The futures contract from the big gains as well. Optimism at the start of this session. A data out of the u. S. We have p. M. I. Numbers. And easing from the impact from the virus. E await that data. Good to from bill have you with us. In the end at the end of the day, it remains strong and solid. This market seems to suggest you cant fight the fed or federal banks and no bad news will sentiment. Y damp the im not sure that i would be that positive about the sentiment. The correction that we saw in march was sort of a classic correction, if you like, with all the things happening in the normal order. But the rally has been defensive in nature. A lot of defensive assets like gold have done very well. And certainly defensive sectors within equity markets, for well. E shes have done we have this massive, massive, monetary and fiscal action by the fed and other Central Banks and governments but im not sure if that turned yet sent metropolitan positive. People are still very, very carbous.
And the corporate impact come up mastercard and United Airlines are the latest companies to warn that sales profits are getting hurt. Manus welcome to daybreak europe. Hedges. To hedge your the defensive positions traders have put on especially in the bond market are already being shaken to the core. The biggest oneday drop since 2016. . Hat is your hedge, and nejra nejra fish you ask yourself what caused this must don . We saw the biggest move down in global stocks, one of the biggest in 10 years. The gain in Global Equities for 2020 wiped out. That theabout the fact spread for the coronavirus outside china was causing concern, or did equity markets finally wake up to what the bond market was signaling, that that that the 30yearold yield plunging . Manus i think what are the best articles is from Goldman Sachs saying, another 25 basis points down in terms of yield. A really bad surprise would be 35 basis points. My line of choice in the bond story this morning is one punter spend 12wh
Lighten up in a bid to get people back to work. The concern here and why these indices are in the red is what if that brings about a surge in the case count. Lets look at what is happening in the broader asian markets outside of china. You can see the asiapacific index excluding japan. Japan is on hold today. Also in the red. S p, futures looking ahead. Under pressure on worries about what suppliers will be doing to supply chains. A lot of them are in south korea and that is now the focal point for the coronavirus outside of china. I want to bring to your attention at the top of the screen, the malaysia stock index. Some political turmoil, news coming out of the Prime Ministers office. Really weighing on malaysian equities, down to the lowest point since 2015. I want to bring your attention to the currency markets. Also want to point attention to the aussie dollar versus the yen. That is not just the currency to watch in asia, but the broader risk barometer. The aussie dollar can be a
Doctor here sound do you want to. Die that its easy to tell a child that child. Well that. Would pop up like chinese or i shall be a nation of. Playwright evolution. Hello im Richard Ginsberg and youre at the listening post among the media stories that were covering this week transparency the manage time beijings approach to controlling the narrative on the corona virus remains a work in progress and trying to keep fear of the pandemic contained. Oh in places like germany theyre loud they can bully they call themselves nationalists and they are some of indias most watched news actors plus the New Territory government in manila having gone after news websites it doesnt like now targeting the countrys biggest broadcaster. 2 weeks ago when we 1st examined the official chinese response to the corona Virus Outbreak beijing was in damage control mode the government had been slow to respond its Media Outlets had downplayed the seriousness of the threat and lives were lost as a result one of t
Dr who sounds like ours guy that its easy h. L. A. To try that trash out of health but. What about the way chinese are trying to show you a shot. At all they already heavily on social media hello im Richard Gilbert and youre at the listening post among the media stories that were covering this week transparency the manage time beijings approach to controlling the narrative on the coronavirus remains a work in progress and trying to keep fear of the pandemic contained. In places like germany theyre loud they can bully they call themselves nationalists and they are some of indias most watched news actors plus the New Territory government in manila having gone after news websites it doesnt like now targeting the countrys biggest broadcaster. 2 weeks ago when we 1st examined the official chinese response to the corona Virus Outbreak beijing was in damage control mode the government had been slow to respond its Media Outlets had downplayed the seriousness of the threat and lives were lost a