Nuclear reactor shutdown, feeling the pressure. Electronics, the heaviest weighted stock in the ospi, gaining as shareholders me today. New zealand, a rate cut keeprday, failing to stocks gaining at the moment. That they take a look at the pboc raised the daily fixing rate the most in four months. We are seeing the currency gaining to 10 of 1 , also seeing offshore yuan higher. Let me take you through the euro as well, some interesting moves there after the ecb release that jumplus package, a big after mario draghi said he was anticipating normal rate cuts. Stilld right, markets feeling it after the ecbs stimulus package failed to boost confidence, moving rates into subzero territory, trying to reassure his guardians that he has ammunition to flight low rowth. Ion and we g as people observed, he was wearing his blue whateverittakes tie. Majors,s all three expansion of the qe program by billion per month, also by scope, including Corporate Bonds as well. That was a shock. A series of ta
Kuroda versus draghi. The pboc hikes its yuan reference rate. Global equities continue to track the chinese currency. We will track that correlation. A nice charts. That will be coming up later. In the battle of the charts which i feel fairly confident about this morning. This move by draghi is significant. He says that channel is not working and we will try something different. Not it is clear he does have that much effect on the currency other than moving it out. The euro holding its strength. What will that do for the banks . Will that be their lifeline. We have a lot to discuss this morning. Some of this will be reaction to draghi and what he did and what he will plan to do next. Guy we will kick that around. Some great conversations coming up. We less than half an hour away in the European Equity market. I bring you a new function. Thatis a first thing bloomberg customers should look at first thing in the morning. It is ais a board heat map on steroids. This is showing you the mov
From london. Im francine lacqua. We are getting news from the i. E. A. Theyre talking about supply and demand and the price of oil. They think price of oil may have bottomed. It was only a couple weeks ago we heard russia and saudi arabia agreeing that they will not put siad they would not add production. Opec output has fallen. They say, the headline out of this is that the oil price, they believe, may have bottomed as high cost producers have been shut out of the markets. Lets check in on the markets. Its all to do with what draghi said yesterday. Banks leading the charge. The european stocks still retain some of their strength, 17 . 7 . That crude is still a little bit higher for brent. I. E. A. Saying that Oil Prices May have bottomed. Lets get straight to bloomberg first word news. Yuan has henshore raced its decline for the year after the central bank raised its reference rate by the most in four months. The australian and new Zealand Banking Group putting it down to and dollar d
With the stimulus package. If you look at eurodollar, it shows the angst they had. Tom i thought olivier borchard was brilliant, and what a bombshell. My word for the day is horizon. Mario draghi said we will go out beyond the horizon he was poetic. Toncine but when it came rates maybe he was less poetic. Lets get straight to the bloomberg first word news. Nejra the latest republican president ial debate was missing something a namecalling and anger of the previous showdown. Front runner donald trump embrace the idea of party unity. I think, frankly, the republican establishment, or whatever you want to call it, should embrace what is happening. We are having millions of extra people join. We are going to beat the democrats. We are going to beat hillary or whoever it may be, and we are going to beat them soundly. Nejra trump is favored to win primaries next tuesday in florida and ohio. He is getting a surprise boost. Ben carson is expected to endorse him sometime today; meanwhile, ted
Welcome to countdown, i am anna edwards. Perspectiveings in for you. Storyl start with the ecb and the impact we saw in the currency markets. The euro. Over three days. It shows you the volatility, the price swings we saw. A raft of measures to stimulate the european economy, the europe the euro zone economy. It took less than 19 minutes for verse all itse declines. On some other risk assets. Weve got german two year yields, a volatile session around the press conference. 0. 4 . Ng the day at oil, up by 2. 3 . 38 and on. 71. Asia, positive territory. Up 0. 7 on the asiapacific index. Increasing the chinese currency by the most in four months. Leading to more risktaking in the asian session. Dollar on thessie screen, highest level since july. Lets get Bloomberg News with nejra. Nejra if we turn our attention rate is the negative the most likely tool for any expansion of stimulus. Shopped markets with a negative rate policy, which charges Financial Institutions to keep their reserves at