Europes closed. Apple didnt give a forecast and this white house commentary. I would start with the white house commentary the apple stock, even after you knew that there was no guidance, was up rather dramatically when we got word that the United States was going to retaliate against china, that was it it gave up the ghost and accelerated the decline in amazon we did have the greatest month since 1987 so that january month was augmented by tremendous japanese buying in 87. It was artificial. This was a solid rally off the bottom its time to consolidate theres no we have to get used to consolidation meaning a 400point dow instead of a 100point dow. We went down 34 in 25 sessions, up 35 in 27 sessions what does consolidation mean now . It has to do with the idea that we give up some of this last gain. The last gain was a short squeeze in airlines, in travel, leisure. We started believing in marriott up 10. Then yesterday we had a really strange day where the most important thing that ha
U. S. And european stocks are hit by the worst rout since 1987, as the panic takes hold of markets. The today session offer brief relief . 5 trillion, the u. S. Central bank offers a huge liquidity, at least nominally, injection into the treasury market after the ecb stimulus measures fall short of combing investors. And delaying the worst. The u. K. Abandons its containment strategy as efforts to push back the peak of the virus takes precedence. New york city declares a state of emergency. We are just under an hour away from the start of cash trading across europe after we saw yesterday, the biggest drop for the stoxx 600 of all time, doubledigit losses yesterday in terms of the dax, more than 12 . The ftse mid was down 17 . Now we see a mixed picture in terms of futures. Dax futures are still down. Investors are still waiting for some kind of comment out of berlin. In terms of the fiscal help that Christine Lagarde, shirley wants, the market wants to hear about it to, and Angela Merk
Seeing whippy action. Lots of movement happening all over the place. We are going to take you through all the news with global exchange, the market moving news from all around the world. From hong kong to new york to washington, our bloomberg voices are on the ground with all of this mornings top stories. Announced newj measures to pump liquidity into the markets to ensure financial stability. Joining bs enda curran. What do we see joining me is in the current joining me is enda curran. What do we see . They bought around 100 billion worth of stock funds and came out with an emergency statement making it clear that they will do whatever it takes liquidity ande is stability in the markets. The boj actions are flecked growing concern about dollar reflect actions growing concern about dollar shortage. We have seen australia pump in a lot of money, and china centralbank top off today with the rrr rate cut. That is all about freeing up funds for banks to lend more to companies that need it
Sectors in the region and everything is up with everything, gold and energy on the back of the pullback, not just oil but gold prices. Up 1 across the region. Tech up 2 . I hope you went long this morning. It sets us up quite nicely. Ended. Over and the nifty futures are up to we regained a 12,000 level. We have set the basis pointed out earlier from him by which we will get back to when we get this market up and running. You are seeing strength in the currency. We will get you the open in the rupee. All things equal, very good session for risk affects this thursday. Su keenan is up. Su we start with the latest Economic Data out of china, consumer inflation studied in inember steadied december. The price index rose 4. 5 last month, smaller following a similar gain from november. The Producer Price stabilized. Novembers than decline. Survey shows Global Growth will pick up modestly between this year and next. This despite the easing of trade tensions. Will be marginal acceleration, give
People might say it has been the best performance currency, thailand. And the bank of thailand. We have an exclusive interview. Kathleen markets have opened. Aussie yields are rising. Little change to the upside after the session on wall street that saw u. S. Stocks pare gains after a fresh eye. The offshore yuan. This check in on the yen morning, holding onto a threeto decline after a wild start to 20, holding onto a threeday decline after a wild start to 2020. New york crude staying below 60 barrel, falling as much as 5. 7 overnight. Oil supplies remain intact. Haidi . Haidi President Trump backed away from a war on iran but said they will be tough, new sanctions until they change their ways. Statesrump the united will meet liam pose additionally additional, punishing sanctions that will remain until iran changes its behavior. , by all assessments, it seems like that reprisal from create noesigned to additional fatalities. Is this a step down for them to theeast put an end to situati