Details for a continent wide bailout. Hundreds more die in italy and spain. We have the stock rally here as well as futures in your appointing lower. Futures in europe pointing lower. This is european banks halt job cuts during the crisis. Awayunder an hour from cash trading. Take a look at the futures. After three consecutive days of gains, we have not seen anything like that on the dac since the beginning of february. It has been almost two months since we had those gains streaks, in which case you can understand that futures are off a little bit. Dax futures off by 0. 6 , cac futures down. After thees are down Dow Jones Industrial average rose 21 in a three day session. They have gained back able market, the fastest since 1931. They are off by 0. 9 . Nasdaq futures down by a little more than 1 . We do see a little bit of a drop in futures, but in the stark market in the stock market lately, we have seen speed regardless of which direction you go. After falling into a bear market at
Ease concern over coronavirus. 1 10 year yield falls below for the first time in over 150 years. Uncoordinated action. Other g7 Central Banks are yet to follow suit, though expectations for the central bank of canada, japan, and korea and furtherrowing to fall. Scott meinhardt said u. S. Equities could slump another 15 but a surprise come back for joe biden on super tuesday cease turn positive. Speaking of the biden news, we are getting a breaking headline on the bloomberg terminal that joe biden has won the Texas Democratic president ial primary, state that was expected to show strong support for Bernie Sanders, has gone instead for joe biden according to the associated press. Of super tuesday for joe biden. A contender who had almost been counted out after the initial caucuses, coming back in a big way after getting endorsements from Amy Klobuchar and pete buttigieg. Matt, lets go from the United States politics to Money Management in the u. K. Breaking news on the uks largest manage
Will it make its way back to zero . Seems to be part of the conversation building in markets. Barrelumped above 65 a as supply disruptions in iraq brought concern to geoPolitical Risk. With more is Annmarie Hordern. Detention we are seeing in libya and iraq come very different in nature. What is the impact of these on oil supplies . Annmarie they are both geoPolitical Risks to the oil supply. In libya, the government says we could go to 72,000 barrels a day. This has to do with the eastern military commander. He has a blockade now on the port, so actual supply is not disrupted. The market may be shrugging off a little bit because in days or hours, that blockade could be lifted. Iraq, while it is a minor disruption, which is producing more than 4 Million Barrels a day, it opens up a window of worry. Just last thursday, the iea says iraq remains very vulnerable. It is more about could the supply threatened become much bigger. Anna they are overproducing their opec target. Annmarie this c
Fires rockets at u. S. Military base its. Tehran says it doesnt want war. Boeing737 jet crashes in a ron shortly after takeoff due to stateat stadia media describes as technical issues. All people on board were killed. Carlos ghosn says nissan used him as a scapegoat to block further integration with renault. He speaks out in a press Conference Today in beirut. We are also getting german factory orders in the economic data. It does not look good. November factory orders dropped 6. 5 yearoveryear. November manufacturing orders dropped 1. 3 month over month. That we haverders been waiting for here in germany just dont look good. You want to pull that up on your bloomberg, type ego go. Pull down on the german flag. The picture is fairly dire. Just under an hour away from the start of cash equity trading in europe. Before the factory ders came through, they were bad enough. Now you can see, dax futures are down even more. 1 . More than double the losses that we see on ftse futures. In term
Its chinamade model 3 just a year after they broke ground teheran condemns what it calls terrorist attacks on iranallied militia. We continue to demand the Islamic Republic iran act consistent in a wi i laid back in may 2018 for what it is we expect iran to do so it can rejoin the community of nations. So lets take a look at the European Markets now that they had a bit of time to warm up, although warming up is the opposite of whats going on here because they are cooling down. Nikkei down 2 ftse mib in italy down and germany down by 4. 5 its been a very good year for all of these markets year to date lets take a look at how the overnight action was while we were all fast c markets. Im looking in the correct perspective now. The nikkei 225 did finish down but has closed for the year. Year to date its tally was up by 18 . The shanghai composite was the stand out performer for the asia pacific markets up over the past ten years down by just over 7 the hang seng in Congress Hong was an und