Likely overstepped. President trump announces rapid virus tests to expand Patient Access and reopen schools. Cases continue to rise as deaths are about to past one million globally. Shery thats get you a check of how the markets are trading. We are seeing u. S. Futures coming online flat after we saw the rally in the york regular session. We saw the s p 500 jumping the most in two weeks, extending that global rally that we saw overnight. Investors really buying the dip after four weeks of losses. We had some rebalancing of portfolios ahead of the quarter end. We have the s p 500 seeing its best day since april. Banks leading the gains. All 11 sectors gained ground. The dollar rally hitting a positive in this rally in the stock market. Wti under a little bit of pressure at the moment. This after it drew some support from the u. S. Stock rally. It was at a oneweek high. We also have some optimism over a potential stimulus deal. In the broader context of things, oil remains down 5 in sept
Added to studying the feasibility of a megamerger. Of helping understate a pay packet of carlos ghosn. We had a wave of dealmaking creating positive sentiment. We had a rebound from last week, one of the worst weeks for u. S. Stocks since march. Tech stocks taking a breather from the selloff. Asset futures trading modestly. Watchl continue to trading when it comes to japan. Potential takeover for Prime Minister the middle of next week, futures are looking flat after the yen starts to gain in the monday session. We will watch for details about the cabinet and what it means for policy continuity playing in two sentiment for the japanese markets. Dollaryen holding steady. Modest dollar weakness overnight. That is set to continue. At 37. 40. Trading opec joining a chorus of voices suggesting the era of oil demand is deteriorating. Demand forecast for each quarter as we continue to see shortselling in the oil market. To a series ofrn deals we have seen. Oracle is bidding for tiktok u. S. Op
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
The bloomberg. Back to school. Boris johnson appeals to parents to send children back to class even as a resurgence in the virus in europe hits hard. Saysu trade commissioner he is profoundly sorry for attending a golf dinner in the midst of the pandemic. Of as push higher on hopes thaw in u. S. China trade relations area and markets turn their attention to this weeks virtual jackson hole and the fed fighting crisis measures. Trump and powell both on thursday. More than 100,000 people protest against the fellow russian president in rainy minsk the belarusian president in rainy minsk. We are just under an hour away from the start of cash equity trading across europe and in the u. K. Lets take a look at futures this morning. We have some decent green a percentre than half gains across the indexes. One of the reasons is optimism that the u. S. And china are going to get along a little bit better amid reports administration is telling Tech Companies they can keep working with tencent. Take
Americas top Infectious Diseases expert says he is confident we will have a vaccine by the end of the year as infections slow and california and arizona, but florida reports record deaths. Secretary of state mike pompeo praises australia for standing up to china as the traditional allies strengthen defense ties. Shery thats get a quick check of how markets are trading at the moment. U. S. Futures opening to the upside, point 1 , this as stocks fell. We had traders assessing corporate earnings, not to mention contentious negotiations on a legal stimulus package. We have the s p 500 nearly raising money. We had traditional sectors gaining grounds. Real estate, utilities performing while energy declines. We had worse than expected results from a few companies 3m. Uding mcdonalds and the nasdaq composite also lost more than 1 . Tomorrow is the big antitrust showdown. We have the big tech giants including jeff bezos and Mark Zuckerberg testifying, so we will be watching that closely. Take a