Futures and negative territory for the first time on record. Air travel is floundering with carriers slashing services and grounding planes. Richard branson says the virgin operation may not survive. Today was big story the crash in oil prices. We have the wti futures settling at 37. 63 per barrel. You are taking a look at june futures at the moment. This of course still at a volatile level, but the real question being is will it suffer the same fate . Today, we saw the technical auditing exacerbating the price plunge away from the may futures contract ahead of the Energy Companies running out of place to store oil. U. S. Futures jumping 3 10 of 1 after they pulled back from a six week high. Quibi stocks under pressure. Jim. Ng us now is what was interesting in todays session was it a virgins we saw in the market. We had the price of oil collapse but at the same time, really not a lot of movement when it comes to the u. S. Stock market for the treasury market. Why are we seeing such di
U. S. Trading after west texas futures end in negative territory for the first time ever. Ups sees some light at the end of the virus tunnel. The ceo tells us ecommerce is almost thriving compared to traditional sectors. Lets take a look at the oil lets get to sophie kamaruddin, who is taking a look at highlights for us in hong kong. Sophie the relative resiliency of the markets we have seen of late have brought several benchmarks in the region of asia into bull market territory. That will be tested in the face of this oil rout. Futures. Eing mixed nikkei futures in chicago while kiwi stocks are extending mondays drop. Lets switch up the board to check in on signaling perhaps the recent optimism and equities may be unwarranted and this money, gold resuming losses but still closer to its high of the year than it slows that were hit in february and treasury futures are now unchanged after we saw the u. S. 10 year yield with alltime lows on monday and the dollar little changed as well wit
U. S. And asian headquarters. Im Ramy Inocencio. Haidi im haidi lun its tough to focus on anything else. We are just a couple hours away from the second president ial debate in what has been a remarkable weekend. Ramy thats right. In the past 48 hours, everyone from the political side of things to the financial side has been watching to see what will be happening at the debate tonight, as well as how it may have ramifications on the market. Right, given that we have these republican defectors coming through, this added uncertainty and it comes to the election. Take a look at how asian markets are reacting. Trading is underway in new zealand, down by. 3 . A little bit of movement and the kiwi dollar. The aussie markers are just opening up to trading, premuch flat, indicating to the up. Well take a look at what we are seeing when it comes to japan, going ahead to the open in tokyo. This is how we ended things, with japanese markets closed today for the Public Holiday. But we do have the
It is Tuesday Morning for us. We have equities climbing point 2 despite imports and exports from china weaker than expected. Ba minuteswe get her from the february meeting out ahead today. We will see how they are dealing with market volatility. In new zealand, a gains of. 33 higher. And we are counting down to the opens in japan and korea. Will today be a day like yesterday . It was a whopper of a take climbing more than 7 higher. That helped lead asian markets to the best rally in seven years. Futures in chicago pointing to a lower open this morning. This is likely why. We have a stronger yen. The relief rally that swept through asian markets really did carry through the european session with growing hope that the ecb will expand the malus. We have expand stimulus. Mario draghi taking credit for the change in sentiment. We have been talking about the limits of the federal banks ability to keep the stability and growth in the Financial Markets. We are seeing what happened when the dha
The worst of the slowdown in china may be over, and david inglis is looking at this. Pickup, 50. 8. A it was not a big surprise, because if you look at the range of forecasts from economists, pretty much everyone was expecting we would still see expansion. As high as 51. 5, so i guess you could argue that it is more in line with expectations. This is really a survey, at least for this particular one. A series of questions. How many optimists are there, compared to pessimist . A number above 50 indicates that people are perhaps a little bit more bullish on their own business, so that is what we have for the large enterprises. If you look at the medium sort of companies, mediumsized companies, because that is a critical area right now, we saw a big improvement here. 50. 3 in april, 51. 4, which suggests that some of these measures that beijing put in place over the past several have filtered over. That said, you look at the smallest firms, it is more difficult for these firms, 48 point e