In the last 10 days. The u. S. And china trade new barbs. Washington rejects chinas claim to the South China Sea. Top u. S. Senators are facing mainland sanctions. Haidi u. S. China sentiments dominating again with the grim overlay of rolling back restrictions around the world. This is how we are shaping up when it comes to u. S. Futures contracts, up by. 2 after what was a truly volatile session. We had the s p 500 touching levels prepandemic and we also have the nasdaq hitting a fresh record before finishing in the red and we spoke about tesla being a huge part of that tech eventual close lower. Nikkei futures up by. 2 percent. Sydney futures escalating in the red, point 8 lower, looking like a set up of. 5 lower, this as we are expecting an announcement today that the fed of New South Wales will ease back those restrictions when it comes to indoor gatherings at pubs after cases coming from the pubs. It is now over 20. New zealand trading modestly higher, about. 25 . Some significant
Good spirits. This hour brings earnings for samsung. A crucial report amid the virus disruption will show how the chip industry is weathering the global storm. Shery lets start you with breaking news out of south korea. We are getting become your current account balance. Right now, the surplus coming in at 6. 41 billion. Also for the goods trade surplus ining in at 6. 58 billion february. Both numbers are a significant rebound from the plunge that we saw in january when it hit the lowest level in seven years. Exports have been stabilizing after that hit from global trade spats and the double chip industries downturn. For the month of february, we are seeing an update and a rebound with a current account surplus at 6. 4 billion. The goods surplus at 6. 6 billion in february but of course we are headed to seymour economic fallout from the coronavirus outlet, so we will keep an eye on those trade figures out of south korea. For now, lets get you a quick check on markets. He restocks at th
As reports come in from norway and sweden. That youre a 2020 has been and were awaiting confirmation from you way. So there are restrictions being imposed in many countries around the world and they are getting a whole lot more extreme this tuesday as the world tries to curb the spread of coronavirus malaysia 1st of all rolling out some of the most drastic rules at midnight tuesday malaysians will not be allowed to leave for 2 weeks the borders being sealed and of course it is led to this sort of panic buying and not just in malaysia as well in singapore next door in iran will have closed off access to keep religious shrines and also releasing temporarily least about 85000. 00 prisoners much of europe is going into lockdown in the past few hours from sealed its borders. Now reporting around 2000 new cases which bring its total number of infections to more than 11000. 00 so developments across the board weve got Natasha Butler in france to catch up with developments there but were start
A member of the association of Southeast Asian nations or a group of countries in the in the region that have teamed up to promote Economic Growth the deal aims to eliminate most arrows within the next 5 years sections of some fisheries and Farm Products trade in goods alone between the e. U. And singapore amounts to 53000000000. 00 euros a year its hoped the agreement will result in a rise of up to 10 percent in trade the e. U. s already singapores most important export destination for Services Singapore is one of the e. U. s latest largest trading partners in South East Asia now lets take a closer look at the matter with kevin haydn hes with the association of german chambres of industry and commerce and joins us in the studio now kevin this is the 1st race of the u. S. Planes with member why Singapore Singapore is a very small country if you look at the size of the population but in trade for whom its pretty significant for German Companies its roughly 15000000000. 00 euros that we
Bilateral deal is operational the partners will begin to phase out trade. Its the e. U. s 1st trade agreement with a member of the association of Southeast Asian nations or group of countries in the in the region that have teamed up to promote Economic Growth the deal aims to eliminate most arrows within the next 5 years sections of some fisheries and Farm Products bilateral trade in goods alone between the us singapore amounts to 53000000000. 00 euros a year its hoped the agreement will result in a rise of up to 10 percent in trade the e. U. Is already singapores most important export destination for Services Singapore is one of the e. U. s latest largest trading partners in South East Asia now lets take a closer look at the matter with kevin haydn of irish hes with the association of german jumbos of industry and commerce and joins us in the studio now kevin this is the 1st race of the u. S. Planes with member why Singapore Singapore is a very small country if you look at the size of