Is a warning to the entire industry. More planes into a collapsed market. Shery lets get started with a quick check of how markets ended in the u. S. U. S. Futures right now seeing some downside, down 2 10 of 1 at the moment. This after u. S. Stocks closed at a six week high. We have financials leading the gains. Surprisingly good earnings reports coming from Deutsche Bank which is helping sentiment. We have more positive sentiment and perhaps some expectation there could be more stimulus aasures given that we have trio of Major Central Bank decisions this week. 25 s p 500 up more than from its march lows. When it comes to the nasdaq, also gaining ground, about more than 1 for the regular session. Take a look at what oil is doing because we are seeing some upside for wti which is gaining about 1 . Backafter oil plunged below 12 a barrel. We are now seeing it just nearing 32 a barrel. We did get u. S. Drilling cuts but at the same time come we have the biggest oil etf in the u. S. , say
Of that will be technical selling. The bond market is a little bit unusual not so much happening in yields here, but in europe you are seeing pretty strong support. The time now for the market moving news from our new york team. We want to begin with china and that historic economic slump. Ae first contraction in backdated. We have our correspondent with all of the details. Mike it was actually worse than you expected, 6. 8 decline, the worst since they started reporting quarterly in china back in 1992. The economy has not contracted the fullyear basis since 1970s. We will watch that. One reason the numbers were not worse, if you look at the second number, smaller than expected, Industrial Production of on. 1 , factories returning to work. The problem for them is with the rest of the world unlock and there is nobody to buy their stuff. Consumers are not buying. Lockdowns were lifted but people are still reluctant to go out and spend. Retail sales down 15. 8 this is important because th
19 and factions continue to surge globally the number of cases exceeds 490000 thats nearly doubling in just one week now the death toll at more than 22000 the pneumonia causing virus has been rapidly increasing across europe and the United States cuba is the latest country to join a 20 percent of the global population thats already on lockdown of the World Health Organization concerned now more than ever on the number of Health Care Workers being infected. Of a little ports we also know that one old infections. And many more d. Of. Those services. All of us as of yesterday its a little board at 6200 in fact that it will cause. Most. Individuals as best as we can so in the last 24 hours spain saw a small decline in faith teletubbies where 655. 00 people passed the Spanish Health Ministry Said the total death toll rose to nearly 4100 while the number of confirmed cases climbed in one day from 47610 to more than 56000 of the Spanish Parliament extended its state of emergency through at le
Sentenced to death. They could charged with capital murder even though he didnt have the gun didnt pull the trigger didnt intend to kill anybody imagine living in your bathroom for the week with the scent of a 23. 00. I felt that i deserved to be. Confined within 4 grey walls funded so using. Them to leave dennis room. This is that one business show you cant afford to man on fairmont a sailboat in washington coming up markets continue on the rebound of the u. S. Senate fight. And only half the nearly 2 trillion dollar relief packages plus Oil Prices Last more than a 1. 00 a barrel per day what does that mean for its futures plus some Companies Reluctant to open shop too soon well tell you how china is handling its recovery but 1st lets start by tracking the crown of our. Cover 19 and factions continue to surge globally the number of cases exceeds 490000 thats nearly doubling and just one week now the death toll at more than 22000 the pneumonia causing virus has been rapidly increasing
Data and overnight we got some fresh stimulus from china from the pboc that providing some support as well as investors look to the opec plus meeting now due to take place on thursday to see if saudi arabia and russia can come together with other Energy Leaders and agree a cut to Oil Production lets take a look at the different regions and what the split looks like that way. We have the dax up northemore t ftse 100 up 2. 4 the sad news we brought you, Prime Minister Boris Johnson has been admitted to the hospital. Hes had persistent coronavirus symptoms for ten days. Hes taking some precautionary measures by going to the hospital now cac 40 up 3. 5 in italy, the ftse mib is trading 2. 3 higher. Lets take a look at autos you can see daimler shares up 6. 3 volkswagen up 7 porsche up 8. 1 . Weve heard from automakers taking steps to shore up their Balance Sheets to shore the crisis investors responding as well renault up 12 some major moves the china angle, one of the more cyclical move,