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Bad session like we saw in the u. S. , snapping out of gains. New york futures are slightly higher. The dollar is stronger. We saw quite a bit of steepening in the Treasury Curve. Youre seeing the threeyear at around 24 basis points. We did see the spike in yields, slightly off that now in the Asian Session after the treasury unexpectedly announced that refounding announcement. Boosting that issuance on the long end of the 10 year and 20 year with the auction so markets are bracing for that surge in supplies. Were also watching currencies, remedy still very much in focus here today. The message the last couple of days has been calm down, we have slightly stronger fixings here. Were seeing the renminbi slightly down. We are continuing the rally of brent crude, slightly higher by half of one percent, just below 30 bucks for brent. Looking ahead to the data now. China set to rae ....
People struggling to maintain that. The nikkeir before gets back up and running. Thailand, we got a Rate Decision. We have wiggle room, if you will for another cut. Has been thai bhat appreciating. Deposit index falling back. That is where markets are currently. It bit of caution out there. A bit of aing like summer of hope, but not seeing that much sunshine, lets put it that way. Seeing prettyre strong gains in recent weeks on the back of that. Taking a look at some of the other commodities. Oil down 0. 2 . Demand returning. Expectations intact. Dampeningomment sentiment at the same time. Highest and more than seven Years Holding onto gains. A strongerthanexpected rebound in chinese demand. Gold etf holdings rising for a 17th straight day. Taking a look at where the aussie is right now. Some sentiment in the market suggesting we should go along aussie a recovery that. Kiwi, po ....
Halston, 12. 5 . San miguel withdrew its tender officer for the company as the timeline ran out. Ayala down. 31 . The overall composite half a percent higher. Lets move things along and get to new york and look at some of the first word news. Global Coronavirus Infections continue to rise and now top 4 million with jess at about 280,000. The u. S. Has by far the most cases and fatalities with 1. 3 Million People infected and almost 79,000 having died. The virus was first reported in china and beijing has confirmed about 83,000 cases with just over 4600 fatalities. Saudi arabia says it is planning to cut spending and triple vat to 15 as it looks to offset the impact of the virus. The finance minister says the pandemic combined with Falling Oil Prices has cut revenue input and president and pressure on the publ ....
Measured by the pboc. Rate cut by 10. All helping to cushion the Economic Impact of the virus. Down almost 1 . Bucking the trend. But stake a look at where we are in terms of asian stocks. They say this is not a reflection. Rishaad 15 down for new york crude. Nevertheless, we have seen that severe weakness. Gold not much of a haven. Lets have a look at what we can expect from indian markets. The rupee strengthening by 6 10 of 1 . Haslinda the r. B. I. Laying the ground for more rate cuts. President trump has suggested china may have deliberately caused the pandemic. China hit back, accusing washington of trying to shirk responsibility of its own failures. Another ratcheting up of tension over the handling of the virus. That is right. To accuse china of deliberately starting the coronavirus is remarkable. Many would describe as a borderline conspiracy theory. The in the views of minority of people. Now he is saying that maybe chin ....
Today. We are seeing crude fall 13 when it comes to w. T. E and the phillipines, that is one of the weaker side. But when it comes to the june ontracts, down 4 to 19 bucks. Look at what it comes to w. G. E . We are hovering around the 11 mark when it comes to new york crude, down 13. 6 . We mentioned about the United States oil fund, the largest oil fund in the world selling off e and ingsings in w. G. Unexpected move. Lets get more analysis with jp morgan asia yeah strategist. Is this starting to hurt the equity market . I think the moves that we are seeing in the oil complex is very, very specific. And looking across massive impacts doesnt i think the easiest thing to see the forward looking long data futures on Oil Prices Remains rather stable and it is not assuring. And the weakness we are seeing the new york futures is specific to the supply and storage they are seein ....