Investors concerned about rising Coronavirus Infections and what that means for the recovery. Global deaths are approaching one million with record cases in france and the u. K. The Trump Administration given an ultimatum over tiktok to delay a ban or respond in court. Ban isnt trumps due to take effect on sunday. ,aidi it was a meandering confused session in the u. S. Investors seemed to be trying to work out where the lead was. Investors weighing the scanned prospects of another stimulus package against a resurgence, the second wave we are seeing across europe and the u. K. Modest gains but the s p has wiped out all of its gains for 2020. Futures trading up by. 3 at this point. When it comes to the asian trading day ahead, the nikkei 225 regaining a little bit of positivity. Modest gains of. 1 , trading in the futures session in chicago. In sydney, we are watching as to whether this surge we have seen in growth shares will continue. The msci australia index jumping to a record high c
Gains in the region today. The csi 300 has been up 6 in the past five days, the biggest months. N four margin traders have returned and the stock rally is kicking off. The hang seng up 133 points. We are seeing the dollar slightly weaker, but marginal. We are watching the aussie, in t he red here now. They are all over the place. Aussie, j. P. Morgan saying expect low 60s. It is difficult to model the recovery we are seeing. Number more positive. We are watching oil, coming off of a four month high and likely to end the month in the green. Gold with four weeks of gains. Tom the u. S. Senate has given final approval to legislation that would impose sanctions on chinese officials, cracking down on dissent in hong kong. Page in his warning a strong countermeasures if the u. K. Act in response to the National Security law. Warning a strong countermeasure if the u. K. , australia and the u. S. Active response to the National Security law. In the measures appropriate the senate at this point
Company. Elon musk returns to twitter to taunt his critics. And washington approved sanctions on china over hong kong as a Top White House adviser says the u. S. Is increasingly unhappy. New trade restrictions could be on the way. Lets look at how we are setting up in asia for that final trading session of the week. To trackstocks are set wall street as we assess the latest job numbers from the u. S. We did see some sluggish data indicating the pace for hiring maybe cooling as the virus spreads. Just keeping an eye on that. Ae index could be headed for weekly gain that could massively sway sentiment. We have retail sales to from singapore and Inflation Numbers from thailand, along with a pmi reading from china. Overall, we are set to end the week higher after thursdays event. Settledg futures have lower after the index cap the biggest rise in three months, let higher by property names and chinese brokers rallied as well. Financial markets have been resilient in the face of with the ruc
Held by chief executive carrie lam, saying hong kong will increase Virus Testing to Something Like 7000 a day. Thats the hope, anyway. They will be extending that capacity for this territory here as well. Thats the backdrop here is carrie lam just outlined this increase in the number of people who will be tested here in hong kong or who can be tested here in hong kong. Haslinda chinese president xi jinping is promising to make the Coronavirus Vaccine available the pledgedeveloped, as part of efforts to defuse critics to the governments response to the pandemic. The virus does not respect borders. Mankind is a community with a shared future. Cooperation are our most powerful weapons for defeating the virus. Tom mackenzie has more from beijing. She succeed in trying to persuade critics . Tom the u. S. Will keep up its drumbeat of criticism for china. He did make some important points in the speech to the governing body at the world health organization, talking about the need to develop a
After months of no magic, Shanghai Disney throws open its doors today. We will assess theme parks in the coronavirus era. Mixed we are looking at a , possibly positive start for asia. Lets go over to sophie looking at the markets. Sophie asian stocks setting up for a week delivering more Corporate Updates with about 500 companies on the msci aipac to respond this week. And the impact of lockdowns certainly how look growth will be impacted is going to be in focus. We will look at korean trade for may area so this one is edging lower, may. This one is edging lower. Chicago nikkei futures edging higher. The 10year yield adding seven basis points. Tracking the move we have seen of supplyelds pressures prelooking at the offshore yuan over 7. 09. It will bring us Monthly Economic activity data from china this week. Look at the pboc plans to strengthen Monetary Policy report and Pay Attention to growth and jobs on the mainland. Lets look at commodities this morning, oil edging lower after two