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Geopolitical risks add to headwinds for investors. Oul says north korea must bear all consequences for its actions. Indian defense stocks gain on tension with china. The turnaround when i was sitting in this chair yesterday that we saw in u. S. Futures, the biggest since 2016, we saw a lot of green on the screen fueled by stimulus from the fed on corporate bonds, but also in terms of fiscal stimulus. Today is a different picture. The second wave has become front and center a little bit more again. Investors try to see where to go next. In terms of the equity rally, a mixed picture in asia. The Msci Asia Pacific index is flat. U. S. Futures edging into the red along with european futures. The 10 year yield missing a couple of basis points. Fx, you are not seeing a lot of moves either way for the dollar. G10, you are seeing underperformance of Commodity Currencies, als ....
Good morning, everyone. This is bloomberg surveillance. I am francine la am francine lan london. We have to get to the news for not only eg markets but corporate rates announcing changes, also something that may help with the sickness when it comes to covid19. U. S. Equity futures also higher. Are looking ats coronavirus cases and focusing on monetary stimulus as well. One thing i want to show you is thatorth korean yuan, currency is no longer trading, but we did see a lot of withility this morning, crude oil mapping gains. We will have look at the markets, but first, lets get to the bloomberg first word news in london with dani burger. Hi, danani burger. Hi, dani. Dani good morning, francine. The u. S. Economy has a way to go, according to chairman jay powell. The economy is likely to see a period of significant improvement, but it will probably leave the labor market well short of levels seen before the pandemic. Chair powell the first days of the shutdown, and we have seen what that ....
Francine second wave fears. Beijing cancels flights and orders schools to close as coronavirus cases in the Chinese Capital rise. Florida and brazil report record new infections. Jay powell says the fed will use all tools to support the economy and defends its foray into Corporate Bonds. Robert kaplan tells Bloomberg Health care policies are key to the recovery. And geopolitical risks add to headwinds for investors. Seoul says north korea must bear all consequences of its actions. Indias defense stocks gain on rising tensions with china after a deadly clash in the himalayas. Good morning, everyone. This is bloomberg surveillance. Im francine lacqua, here in london. Tom keene in new york. A lot of the focus is on stocks. We are seeing european stocks adding to the rally. They seem to be shorting off concerns to the in ....
Lets get your headlines for you. Beijing cansles flights and orders schools to close as chinese cases of the coronavirus rise. Infections. New jay powell said the fed will use all tools to defend the economy. Robert caplain said healthcare policies are key to recovery. Indias defense stocks gain after the first deadly clash with china. The first clash resulting in death between the two countries in 45 years. Now we have e. U. Car sales coming out and the drop is substantial as you may expect. 57 is the european car sales drop in may. This comes after the much bigger plunge of 78 in april. Car sales falling by more than half. 57 in may after the 78 plunge in april. Of course that is not unexpected considering the fact that most of the month at least Car Dealerships were closed in many countries in the European Union. Just under an hour away from the start of cash equity tradi ....
The s p 500 sees its biggest rise led by energy, health care, and raw materials. And an indepth look on the economy. We discussed fed policy in an expose of interview with Robert Kaplan. Shery lets get started with a quick check of the markets. The u. S. Futures are under pressure. This after we saw the rally in u. S. Stocks. Taking the s p 500 to the highest level since a few days ago. We have seen the rallies for the last three sessions and it has now gained the most in more than one week. And health care leading all 11 sectors higher and we continue to see optimism over the economy. U. S. Retail sales jumped up the most in a record. It has really offset that second coronavirus exceptions. The nasdaq was up 1. 8 . This was of course after oil went above 30,000. There are signs of improving demand and product production. What comes to the economic picture, will be getting trade figures from japan. We are setting up for a mixed ope ....