The outbreak has risen to 130. And g20 finance ministers and central bankers brace for the economic fallout. Lets take a look at the markets. We had u. S. Markets closing. Eaker on friday we have new zealand trading at the moment. Its looking weaker at the moment by two thirds of 1 . Half income declining to 185. 8 million. The yen is gaining a little bit of strength against the greenback over the past 24 hours. But the u. S. Dollar is still looking pretty strong. The World Health Organization says no new countries reported of the coronavirus. We have yvonne man in hong kong covering this story for us. South korea was among the nations performing during the search. What is the focus . , it seems that the focus is to prevent a Global Pandemic outside of china. To six. H toll rising total cases topping 600. As you mentioned a 20 fold increase in five days and half of those cases seem to be tied to this religious group where had infected all patients in a Psychiatric Hospital after attend
Lifeline. We will hear from the Morgan Stanley ceo on the big 13 billion acquisition of e trade. Paul. Paul thanks, emily. Lets check on how futures are looking in asia. Looking like a much quieter day than yesterday. Sydney futures looking fairly flat right now. U. K. Futures looking weaker by 0. 4 . A bit of a move down in costly futures. We saw u. S. Markets ending modestly low. Concerns about earnings downgrade. More on that later. New zealand also trading right now. Currently flat. Emily thanks. Lets get a check of where the u. S. Markets closed today. Taylor riggs is in the newsroom. What were the highlights . Taylor sort of a risk off day. Really 500 Big Companies leading the losses. Bonds rallying five basis points after the crucial 1. 51, and the yield curve is inverted by the most since october, six basis points. Take a look at the chart in my terminal that put the selloff into perspective. The chip performance relative to s p 500 performance is still near an 18 year high. On
Lets have a look at what is going on with these markets. We would normally be looking at the nikkei, but tokyo is looking at the public holiday. There we go. Taiwan moving to the upside. Hang seng adding to some of the gains. Overall, we are seeing a mixed bag. Shanghai is lower. The asx 200 not having a good time. Lets have a look at the other Asset Classes which are perhaps on your radar here. Kicking things off with a look at gold, just down a fraction. Investors are sticking to their guns. We have seen it shifted to gold ever since the middle east tensions did come to the fore with the downing of that jet and the killing of general soleimani as well. 1556. S just at the moment 98. X crude, oil holding onto the biggest weekly drop we have seen since july. Easing tensions regarding whats going on in the middle east. On top of that, the pound is a little bit lower. There is the possibility of a rate cut. The bank of england policy maker showing that there are no signs of the economy i
Results as leadership speculation swirls. Lets look at how we are positioned on the markets. Australia, looking like a flat open. Moved loweres have on that news from apple. Nikkei futures off about a fifth of 1 . New zealand has been trading for about an hour now. Ospi futures the latest company to announce fallout from the coronavirus. Joining us, mark gurman. Background into this announcement. Apples second revenue adjustment to years in a row. This time it also has to do with china but for a different reason , coronavirus. Billion for the march quarter. They are not saying what the new Revenue Target is. It is very clear that this is happening an impact on them. Sales in china are down dramatically. Two stores, most of which have been closed in february. China is the third biggest market. Second, the iphone is temporarily constrained, meaning they are producing less and selling less in the quarter. Andiphone makes between 50 60 of the revenues depending on which quarter you are loo
Sliding Global Demand is increasingly hurting the mainland economy. Kathleen thousands join hong kongs biggest demonstration in months. The protests may drag on into the new year. Lets get straight to the market action. What are you watching . Sophie this monday, stocks in tokyo are gaining ground. The nikkei to 25 adding 0. 7 pipe 0. 7 . 225 economy the nikkei adding 0. 7 . The economy grew. Jesper sees a payoff in 2020 with likely massive boom in productivity. Checking on the yen, holding at about mid108 levels. We are seeing the kospi gain ground, up 0. 4 . The korean won is also looking stronger. We are seeing gains for the asx 200. There was a surprise resignation. We are seeing futures marginally lower this morning early in the asian session. A quick check on bonds. Keeping a close eye on 10 year jgbs to reach that 0 level for the first time this march. We are seeing dwindling demand on the short end as expectations fall for more boj stimulus in light of shinzo abes spending pack