Several areas we consider planes to reopen. Optimistic. Emains treasury secretary Steven Mnuchin says he expects the session to end this year with another Stimulus Program in the pipeline. Paul we are about an hour away from the open here in australia and tokyo. Lets get a check on what we can expect for the new trading day with sophie in hong kong. Sophie asian stocks looking at a muted start this wednesday. This after we sell stock gains fade into the close. Check out what is going on with qe markets. The qe dollar is trading ahead of the rbnz decision. In the bond space, we are seeing five basis points this morning. The central bank of new zealand seen holding pat. That is one of the items on the agenda we are watching with market very much in wait and see mode. Plenty of firepower being amassed in deal space the latest news of kp are having pulled together 10 million. Lets jump into the turn will. The terminal. We could be seeing positive mental for asian stocks. As you can see on
Also jay powell making comments that added to some of this those who have been under such pressure, those stocks were the ones that were the biggest rebounders disney up more than 7 banks were up across the board wells fargo up by 8 bank of america and citigroup up jp morgan up mgm resorts up 10. 5 carnival up 15 . Airlines each up 13 all of those gains coming as there is hope there will be some time those stocks can get become to normal and people will feel comfortable. Thats the early trade also lets look at whats been happening i thought theme parks disney and comcast which is over 2 pretty big gain. Who knows whether it is displaced but it was on hopes of normalcy i dont think it is only moderna we are talking about there is four or five real pharmaceutical Companies Working on it. So just the potential you get and other data point where they say someone else has the success to we dont know what technique i dont know if it is mrna pfizer is working on the mrna technique as well. I
Now. Against the possibility this will cause a growth slowdown in the u. S. Nejra division in vienna. Disagreement over cuts. Delegates look to counter the impact of the coronavirus. We are live on the ground at a crucial meeting. Welcome to bloomberg daybreak europe. Lets kick it off with opec ministers in vienna. The first meeting saw saudi arabia and russia split over the prospect of deeper cuts as the coronavirus weakened daily demand. Manus, great to see you. Can they come to an agreement . Nus my next guest says it is kabuki theater. Its painted faces. Its about shock and. Shock and awe. Where will they meet, which road will they travel . Will it be one million of cuts . Three months ago, i was here and they agreed a 2 million barrel a day cut. So what does it take to put a floor under this market . Highness left last night, promising a wonderful recommendation and he wanted to keep us in suspense. They can take us out of the building because of the virus, but they cant stop us f
Yields down by about eight basis points, once again under 1 for the 10 year. Time now for global exchange. From hong kong to washington to new york, our bloomberg voices are on the ground with this mornings top stories. Want to beginning asia. Total coronavirus cases around the world is now above 95,000. Cases seem to slow in south korea, while switzerland reported its first death. With us now is sophie kamaruddin. Is reporting an increasing number of recovery patients, roughly 62 of those who have been diagnosed who have been discharged from hospitals. The number of fatalities reported wednesday totaling 31, all of which were in hubei province. Jinpings scheduled visit to tokyo has been delayed, and Prime Minister shinzo abe did reveal tighter border controls and japan, including two weeks of quarantine from visitors arriving from china and iran, as well as south korea, where cases have topped 6000, but the daily count has slowed has monday at the country been testing hundreds of thou
President , Robert Kaplan. Why one person sees i think we can but it was one of commodity exposed risk currencies . Zach not necessarily. The main reasons why it was that is what we saw the first appropriate we take action this time around when the virus was week and why we are very opportunities. Treated by investors as a china lets check today on the carefully monitoring the shock. Situation. Monetary policy is not the lead something that was concentrated policy option in this situation. In china and therefore negative for commodity demand. We need Good Health Care now the virus shock has gone global. Street, down today, arresting western europe, north america, yesterdays gains. Policies, containment policies. Both dealing not only with the transportation index is it is possible fiscal policy spillovers from china but direct will play a role. Enough fair market. There may be forbearance effects from the coronavirus outbreak itself. Policies from a supervisory that makes the currency