We have seen strength. It has reached 690. That could mean a path to a level not seen since january. The hang seng up 1. 5 . Take a look at where we are in terms of emerging markets. They are trading higher. 1 shy of a recent losses. The kospi is up. The south korean assets will be watched today as it is expected to stoper restrictions a flareup. Gold down to 1943. Lets get to first word news with Karina Mitchell in new york. Karina President Trump is welcoming a coronavirus treatment that involves blood plasma from corrupt recovered patients, saying it will be expanded to more sufferers after the fda approved its use. This makes it easier to make it accessible. Even though its full effectiveness has not been proven. The fda has concluded the treatment is safe and works. Virushas marked a grim milestone topping 3 million infections as the outbreak accelerates. New cases rose by 59,000 sunday with 57,000 people having died in total. South korea is considering imposing tighter Health Res
That investors will look at. We can change the board and have a look at whats happening in the fx raise. Index,omberg dollar marginal gains up over three days by about 7 10 of 8 . Turnarounde seeing a in the u. S. Dollar, but some of that will be contingent on the stimulus taking place in washington. We had a fix of 6. 9 and that is where it currently is. 6. 98 for your offshore currency. In terms of the aussie dollar, that is flat. The aussie decision is out today and expected to stay on hold. 117. Uro is at milan terms of commodity in terms of gold prices. Still has a forecast of potentially 3000 for spot gold, currently at 1975. Thats what your copper futures are doing. Nymex is down 6 10 of 1 . They have more oil onto the market with demand amid the virus being a question. There is your yield on the 10 year,. 56. Its get the first word news with Karina Mitchell in new york. The and added states remains the focus of the coronavirus pandemic, with several area starting to see faint i
More, but we are about 30 minutes into the trading day. Abigail doolittle is here, with a mixed direction for the session so far. Certainly the dow in the s p 500, fractionally lower, the s p 500 fractionally higher, but the nasdaq being helped by technology and not seeing the drag from energy the other indexes are seeing more so. Lets take a look at that. Oil on the day along with a few energy movers. 1 ,is down about 1 , almost down for a third day in a row. This reflect Hurricane Harvey, and in the wake of the storm that many of the refineries in texas have inkind. There is less demand for crude. That is weighing on the price turn weighing on some of the other names. This is an interesting dynamic to take a look at. Lets look at it in the bloomberg. Refineryhe total amount of oil processed by refineries in the u. S. , and we see through august 18, we see that about 4 Million Barrels per day are coming off line from these refineries being shot, so this processing is coming right down
After the bell, earnings beat the street. Analysts say rosy quarterly figures masked troubles at three of news corp. s properties, most notably fox. The nations retailers will report Monthly Sales today, costco post ago 4 rise in comps. And there were two after the bell winners in the space. Shares of zumis rising after the Action Sports retailers raised its forty quarter guidance on sales. Im putting the gavel down and sending it to you, mandy. You have the gavel this morning . The gavel is at the desk. He has to like that. Whenever he goes, he takes the gavel. Why dont we take on the markets this morning for you and get you up to date on what is happening out there. Of course, were looking at an implied open that is marginally positive today. As for oil prices which had been moving higher, ever creeping towards that 100 mark for crude, were currency just below 97 right now. The tenyear, theyre sitting just below 2 at 1. 993 . Now we move on to the dollar. Dollar yen at 9. That is the