Thought to be controlled by the Peoples Liberation army. And policymakers seem less likely to go down that route decide besides providing support for a long time. Shery lets take a look at how we are setting up an asian markets. Looks like trending a bit lower in sydney. U. S. Stocks really doing pretty taking overrallies adding to concerns about tougher lockdown measures with the existence of an effective vaccine. Downside about a quarter of 1 and that market along with new zealand looking pretty overheated after the recent run of gains. Continuing to push back expectations for negative rates. Chicago futures moderately positive at the moment. The yen seeing a little bit of a gain but we have seen a new daily record for Coronavirus Infections in japan this week. Authorities hinting they could need to take stronger measures to halt the increase in the spread. S p acted futures up by. 2 sessione active cash sank as much as 1. 5 overnight. Shery lets turn to our top story President Trump
Part of that down to the uae and kuwait deciding to cut production. Haslinda chinas factory gate prices fell while consumer inflation eased, pointing to weak domestic demand. Bloomberg markets coanchor Tom Mackenzie joins us from beijing. Take us through the key takeaways. Thatthe top line is Producer Prices fell more than expected. 3. 1 compared to a drop of 1. 5 in march. That does suggest weaker Commodity Prices. Going forward, Bloomberg Intelligence expects that deflationary picture to continue given that the economy will remain under pressure and we have pretty weak demand. That raises questions about the possibility of these corporates and their ability to pay down debt. Consumer prices rose 3. 3 . Poor crisis continue to rise at a slower pace. Pointing to a weaker demand picture. It is going to reinforce the case for a more certain policy support. Moderating,pi is the other question is whether this starts to spread internationally as well. They are saying there couldnt be a wors
The u. S. Revised down its revised forecast for this year and next. The outlook for automakers in a postvirus world. We look at the prospects of japan the boss of lamborghini. Shery breaking news out of south korea. We are getting the Unemployment Rate for the month of april, coming in at 3. 8 . This would be below expectations of more than 4 and at the same level than in the previous month. South korea of course has implemented big fiscal measures, not to mention the relaxation of social distancing measures and president moon jaein asking his ministers to swiftly draw up a third budget. He has announced something of a korean style nodeal with statement investments, and we are seeing the south korean Unemployment Rate at 3. 8 , the previousl as in the month as south korea continues to battle the coronavirus pandemic. That seems to have restarted and regained some momentum with those infections around nightclubs in seoul. Lets turn to Sophie Kamaruddin in hong kong for a check on the ma
And we discover what life is like for Migrant Workers in packed dormitories in singapore. The job administrations handling of the corona virus pandemic is coming under scrutiny once again with accusations that it looked for quick fixes by rushing unproven drugs to patients but right the former head of the u. S. Agency responsible for developing drugs says that that included untested doses of a malaria treatment which has been pushed by President Trump and comes as tom has announced hes winding down the governments Coronavirus Task force he says he plans to create a new team that will focus on safety as well as reopening the economy at a top u. S. General says its still not clear where the virus emerged from and it definitely wasnt manmade thats a stark contrast to secretary of state might pump a 0 whos repeatedly claimed theres significant evidence covert 900 came from a chinese liberace. And ken mitchell as an associate or such scholar at Columbia University he says the United States
Activists in the philippines raised their voices after its leading broadcasters forced off air. More than 58000 high schools and chinas crown virus epicenter will han are back in class for the 1st time since the outbreak began more than 120 schools have resumed after being closed for 4 months but middle School Students they are still staying at home the province has gradually east as lock down since april no new cases have been reported for nearly a month its going down to katrina you whos live for us in beijing. Let me correct myself a katrina 58000 students and 120 schools so tell us how all this is expected to play out. Thats right and so far the students seem to be happy and relieved this is certainly being sold as a milestone by the government in rwanda and indeed the government here in china was the at the center of the alfred and experience the most severe lockdown measures that the country experienced during this time so we now have these thousands of students going back to sch