Yesterdays stock rally. European equity futures suggest another grizzly session. Reject ree to restrict travel to the region. Angela merkel is not rule out joint eu debt issuance. Welcome to the European Market open. Lets get straight into breaking news from the car sector. Car sales in europe are off to their worst start to the year since 2013. Registrations declined 7. 3 . The coronavirus is shutting down car plants worldwide. Earlier on, we heard from toyota. Daimler vw, and that is the way we are heading. Things are looking to get worse before they get better. Of february looked different than the end in terms of consumer purities priorities. Lets get a look at how the car sector opens in just under one hour. Under one hour to go until the sort of cash equity trading, here is what futures look like. 4 under pressure, down by or there about. Down,utures are also nasdaq futures down more than 4 . , we saw strong gains but now things are looking more difficult through the Asian Sessio
New notice, saying that the fed will use all its tools to support the american economy. The s p, yeah, it came up off the floor, but it is still down 64 points and the nasdac is still losing 126, todays selling follows the worst single day point loss in history, for all three indices. What will happen in this final hour of trade . It is also the final trading day of february, so what were going to do is keep you rock steady and solid with everything you need to know. Since the thundering bullherd got spooked by the threat of the coronavirus, total equity losses so far coming into today topped 4 trillion. All 11 sectors in the s p right now are in correction meaning they are off 10 or more since their recent highs. Joining the dow, nasdac and s p, as markets fall into correction territory, and are staying there folks the past six sections mark the fastestever decline from record highs all the way down to correction for the s p and the nasdac. The outbreak making its way now into sub san
The 10 year yield at 1. 56 . The dollar index continues to strengthen, and crude oil is above 53. Guy we are seeing Dollar Strength beginning to ease a little bit right now, but you still got the dollar up against the turkish lira. The Turkish Central Bank cutting rates again. Still, the pressure is building on the lira. Eurodollar flat to negative right now. We are still below 1. 08. How low does the single currency go . European stocks not at session highs, but fairly close to them. Oday vonnie we begin with the latest on the coronavirus as china makes moves to stimulate the economy. Possible bailouts for hardhit Industries Even as the death toll continues to rise. Bloomberg also reporting that china plans to take over the indebted conglomerate hna group. For more, lets get to bloombergs Sophie Kamaruddin in hong kong. Continuings and illnesses. What is the latest. Mr. Prystaiko with the report sophie with the report on hna group, bloomberg has learned conglomerate is in talks with t
Business. In berlin welcome customers of india. Outside branches to get their deposits out he is now under direct control of the reserve bank of india. U. S. Bank is indias 5th Largest Private Bank and has undergone steady decline over recent months largely due to its failure to raise capital to address loan losses and downgrades in response the reserve bank of india has placed yes under a moratorium wants to find a solution to the problem until then customers can only withdraw 50000. 00 rupees a month from their accounts thats around 600. 00 euros that decision has had a major impact on the u. S. Banks stuck with shares ending the day 56 percent low on the Stock Exchange lets bring in. Christian and hes in associate editor scrolling and joins us now from delhi and. Do us customers really have to worry about their savings or will the state help out in case the bank goes under. The theres no indication that deposit does have any reason to be watered the government has moved quickly to s
Announcer this is cnbc breaking news. Im Courtney Reagan in this morning. We begin with breaking news. A Global Market sell off under way. Dow futures pointing to a drop of 1300 points at the open but futures have hit their daily limit down across the board. That means stocks could open much lower than whats indicated right now here on the screen you can see the s p 500 is indicated lower by 151 points and the dow by 1300. Bond spark is hitting again. The ten year yield is sitting above half a percent this new record lows were hitting here nearly across the board this morning hovering maybe just above the record lows but look at the 30year bond, under 1 thats happening for the First Time Ever. At 0. 925 . Now all of this is happening as theprice of crude oil has crashed. And that is not an ap exaggeration oil is hitting its lowest levels since 2014 as saudi arabia announces a massive production ramp up and price cut. Crude is now on pace for its worst day since the start of the first g