The trend of bad mondays but contracts for major indexes shaking off losses to gain more than 1 . 2 on the euro stoxx 50. Global cases of the coronavirus than 3000,000, more died in spain and italy over the weekend as medical experts say deaths in the u. S. Could reach 200,000. The Oil Price Slump continues with wti briefly dropping below 20 a barrel in new york. Brent prices are at a 17 year low. Just under one hour away from the start of cash trading across europe, you saw briefly, futures here in europe are more than 1 . Euro stoxx 50 futures up. They are trading out 1. 5 percent to 1. 75 . Futures also showing gains. Friday was a down day in u. S. Indexes so you could see today start off risk on. What do you see on the gmm . Anna interesting to see those futures looking strong. When you look at the gmm, you get a different picture. This is the Asian Session and how it looks right now. Msci asiad. 4 on the pacific. The australian and south korean markets in positive territory but th
Indonesia as well has been the laggard when it comes to its performance against the dollar. That is also seeing some decent gains. We are up 4. 5 . Yesterday, we saw a stunning rally, jumping the most in 20 years. May just be a technical rebound given how extreme the drop had been before. Brent and crude, we are still seeing some decent gains. We could be in a freefall given the shutdowns we have seen across the globe. Australia. Hing the only laggard today, down about 1. 5 . Still has been a stunning rebound. E. M. Having a good run. Jay powell has been reassuring americans the fed still has plenty of tools and plenty of tools to blunt the economic damage from the coronavirus. He is urging the house to pass the 2 trillion stimulus package. Kathleen hays is here with what happened today and what happens next. Is the stimulus package a one and done deal . It looks like it is going to pass. The Senate Passed it 960. The first vote was 4747. Finally, after days of backandforth, democrats
No limit, the ecb unveils a 750 billion euro bond buying plan to sue the markets. Christine lagarde throws the full weight of the central bank behind the single currency. The greenback becomes the haven of choice as u. S. Futures selloff again. Liquidity evaporates in the fx markets on fears of a lockdown in london. Stimulus from every angle, global fiscal support soars to trillions of dollars. I count almost 4 trillion of support. The rba cuts rates. Until the one hour start of cash equity trading in europe, and it looks like the wheels are starting to turn in little more risk on. Futures in europe are higher, they were lower minutes ago. Coming back as we see asian markets closed. S p futures still down 1. 6 , nowhere near the limit they bounced off of earlier. U. S. Futures also showing smaller losses than previously, as all this stimulus comes out. We are hearing talk of one trillion from the u. S. , 800 billion from the ecb. It adds up to about 4 trillion from Central Banks and go
Japan hits back with an arrest warrant. Kathleen and the latest results from samsung. Shares remain close to an alltime high. Australian markets have open. Sophie, what is the latest . Seeing oil names with the declines along at the start of trade. Checking in on whats happening with the aussie dollar, looking flat after its biggest drop since august. , this morningline still below the level as we anticipate more policy support from beijing. Gold looking likely to continue. First words get the news from new york. The effect of the bush arsenal shag are being felt halfway around the world. About 12,000 kilometers from sydney. Five have killed at least one for people and up to a billion animals. They are generating their own west or system whether systems that can in turn ignite new blazes. The internal investigation that led to the ouster was never about finding the truth and he wanted to be interviewed himself as part of the probe. Hes promising to name people he said engineered a coup
Markets, yields are continuing to move up. When you look at the japanese 10 year, we are flirting with the zero line. At some point, maybe, we will see if we break above the japanese 10 year. Let me end on this. Some markets are substantially down for the week. The dollar is also seeing a drop. 1 , that is ahead of the u. S. Jobs numbers, which comes out later today. Su keenan is with eyes. She is going to update is with us. She is going to update us. Su lets get right to the newest. We are going to start with china, which has competed has repeated it is going to remain in close contact with the u. S. Over trade. Reports suggest the two sides montharing a recorded 20 spat. The u. S. Intends to impose duties on more chinese imports if a deal is not struck by december 15. A new report says Political Uncertainty in the u. K. Is planning have playing havoc with the job market. Wage pressures continuing to ease. The Employment Federation says companies delayed or canceled plans last month.