How to taper without hitting prices . Polands president ial election is too close to call. We have the incumbent ahead by a thin margin. The result is seen as pivotal for the nations future ties with the European Union. Welcome to the European Market open. Matt is off this week, but just a month under an hour until the start of the trading day. European futures and u. S. Futures for you and both tell a similar story. European equity fund its pointing to the upside, u. S. Futures pointing to the upside. Between. 6 andp. 8 . Weve got u. S. Banks reporting, plenty of those coming through the week. Weve got a few Central Banks giving us their Interest Rate decisions, a little less likely to drive sentiment this week. Looking to the earnings season for any clues. Lets have a look at the gmm to see where weve been overnight through the Asian Session and any clues into the european session. Flying, chinese assets taking off despite caution in chinese papers. The japanese nikkei come also stro
Actually, if people are lawabiding, they never think about endangering National Security, there is no cause for concern whatsoever. Is if therelegation is a National Security law in hong kong, the law should be enacted in hong kong by the Legislative Council. It should not be happening in beijing. The Hong Kong Government has been kept in the dark and the process. Again, this is wrong. Firstly, this is a national law. Of course if it is International Law it will have to be decided how to enact the law. Now, basic law states clearly that for matters of national , thise or Foreign Affairs is a matter for the cbg. No one would question that National Security is something outside the high degree of autonomy. Its a matter of sovereignty of the country. 18 after basic law, theres a process that allows National Laws to be added for implementation through hong kong through a specified procedure. The third point is the political reality. If you believe given the current political reality, given
The data in terms of the jobs 5. 3 million in may, up from four. 99 the previous month. This is very backward looking data. I dont think the market will pay much attention to it, but slightly or positive, slightly more jobs out there then maybe the market was anticipating. Really may data, Rearview Mirror stuff. We will be discussing Global Growth as well as what the countries can do to fix the fiscal stimulus and how to help unemployment coming up and about a halfhour. The stocks are losing the momentum of the last five days, so we are stuck in this range. In an interview in the financials times, a couple of and theere troubling, trajectory of the recovery will be bumpy or. We are watching this closely and trying to understand what is happening. Haefele. Ark mark, how do you understand what we are seeing in asset prices versus every economist morning we are looking at a w shaped, with a lot of risk as we head into the back half . Right. Ou are there is a lot to juggle. The story that
Record high after a global meltdown melt up on monday. Futures are pointing lower. The cash trade tray is less than an hour away. Hong kong on notice. Microsoft joins google, facebook, and twitter in pausing government user data requests. Tiktok also pulls out of hong kong. The risk rally pauses. Equity markets and futures trade grow aboutncerns rising coronavirus infections. Bloomberg learns that Deutsche Bank and google are planning a 10 Year Partnership on cloud and tech investment. Computing and tech investment. Just under an hour away from the start of cash equity trading across europe. Futures are down right now. We see losses on ftse futures of 0. 5 . About 0. 6 . Es, futuresxx you choose down about 0. 7 . Yesterday we got germany factory orders, missing the mark. Coming out at a 10 gain compared to a 15 estimate. Now we are getting german 7. 8 . Rial output rising that is the month over month figure. The estimate was for 11. 1 . Dataagain, german economic missing the estimate,
There would be governments to the rescue of fiscal underpinning to what is trying to be a recovery. You mentioned the important Goldman Sachs story, but clearly the markets are lifting here with a belief that governments will once more step in. Francine and there was a pretty incredible rally with shanghai stocks up 5 . Lets get to first word news in new york city with three. With ritika gupta. Ritika a coronavirus record. The seven day average of new cases reached another new high yesterday, and over the weekend florida and texas established daily records. The county the top county official in the houston area once more restrictions to contain the spread of the disease. The State Government has blocked her from doing more. Indiana has the thirdlargest number of coronavirus cases in has third india the Third Largest number of coronavirus cases in the world, surpassing russia. Theite implementing one of most expensive lucked out at the end of march. President trump sounds as though he i