And the 775 barely. Seven point 75 barely. China is trying to cool down more. This rally also in tech stocks in shenzhen. Marginal gains in the csi 300, but the chinext seems to be on fire. 8 10 of 1 higher for shenzhen small caps. Keep in mind, offshore investors also sowed sold a record amount of stocks recently. Seems tohe hang seng, be brushing aside the executive order from President Trump. We are seeing the rally up more than 200 points for your hang seng. We are watching things like export data out of indonesia, indian trade numbers. When it comes to the philippines, that is the only loser on the board today. We are expecting to hear from the president to announce the latest quarantine measures. They have not really been able to stop this virus there. The nikkei up 3 10 of 1 . Steady stream of earnings in tokyo. Taking a look at the dollar, that seems to be dropping. You are watching things like your dollaryen unchanged around 107. U. S. Yields at. 63 basis points. Oil after fou
Part of that down to the uae and kuwait deciding to cut production. Haslinda chinas factory gate prices fell while consumer inflation eased, pointing to weak domestic demand. Bloomberg markets coanchor Tom Mackenzie joins us from beijing. Take us through the key takeaways. Thatthe top line is Producer Prices fell more than expected. 3. 1 compared to a drop of 1. 5 in march. That does suggest weaker Commodity Prices. Going forward, Bloomberg Intelligence expects that deflationary picture to continue given that the economy will remain under pressure and we have pretty weak demand. That raises questions about the possibility of these corporates and their ability to pay down debt. Consumer prices rose 3. 3 . Poor crisis continue to rise at a slower pace. Pointing to a weaker demand picture. It is going to reinforce the case for a more certain policy support. Moderating,pi is the other question is whether this starts to spread internationally as well. They are saying there couldnt be a wors
Welcome everyone to the governments daily briefing. Im joined today by the chief executive of the nhs Simon Stephen and deputy chief medical officer jenny harris area id like to update you all on the facts of the spread of covid19 and the steps that we are taking in the battle against the coronavirus. 130,777 people have now been tested for the virus. Of those, 14,543 have tested positive. Increase in the last day of 2885. That scientific analysis now is at the rate of infection has been doubling every 3 to 4 days. Of those who have contracted the virus , 759 have sadly died. Our thoughts and prayers are with the families of those who have passed away. These figures are a powerful reminder of the need for all of us to. We need to slow the spread of the virus and strengthen the nhss ability to protect us all. Social distancing measures have been put in place to restrict the spread of covid19. So fewer people should need hospital treatment at any one time. The measures that we put in pla
Singapore and malaysia doing pretty decent. Aligned coming from apple daily. Hong kong has found a third a gym. Irus links to if my memory serves me correct, this is the paris gym. It is slowly making its way into the second week. This,s talk more about italy has had more people died than any other nation including china. Stephen. Bring in he is doing his best to keep abreast of all that is going on. We heard a lot of headlines. What has been announced in california . Has basicallyr ordered everyone to stay home. They want to control the outbreak and the governor actually saying that the outbreak and infections could of thepwards of 56 population of california. Last year they had nearly 40 million residents, 20 million infections is what the governor is saying. We had a separate order with the mayor telling people to stay home. Heels of san the francisco and the bay area being on lockdown, so it looks like a lot of the local governments and federal governments are taking this much more
Bring a malaria drug to u. S. Patients. Global equities make gains amidst tentative signs of Risk Appetite. Surges as President Trump says he may intervene in the price war. Welcome to a daybreak europe. We have seen 30 Central Banks cutting rates this week. 1. 5 trillion dollars of fiscal stimulus pledged worldwide. We have started to see stability in the market. Asian equities, excluding japan. Yesterday, we did not see limit up, limit down circuit breakers. In fact, we saw a little green on the screen, futures are dead flat. We have not yet broken the christmas low. European futures are firmly in the green and darl are dollar weakness is the focus. The fed starts dollar swap lines with nine more Central Banks and concerns around the lockdown pushed the dollar lower. Most beaten up currencies are catching a little bit of a bid. Oil record search yesterday as President Trump says he may intervene. Gold is higher and catching a bid, heading for its first backtoback weekly loss since se