Wave. S fears of a second the u. S. Seeing 16,000 cases a day. Hong kong in the third wave right now. All youll futures elevated. You are seeing a risk off move today. Focus on the chinese story. We are seeing a down day even when it comes to chinese stocks. We will see how this plays out. Lower by 6 10 of 1 for the shanghai composite. Asia had their best Weekly Performance in five years. The csi 300 large caps, ada percent of the index has been overbought. Thats the highest on record. We are seeing profittaking here today. Shenzhen, more of that robustness. The most overbought on record. That is still going higher by 1 today. It seems like the bond market is at mercy with this rally as well. Bonds at 306 right now. Yields falling. Bnp paribas saying that 10 year yield could rise to 3. 4 . We are watching other markets as well. Hong kong is a focus today. We saw a Record Number of local virus cases, the most since the pandemic began. They tightened distancing rose again. 150 points low
Million. America saw 60,000 cases in a day for the first time. Hong kong and tokyo also reporting record tallies. Singapore heads to the polls for an election overshadowed by the pandemic. Disposable wear gloves and observe distancing roles at the ballot box. Lets get to Sophie Kamaruddin in hong kong for the latest. Sophie after u. S. Stocks closed in the red, we are setting up for a lackluster start to this friday morning. Futures are mixed. Kiwi stocks added. 4 so far this morning. S p eminis nudging slightly higher with rising virus infections in focus in the u. S. As well as in asia and on the ecoagenda today, we are watching out for japanese pbi ending acree output and the philippine trade plus chinese credit growth data for june could be released from today. Singapore offline for the elections to be held. Asian stocks could pare the weekly advance but still set for the best five day stretch given the chinese stock rally we saw this week. Flipping the board, china futures have se
Bond market in the u. S. , as well as in europe, particularly in germany. Time now for global exchange. We are going to bring you todays market moving news from all around the world, from hong , newto tokyo, to milan york and d. C. Chinese officials are casting doubt on a longterm trade agreement. Running the is enda curran. What did we learn overnight . Of just is a reminder how far both sides have to go before we reach any type of deeper, comprehensive trade agreement. The signals from beijing that our colleagues reported today are that china will want to see the u. S. Move on tariffs, to roll back tariffs and take away the threat of new tariffs. China has its own red lines around industrial and economic strategy, and theres a question of durability. Chinese officials are unsure how committed President Trump will be to any trade agreement. The signals seem to be that we are on track for some type of interim agreement, but the Bigger Picture hasnt changed. Both sides are dug in. Alix
There were culture industry, there were Culture Committee hearing is 4 hours. If we cant. Is an here . I guess whichever. The meeting will come to order. Ladies and gentlemen, we are at a very historic moment for our nation. Who would have thought of it even as soon as just a few years ago that we would have this golden opportunity to provide electricity that would motor our vehicles but was bringing on some serious questions and serious issues so that we know what it will take to make sure people in this country are well aware and will be able to take advantage and enjoy this movement, this Great Movement we are making to transition from petroleum to electricity. I want to welcome everyone to this hearing especially our witnesses because we are looking to you to tell us what this means. What does it mean for jobs . What is the impact that this will have in Rural America if we do not move and make sure those in Rural America can enjoy and be productive from the move we are making. Im s
There were culture industry, there were Culture Committee hearing is 4 hours. If we cant. Is an here . I guess whichever. The meeting will come to order. Ladies and gentlemen, we are at a very historic moment for our nation. Who would have thought of it even as soon as just a few years ago that we would have this golden opportunity to provide electricity that would motor our vehicles but was bringing on some serious questions and serious issues so that we know what it will take to make sure people in this country are well aware and will be able to take advantage and enjoy this movement, this Great Movement we are making to transition from petroleum to electricity. I want to welcome everyone to this hearing especially our witnesses because we are looking to you to tell us what this means. What does it mean for jobs . What is the impact that this will have in Rural America if we do not move and make sure those in Rural America can enjoy and be productive from the move we are making. Im s