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Markets in the weeks ahead. Still pumping more oil into the market from saudi arabia. It comes to the coronavirus story that continues to dominate, President Trump says the u. S. Should be prepared for a painful couple of weeks. Infection rates continue to rise in the u. S. We are hopefully seeing some stabilization in countries like spain and italy. Overall, the global infection rate has passed 800,000. Yvonne. Avon the ecb scrapping european banks. Thats what is weighing on the hang seng. Earnings coming through, really a key indicator in the next couple of weeks. Autos reacting negatively. Down six. 5 . The pboc should impact further cash injections and local authorities should issue more infrastructure bonds. Supporting the economy amid the worsening coronavirus pandemic. Selina wang joining us now from beijing. How significant is this . How should we read into that yvonne that . Selina those pmi numbers coming in better than ....
Great decision rate decisions this week. And gun control on the u. S. Agenda after shootings leaving 30 dead in texas and ohio. Lets get you started with a quick check of market close. It was another day of risk off, not just a day but a week of risk off. We have not seen such losses this whole year. In fact we have not seen such massive selloff since december 2018, before the fed did a uturn and turned dovish grid we have taken Energy Leading the declines, the dow at the lowest level in six weeks, the nasdaq losing a percent or we have the lingering impact of new tariffs on chinese goods imposed by President Trump. We had decent jobs numbers but thel 10year yield around lowest since 2016 as there are more rate cuts factored in. U. S. Futures down. 2 . Lets see how we are setting up in asia. Given that context it wont surprise anyone to see we are looking at a down day in ne ....
Trade war. With have gone protests hong kongs legislature over the bill and trump raising rhetoric on tariffs. At least gdp with fewer options if he does not meet with them, perhaps more tariffs according to present trump and if the case as well, he risks losing credibility and china as well. Kongop story today is hong where protesters are gathering this morning. Severalheard of thousands of people out there this morning, thoughts of boycotts and strikes as well. Give us a flavor of what is happening. Pretty charged atmosphere. Or the trees, you can see protesters have flooded out and in the one of the main part of hong kong and police have not enabled to push them occupiedit feels like territory that happened five years ago. People thought the failure of the on brother revolution, but the spirit of opposition has been crushed with at least 240,000 people out on the street. As one milliony here. The beginning of 66 hours, a bill that has concerned so many a firehere, leading to were be ....