People dead. Apple is reClosing Stores and pepsi is shutting a food plant in beijing. The reserve bank of australia shifting its yield curve policy into Cruise Control, saying it is functioning better now than when the qe program began. Shery u. S. Futures under pressure. We are seeing it down. 6 . This after u. S. Stocks dropped the most in more than a week. Stocks are feeding on the record levels fading on the record levels of coronavirus in florida. Industrials and energy leading. The weekeek ended in the green for u. S. Stocks. China will accelerate purchases of u. S. Farm products. It was a slightly in the green sixth session of gains. Oil is under pressure heading towards the 39 a barrel, after it at one point surpassed four dollars a barrel. 40 a barrel. Theres optimism we could see global fuel demand and we had more reassurance from the opecplus groupon output cuts last week. Group on output cuts last week. Haidi china has confirmed its new National Security law will override h
On in hong kong with china over the weekend saying the security law could override hong kongs legal system. We she we see shares on the hang seng. 23,469 for the hang seng. The csi 300 pointing positive. Showing the resilience across these benchmarks. The kospi as well, we did get those export numbers. A slump easing a bit. Not very encouraging when it comes to exports of chips. Only a gain of 2. 6 . We saw a 13 advance in may. Perhaps this recovery is in an early nascent sense. The p cop, lowered by 910s of 12 . A decision coming through bank of centro and the rbnz later this week. Later on when it comes to assets, the disappointment has been with the china lpr, which they did not do anything. Given the credit numbers we have gotten, perhaps it was reason to pause. The selloff in bonds, are we going to continue to see that change . Ozzie yen, you are seeing a perk up aussie again, you are seeing a perk up. The dollar is rising for a fifth day. We have seen some flareups in australia.
Across the americas. Texasa sees a record as says covid19 is spreading at unacceptable rates. The u. S. Raises the pressure on Chinese Media organizations, foreigning four more as missions and calling them nothing more than began to outlets. Shery lets get you started. We are seeing u. S. Futures kicking off trading flat at the moment after u. S. Stocks rose. A pretty choppy morning session but technology did manage to lead the advanced. The nasdaq composite rising to a record high, seventh consecutive session of days. The longest winning streak since december. We did get some negative sentiment on rising coronavirus cases in dozen states. The s p 500 did lag this gain across the board. Some sectors like financial and health care under pressure as investors weigh the Economic Impact of a second wave. Take a look at what oil is doing at the moment. Wti right now falling towards the 40 a barrel after finishing at the three month high. We have some demand optimism as states have moved tow
Here as well. Looking at continental europe, spain and france are two countries the hardest hit by the coronavirus along with italy. They are set to ease lockdowns. We have Pedro Sanchez expecting to announce the loosening of measures after the weekly Cabinet Meeting which takes place later today. Later today also, france will be presenting the governments blueprint to the National Assembly on tuesday afternoon, and that should outline how they plan to ease peoples confinement as well. Is the original epicenter of the outbreak on the continent that will soon allow people to leave their homes for the first time in weeks, and that should mean they will be joining other countries including the likes of germany and austria in relaxing of shops to array open up including tattoo studios. In the u. K. , Boris Johnson saying the British Public should keep on obeying lockdown rules to avoid a disasters second wave of this outbreak here as well, coming as the number of recorded deaths from coron
Is a warning to the entire industry. More planes into a collapsed market. Shery lets get started with a quick check of how markets ended in the u. S. U. S. Futures right now seeing some downside, down 2 10 of 1 at the moment. This after u. S. Stocks closed at a six week high. We have financials leading the gains. Surprisingly good earnings reports coming from Deutsche Bank which is helping sentiment. We have more positive sentiment and perhaps some expectation there could be more stimulus aasures given that we have trio of Major Central Bank decisions this week. 25 s p 500 up more than from its march lows. When it comes to the nasdaq, also gaining ground, about more than 1 for the regular session. Take a look at what oil is doing because we are seeing some upside for wti which is gaining about 1 . Backafter oil plunged below 12 a barrel. We are now seeing it just nearing 32 a barrel. We did get u. S. Drilling cuts but at the same time come we have the biggest oil etf in the u. S. , say