Investors are trying to digest the barrage of dats out of china. The conclusion at the moment is it is negative. Were seeing the s p out of many futures. The real standout here is the c. S. I. 300 stock. China sinking to the worst since february 3. Chinese shares really nraveling. 0. 62. Remember we have a heavy european bond supply in the pipeline. No change is expected. It is all going to be about guidance. Demand for eurosterling ahead of the e. C. B. Policy decision according to some of the fx traders we have been speaking to. Coming under pressure down. 6 . We closeded close to four month highs. Limited support from u. S. Crude inventory helping that trade. Lets get some of the other important stories were following for you. Thanks. Coronavirus cases continue to surge in the u. S. With california reporting near reported cases and fatality. The worlds biggest retailer requiring customers to wear masks. Walmart joins starbucks, costco and best buy in the move. The coronavirused a it
Amid consulate closures and arrests over spying allegations. Ray dalio warns the capital war could hit the dollar and gold source to a record high. Ryanair says its biggest fear is a second wave of the coronavirus as the Airline Reports a loss for Quarterly Earnings as the u. K. In forces a 14 day quarantine on travelers from spain. Plus, sap plans to spin off its Consumer Survey unit two years after buying the firm. It also beat Free Cash Flow forecast for the year. We are under an hour away from the start of the cash equity trading in europe and the picture, firmly risk on which might seem a little counterintuitive given we are seeing gold at record highs but this is the state of play. Euro stocks futures called 1 5 of a percent higher. Travel stocks could be active given the decision to impose a quarantine on travelers returning from spain amid increasing concerns of a second wave in the country. Ftse futures called higher by a similar margin and s p 500 mini futures in the u. S. ,
Angela merkel does not rule out joint eu debt issuance. Nejra another emergency move from the fed sent stocks and yields soaring, but we are reversing some of those gains today. The 10year yield, we saw the biggest route in 10 and 30year treasurys 1982. We talked seven basis points on that 10year yield today. Asia. N the screen in the moves we saw yesterday in , also theisk on prospect of that stimulus to the tune of more than 1 trillion, but the question for markets is how can risk on continue until we see any kind of inflection rate in global coronavirus cases . Yousef this emergency Lending Program that has come out to try to support primary dealers is front and center in the Monetary Policy side. You mentioned some of the we got on the fiscal side. We are firmly downward, 3. 7 2000. Than also look out for major moves in the commodities and epic space. For the bloomberg in the commodities and these days. If you do have this continued depreciation, then a lot of these measures arent
On the others of the aisle, Jeremy Corbyn. Do not miss it. Manus it is bloomberg daybreak europe. It is all about global trade and the impact. Singapore export orders crash and burn 13 . Have you got a mindset of what is china growth, sub 6 . Nejra have you got a mindset of what that will mean in terms of stimulus . Some of the signals from the pboc when they talked about growth and inflation over the weekend was as things get worse, they want room for more policy moves. You can take something away from that, too. Policyyes, and those adjustments have moved the dial slightly. They are back at levels we have not seen since 20152016. Constructive discussions in trade help the equity markets a little bit and the pboc drip feeding rate cuts. Before biggest Central Banks in the world are on easy mode and perhaps we are under assuming the capacity of qe 2020. Lets look at the s p futures. Credit suisse says an extraordinary rally can endure. The u. S. Will underperform in 2020 because of pea
And are Companies Set for the january 1 implementation date. The biggest billionaires for their Investment Strategies. First off, hes outspoken and unapologetic when it comes to critiquing everything from his nations neighbors all the way to the u. S. Administration. That is exactly where i started my interview with him. About what he has done so far on delivering those campaign promises. About that,ked me the most has not been done. Jerusalem is not part of the United States of america. It is for all the region of the world. For the jews, muslim and christian. It is everybody. The independence, not america. It will not happen. Yousef do you think there is worse to come from the administration of the United States to the point of the arab world . You said at the very beginning this individual is a loose cannon. Could it more difficult in terms of u. S. Policy in the middle east . I will tell you something very simple. Since he started, he promised a few things. First of all, he wanted