Jun.14 -- Atlanta has become the new focus of the nationwide U.S. racism protests after the city police chief resigned following the killing of a black man by a white officer. More than 3 dozen people were arrested after protesters set fire to the restaurant where the shooting happened. Bloomberg’s Jodi Schneider reports on “Bloomberg Markets: Asia.”...
Jun.14 -- Shen Jianguang, chief economist at JD Digits, discusses China’s industrial production data and his outlook for the economy. He speaks on “Bloomberg Markets: Asia.”...
Jun.14 -- Hong Kong seems to have avoided a wave of capital outflows that many feared after Beijing moved to impose a national security law on the city, but there is still growing anecdotal evidence that the city’s rich are increasingly hedging their bets by opening offshore bank accounts and applying for alternative passports. Bloomberg’s Eric Lam reports on “Bloomberg Markets: China Open.”...
Jun.14 -- China has reported 49 new coronavirus cases as fears mount of a second wave. 36 of those cases are in Beijing linked to a market which is now closed. Bloomberg’s John Liu reports on “Bloomberg Daybreak: Asia.”...
Oil fell more than 2% on Monday, extending losses from last week, as new coronavirus infections hit China and the United States, raising the prospect that renewed outbreaks of the virus could weigh on the recovery of fuel demand. Brent crude futures fell 89 cents, or 2.3%, to $37.84 a barrel by 0302 GMT, while U.S. West Texas Intermediate crude futures were down $1.18, or 3.3%, to $35.08 a barrel....
Oil prices fell on Monday, with U.S. oil dropping more than 2%, as a spike in new coronavirus cases in the United States raised concerns over a second wave of the virus which would weigh on the pace of fuel demand recovery. Brent crude futures fell 66 cents, or 1.7%, at $38.07 a barrel as of 0016 GMT, while U.S. West Texas Intermediate (WTI) crude futures fell 81 cents, or 2.2%, to $35.45 a barrel. Both benchmarks ended down about 8% last week, their first weekly declines since April, hit by the U.S. coronavirus concerns: More than 25,000 new cases were reported on Saturday alone as more states, including Florida and Texas, reported record new infection highs....
