Now. Maria we want to check Global Markets this morning, european indices all over the place this morning following the u. S. Central Bank Stimulus package. London shut down, some of the mass transit lines in an effort to contain virus. Ftse 100 is down 12 points right now. Dax index in germany right now up 21. In asia overnight it was red across the board. Take a look. Korea getting hard hit down better than 8 overnight in korea hitting levels not seen since 2009 even as coronavirus cases are dropping in korea. As you see the other majors are also weaker. Lets check the oil markets now. Seeing a rebound this morning after 18year low. As you see oil prices bouncing 250 a barrel at 22. 87 a barrel. Yield on the 10year treasury hovering above 1 . Yields are bouncing once again 1. 92 on 10year. Investors certainly gearing up for another wild day this morning in terms of volatility. Lets check futures. We are expecting another tripledigit decline. The nasdaq is down 35 and s p 500 weaker b
The biggest global coordinated effort since 2018 to save the Global Economy from the coronavirus. Were seeing it react pretty dramatically in the Commodity Prices right now. Look at the dow, were back up 766 points. Crude is up over 5 . Gold got smashed last week on margin calls, it is coming up 30 inhouse. That is pretty incredible run after a big blowout last week. The reason theyre buying gold, if all Central Banks start easing policy, gold might be a safe haven play t wasnt a safe haven play when we were worried about global recession but those odds seem to be going down as Global Central Bank starts to take action. Interestingly enough, last week commodities really got crushed. Grain prices, cattle prices, food prices across the globe, worried that people wouldnt have a lot of money to pie a lot of food. Those prices are coming back. Really a mood change from Opening Sunday night. We got more bad news from the coronavirus and more bad news thing is getting out of control, we open
Facing. Really reminiscent of that merce outbreak in 2015. We saw that 10 billion extra stimulus package back then. Because of this, we are seeing the markets under pressure, but one exchange that im watching is small caps in china. Actually at the highest level since october 2016. We have seen those pboc Monetary Policy measures. Not to mention more news that china could be taking over a hardhit industry. Lets get a broader check of the markets with Sarah Ponczek. Pretty much Everything Else is now trading in the green as the trading session does progress. We have seen markets turn lower under further pressure. 0. 2 but still on track for its best week since june. The hang seng now down 1 . Many times this week we have seen the benchmark approach 50 day moving average, but we have seen it fail as we have seen today. The nikkei roughly flat, but modestly lower. After trading as high as a half percent early on. Then we see the south korean kospi and underperform her across the region on
Provide new for the quarter. Hsbc says 35,000 jobs will go after full profit misses expectations falling 33 italy sampalo getting rolling. Sending shares in the smaller rival up over 20 . The European Competition commissioner tells cnbc she had constructive talks with Mark Zuckerberg there is a change in tone a lot realize there is change needed not in detail. I think that is left for us. Good morning, everyone our number one top story today is about apple apple shares are sinking in frankfurt after the tech titan made a shart warning it does not expect to meet quarterly expectations the supply of iphones will be temporarily limited worldwide. Apple forecasted record revenues it has failed to provide a new revenue forecast, however. Shares in apple suppliers are sharply lower off the back of the downgraded guidance. You can see down almost 5 on the news big ripple effects were seen here you can see the broader complex down 3 to 5 this morning huge knock off effects having an impact let
Day. Thet issues and trade, ongoing battle between the u. S. And potential cyber warfare. Here in california. A lot of people commute. It is a feeling our colleagues in asia have been living with for weeks. How are markets opening up over there . Paul some unambiguous signals. New zealand has been open for an 2. 5 , aready off by move down of similar magnitude for futures in australia. 4. 5 , theures are off kospi weaker as well. We continue to see strength in the japanese yen. A lot of data coming out of japan today, retail sales, tokyo cpi, both of those contracting, even before the coronavirus outbreak. Take a look at the yields, big move down. Of at a fresh record low. 83. Global stocks plunging to fourmonth lows, u. S. Equities falling the most since august 2011 as anxiety over the coronavirus deepens. Lets get to Abigail Doolittle in new york. A lot of red. And id be on the close. Averages all down more than 4 , there was a rebound rally attempt. Turned briefly higher, but that i