Im yousef gamal eldin in dubai. Quite the risk on session. Lets get you the state of play. The signals were getting between the u. S. And china are encouraging. S p 500 many futures are higher. Quite a few gains in the european stocks story, as well. Tech and cyclical sectors, including autos, are leading those gains. Fund managers are overweight on 2018, according to the latest bank of america survey. Telling bonds standing out, paring middle of the gains. Treasury study in the United States. Eurodollar at 118. 16. Little upside, weaker dollar story weighing on broader g10 space. At a net long position, the least bullish in three weeks according to the latest data. Lets check in on your bloomberg first word news, will be get you some of the other stories were watching, starting off with president donald trump. He says a coronavirus treatment that involves blood plasma from recovered patients will be expanded to more sick americans. It adds to therapy even before researchers fully unde
Bill gates says the nations testing has mind blowing problems. A mediag Police Arrest tycoon and prodemocracy activist reportedly on allegations of foreign collusion. Nexts in his Media Group Digital slumped. Gone 6 00has just a. M. In london. Good to see you this morning. Names a ceo and president from november. He had previously served as the chief operating officer. He will take over on november 2 he did his first interview, fiveandahalf years, go to your bloomberg 6 returnelivered relative to peers of 6. 4 so a change at the stop on equinor. We will keep an eye on any more detail on that. Rump, turkey, tiktok i am on tiktok. I have sent something out on. Tiktok trump, turkey, tiktok, and trade. Im determined to boost my tiktok numbers. Nejra good morning. Ill add tech because tech lead a decline last week on friday with the confrontation with china being ramped up with the white house. I cant wait to see your tiktok account. Manus it is awful, dreadful. I havent worked it out yet.
Eurozone. The german lender looks to fill its top job as soon as this week in a bid to end a shareholder revolt. 6 00 and in 6 00 a. M. In london. You have not had it so cheap for quite some time. Five year low in dollars. Record no in pounds. , thedity from my friends munificence of Central Banks is gushing in the form of liquidity. It goes back to the old story which is where do you find the velocity, where do we start riskon. He bonkers jp morgan, citigroup, look to the hinterlands of recovery. Good to see you again. Bita Goldman Sachs takes a of a different view in terms of the rest of the year but i still see some growth coming through in 2021. To jp morgans point, they are saying liquidity will lift stock and bond markets and that comes back to the conversation you and i have been having for so long in terms of our these two markets giving us different signals or is it all about the liquidity . Manus which is priced better . Moves they scrapped their bearish call on risk assets a
Despite fears that continue to permit. The bait in the bond market continues. Down five basis points from the 10 year. Out, 47. Ly wiping you will have a lot of paper from banks that lend to producers. We will bring you the latest market moving news from all over the world, from hong kong to washington to new york, our bloomberg voices are on the ground with this morning stop stories. We begin with asia. The death toll is climbing, cases worldwide are above 82,000. Saudi arabia halting religious visits, well japan asks for all schools to shut from march 2. Stephen engle joins us from asia. Stephen it is significant because it is the first time we have had more new confirmed cases outside of china that inside of china. It could be because china has a great, on this or, more sinister, that the virus is spreading faster than the who and others are expecting elsewhere in places like south korea, japan, in the middle east. As you mentioned, saudi arabia does not have confirmed cases, but th
Driven by a weaker dollar. Whereturn to istanbul, bloombergs Turkey Bureau chief is standing by, and chris reiter is in berlin. President erdogan has sounded out again, ahead of the central bank decision. What can we expect today . There is a universal expectation that there will be a cut in Interest Rates later Turkish Central Bank Monetary Policy convene committee convenes. What we dont know is how much. If the decision is in line with estimates, which predict around thet of 150 basis points, rate of return on the turkish lira adjusted for inflation goes down to 1. 9 . Thats a crucial number, still above the average of real return e. M. s, which turkey is considered part of, but below countries that turkey is usually judged against like russia and south africa. We have seen anxiety in turkish markets over the last week. The lira has been weakening to levels not seen in about two months, and the decision at 2 00 p. M. Will determine the Market Reaction later today. Matt more Central B