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The show. A oneday day holiday on monday. We have seen initial gains of 85 , but still a healthy debut. A big ipo in hong kong. Smic is picking up 3 despite reports earlier. Gaining and alibaba is also up, close to four points. Currencies it onto in terms of cnh. It is around the level that it was fixed at. Pound, between brussels and london, increasingly concerned. It is currently down. 4 . 39, 1. 7 . Yvonne how they are going to reopen is still the key question. More than 4 incline. A rallyting a blip for reversal. Thisrine, we have seen text selloff just for a bit. Thisthat it can lead market at the moment or i looking too tired at the moment . On one side, you see the market really being driven with a lot of liquidity and strong retail participation, also in the u. S. , so i know it is contrarian, but when you look at the sectors, some of these companies are delivering on earnings. Fundamentalsat the and these companies that can achieve earnings growths. What kind of correlation ar ....
One progress review should happen soon. More signs offers china strengthening rebound. Sales jumped by one third last quarter to 22 billion. The company insists it is no threat to u. S. National security. Lets take a look at how we are shaping up on this final friday session of the day. Lets get over to sophie he was taking a closer look. What are we watching . Vibes coming through with futures largely higher. We could see some weakness in korea following the drop that we saw for the kospi. On the docket today were looking at cpi from japan. Nikkei futures move slightly higher this morning, while the yen is trading below the 106 handle. Pulling up the chart on the terminal, we are watching to see if tech will bounce back in the region after thursdays selloff which saw the kospi with a big loss and the worst day for the regional tech index since march. Samsung took a hit on the south outlook for to prices. Prices. Outlook on chip potential hits on huawei and delayed 5g. That could hurt ....
The power base of u. S. Politics and. This is a very very scary virus you dont it that people are going to go back to work and there could be worried about texting. Infections in mexico near their peak but our official numbers concealing the real extent of the crisis. Could have you with us welcome to the program saudi arabia has announced tough new austerity measures aimed at shoring up state finances which have been battered by low oil prices and the coronavirus pandemic from july the 1st itll raise value added tax from 5 to 15 percent it will also cut up to 26000000000. 00 from government infrastructure upgrades including crown Prince Mohammed bin salons vision of the 2030 project and to from the beginning of next month is suspending a cost of living allowance for workers more on that story as it develops through the day. We go to china now where its also continuing to take steps to reopen its economy even as it reports a rise ....
Weeks spain is opening outdoor cafes churches and mosques bus from but not at all reports but not all businesses are embracing the new freedoms. Todays a big day for at least over a 50 percent of the spanish regions will be benefiting form for the evening of these measures after 58. 00 days of history down menus. That leaving these regions will be able to meet to meet what they believe fulfill long there will be able to meet the relatives with the friends up to 10 people the maximum of 30 m. People at home or outside in terraces bars and restaurants that have terraces will be able to open at 50 percent of the capacity it will have to keep its distance of 2 meters between tables and capacity of 10 people her table we want to have physical menus on the pavement would have to be done with credit cards also retailers of less than 400 square meters will be able to open to the public also limiting the capacity on taking social distancing and sanitary measures also hotels with the able to ope ....
Demand. Ng server taking a look at the csx 300, up three tens of 1 . China unicom out with numbers. It shrank in the First Quarter. Page, take ap the look at where oil is. From the uglylly selloff to below zero. Futures in new york rising. Climbing after falling to a 21 year yield. The old story is about Global Demand shock. About two unveil a supplement fiscal package after the economy suffered its worst contraction since the financial crisis in the First Quarter. Fiscal stimulus our next guest says for skill stimulus plans are ineffective. Turning us now is jim walker. Joining us now is jim walker. Good morning. You say it is about businesses. Jim exactly. Type ofa very different crisis from the ones we have seen under the past where recessions and even the asian crisis you could take as being a downturn in demand. This i ....