More than 2 on the stoxx 600 great s p futures point to another day of decline in the u. S. On track for six days of declines and heading for lowest close since october and global stocks for the 10 year yield hitting a fresh record low. Yields are dropping across the u. S. Curve. The two year yield sitting around 112. To the euro missed the risk off memo . Three out of the past four days. 10947. It could be down to the broad dollar weakness. The yen has been big today along with gold. Saying we could get 1800 on gold. Wti extending its slide beyond a 13 month low. Lets get the bloomberg first word news. We begin with italian Opposition Leader Matteo Salvini who accuses the government of underestimating the threat of coronavirus. He is urging them to earmark at least 10 billion euros for emergency measures. I think it will be the composed of factions the dont like each other. Its already the weakest in terms of growth. After the virus, which will evidently slide us into a recession, a g
Coronavirus cases climb, worries as the number of u. S. Cases increases without links to and outbreak. Joins apple and hp in scrapping its outlook on the virus. Standard chartereds cfo tells bloomberg it is too soon to say how bad it will be. Quit, factors will probably come through in march and beyond. The uncertainty at the moment is which markets is in which markets it will affect things. Matt europe on other. Matteo salvini tells bloomberg the Prime Minister is underestimating the threat. We are live in rome as Giuseppe Conte meets Frances Emmanuel macron today. We take a look at futures. They are a little worse in the is. Compared to well, no, stand corrected. They have dropped much more now in europe. Its rare you see a move in this order. Percent. Res down 1. 7 u. S. Futures have recovered a bit. They are down less than 1 across the three major indexes, although just slightly in terms of the nasdaq, down almost 1 . And more risk off news anna, do you see more risk off news on th
Offering a possible sale on the slopes eyeing a take over and other luxury targets get a boost among the consolidation. Turbulence ahead. Shares of skand Avian Airlines are lower. Saying they expect a rough year to come. We are forecasting a rather challenging year for 2020 where the outlook is designed at 3 to 5 of course, there is more work to be done. It is a busy day if you are an oil trader. Opec numbers will meet to decide whether they should take fresh action to support prices reuter has reported a deeper supply cut is the main scenario up for discussion. It would represent some 400,000 barrels a day. Saying there was not yet a consensus. He would prefer to roll existing supply cuts over to the end of next year. Our colleague joins us outside of that meeting. What else did he say about the cuts extending reporter good morning from vienna where Top Oil Producers are meeting to discuss the potential deepening of the opec cut deal this is some what of a surprise. Coming into the me
Aggressive policy, stocks get a boost. Sellers deal. Ab inbev of is selling carlton united for a 11 billion. And an ipo of its remaining asian unit is still in the cards. And a downed drone. Oil snaps several days of losses after President Trump says the u. S. Has downed an iranian drone. Matt, good morning. Matt we are less than 30 minutes away from cash trading across europe and in the u. K. Take a look first at the 10 year yields. A big debate today about whether the fed rate cut, almost a foregone conclusion, will be 25 basis points or 50. As a result, the yield continues to come down. Up a little bit today. Still, if it is a 50 basis point cut, expect to see the yield fall further. Look at futures. European equity Index Futures pointing up. Dax futures gaining. Cac and ftse gaining also. the markets have faith in the original statements from william. The asian equity market getting a boost from officials despite the walk back. The market buying into the idea that perhaps there is
Complete the project. And gas prices are surging rapidly here in california. Our mike inouye is going to break down whats driving up those costs while helping you find some cheaper options. This is today in the bay. Mike has the golden ticket. Cheaper gas. Good morning to you on this wednesday. Im marcus washington. And im laura garcia. Well check in with mike with a look at the morning commute. First, Cinthia Pimentel is in for kari bringing the sunshine. And the wind. We have both of those things on the forecast. We are going to start to dry out for the next couple of days and start to see more of that golden thing in the sky. Were starting in san jose, checking in, 47 degrees to start the morning. There will be a few clouds lingering, but nothing like yesterday to dampen the mood. Temperatures and more sunshine at 65 degrees later this afternoon, to enjoy Daylight Saving time. Now, as we talk about the winds, its really going to pick up later tonight and definitely on into thursday.