The u. K. Considers new curves in london. The rda prepares to meet with melbourne again in lockdown. Pam braces for more economic gloom with First Quarter growth data. We are expecting a steeper downward revision. Lets get a check of where mark were markets are setting up. Here Sophie Kamaruddin in hong kong. Here is Sophie Kamaruddin in hong kong. Sophie a cautious start to the month of august after asian stocks have a fourth monthly gain. We are seeing sp Futures Holding steady and looking like a soft start to this trading week. Gold futures testing 2000, bouillon extending its rise after the best month in four years while u. S. Real yields lingered near record lows. Money managers are shifting gears a touch, decreasing the bullish gold bets to a six week low at the end of july. In the forex space, looking steady with offshore yuan staying below seven. We have the aussie dollar easing its earlier drop as investors assess the lockdown in victoria state. With a earning stock, we have t
Carriers from entering the country in the mist of the covid19 pandemic. This as protests continue across the country after the death of an unarmed black man, george floyd at the hands of minneapolis police. Additional officers are being charged. The original charge has been upgraded to seconddegree murder for officer derek chauvin. Some cities are planning to relax their curfews tonight with the president suggesting that the military be deployed. It is still sparking. I want to bring in abigail doolittle. Our markets correspondent who has been following the ups and downs, mostly ups. I still dont get it. Record, assing a closing high. What are investors saying that the rest of america is not . It is extraordinary. Psychological level, it is hard to believe that we are seeing stocks climbed day after day. How does that happen when we have this sort of social unrest in the United States . A possible second wave of the virus. U. S. China trade tensions, it does not make sense. It tells yo
Critic is a china trumps trade representative. First over in tokyo, we have china and hong kong starting off in about half an hour. Singapore, taiwan, they are just starting. Bit of the tailwind coming correspondent certainly something for the bulls to put their hats on. When you look at europe, let me get started there. Closing get a record. Europe in general entering a bull market. We are adding a little to those gains. Have a look at wall street. S p 500, nice deck and the dow jones nasdaq and the dow jones up. When you look at asia, there you go. Japan is very much doing the heavy lifting. Just a few hundred points. We are just about 100, 150 points short. We get about 19,500. That takes as well and above the peak that we saw as we entered the last few days of 2016. These markets opening up have decent gains. In a bull market. Good. Lly has been rsi is well above, that is a market to watch. The sort of rally we have seen. The other thing of want to focus on is the currency market.
Unimportant prerecession peak. Has beenng system recapitalized and the Financial System is safer. When the economy was in freefall in late 2008 and early 2009, such improvement was far from certain, as indicated at the time by stock prices that were nearly 60 below credit levels and very wide credit spreads. Despite this progress, the recovery clearly remains incomplete. At seven percent, the Unemployment Rate is still elevated. The number of longterm unemployed remains unusually high, and other measures of labor utilization have improved than the Unemployment Rate. Labor force participation continues to decline, and although some of this reflects of itterm trends, some likely reflects potential discouragement about job prospects. In retrospect, many of the factors that held back the be identified. Some of these factors were difficult or impossible to anticipate, such as the european sovereign debt crisis and the effects of natural disasters in japan and elsewhere. Other factors were m
And the greek finance minister says buyers are lining up to snap on assets in his country. Investors do see that theres only upside potential in the country. The economy has stabilized after a lengthy recession of about six years. So their bet, i will succeed. Youre watching worldwide exchange. Bringing you Business News from around the globe. Hi, everyone. Im seema moody. Coming up on todays show, hear why they believe alibaba missed an opportunity with its london, i po. And we go shopping to look to add to your portfolio. And Jeffrey Suleman is joining us for an exclusive interview. Find out what he thinks is next in the pipeline. Youre watching worldwide exchange. Bringing you Business News from around the globe. Welcome to the show. A lot on the agenda as we look ahead to the fed meeting on wednesday talking about the alibaba ipo. And we have a new member to the team to introduce. Very exciting. And that member knows a thing or two about m a. You have covered a lot of this action i