Crudeng with oil, wti ps more than 100 to 1. 5 a barrel. Negative for the first time, june delivery contract, 21 a barrel. President trump says he will suspend immigration to the u. S. Over virus concerns as some states look to end the lockdown, plus u. S. Officials learned kim jongun was in Critical Condition following Cardiovascular Surgery last week. Washington is seeking clarity on the north Korean Leaders health. Just under an hour where from the start of cash equities trade. Lets look at futures after markets went negative with the plunging oil prices. You can see european futures now, down about 1. 5 to 2 . U. S. Futures, the cash trade close lower in new york yesterday so u. S. Futures are down a little less than european futures, but we are still seeing dow futures down two thirds of 1 . European equity markets on the oil price, some geopolitical news out of the korean peninsula, as well and perhaps a little focus on the data coming through. U. K. Data on joblessness coming th
Here are your top headlines. Blame game. President trump raised the prospect that china deliberately caused the coronavirus outbreak. This as the u. S. Pauses some tariffs for 90 days but not those on chinese steel or aluminum. Crude collapse. Wti sags to its lowest level in the 21stcentury on concerns that Storage Space is running low. The demand outlook remains gloomy. Signs of easing. Germany begins to reopen its economy as spain, france, and the u. K. Report the fewest coronavirus fatalities in weeks. Just under one hour away from the start of cash trading. Lets take a look at where futures are headed in europe. Futures are higher, whereas u. S. Futures are down. You can see the ftse 100 futures up more than 1 , as are the dax futures. S p, dow jones, and nasdaq futures, red arrows. Further away from the start of trade on wall street. It looks like we will kick off the week in europe higher. That divide between europe and u. S. Futures is interesting. We will watch that as we go th
Brent crude hits its lowest price this century as the demand crash hits the Global Benchmark. An impromptu opecplus call reaffirms commitment to cuts but no action. Repeat,see brent, brent. The u. S. Senate passes new Pandemic Relief Funds totaling 500 billion. Treasury secretary Steve Mnuchin says it is likely to be the last roche sees a bump as they work on developing tests for covid19. We will speak with the ceo of roche at 8 00 a. M. U. K. Time, 9 00 a. M. On the continent. Just one hour away from the start of cash equity trading throughout europe. Lets take a look at what futures are doing this morning after that drop in u. S. Stocks yesterday. Euro stocks futures, the benchmark European Index futures. 7 5 . Ts trading at ftse futures up just over. 5 right now. Take a look at what is going on in u. S. Futures. Also seeing green arrows they are. A little bit of a bounce to be expected for sure but we see s p futures up. 5 , nasdaq futures . 6 these are the top stories from the bloo
The World Health Organization says theres little evidence and more misery for german soccer fans the Football Clubs and. The end of april could the season resume in may with empty stadium just. To our viewers on p. B. S. In the United States and all around the world welcome today across spain people pause for one minute to mourn and remember the lives that have been lost to the coronavirus the countrys death toll is the 2nd highest in europe behind only italy the number of sick needing care in spain is growing pushing the countrys Health Care System to its limits and yet the government says there is reason now for cautious hope a minute of silence in madrid after the deadliest day yet in spains corona Virus Outbreak the city and much of the country are on lockdown following other european nations. A Senior Health official who has been infected appeared fia video link to praise measures taken so far but with a warning. And history. You have now this is from last week in certain regions
Breakers were triggered first thing this morning across assets. 59 basis points on the 10 year yield. That is about a 10 basis point shop. A tiny bit of money coming out of u. S. Treasuries, maybe a little bit of stabilization. Crude oil down 17 . Did we think we were coming into this this morning . 34. 25 on a new front on a war between russia and saudi arabia on oil prices. The dollar index is weaker by the more than. 8 . The yen is the strongest currency versus the u. S. Dollar, trading at 1. 02. Euro and sterling stronger versus the u. S. Dollar. Some of the worst hit industries in the s p 500 are the Energy Industry and the bank industry. Energy down 16. 5 . No indication of what will happen with the debt outstanding of many of the companies. High yield is selling off as well as investmentgrade. It is across the board. The yen is trading at 102. 53 right now. U. S. 30 yeare, the is now only off 26 basis points, which is the benchmark we should be looking at. Brazil is up 8 , germa