The shares trade lower. Full steam ahead for alstom shares after the french trainmaker says its in talks. Airbus shares hit a onemonth low as they say they deeply regret a u. S. Decision to hike tariffs on europeanmade aircraft. Good morning, everybody. Happy monday the story weve been following the last couple of weeks that has gripped markets and the world, lets talk about coronavirus. Chinese authorities have reported almost 2,000 new cases of coronavirus and 100 new deaths it takes the toll total death toll to almost 1,800 the rise in new cases reverses two days of relative declines over the weekend the 380 american nationals quarantined on the diamond princess cruise ship off the coast of japan disembarked after two weeks. They were put on charter flights returning to the u. S around 40 americans tested positive for the virus and will remain in japan. And europe has seen its first coronavirus fatality after an 08yearold chinese tourist died in france. Egypt also confirmed a case o
We have an exclusive interview. In hong kong the government is again rejecting calls for universal suffrage for the chief executive here. This as anger bubbled back on the streets of hong kong. Shery australian markets have just opened to trade. Lets turn to sophie for a check of what she is watching. Sophie we are seeing stocks gaining ground,. 1 with the stock market looking overheated and valuations and records. The latest, investors buying into the aussie stock rally. Environmental risk around the earnings estimates. Futures looking mixed. It is opening slightly lower, this nikkei futures under pressure ahead of japanese industrial output we will get later this morning along with taiwanese export numbers and jobless figures from hong kong. We are seeing new york crude. 1 , asground over investors consider the potential impact from the auction health in libya and iraq. Said this is a policy delay disruption and there could be a quick turnaround if there is a political solution. Liby
And taiwan. You have elections coming up. Keep your eye on that. We are either flat or slightly higher. Safe havens, looking at dollaryen above the below the 200 day moving average. You are looking at oil pushing towards session highs, new york 1. 6 to the upside. In case you missed it, breaking news out of iraq, the top iranian commander was killed in a u. S. Airstrike with reports in the last 30 minutes or so. Thena lets get more on markets. David was just mentioning this news about the commander being killed in baghdad. What does it mean . What are you watching her . I think it means we will have geopolitical tensions coming back in the new year. The s p 500 in reversing earlier gains, and the yen is being beat up. But i dont think this is going to last. I think after the dust has settled and the markets continue to focus on the fundamental improvement, this liquidity part can still continue after china with liquiditya banks. An era for the emerging markets. Same macro theme. It wil
500 infotech index up 48 , and the energy index was the least best performer. It still was up, though, which tells you how much these markets were looking for good news. The second best performer, Consumer Discretionary in the s p 500. That includes home depot to amazon, ebay, even general motors, so really across the board, it was a good year. For more on the markets more broadly, we are joined by ing head ofvey, global debt and rate strategy. We widened the curve with a bit of steepening going on. To what do you attribute that . Been a really interesting move. We were inverted six months ago. Happened is the fed has cut 75 basis points. Theyve injected a mountain of liquidity into the system, and theres been a real change in sentiment in the sense that six months ago, we were genuinely concerned about a recession in the u. S. Next year. Have beenerns significantly downsized. Theres still trimming this uncertainty, and we so have a very flat curve. If you look at the twostens, it is n
Southeast asia, gdp out of fullyear growth for 2019, philippines not playing ball the first trading session and dollaryen, gold, oil and treasury futures looming, looking at where we go moving forward as well. Dollaryen 108. 66 and gold futures pulling back slightly, by a futures contract. That is the markets. Uneventful. Here is the first word news. Kim jongun says he is no longer bound by a pledge not to willmissile tests and debut a new weapon. He says u. S. Sanctions leave him no choice but to reconsider commitments that underpinned his meetings with President Trump. Trumps reaction was muted, repeating that kim agreed to denuclearize. Hong kong kicked off the new year with renewed protests, vandalism and tear gas. Demonstrators and Police Clashed into the night after tens of thousands of mostly Peaceful Protesters took part in a march. Protesters vowed to maintain their fight for more democracy and less chinese control. Willdent trump says he finalize the first phase of a trade de