Deaths rise above 700,000. Double if theld pandemic is not stopped. And tiktok continues to make news. Microsoft may now be into its worldwide operations, while facebook continues to push a homegrown u. S. Rival. Shery we are seeing u. S. Futures coming online flat at the moment, after stocks climbed in the regular session. We had some optimism over a potential stimulus package, but investors are cautious. The s p 500 gained for a fifth consecutive session. Communication and tech stocks led the gains. Apple reached a record. We did get a lift for stock markets in the afternoon after President Trump said he could act unilaterally on some stimulus measures. We also have positive initial jobless claims numbers. Lowestll to the since the pandemic began. There will probably be a slowdown given the rise in infections recently. Take a look at how oil is doing, just under the 42 a barrel level. In new york, it fell for the first time in about a week after wavering between gains and losses thro
U. K. s chief negotiator rejects a proposal to avoid a no deal. Him ask exclusively with he plans to shore up recovery. A lot of things for markets to grapple with. We have concerns about the record cases in the u. S. A number of states, not just texas, pausing on reopening. The initial jobless claims causing some concerns. Could we see layoffs coming through, even with the reopening . We look ahead to Consumer Spending data in the u. S. , and the news flow yesterday and overnight. On the one hand, given one hand to the banks volcker rule, and dividends. We did see the s p 500 yesterday. Chinese markets are closed. We do see a risk on trade in equities. In terms of her features are positioned, muted, up to 10th of 1 . 1 2 10 of 1 . The bloomberg other index is pretty much unchanged. The 10 year yield is study. For oil is study. For is steady. , its beenor oil tempered with a sharp drop in export plants. It is headed for its highest weekly decline since april. Wall street lenders will s
The s p thought biggest rise in two weeks. Saw its biggest rise in two weeks. Korea may send troops to the dmz. Seoul remains on high alert. Shery lets get a quick check of markets. U. S. Futures under pressure. We have the s p 500 rising the most in more than a week. We had seen optimism over the u. S. Economy really offsetting any can turns over a second wave of virus infections. Nikki futures unchanged at the moment. We are waiting japans may trade data. The deficit likely narrowed. We had the boj increasing at support for corporate financing yesterday. Futures up 0. 6 . This after the best day in over two months. Yesterday, we did get the rba june Meeting Minutes with more concerns that the economy is likely to need policy support. Gaining. At the moment stocks reversing five sessions. Do watch out for new Zealand First quarter gdp numbers out later this week. Lines getting some across the terminal from jd. Com at of its trading debut in hong kong as the ecommerce player saying tha
For the first time in three months. It has just gone 6 00 a. M. In london, 7 00 a. M. In paris, 9 00 a. M. In dubai. Who do you believe . Larry says there will be a 20 upsurge in the United States going into the second half of the year. Morgan stanley says we will have a short, sharp recession. A vshaped recovery on the way . It is reminiscent of the great brexit bubble that many people wrote about but never lived. Our next guest talks about risk on, risk off. We will talk about the markets in a moment. Did you have a good weekend . Nejra i did. We can go out shopping again to nonessential shops in the u. K. I personally will not be rushing out. Last week was definitely gay risk off week. Was definitely a risk off week. Andrew shaw thinks that investors should position as such, that stocks and credit will be marginally higher and tighter. Looking at cyclical and value stocks. Wells fargo and ing are among those also seeing the selloff as temporary. Read on the screen in asian equities.
Dismal jobs reports. Unemployment to soar to 20 . They broke the streak this as things actually calm down on the protest front. Walk us through the ups and downs. It was a volatile day. As to the move down breaking that fourday winning streak for nasdaq. Nd florida coronavirus numbers came out and higher than the sevenday average and the s p never recovering. Teches have it worse. Nasdaq 100 yesterday had flirted with a recordclosing high. Today, nasdaq had been above that level but not able to close so close. Stay at home weakness and the bioteches and seeing that rotation in the cyclicals. The big question is because these stocks are weighting for the averages, is there more pain especially after a big runup and stocks shouldnt be so high . Overextended conditions, quite frankly. Emily there is uncertainty and there are results withdrawing and slack is a company that we considered a pandemic winner because so many people are slacking as they work from home. And going public and spiki