Investors say there is little chance of warding off a recession. The bank of japan is next. Governor kuroda may be more aggressive as the virus further weakens the economy. U. S. Futures start trading in the negative right now. Under pressure right now. 3 percent. Even after we saw the worst day since 1987. Forident trumps travel ban europe not today well with investors. Take a look at what we saw throughout the session. It was an incredible day on the s p 500. The fiveminute trading. If you can switch up the board, you can see what happened throughout the session. We were down 7 . We did see a little bit of a bounceback around 130 when the fed came in with surprise Market Operations. We have the fed ramping up measures to help the markets and liquidity with more than 5 trillion being promised. 1 30, that Center Markets a little higher. That did not last long. You can see how the 10 year yield did manage to pervak some lower,e but it was still around. 8 . The same thing for the u. S. D
Matt stocks and freefall. The s p 500 sees its worst session since 2011 and the fastest stock Market Correction ever. 5 trillion in Global Market cap are erased in a week. Virus fears intensify. Cases and south korea to knock 2000 cases in south korea top 2000. Jp morgan joints citigroup and Goldman Sachs in slashing estimates for u. S. Companies, and crude slumps. Oil set for its worst week since 20 11 as well as opecs secretarygeneral says there is a renewed commitment for joint action. A report says saudi arabia wants producers to agree on additional cuts of one Million Barrels a day. Just under an hour away from what could be a bloody day of trading. Futures that i looked at were the worst since at least 2016 on the stoxx 600. Anna good morning. Is this what fear looks like . Markets down by more than 4 . You will see how much scary looking red there is on that screen. Futures in europe down by more than 4 on the cac, as you can see, and expect them to see significant losses. U. S.
From protesters in hong kong. The u. S. Navy can no longer visit the city. She race to roll out 5g pit the u. S. Against china. We will get telecoms views on rivalries from huawei. Shery breaking news out of south korea. We have the final Third Quarter gdp numbers. Year on year growth of 2 . That is in line with the advanced estimate. Same thing for the quarter on quarter numbers, grown 4. 4 which is the same as the advanced estimate. The year on year number is really staying steady at 2 growth for the past two quarters. We have seen a lot of negative sentiment around the korean economy. A contraction in an investment and a slight slowdown in consumption. The korea government has capex spending so Government Spending has been a kees source of support. Pmiave seen manufacturing recovery for south korea. Still in contraction, but mixed picture when it comes to those export numbers as we continued to see doubledigit declines for south korean exports. Haidi lets get a quick check of how ma
The former fed official draws criticism after suggesting the central bank hold back on stimulus that would help Donald Trumps trade policy and reelection. The president s deadline. Italys political leaders meet today seeking agreements on new government. Failure could mean a new elections as soon as november. Bp exits alaska. They sell their business in the state for 5. 6 billion saying it is no longer a competitive investment. Good morning. Matt good morning. We are looking at bund yields down to 70 basis points right now. Take a look at the threeday trade. Yields continue to follow how lower fall lower and lower. For the most part, futures are pointing to a negative open right now. We have futures down just marginally on dax futures and ftse futures. Futuresowing cac falling more significantly. Anna we look at europe versus the u. S. We will see how that levels itself out. I have a mixed picture coming through in the asian session. A bit weaker over in the chinese markets. The Invest
Omar welcome to daybreak europe. A warmfed took up welcome. If the fed took up dudleys advice, to the boxing ring that donald trump wants to draw the fed toward, which is doing his bidding and contaminating the white house. Farhe big question is how we have gone with the dovish shift and the pricing in the market it would help at the fed walked back the direction its on now without big volatility and without increasing the tightening and financial conditions as well. And of course the whole political separate discussion we will get into within this hour. Manus if they did accelerate the rate at which that shifted gears there, would be driven by politics . Lets talk about the markets. A wonderful phrase that means enough. Have a look at dollaryou want. Its the message from the pboc, they have had enough. Nine days of dropping been consistently time to move the market along. This is the yuan against the basket which reads the lowest level in nearly 15 since 2015. When you got here is the