Lets get over to china correspondent in beijing for more. What are the latest developments . The economic front, we did hear from the finance minister over the weekend. There will be additional measures from china to cut taxes and fees to support the economy. We saw additional meters over bond issues at the local government level. Additional letters from policymakers to support the economy. Meet its social and economic target. The question is how much budgetary pressure china will be under and how aggressive these stimulus measures are going to be. Pboc has lowered Interest Rates ensure Financial Markets in terms of cases, 68,500 are the latest numbers in terms of infection. 1600 deaths. The rate of infections continues to slow. We had a doctor out of one of the hospital say that now according to state media, this is starting potentially to peak the rate of infection. The new officials on hubei profits, wuhan is the capital, population they are told not to leave their homes. Leadership
Generali. Anna this is bloomberg daybreak europe and we are of course live at the Economic Forum in davos. Good morning. Good morning from really cold davos. Globalization is the theme that we heard yesterday. Dublin down on globalization after President Trump imposed tariffs. We heard from the likes of trudeau. Modi saying that antiglobalization and isolationist policies will have to end. Of course we have a great lineup. We will be sitting down with the panels and analysts. We will speak exclusively to the of a standard chartered. Manus a little bit of breaking news from switzerland. He leaves and just over a week in just over a week. The guidance for this year will be low singledigit growth. A rebalancing act, of course. Being hit by cheaper copycats trying to bring in those new, innovative, and high costing drugs. Thats a rebalancing act and you saw a deal just the other day. 2018 operating income up to mid height singledigit range. What will the new ceo do . Will he match and meet
Welcome to bloomberg daybreak europe. Im anna edwards. Manus cranny. A couple of push and pull factors in the market. Last week volatility was surging. Anna i noticed. Manus was that your opportunity, maybe, to sell volatility . Yes, we flagged those massive warns, its game on as north korea strikes guam. What does that mean . We had the biggest jump in volatility in three years. And they piled into an Exchange Rated fund that shorts volatility. The fund gains if the markets get coma. Anna investors are aware of the fact that when the vix rises, it typically falls afterward. That is reflected in the appetite. Lets look at the risk radar and show investors had that translate into headline stories around north korea how this translates into a risk on atmosphere. Asian equities, up by 0. 5 . On the one hand, you have these comments coming through from jim mattis, who says it is game on. But the wall street journal cites north korean media, saying kim jong un wants to watch the u. S. A lit
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