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We are going mostly down. Trump has used his executive powers to ban investments in companies that are associated to the Chinese Military. Lets look at some other asset classes. Dollar index unchanged. The euro, which has been under the caution with the dollar. Crude, just dropping below 40 bucks a barrel. We have the surprise stockpile gain in the u. S. Gold price moving up as well. Goldman sachs saying they are bullish on not just gold but also copper. Lets move to what is happening first word news was. We get over to new york and joined karina mitchell. Karina the chances of a new stimulus package in the u. S. Are receiving with the white house saying sources tell us gop leaders will not lead any of the talks. Mitch mcconnell has been more distant from a democrat proposals, reducing the chances of a new deal. The Federal Reserve is again warning fiscal stimulus is requi ....
, warning a significant backer for years to come. Secretaryse cabinet pledging to maintain policy if he wins, but says more can be done. Lets get a quick reminder how u. S. Stocks ended. The s p closing at a fresh record. This in the face of warnings of a k. G. Recovery and pessimism relief bill. Tesla dropped as much as 15 after Bailey Gifford cut its stake. We are seeing s p under pressure. Lets check in on oil. Below 42 after slipping to a three week low with upcoming refinery maintenance weighing along with a stronger dollar. The greenback rose the most as the euro slips positioning. Technicals are favoring abounds in the dollar, according to scotia bank. We are shaping up in asia, futures pointing higher, holding above 106. Yoshi keeping big stimulus going in japan. We will be watching chinese tech giants after india banned appser sets set of including baidu. Drivers fueling performance of chinas big tech stocks from march lo ....
Data likely to report a substantial fall in Second Quarter of gdp. It will confirm a first technical recession in 29 years. Raced shinzo abe after he set his plans. The backing of the ruling party. Voters have another view. Haidi we are just getting south korea Inflation Numbers crossing the bloomberg. Slightly more inflationary when it comes to consumer prices. When it comes. 7 to the year on your number for soft arena. Southxpectations korea. Beating expectations. 3 . The month on month number of. 7 . Betterthanexpected expectations. Cpi caore number year on year coming at. 8 . Continuing to edge up. Still shy of 1 that we are looking for. We are starting to see a recovery when it comes to domestic demand. The influence of supportive base effects. Hoping to lift the inflation somewhat. We have the renewed resurgence in virus cases in the letter half of the month, likely ....
60 billion kiwi dollars. It is projecting a contraction of its gdp in the Second Quarter to 21. 8 . New zealand maintaining its benchmark Interest Rate at 0. 25 , all pretty much as expected. The rbnz has been at the forefront of supporting the 0. 5 already. Ates under a lot of pressure for this fiscal stimulus, as weve been saying, to double to 60 billion kiwi dollars. Facing a lot of scrutiny on whether to take rates to negative. We will see if it does that later on. For now, keeping rates steady. Kathleen bring in hays. It does seem like rbnz did exactly what the markets expected. Absolutely. There was no changing sentiment in the key rate. 75 basis points move in midmarch, that emergency front, the rbnz saying they are prepared to cut the cash rate further, taking it lower, then that door gets opened even wider. They are saying that the balance of economic risk remains to ....