Shortly. Onhave got hopes of progress a vaccine and signals that they are making progress in terms of the u. S. China trade tensions. Both of those really firmly supporting the risk rally that we are seeing. Let me show you the state of play with the stoxx story. The back ofming off record highs in u. S. Stocks. The good times might not last, according to morgan stanley. They are saying the market is vulnerable to shocks, especially rising rates. Treasuries are on the back foot as we speak. We are looking at a weaker greenback. 830. Dollar at 1. 1 yeah,ps a little bit of a strange one given the wider risk appetite. The folks at pimco saying the gold rally is it played out yet is not played out yet. They believe gold remains attractively valued, especially in the context of low Interest Rates. Here are some of the stories we are watching. Both of the u. S. And china are seeing progress under their phase one trade deal. They are committed to the success of that. Senior officials from the
Trade after huge gains yesterday. Lets get your top headlines today. The grand reopening. Italy removes most restrictions on life after months of coronavirus lockdown. International visitors will not be subject to quarantine. European futures gain across the merkelespite a delay in s stimulus plan. Lufthansa commits to a deep Restructuring Plan after seeing a firstquarter net loss of more than 2 billion. Plus, thousands deny curfews in the United States but clashes with police are limited. The pentagon sent activeduty army units into d. C. , calling it a planning measure. Just under an hour away from the cash trading in europe. Any of those negative headlines dont look set to deter this rally. We are looking at big gains in futures. The futures up 1. 5 after germany future index put up a points more than 430 yesterday, powering about 12,000, looking set to open very risk on. Today you can see ftse futures up more than 1 . U. S. Futures are gaining as well. Dow jones futures are up more
The magnitude of that payroll number, equity markets are performing reasonably well. We are going into a weekend. Generally that means derisking as well. Let me deal with the middle to. 33. Crude at we have the stoxx 600 reasonably flat right now. We are seeing a bid on the dollar. Going back to your board, so why dont we handed back to you . Vonnie lets get straight to diane swonk, Grant Thornton economist. We saw a massive loss, 7001000 massive loss, 7001000 massive loss, 701,000 people. Diane many of them werent counted yet or able to be included in unemployment actrance until the cares was passed on march 26. That is really important to remember as well. Im choked up about these numbers in a way that i just, knowing how bad they are going to get is really tough. 1. 3 million workers had to accept parttime. , they have those already been laid off. Also important in the number was the survey response, where it went down because they couldnt get the people out there and staff the phon
Despite the 62 billion bid being rejected. Good morning to you. Lets get straight to what the markets have been doing overnight. It seems like there is good news once again for equity markets. Have a chart that shows the moose we seen in global equities. Thats what you will the here in blue. This is not just the april numbers for us home sales. We have asian stocks rebounding nearhe dollar holding twomonth highs even if it is retreating just a little bit this morning. Manus its going to be a very interesting day. Thing . Te hike such a bad lets check into what weve got in the markets. Their but wege have risen over the past two weeks, markets factoring in the fed hike potentially in june, back in the cards. You have negative yields elsewhere in the world. Strong data in the u. S. New home sales coming in the strongest in eight years. Never far from a barrel of oil in this region. On the way to 50. Inventories dropping by more than 5 Million Barrels and the norwegians are saying 100 is
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