To break trump has yet the stimulus long gem. Softbank backs the virus handed record losses in may at a drop of the value, some may change with earnings later. Lets get a quick check of how the markets are trading. We are seeing u. S. Futures under a little bit of pressure, down 1 10 of 1 . We have President Trumps executive actions on stimulus measures boosting sentiment. That weighed in indices. The s p 500 saw the highest close in sixmonth in the longest winning streak since 2017. Aska futures at the moment japan comes back from mountain day holiday. I mentioned softbank earnings coming back later. The japanese yen Holding Around the weakest in more than two weeks. The bloomberg dollar index unchanged at the moment. This after it touched a oneweek high. Watch out for some data this morning. We are getting south koreas 10 day trade data. We are getting japan numbers, not to mention singapores final gdp numbers. Crude headed towards 42 a barrel after gaining the most in a week after s
A survey. And the lebanese government overns amid public outcry last weeks explosion, threatening the debt restructuring deal. It has just gone 6 00 a. M. In london, 9 00 a. M. In dubai. A good day to you. Dipping into negative territory. On a more serious note, trump talking about the possibility of unilateral Capital Gains tax cuts is the equity story and ignores the beijing bustle or hustle. Reports from china against the u. S. , but i love this story because i remember the iraq war. The seven deadly unknowns that drive the dollar lower, and talking about complacency, we are complacently complacent at heart, too optimistic about the vaccine, too optimistic about the u. S. Good morning. How are you . Good morning, and i do think this is interesting. We saw the dollar higher, and i felt there were two different attitudes. Some said it was risk off because of the escalating tension and the u. S. Moves on chinese companies, but you could say, hang on, it is a risk on day, because of the
Which saw the brunt of the fallout. Billion but in60 the positive this tuesday morning. And now performer coming up by 1. 2 at a 52week high. Samsung among gainers. Numbers we sawp today, 42. 9 declines, a long road to recovery for the singapore economy. Malaysia up 0. 2 . Look at where we are in terms of the dollar, showing a little strength today, up for a third day. Forging rising risks holding the dollar with the november elections approaching quickly. Down 0. 4 , still close to a record last week. Good to see the tencent recovery, but not close to making up for all the losses we saw the last two sessions. Our top story with the u. S. Tensions and china retaliating with sanctions on u. S. Officials. And ahead of those trade discussions. We did a phase one deal, it was a wonderful deal. All of a sudden it means very little, that will never pay the loss of life in our country and around the world. We view china differently than we did eight months ago. Yvonne looking at china differe
People that have lost their jobs since march, it does not take into account the huge sways of selfemployed people in the u. K. There are many people that are away from work and not being paid, not included in these statistics. The expectation is that these numbers get significantly worse. The pressure is on the chancellor to do something to extend the current solo scheme. Single conversation point yesterday across bloomberg surveillance was mark zandi of moodys, forcefully saying the Unemployment Rate in america is not 10 , he said it is in the vicinity of 14 . With news on this tuesday, our first word news, here is ritika gupta. Ritika President Trump says he is seriously considering a Capital Gains tax cut. He told reporters he would create a lot more jobs. The president cannot cut taxes on his own, but some advisors say he could issue an executive for a Purchase Price the Administration May travelers prevent from returning to the u. S. If it of if they have coronavirus. Federal agen
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. Hang seng down 184 points right now. Also with the city introducing the toughest virus measures since the pandemic