As the outbreak crippled. Ctivity Saudi Arabia Oil export to day. D 10 Million Barrels a determine withts get you set up quick check of the markets. We are seeing u. S. Futures under pressure at the open. This after stock markets. Ebounded we have s s p 500 really moving green after we heard that the fed was commercial paper facility and additional move the we havent seen since financial crises. We are just getting more details from the fed. Establishing primary deal credit mentioned, were also getting a Deal Offering and funding. Rate. Te matching discount it will allow primary dealers to support market functionality. From jae powell saying thats what the fed was focused on which is restoring normal function in this dysfunctional condition. The fed saying that primary deal Credit Facilities established section 133, saying that available for at least six months from now. March 20th. Le starting on maturities up to 90 days. Were getting some of that on thecoming through latest effort by
As well. Down 0. 9 . That was expected considering all the liquidity we have seen pumped into chinese mainland markets. The hong kong hang seng well off the lows, very modest losses. Roughly flat on the day. Up near 1 surging, at the moment. As you mentioned, this after losses of 3 in the u. S. Trading session, the worst day in two years. That completely detracted those gains for the index. Lets look at a couple of the risk metrics. Across the fx and commodity riskts, seeing a little, seeing a little bit of tension, a push toward risk. Put it all in perspective. Some major moves in these Asset Classes in the past couple days. The yen having its best day since august. The aussie dollar trading near the lows since 2009. Look at commodities, copper pushing for the upside, representative of Global Growth in the economy. The gains in gold over the past five days starting to temper. 1650 dollars near a troy ounce. Haidi taking a look at a deeper dive, david is in hong kong. What you watching
The government is stepping and a lot to stabilize the market. Stabilize the rupee. Money is free to go where it wants to. If you are bid up because of foreign money coming in, and people want the entity those are the first markets they look cap. Indonesia is a good market indonesia is a good example. Give us anere to assessment on where we are. Up by over 3 ng this morning. We are seeing the biggest drag on the index so far. A third day of losses for the index. Here in the city. Take a look at the moves in shanghai. The index is off by 3 . Drop of as much as 4 by the hang seng index. The king dollar raining this morning. The offshore yuan is finding its footing. Trading below seven. The rupee has recovered from a record low that it hit further that it hit earlier. This is this as japanese officials tried to calm markets. The bounce back we saw earlier s p. Y stocks a similar theme across the region when it comes to the Circuit Breakers being met. The nikkei up above 17,000. Checking in
How worried should you be . Nine Business Days ago, the legendary Warren Buffett talked on cnbc about the greatest of america and the power of longterm investing. He explained stocks were still the best assets. He pointed out that even if you bought and held during the financial crisis in 2008, the worst possible time, youre up big now. But since buffett made that call two weeks ago, the s p 500 is down roughly 10 , thanks in part to another brutal session where the dow plunged 970 points the s p plummeted 3. 93 and the nasdaq nosedived 0. 10 . Buffett always says you should be fearful when others are greedy and be greedy when others are fearful. He publish an oped buy american, i am as the oracle explained, and i quote, i havent the famous idea as to whether stocks will be higher or lower a month or a year from now. What is likely is that the market will move higher, perhaps substantially so, well before either sentiment or the economy turns up so if you wait for the robins, spring wi
Yesterdays stock rally. European equity futures suggest another grizzly session. Reject ree to restrict travel to the region. Angela merkel is not rule out joint eu debt issuance. Welcome to the European Market open. Lets get straight into breaking news from the car sector. Car sales in europe are off to their worst start to the year since 2013. Registrations declined 7. 3 . The coronavirus is shutting down car plants worldwide. Earlier on, we heard from toyota. Daimler vw, and that is the way we are heading. Things are looking to get worse before they get better. Of february looked different than the end in terms of consumer purities priorities. Lets get a look at how the car sector opens in just under one hour. Under one hour to go until the sort of cash equity trading, here is what futures look like. 4 under pressure, down by or there about. Down,utures are also nasdaq futures down more than 4 . , we saw strong gains but now things are looking more difficult through the Asian Sessio