Attention to the virus to aid in war against the pandemic, live tomorrow morning for special interview you dont want to miss. Do stay with us for that. This morning pointing to higher opening. Take a look at future, up better 250 points on dow industrials, s p is up 29 and nasdaq higher by 116 this morning, this after the dow, nasdaq, s p ended down last week. As you can see better in the dow and s p. Google parent alphabet, microsoft, facebook, amazon, Technology Names reporting earnings this week and at the end exxon reporting numbers. Holding china responsible. Senator tom cotton telling me the coronavirus escaping its borders was a deliberate attack by the chinese and calling for action against the Chinese Communist party. Plus questions rolling with the health of north Korean Leader kim jong un as he remains unseen. Mornings with maria begins right now. Global markets this morning are rallying, take a look at europe indices, ftse 100 up 95 points, cac quarante in paris is up 86 an
Today. We are seeing crude fall 13 when it comes to w. T. E and the phillipines, that is one of the weaker side. But when it comes to the june ontracts, down 4 to 19 bucks. Look at what it comes to w. G. E . We are hovering around the 11 mark when it comes to new york crude, down 13. 6 . We mentioned about the United States oil fund, the largest oil fund in the world selling off e and ingsings in w. G. Unexpected move. Lets get more analysis with jp morgan asia yeah strategist. Is this starting to hurt the equity market . I think the moves that we are seeing in the oil complex is very, very specific. And looking across massive impacts doesnt i think the easiest thing to see the forward looking long data futures on Oil Prices Remains rather stable and it is not assuring. And the weakness we are seeing the new york futures is specific to the supply and storage they are seeing. I wouldnt put too much into that will market at this point. Interesting you say that, there is a divergence and
Increasing pessimism about growth. More ceos than ever see a slowdown. Sophie chinas mystery virus is spreading through persontoperson contact. Hubs stepping up passenger screening. Lets turn to selina wang in beijing with australian markets coming online. Selina we did see australian markets red hot. We are now starting to see them drift slightly lower, marginally except for the new zealand up. 2 after gaining 3 since the start of this year. We did yesterday see the equities hit record highs when it comes index price and private equity valuations. So, that would be enough to ring bells in normal times but our strategists say that macro backdrop in australia is dire enough to call this rally into question when you consider the massive wildfires that are damaging their economy. With increasing focused on environmentally sustainable investing, that rally is potentially at risk. I want to check on that a little bit more with this next chart. Thelook at that rally in context of the u. S. C
Illegally monopolised markets across the live Concert Industry in the United States for too long. Live nation denies that it is a monopoly and says a breakup would not mean lower Ticket Prices or fees for fans. For more on the story head over to our website where we have more analysis on the story. Tesla boss elon musk has spoken out about the biden administrations tariffs on chinese electric vehicles. Musk says he is not in favour of the measures as they will distort an already competitive market. The tariffs take effect on august one. We are keeping a close eye on the unrest in New Caledonia. The french president Emmanuel Macron has wrapped up his 24 hour visit the territory. He pledged not to force through a controversial voting reform in the territory after weeks of deadly rioting. New caledonia is also the worlds one of the worlds leading producers of nickel and accounts for 6 of global supply. Recent disruption sent nickel prices to a nine month high. I spoke to a principal analy
Order to provide ukraine with a loan of about 50 billion dollars, that is, it is not about the 3 billion dollars agreed today in the eu, not about the 300 billion that ukraine says, but about a loan of 50 billion dollars. Lets hear what burbok had to say. On at the european level, we have a common position regarding revenues from russian assets, they must be used for. Defense of ukraine. Moreover, the americans have come forward with a proposal to expand it, and we are now studying it from a legal point of view. Germanys position is that we will not take the big step of confiscating all assets, because we think that would expose it to critical danger, many other things. Now the us treasury secretary, janet yehlan, is wondering if she can convince allies to go ahead and hand over ukraine has more funds from these assets. Yes, julia, it is the use of russian assets for the benefit of ukraine that is the main topic that yelen plans to discuss with his g7 partners. The group of seven finan