Economy could lose a chunk the size of japan as coronavirus cases top 1. 5 million. Across extends gains opecplus meetings as Top Producers move closer to a deal. Cutia says it is ready to 1. 6 billion barrels a day. Just under one hour from the start of cash equity trading. Lets take a look at your futures. Gains inoking at futures on the ftse, cac, and dax of 1. 2 . More than 1 gains in european futures. U. S. Futures had a mixed picture. Nasdaq futures were down and we were seeing gains over the last 30 seconds. We are seeing u. S. Futures climb wellwell ahead of the open in new york. Johnson haser boris spent a third night in Critical Care where we are told his condition is improving. Officials are drawing up plans to extend the lockdown in a bid to control the crisis. Scientists predict the u. K. Will be headed into the peak of the outbreak over the next week. Biden is thejoe Presumptive Democratic nominee for president. Thats as Bernie Sanders ended his run, thanking supporters f
After the storm, global stocks stabilized after the worst selloff since the financial crisis. U. S. Equity futures rise. President trump says he will seek substantial relief for industries. Italy, though, in lockdown. A ban on travel and Assembly Goes nationwide. The who says the threat of a pandemic is very real. Crude gets back some of its losses after the biggest drop in three decades inspires decades. , after theaudi oil kingdom cut prices. Getting in there, looking at the cheap stuff. Do you see there anywhere else in the market . What does the gmm look like . Anna getting in and looking for the cheap stuff, emerging markets, rebounding rescan assets risk assets. Msci asian markets. In fx markets, the big move is around again. Gainrday, we saw the yen coming yesterday, we saw yen selling. The moves into havens yesterday a little overdone. Im seeing some kind of stabilization. How long will that last . We see yields going up a little bit. Some of that move into havens being unwound
Surveillance, im Francine Lacqua in london. She targeted bloomberg, but she said about this appointment . Have they been for it or have a lot of the focus who know the had punches for pete and for amy. They had questions . Axel first, you can see the markets will be no the banks. Surveillance. But the question is, bloomberg was surging and biden was a joining as now, Ebrahim Rahbari. Reaction of the stock has been on the markets will be in positive. Distressed candidate. I ways think it is very does this shift the narrative, important when there are some polling . The banks. Conventional wisdom tells you changes, the market has the debates do not tend to move stocks down some 0. 2 . First reaction which was in voters opinions, but this one general positive. Clients have questions around was very fractious, very we did have corporate warnings. The process but i have not passionate. Tom what is so important here, what does wiki yen indicate to received feedback that was we are looking at
Based on the risk off the further markets. It is time now for global exchange. We will bring you todays market moving news from all around the world. Our bloomberg voices are on the ground with this mornings top stories. Where to begin in asia, the coronavirus continues to spread in china, with the number of confirmed cases climbing above 75,000. Engle. Me is Stephen Stephen for the second time in about a week, china has rejigged its methodology for how to classify confirmed cases of the coronavirus in china, that has led to this now becoming a bit of a global crisis. We are seeing more speculation that the data we are getting is we necessarily reliable, or are seeing a significant dropoff in the number of confirmed cases. In hubei province, just 349 new cases reported overnight. Is that because of the new methodology, or do they have the containment efforts under control . That is raising a lot of confusion and questions. Also, it adds to suspicion that officials in china may be prema
We have an exclusive interview. In hong kong the government is again rejecting calls for universal suffrage for the chief executive here. This as anger bubbled back on the streets of hong kong. Shery australian markets have just opened to trade. Lets turn to sophie for a check of what she is watching. Sophie we are seeing stocks gaining ground,. 1 with the stock market looking overheated and valuations and records. The latest, investors buying into the aussie stock rally. Environmental risk around the earnings estimates. Futures looking mixed. It is opening slightly lower, this nikkei futures under pressure ahead of japanese industrial output we will get later this morning along with taiwanese export numbers and jobless figures from hong kong. We are seeing new york crude. 1 , asground over investors consider the potential impact from the auction health in libya and iraq. Said this is a policy delay disruption and there could be a quick turnaround if there is a political solution. Liby