Smartphone sales. Details about the beijing security law. Shery this is quite a reversal from the deficit we saw in the previous month. We had seen south koreas current account falling to deficit for the first time in about one year but the numbers have recovered and we are seeing a rebound with our current account surplus topping 2 million. When it comes to goods, the trade surplus coming in at 2. 5 billion for the month of may. This is quite a recovery given that we had really fallen to the lowest level since 2008. Good trade surplus numbers. A much better than expected number out of south korea when it comes to the current account surplus and also the goods trade surplus for the month of may. Lets see how markets are trading at the moment. We are seeing now nikkei futures unchanged. Same for u. S. Futures. This after we had stocks here in new york jumping following the holiday weekend. We had seen five sessions of gains for the u. S. Now unchanged at the moment. The japanese yen Hol
There are concerns over the pace of the recovery, the second wave of infections. Infections rising in 22 states across the u. S. The dow ended the session up 1. 9 . The s p 500 up 1. 3 . The s p futures, under pressure. Oil also falling with the 35 a barrel level. This is after crude posted its first weekly loss since late april. We have, as i mentioned, fears of a second wave of infections affecting the fragile recovery. Investors are awaiting the opecplus joint Technical Committee meeting this week. Lets see how things are shaping up for asian markets. Monday, fragility well. On view as asian stock futures looking mixed after the regional benchmark cap to the first weekly drop in three. Patch,hitting a rough sinking more than 5 in three days. Signaling concerns around a potential recovery across the globe. Value performing decently in a for the month of we are going to find out if Central Banks will add support with rate decisions do including taiwan and indonesia. In japan, after pa
Senior executives started trying to bring him down months before he was first attained. Governmenthong kong admits chinas security rules may not conform to longtime practices, but the Stock Exchange insist things will be better in the long run. I think this certainly creates a clarity and stability for us to move forward. Lets take a look at the monday morning markets. A tepid rebound after we had the biggest route in about 12 weeks on the back of that retailfueled surge we saw in valuations. This is what we are seeing when it comes to s p futures, down about 1 . Chicago nikkei futures also lower. Positive,ures in the still indicating a downside of about. 2 . Then stocks trading at lowest in about two weeks. Kiwi stocks, trading underway. After we heard a contraction when it comes to the Services Industry and a bit of a pullback when it comes to the aussie and kiwi dollars. Risk very tepid across the board. Lets turn to those fears of a second virus wave in beijing. China probing offic
Is slightly better than economists were expecting an better than the previous month. Leasing Property Investment looking better. Fixed assets investments, also a drop of 6. 3 . Aonomists were looking at drop of 6 , but the trend seems to be better than the previous month. I guess it continues to show that this could still be an uneven recovery we are seeing in china. Uneven recovery but a broadening of chinas recovery, as well. We heard new home prices, the most in six months. That is a good sign as the economy reopens. We are seeing how home prices in terms of growth has accelerated. Easing on credit, helping a lot. Just to recap, retail sales, 2. 8 . Retail sales, still contracting, retail sales have collapsed. Consumers are pretty cautious when it comes to coming back to spending. Beijing and other chinese cities are giving up consumption vouchers to its people. They encourage them to spend in the fiscal month of the year. Retail sales slumped 16 nationwide so as long as retail back
France and germany and others remove travel receptions spur tourismu. To and britains nonessential shops opened today as well. Stocks fall on fears of a wave of rhinovirus infection. Over 20 u. S. States see a pickup. Tokyo sees the most cases in over five weeks. Beijing reports another outbreak. Plus, bloomberg learns of an internal plot at nissan to take months beforeown his arrest in japan. The information comes to light and is due to face a trial in tokyo. Just under one hour away from the start of cash equity trading. Lets take a look at how far down futures have fallen, right now looking at 2. 5 drop on the stoxx 50. The benchmark index. Futures down a little bit more than that. Teachersok at u. S. As well. S p 500 emini contracts approaching 3 losses. Nasdaq futures off. What does the gmm look like . Anna ill get to the gmm in just a moment. Pricel giant revising its assumptions and expecting to take a charge in the second quarter. They see a noncash impairment and the write off