Cut. Unemployment is rising but so are home prices. On the edge, hong kong leader carrie lam under pressure after new reports that says she will quit if she could. We have the latest on the unrest. Kathleen it may be u. S. Labor day monday holiday, but that does not mean futures markets are trading. Lets start with the s p futures contract. 48 . Now down about Bloomberg News reported u. S. And china officials are having trouble scheduling actual talks after donald trump keeps more tariffs on the chinese. Chinese have retaliated. Trump says they will move ahead. That news is putting pressure on stocks. The dollar is pretty much flat, a little stronger. A mixed picture of a quarter of a percent. Weaker after Boris Johnson threatened a snap election. Everyone wonders what is going on with brexit . As for crude oil, with Hurricane Dorian having smashed across the bahamas, so much wreckage, heading for florida. People are wondering what is going to happen with oil demand . You have a trade
Standing declines. Airbus orders takeoff leaving boeing by 30 billion to zero. The ceo. Kathleen lets take a quick look at how the u. S. Stocks ended the session. Modest gains. Modest gains better than none at all as trade wars tensions swirl. Across the board for the dow jones industrial, s p 500 up fractionally. 22 points on the dow. Three points on the s p 500. It was the nasdaq that had the best performance, up 6 10 of 1 . It was based largely on the faang stocks. In particular, facebook saying it is getting ready to unveil a cryptocurrency. Investors like that. The s p futures are indicating positive ground to be taken. However not as much as i was an hour ago. As for treasuries, interesting Economic News showing more signs that a trade war is have an impact. Treasuries ended at 2. 09 on the 10 year. Close to the 2 yield. One from the National Association of homebuilders saying it looks like tariffs are weighing on the prices of building materials. We also saw a Manufacturing Inde
Deteriorates. The latest house price data could shift the data. Lets get started with a check on the markets. We are seeing u. S. Futures taking a hit. We have seen china blaming the u. S. For the breakdown of trade negotiations. They threatened to blacklist foreign currency and are investigating fedex. Some of those let decline. We have seen President Trump threatening tariffs on mexico starting june 10. That did not help investment sentiment. The dow was down 1. 4 . The longest losing streak since 2011. We saw a really broad selloff on the markets last week, marking the worst month of the year. It really came through. If everybodyee comes back. Take a look at asian markets. Nikkei futures pointed lower after that close on the u. S. On friday. It is a day where people receive house prices for the month of may. That will factor into australias decisionmaking. Be kospi. Cost despite its exposure to the trade war. Observing the queens birthday. This get a check on first word news with su
Least mitigate the risks when it comes to currencies. We see offshore renminbi at least getting for the first time in three sessions. Hovering around 693 after touching briefly 695. This morning we got strong fixtures so perhaps it is enough to withstand those declines for now. There seeing brent crude, big story today the opec meeting in saudi arabia. We saw almost a consensus that opec members are willing to continue the supply curves and keep supply tight for the rest of the year. We see the likes of brent crude up more than 1 , around 73 at the moment. Aussie rates also key to watch. Fiveyear up about five bits when it comes to your aussie yields. As the market continues to price out a little bit the rba might not have to cut rates as soon as next month. A speech tomorrow could be quite critical on any kind of guidance. We talked about the election fallout, or i guess you could say the tailwinds we are seeing when it comes to the aussie. We talked about the exit polls out of india