Suggest a post virus recovery. Highest andsides smart and Mark Zuckerberg toends the response controversial president ial tweets but his unstaffed is not agree. But his own staff does not agree. To shrug offng tensions on the streets, curfews being applied in major cities. We are seeing asia heading into the wednesday session looking likely to extend the basking in the globe we saw overnight. We have nikkei futures in australia as well as in hong kong, all pointing to a positive start to trade. The dollar fell overnight, the yen also slunk leading to some positivity out of trading. The rckiwi pair trading at its highest since october, really an indication as we see these outperform, investors feeling risk on despite gdp numbers that could show the first technical recession we are headed into in about 30 years. Pretty flattrading after seven consecutive days of gains. Americans are bracing for another night of unrest. Cities have extended their curfews. Trumpile, president feeling embat
Assessment of Global Energy demand. Saudi arabia is cutting output to the lowest level since 2002. As mentioned, we are looking at the start of the trading session. Thats get over to Sophie Kamaruddin in hong kong. We are expecting moves to the downside. U. S. Futures holding onto a three day decline in kiwi stocks. The index is off by about. 33 and markets are priced in new zealand to join the negative rate club. Amid calls for more stimulus around the world, we are waiting to see if china will cut the rate for the third time this year as the country grapples with a week start and millions of unemployed. Emerging from lockdown, the global stock rallies are sputtering. Risk is wave infection being weighed alongside the threat of business failures and job losses becoming permanent. Beyond that, the aussie dollar is bearish and ahead of the april jobs report. It is seen with a deeper impact. President trump says fed chairman jay powell is doing a good job but disagrees with him on negati
Around 250,000. The u. S. Planes china. Blames china. Warren buffett bails out of u. S. Aviation. He says the coronavirus has changed the Airline Industry forever. Shery breaking news out of south korea, getting Consumer Price inflations. It is an deflation territory. This is now a contraction of 0. 6 . This is a bigger decelerations when itt was expected. Comes to the year on year figure, a little bit better, still accelerating, 0. 1 . Suffice it to say there is a lot of pressure on Consumer Prices and we have had social distancing measures continue to dampen command demand. You strip out a little bit of energyactors including factors, cpi still accelerating 0. 3 but missing expectations. This would lead to more pressure on the bank of korea to do more. Bloomberg economics expecting a 28e cut as soon as the may meeting and further measures to bolster liquidity. Look at how markets are trading, seeing Downside Pressure for kiwi stocks falling more than 1 , the lowest level in more than
Few smiles and the magic kingdom. Disney suffers a coronavirus hit with seem parks shot, movie theaters closed, and sports on hold. Shery a quick check of the market. This after u. S. Stocks gained ground for a second day in the regular session. We have sentiment being boosted as more economies move towards easing lockdowns. Still, in the last hour of trading, there were some cautionary comments on said officials that cut gains in half. New zealand stock scanning. 8 . This would be a Third Session of gains. Therir rate. Rate. Ir we have the rba leave rates unchanged. We are looking forward to retail Sales Numbers very soon and we will see how all of that toilet paper hoarding that we saw in march is reflected in the numbers. Not Much Movement for the japanese at the moment. Tosident trump continues push the theory that the coronavirus originated and escaped from a lab inside wuhan but sources within the u. S. Intelligence Community Say the intelligence is less than definitive. That as
Jerome powell talks of heartbreaking harm from the coronavirus and says the pandemic has brought the u. S. To an abrupt halt. We are seeing optimism with asian stocks really prized to follow the leader when it comes to gains on wall street overnight. The s p 500 gaining 2. 5 percent, touching a sevenweek high as we have the dual optimism over expected track to a vaccine with the socalled operation work speed from the Trump Administration. More encouraging news about efficacy on a Gilead Sciences therapeutic as well. We are taking a look at gains resuming in new zealand. Japanese futures pointed up after yesterdays public holiday. U. S. Futures also showing an extension of those public gains. On seeing futures looking positive as well. Korea closed today and hong kong markets closed for the birthday holiday. Taking a look at oil because we are seeing a second day of gains for wti up, the 22 plus gain in the overnight session. We are seeing opening up here higher by over 6 in asia. This