Coronavirus restrictions. The pboc pledges stronger monetary policy. Saudi arabia confronts its own predicament with slashing of spending and tripling vats. The European Commission threatens to sue germany. Sident ursula von warm welcome to the show. The agenda has been set. More stimulus from china and japan. Negative Interest Rate policy is exploding across the u. S. To the market, april fed funds futures for 2021 skirmishing with a negative. According to jpmorgan, you should. There is a big bet negative rates could go to 45 bips in 2021. The dollar, what are the consequences of nirp. Therestrate policy on dollar would be the dollar living on borrowed time according to standard chartered. Dissipating. Ial is we are rolling over. Dollaryen, more news of more stimulus from china and from abe japan could do more helicopter money if needed. The dollar rises, the yen falls. Have a look at the rest of markets. What is the biggest risk of the morning . Asian stocks rise on the stimulus disc
If you look at it, it is more of a financial thing than an Oil Situation. Airlines stock go into descent. Problems for peugeot expecting to see the european car market shrink this year. Lse outperforms. Also reaffirming the final dividend and will complete the 37 billion refinitiv deal in the second half. President trump issues an executive order suspending all immigration into the United States to, quote, fight the invisible pandemic and to save american jobs. Well documecome to street. Lets get to the top stories of the today, which is energy markets. U. S. Crude turns negative for the First Time Ever. Siting the strain on storage looking at minus 2. 08 falling 30 , yesterday settling over minus 37 a barrel. That means producers would pay traders to take oil off their hands. Amid widespread lockdowns amid an output cut among opec have not yet taken effect uta trading around 20 a barrel. Clearly holding out much better than the may contract. Big questions remain over whether we could
Worst in the history of the report. Jobless claims out today. The u. K. Is set to ease parts of its nationwide lockdown on monday. The pound fell to a twoweek low ahead of a bank of england decision. We speak with governor andrew bailey. Welcome to daybreak europe. We are getting a little bit of a. Ift through risk assets unexpected rise on exports. Backtronger yuan off the of that. Still some red on the screen in asia. The s p dropped for the first time in three days in yesterdays session. European futures in the green. Earlier, we were seeing the yen at its strongest or near its strongest since midmarch. You wonder about the kneejerk reaction. The painful jobs report, a grim foreshadowing of what we could get out of the nonfarm payrolls tomorrow. Ahead ofa two week low the boe decision. The expectation we could see more quantitative easing either this week or perhaps in june with the boe expected to hit its present the bond buying goal around the end of june. Oil getting a little bit
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
Joining us here with your global news update this is r. T. International. Lets start with a look at the latest figures on the curve 900 pandemic with more than 2000000 cases registered now worldwide 134000 lives have been lost in it is states has the highest death toll followed by italy and spain so far more than half a 1000000 people have recovered from the virus globally. The u. N. Childrens fund has one of a possible resurgence of maisons because of the cove in 1000 pandemic according to unicef millions of children are at risk of missing their vaccinations follows World Health Organization guidelines issued in late march saying immunization should be postponed legals is an easily preventable viral disease according to w h o targets and 95 percent of people need to be vaccinated the medical and countries could full schildt of that target of cornton measures continue we heard from robin and the chief of immunization at unicef he says that any vaccine delays must be temporary these 217