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
Good morning and welcome to the show im dominic chu. We begin this morning with breaking news and a possible turn around tuesday after stocks pulled back following the historic rally futures pointing to some gains the dow would open up higher by 286. Nasdaq higher by 106 points if these futures would hold at opening bell watching the dow futures, you can see it has been relatively steady but weve lost a little momentum we currently sit at the lows still the dow higher by some 42 odd appointments checking the bond market, we are seeing a Little Movement 2year yields down lets now go worldwide matt is in singapore and Julianna Tatelbaum in london a couple of other markets in asia back on line as well, today including australia and new zealand. It was a particularly positive session on the backs of stronger than expected data out of china a look at both of shanghai and hong kong markets after much trade data eclipsed expectations exports falling by 6. 6 much smaller than expected. Imports
Across the countntry a and pose Serious Health and economic threat. An Emergency Declaration would allow governors to order School Closures and ask people to stay home. The law would also enable governors to use land or buildings for emergency medical facilities without the owners consent. Japans top Government Spokesperson says an Emergency Declaration could have a grave impact on peoples lives. Translator the Emergency Declaration will require a careful decision based on expert knowledge from various fields and will take into account the opinions raised in the diet. Some lawmakers expressed concerns over how an Emergency Declaration would affect the individual rights and privileges of citizens. Others said the government would have the responsibility to explain its actions if it decides to declare a state of emergency. The International Olympic Committee Says it will leave it up to the World Health Organization to decide the fate of the summers Tokyo Olympics. Ioc president thomas ba
What is described in the west as a russian invasion of crimea is a fact the presence of russian soldiers in crimea can you clarify that. They could do would have believed according to quote but the most of the moscow float of could and. As long ago as 1804 sevastopol is a naval base became the main military port of the russian empire on the black sea. During the 2nd world war the heroic defense of sevastopol lasted almost a year and took hundreds of thousands of lives. Therefore the naval base in crimea has a legacy of historical pride for the Russian Black Sea fleet as well as being of huge strategic importance. Those of us alive back then remember when there were soviet missiles put into cuba how frightened americans were and how angry and how we almost went to a Nuclear Confrontation over having weapons of that kind of destruction placed that close to the United States. Just so if the United States considers cuba to be in its backyard. Then crimea lays at russias doorstep. The conse
Back of that data. Refinery utilization was positive by 1. 4 . The market was looking for that to go into the negative by 0. 5 . Crude Oil Inventories rising by 415,000 barrels only last week. Gasoline inventories was a drawdown of nearly 2 million barrels. Lets check u. S. Markets more broadly. The major indices are really unchanged, but we have a few major movers, including viacom cbs, which disappointed in its First Quarter as a combined company. Investors are really punishing that stock. Guy a bit of breaking news, the unicredit boss looks like he is emerging as a potential hsbc ceo to get the job. Remember, noel quinn currently yethe interim ceo at hsbc, the interim ceo putting out a is involvingk that deep changes in the way hsbc runs its business and potentially a retrenchment back to the middle east and into asia in particular. He thousand jobs potentially going even further down the road. There were Big Questions as to whether or not noel quinn would ultimately be the person t