Jakarta just coming online. Interesting when it comes to the hang seng, we are close to those session highs for the hang seng. Cathay pacific certainly one to watch. Spike onned that brief this governmentbacked rescue plan. We come back to earth a little bit. Still seeing shares elevated a little bit. Chinese stocks slightly lower. We missed on the Inflation Numbers. Small caps in china close to 20 higher from those lows we saw. India futures also pointing positive. We are watching the dollar as well. Down for nine of the last 10 sessions. A little bit of exception with the yen, 107. 79. The hong kong dollar still on the stronger side but kyle bass doubling down on his bet against the peg. We will see what kind of demand there is. Offshore renminbi pretty much unchanged right now. Haslinda lets stay with china. Factory prices continue to fall in may. The country continues to deal with the fallout of the coronavirus pandemic. Lets cross to selina wang in beijing. Break down the Inflatio
Hotspot. Australias relations with china somewhere further. Beijing is turning the screws on their 13 billion education there, saying studying may not be safe. We are seeing u. S. Futures at the moment Holding Steady after we saw u. S. Stocks finish mixed. The s p 500, falling a tense of 1 , falling today after 8 10 of 1 , falling today after raising its 2020 losses. Concerns that rebounds could be overdone. Briefly topping 10,000 for the first time ever. Apple, jumping on a report that it is preparing to announce a mac computers. Take a look at the dollar index. We are continuing to see weakness. Losses,ine sessions of the longest losing streak since 2006. We have both seasonal trends and a dovish look. Lets see how things are shaping up for asian markets. After sevenday gains for the kiwi stocks are edging slightly higher. We could see a lower open this wednesday across asia amid signs that the 5. 6 trillion rally is looking stretched. More than half of the regions forecast they bare
Focus with back in more job cuts in the wake of a record loss. Lets get you started with breaking news out of south korea. The Unemployment Rate for the month of may, coming in at 4. 5 , much higher than economists had expected. 392,000 jobs were lost in may from a year earlier. 4. 5 would be the highest level since 2001. This would be the adjusted jobless rate. We have seen losses of jobs when it comes to the hospitality, retail, and manufacturing sectors. Pressured because of weakness in global demand. There was some positivity over easing social distancing. For the month of may, it seems the Unemployment Rate has jumped in april, the. 8 highest level since 2001. Theing us for more is jpmorgan chief economist. Great to have you with us. That seems to be much higher than expected. His it just the is it just the tip of the iceberg given that we are expecting external demand to continue to be weak for the time being . Good morning. Yes, that number is higher than our expectations, indee
Exploited in facing discrimination chiles Haitian Community is left feeling more vulnerable as fears circulate about corona virus infections. Israels new Coalition Government is being sworn in very shortly the Prime Minister Benjamin Netanyahu and his former rival benny gantz agreed last month to share the leadership it marks an end to more than a year and a half of failed elections diplomatic deal making and political paralysis harry force it is our correspondent keeping a close eye on this joining us live this hour from west jerusalem so harry 2 men Work Together for the good of the country. Well thats a question that has yet to be tested to its fullest it is an extremely strange agreement that they have drawn up at least in terms of a little israeli political history it is a huge government in those terms 36. 00 ministries all swelled to they will be evenly divided between the 2 some of the ministries being created to try to satisfy the demands for jobs on both sides includes such t
Prison or dead. There had been isolated reports of attacks on polling stations in the brink office. Good to have you with this and we begin this friday and garza with a major effort to get food to millions of people, threatened by famine. Israel says that 8 ship carrying 200 tons of food has been unloaded off the coast of the territory. The ship set off from cypress 3 days ago in is, is the 1st to arrive via a new maritime aid. Cory door. Only a limited amount of aid has been reaching people in garza by land. As Israel Presses its military campaign against ha, tons of aid has finally arrived off the coast of northern casa, a spanish cherokee ship spend 3 days turning a barge packed with supplies from cyprus. Its carrying enough food for nearly half a 1000000 meals all collected by the n g o wealth central kitchen. Picking up the golf, the residence that the food was desperately needed. And the aid for my children. I want them to live and not die of hunger. All their eating is one of th