Prices. A new study warns japan is facing a double digit contraction in the coming months as the coronavirus pandemic slows the economy further. Shery lets get you started with a quick check on how markets are trading. We are seeing key restocks gaining ground for a third consecutive session. We have seen the rbnz come out and say it is open to increasing the size and scope of its program. We are seeing further upside in trading. Nikkei to futures up. 2 . U. S. Futures under a little bit of pleasure but this of course after closing at the highest level in a month and also entering a bull market. Up more than 20 over its recent low. Wti also gaining ground, up more than 4 above that 26 a barrel level. We have seen a little bit of fluctuation in the oil market. We are headed to the opecplus meeting on thursday. President trump says there are of to slow the spread there are signs that the virus effort is having an impact. In his daily coronavirus briefing, he lashed out against the World
Near its session highs, ending the day with 1 moves in either direction. It looks like some of those could be coming back. We also had crude and oil markets rally and despite concerns that demand was off about 70 . Crude is up 1. 6 . As we know, the fte Energy Consultants have said that it could fall 8 Million Barrels a day in 2020. Cuts. S coming on supply the highyield market, as you can see we are up 2 or so. Strategists say the fed may be buying double b rated bonds. That would be in the junk category. We are seeing some of the highyield markets catch a bid. Now for deep analysis into the markets, joining me from los angeles on the phone is the Portfolio Manager of Causeway Capital management, which oversees a 37 billion. Sarah ketterer is the former morningstar manager of the year. On that note, it is great to have you. There have been many comparisons between 2020 relative to the financial crisis of 2008. You noted in 2008, a lot of the cyclicals over leaving us out of the bottom
This takes effect at midnight tonight. And minister blair will give more details today. Canada and the United States are announcing a reciprocal arrangement, where we will now be returning irregular migrants who attempt to cross anywhere at the canada u. S. Border. French]g this week, many businesses put their hands up and asked us what they can do. A neway were announcing strategy that will make it easier for companies to help out during this critical time. We are launching canadas plan to mobilize industry to fight covid19 to ensure that we can quickly produce here in canada the things we need. This initiative will help companies that are already making things like masks, ventilators, and hand sanitizers to massively scale up production. It will also provide support to those who want to retool their manufacturing facilities to contribute to this fight. For example, the other Parts Manufacturers association reached out to us, asking how they could help. Our Health Care Professionals r
As we take on the world. Were all about the stories that matter to you country but what ever it takes from a cut. Made for mines. The spread of the coronavirus keeps dragging down Global Financial markets asian officials continue mass spraying campaigns both governments take fiscal action and companies from around the world brace full for the show hedges. The chinese buyers pose as you get it in whole history book elsewhere as a business summit starting to markets like india over the middle east. And the 1st state visit by a german president to kenya. To strengthen ties to provide a stabilizing force for east africa. And then fizzle when its their business investors from johannesburg to new york are adjusting their portfolios companies a shift in production or shortages as panicked by the coronavirus has whole economies on edge the World Health Organization has criticized africa for being too slow in preparing for the spread of the virus today it says the world is simply not ready. The
Toniitt. To start we have Steve Liesman who will tell us what is ahead for the central bank, but first dominic chu has the outlook fks stoc reporter after a blistering run for stocks in the first half of the year, here are three things to watch as the markets head bnto thek half of 2019. First, trade. Deal or no deal . Despite the fits and starts over trade negotiations between the u. S. And china,e investors h largely been optimistic that a resolution will come to pass, but what happens if things drag out . And were not even getting into what happens if america decides to stir things up with other trading partners around the globe. Cond, the fed. To cut or not to cut . That is the question. At this point markets are largely expecting that the Economic Data will lead the Federal Reserve to ease financial conditions by cuttite benchmark rest rates. Will it push the stock market to record highs or signal weakness ahead . And third, mega cap stocks, specifically those in tech,ic commion s