Trading session in the u. S. Overnight. Hang seng will be the focus, down 121 point. Another choppy session after quite a comeback yesterday. Jakarta is muted right now. News they will be easing lockdowns in the capital despite the rising cases. Sydney leading the losses, down 1. 2 . Three in a row that have been strong, perhaps the pboc sending a message they will not use currency as a weapon. Onshore strengthened the most. Dollaryen, you are seeing that haven trade come back. As you said, the main market event over the next 24 hours is this presser by President Trump, he will announce u. S. Policy on china curbingijing passed freedoms in hong kong. His top advisers said china will be held accountable by the of ministration. Is it Wishful Thinking in the u. S. Administration to think maybe they can change chinas behavior and plans for hong kong . I think nothing is impossible, but this does seem extremely unlikely. If you look at all the actions beijing has taken, it is clear there ha
Barrier. Softbank is said to be planning deep cuts at the vision fund which could affect 10 global staff, souring bets on tech are takingke their toll. Haidi a mixed start to a politically driven status when it comes to the markets today as we get that precedent being set with that security bill as well as greater considerations over what kind of reopening and second wave issues we are seeing across the rest of the regions. We are seeing new zealand markets starting off the day with tepid gains. The session looks a little bit more muted for the rest of asia. We are seeing japanese futures as well as Australian Futures pointed a little bit higher. Those in hong kong seeing retreats. The npc is being i to be passing the Hong Kong Security eyed to be passing that Hong Kong Security bill. The u. S. Sees 100,000 deaths. We are watching the oil story, seeing whether this pause in the rally will continue given concerns about renewed production out of the likes of russia. Shery to our top stor
This is a boom bust the one business show you cant afford to miss im fair montecito in washington coming up markets are mixed as a result of escalating u. S. Trying to tension after beijing proposed new National Security restrictions on hong kong and to fight nearly every sector being hit by the pandemic the Defense Industry thrives after being deemed essential we have a packed show today so lets go and dive right at. The Global Economy is on its way to a long lasting global recession and its latest Global Financial stability report the International Monetary fund said the bank sector will struggle to general. Profits through 2025 and White House Health adviser Dr Anthony Fauci told the n. B. C. Prolonged lockdowns could end up causing reparable damage while still warning that states over relaxing social distance restrictions too quickly well new Coronavirus Infections 3rd in latin america the region surpassed the u. S. And europe with the largest number of new cases in just one day an
The Global Economy is on its way to a long lasting global recession and its latest Global Financial stability report the International Monetary fund said the bank sector will struggle to generate profits through 2025 and White House Health adviser Dr Anthony Fauci told the n. B. C. Prolonged lockdowns could end up causing reparable damage while still warning that states over relaxing social distance restrictions too quickly well new Coronavirus Infection surged in latin america the region surpassed the u. S. And europe with the largest number of new cases in just one day and mexico are also contributing to those high numbers Mexican Health authorities reported a daily record spike of more than 2100 73. 00 infections on thursday alone while argentina pushed its critical deadline for its 65000000000. 00 debt latin americas 3rd largest economy agreed to continue talks with their creditors through june so. And in a rare move china dropped its g. D. P. Target for 2020 the worlds 2nd largest
Crude posting its longest winning streak in a year. Opec cuts may be draining the blood. And top fed officials weigh in on negative rates, saying such a move is not on the agenda for the foreseeable future. Shery lets get to a quick check of the markets. We are seeing u. S. Futures holding steady, after we saw the s p 500 fall on rising u. S. China tensions that we saw in the regular session. The s p 500 fell eight tense of 1 . Technology and utility also leading the losses. We have heard from china responding to act as asians from President Trump warning that responding to comments from President Trump warning that nasdaq sides biggest composite fall in more than a week. We also have some abysmal Economic Data. Millions of americans claiming jobless benefits. We are seeing wti under pressure, but still above the 33 a barrel level. This after sessions of gains. We are talking about the longest winning streak in more than a year. Haidi and really that crude story may be a bright spot as