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China, the u. S. Rejecting chinas claims to the South China Sea. China than sanctioning u. S. Officials like ted cruz and marco rubio. U. S. Futures are pointing higher. We are also looking at what is going on with the virus as well as states like california reversing its reopening plans. U. S. Tenyear year, bonds up. U. S. Tenyear. We saw the dollar gaining a bit of steam against the yen, but seems like we are reversing some of that. Lets look at the boards and watch were Chinese Markets are going to see any reaction to the trade figures. We saw a bit of a pause in the risk rally when it comes to mainland equities, after we are seeing equities inching toward that 10 trillion milestone. Flip the boards and see what is going on there. Smallcap, those rose to follow five year highs. We have basically been flat the last 30 minutes of trade. Shenzhen stocks have been on fire. H ....
Lets have a look at what has been really driving things here, haslinda. Haslinda the focus this week for markets will be that policy meeting in china. Fed chair Jerome Powell says a new rebound in u. S. Growth depends on the delivery of a vaccine, but he stressed that the economy will recover eventually. This economy will recover. It may take a while. It may take a period of time. It could stretch through the end of next year. We really do not know. Powells remarks follow a warning that and our chief asia correspondent, enda curran, joins us now. Away . S the key take powell saying he is not looking at negative rates. Enda not looking at negative rates, haslinda, but also saying they have some options on the table. The fed has done so much in terms of cutting Interest Rates. And all of the liquidity measures it has taken, they still have the option of doing what the bank of ja ....
As well and have a look at what is going on with these indices. Hong kongs Property Index down. 8 . Homeserage value of new in 70 major cities in china, excluding governmentsubsidized heading, up. 71 in may according to data from the office. That is greater than the increase we saw in april, which was about. 6 and less from what we saw in march as well. Robust april as well. It is not helping these Property Companies which are currently moving to the downside. Have gotll you who we coming up at this hour. We will be speaking to achieve equity strategist and peter hammero will speak to us about the prospects of two therein. Su keenan has the first word news. Su we start with the iran earthquake. , iran says it will breach the 2013 nuclear deal on iranian stockpiles within days ease therope helps pressure. Tehran says it will exceed the caps on lowgrade uranium mergers on j ....
is due to take place between the world s biggest oil producers and their allies collectively known as 0pec+, of which the host uae is a member. against that backdrop, i spoke earlier to david schlosberg, the director of the sydney environment institute, who remains sceptical about the outcome of this year s climate. i think there are two key problems politically, the first is the process by the fossil fuel industry, and the second is the process of all countries on any agreement. so, it means that petro states or those in the fossil fuel industry can object to the language and undermine and wield strong changes. forthis undermine and wield strong changes. for this first or the obvious point for a hosier of the head of a state oil company setting the agenda for a price or which for me is weird. he said it is good to have fossil fuel industry editable but they have always been there. some in the community want to be cautiously optimistic, i think i m just cautious, i wo ....
Rishaad we are looking at Southeast Asian banks. A very competitive market out there. We have new entries to make it even more competitive. Have a look at this. This is a bloomberg chart. As jack ma changing lines of partnerships around the world. 450 Million People have limited access to Banking Services and, buying vying for core customers. We have seen how sales at alibaba have been going up exponentially. This will go up with other internet superstars out of china getting into the action. Absolutely. We are always still watching for that potential ipo, that crown jewel of alibaba. Look at the numbers compared to amazon prime day, we are expecting somewhere south of one billion. 18aw sales of almost billion last year for alibabas day. We are around 30 minutes from the open in hong kong and china. Janet yellens test ....