5 things to start your day
1) Ocado sued by rival for robot technology A Norwegian company has accused Ocado of infringing its intellectual property by selling sophisticated warehouse systems to large retailers.
2) HSBC halts new rebound loan applications due to huge demand The bank has lifted the drawbridge on pandemic lending to new business customers as it struggles to meet demand.
3) ‘We need a clear message’ – stores fear for their future The British Independent Retailers Association has warned that many jobs in its industry are unsustainable due to low footfall and low sales.
4) Spend and hire more, the chief economist of the Bank of England tells companies that companies should step up hiring and investment to improve their own prospects and that of the economy in general, Andy Haldane urged.
5) Facebook’s ‘Supreme Court’ Starts Too Late for US Elections ‘Supreme Court’ decisions are unlikely to take effect for three months after cases start
What happened during the night
U.S. equity futures and the Australian dollar fell on Friday after President Donald Trump said he and his wife tested positive for the coronavirus.
The announcement, weeks away from the hotly contested presidential election, raised concerns about Mr. Trump’s chances of re-election as well as his stance towards China, where the pandemic began.
S&P 500 futures fell 1.8% in Asian trading after the news, extending earlier losses, as risk barometers such as the Australian dollar and Treasury yields fell.
The Nikkei 225 benchmark fell 0.67 pc or 155.22 points to end at 23,029.90
1:30 p.m. US Non-Farm Payroll Report