Reports bloomberg has seen. Nonetheless we have a virus which continues to spread. In iran we have 19 deaths. The first case in latin america that,zil on top of greece, bahrain, and kuwait adding to numbers they have already. The Disease Control of the European Commission battening down the hatches as in italy we see the death toll mount and the number of cases multiply. In britain we have an isolation facility being set up at Londons Heathrow airport. This is in the backdrop of an overseas expansion. I mean outside of china. In china itself, the spread seems to be getting slower. Anomaly, 400is an one new cases in the last 24 401 ins opposed to the province. There are economic consequences. David lets talk about the economic consequences. We always want to remember this is a human tragedy, but it has economic and business consequences. They come in two different forms. Ies shutting down of factor and the effect on consumer confidence, the willingness to spend money. Rishaad we were ta
The euro coming low once again. Phenomenal. We see the euro being seen as a haven. We are currently up almost 5 in the euro. Were choosingthey the euro instead of the pound, the frank, the dollar. Now, we are seeing it take lowered. Lower. O is going meanwhile, commodities recovering ever so slightly. What a selloff we saw. Crude was at 38. 72. Still below the 40 a barrel mark. Nevertheless, a little bit more optimism coming in. Copper is basically flat this morning. It had been taking that little bit higher after the dramatic selloff we saw. That has been playing into the equities that i want to show you this morning because we have had some phenomenal earnings coming out. The big minor, bhp billiton among them. We will see it move higher. Because it keeps its dividend promise. To theemaining committed dividends. They are reducing production in the oil and gas area. Production cuts and our other three pillars. Iron ore, coal, and copper. 52 slump in profit. Sales down in excess of 20
Secession may be unraveling. Is 8 00 a. M. Across the emirates. This is Bloomberg Markets this is Bloomberg Markets middle east. We are in the latter part of the session in markets like new zealand and australia. Have a look at the broader picture in the region. There is not really much to latch onto. Markets are flat on the benchmark. We are mixed when you look across of these across a lot of these markets. Theres been the emergence of these individual benchmarks. Pulling korea up. Japan is being pulled down by banks. Or 130 companies are set to report earnings in the next few hours. In currency markets, the dollar has been up. The boj is a big story for us in asia pacific. Its about 12 noon. In about two and a half hours, a thatrence gets underway coincides with a flurry of Growth Numbers out of europe. That will be a very busy time. Not just asia but what has been happening in the eurozone. Yeah. Other Asset Classes that are high on the radar. Since the highest level february. Look,
States. Germanys Second Largest Bank plummets. Be the Second Quarter as good as it gets for the majors this year . And hope. Ow favoring an immediate stimulus to the uk following bmi weeks dire readings. Welcome to countdown everybody. Breaking e bit of for you fond people. Well ahead of the market estimate of 326. They raised a full year guidance. Sales numbers come in, just a little bit lower. If you want to understand what they think about polymers, this is the foams or car parts, the polycarbonate that goes into the top of your laptop cases. Course, it was divested, sold off as part of the buyer family. 64 stake have a in this company. And that could be useful do deals. To Second Quarter group level 7. 7 . Olumes up they say that the loans to repaid in be full. So top line is they are year the full guidance. Its by freedom. Freedom to make decisions in closing it systems, plants in brazil, and, of course, they are on target for cost cuts. A conversation a little later on in program
After a wave of consolidation we break down the results from two of the key players. Mark will the drama pay . Itv reports. We see if the numbers are as big a hit with investors as Downton Abbey is with global viewers. Welcome to countdown, i am mark barton. Anna i am an edwards. On a edwards anna edwards. Stay with us for the bloomberg exclusive with megaupload founder. Mark the markets moving in asia and stocks under pressure as the global selloff continues. Weve seen 400 billion over the past three weeks. Lets start off with the stock market. Lets start off with the stock market. Were basically seeing a decline across the regional benchmark. In japan we are down 1 and the yen is a little bit stronger down 7 10 of 1 . One of the stories right now is asia with a very weak retail sales number in the u. S. To some extent, investors started to book those profits in japan. Australia was down because of the banks and the big mining stocks. That is up. 5 . That market hasnt really done anyt