Underperforms. U. S. Energy tells cnbc he thinks the worst has passed i think with the rest of this conversation with opec was sim simply to do that. A bailout of the air sector fails to lift. Banks also underperform after jp morgan and wells fargo see their bottom lines hit the imf warns the Global Economy is facing the worst down turn saying at least the Financial System is in Better Health than it was in the 1930s. On the economic front, it makes a big difference there are lenders of last resort they are able to come in and show sufficient liquidity and play a major role in supporting funds and households we have an Important Oil report just crossing let me walk you through the latest it has said Global Oil Demand will fall by a record breaking amount because of the lockdowns due to covid19. It has brought mobility almost to a halt. Crude will drop an average of 9. 3 Million Barrels a day in 2020 that is a record demapped in april will fall by 29 Million Barrels a day to a level not
After the storm, global stocks stabilized after the worst selloff since the financial crisis. U. S. Equity futures rise. President trump says he will seek substantial relief for industries. Italy, though, in lockdown. A ban on travel and Assembly Goes nationwide. The who says the threat of a pandemic is very real. Crude gets back some of its losses after the biggest drop in three decades inspires decades. , after theaudi oil kingdom cut prices. Getting in there, looking at the cheap stuff. Do you see there anywhere else in the market . What does the gmm look like . Anna getting in and looking for the cheap stuff, emerging markets, rebounding rescan assets risk assets. Msci asian markets. In fx markets, the big move is around again. Gainrday, we saw the yen coming yesterday, we saw yen selling. The moves into havens yesterday a little overdone. Im seeing some kind of stabilization. How long will that last . We see yields going up a little bit. Some of that move into havens being unwound
Nejra welcome to daybreak europe. If you are getting ready to kick off new years eve celebrations, were not seeing a lot of that in risk assets today. Quite a number of markets, bear in mind, are close today, including japan. We dont have the cash treasury trade either. A little bit of red on the screen. U. S. Futures perhaps pointing to a stronger open. A stellar year for Global Equities in general, the best year since 2009 the best year since. Fx, a fourth down day for the bloomberg dollar index, all the g10 currencies gaining against the greenback. Dollaryen, seeing yen strength at 108. 69. Euro near a 12month high. Butslipping a little today oil is heading for its best year since 2016. In china, a little optimism, even though it may not lift the market. The gauge of chinas Manufacturing Sector held steady in december, evidence the worlds secondlargest economy is stabilizing. The outlook for new export orders expanded for the First Time Since may 2018. On the trade front, deleting w
Irans generals. VowSupreme Leader retaliation. Equities dip read u. S. Futures hardest hit, pointing to big losses at the start of trading. Golden touch a fourmonth high as investors flee to safety. Just under an hour away from the trading insh equity europe. We dont have the big drops now we are starting to an european futures that we do in u. S. Futures. Ramping up bigger and bigger losses. Ftse, only half of the sarah down only 0. 5 down. That is like the u. S. If you take a look at s p and nasdaq futures, you are going to see substantial losses. Dow futures down almost 2. 5 0. 25 . Interesting the way we have not seen asian equity markets showing up. The overall level of flights to safety. Money going into old. Gold. Around disruptions commodities expected. We have not seen equity markets selling off wholesale. We have some inflation data out of turkey. Iskey is one market that underperforming. We will speak to colleagues about why it is the European Equity market in terms of the f
Amidboc trims the rrr suspendedey have plans for the shanghailondon stock connect. Kim jongun says he will soon , adding to weapon trumps Foreign Policy concerns as we enter the election year. Carlos ghosns theories about how hes keep from japan with lebanon saying he thought he was released one week before he sled tokyo. Fled to tokyo. Under one hour away until the start of cash equity trading in europe. Futureske a look at how are opening. Down will dax futures futures on other european indexes are rising. Closed on the dax was the new years eve holiday. So playing a little bit of catchup. In terms of u. S. Stocks, futures are up decisively. Nasdaq futures are rising more than. 4 . Looks like you could see decent gains in the u. S. Anna, happy new year to you. What do you see on the gmm . Anna happy new year to you. A little bit of impact from the announcement that cut the announcement for chinese banks. Yuan not moving all that far. Broadly speaking, the picture is mixed. The rest o