 5. 1 . The nikkei 225 up by about. 25 . We are continuing to watch price action on the topics, the worlds best performing index in august as we continue to see the encouraging recovery in industrials and financials. The japanese economy sent to crater by a record in the latest quarter. We are getting gdp numbers later today. In new zealand, back to one of the to
Timeline for a meeting. Hasident trump warning he he is looking other Companies Including alibaba. Proving theto be adage, first in, first out. It could be the only major nation to grow this year. New zealand reports more infections, weakening its reputation as a covid19 beater. The Prime Minister is preparing to speak. She may delay the election. Shery lets get a quick check of markets. U. S. Futures rising at the open. We are seeing futures up to tencent 1 . This after u. S. Stocks ended the session mixed. Fluctuating throughout the session for much of the day. Just to fall slightly negative territory with utilities and health care. Recover any the u. S. Has slowed. We also have stimulus talks remaining at a stalemate. The nasdaq fell to 10 sub 1 while the dow was fell 2 10 of 1 . Signs of been some Energy Demand recovery in the u. S. That is gaining tracking gaining traction. Crude gaining a quarter of half a half of 1 . Same for brent crude, which is nearing 45 a barrel. We had ame
We are looking ahead to the fed minutes out on wednesday. Lets change the board and look at the currencies and we will check in on some of the commodities. The u. S. Dollar index currently flat. You have the euro gaining just four basis points. A stronger euro over eight straight weeks. That is beneficial for emergingmarket currencies. The yen, 76. Rsus some gains for the aussie versus the safe haven yen. Gold had its first weekly drop since early june. Gold firmly in focus. Down 3 10 of 1 . 42 for wti. Over in the u. S. , 17 basis points on the 10 year. Lets get to the first word news. Good morning south korea is warning of a new mass Coronavirus Infection after reporting its highest number of cases since early march. The latest infections are being linked to a church in seoul. Tokyo confirmed new cases. Young adults in their 20s the largest group, almost 18,000 people are infected in the capital. New data show the japanese economy continuing to stumble amid falling Global Demand and
Expected to be leak at best. We are joined by the imf mission chief later this summer. Shinzo abe widens the state of emergency to cover the country after critics said his initial plan offered too little, too late. Shery lets get you started with a quick check of the markets closing in the u. S. Markets finishing in the green after fluctuating all day. President trump mapping out a phased country reopening amid economic numbers. U. S. Futures higher by 2. 8 . President trump saying some states may be able to open before may 1. The dow jones up. 1 in the regular session. We had some big banks like Morgan Stanley showing the best performance in more than a decade. We saw a selloff in airlines stocks, United Airlines saying travel demand was essentially zero. We did get more than 5 million americans filing for unemployment benefits. The nasdaq managed to end higher by 1. 7 . Take a look at what oil is doing gaining ground at the moment after finishing under the 20 per barrel level also up