Milan has seen a slowdown in new cases as wuhan prepares to lift its lockdown. Nejra welcome to daybreak europe. We have a lockdown in the u. K. The wuhan lockdown taken for the First Time Since january 23, and the fed pulls out all the stops, extending its Corporate Lending program. The fiscal stimulus package from the u. S. The movement from the fed brings a little life back to risk assets, some green on the screen in u. S. And european futures. We see gold extending gains. Goldman sachs says theres an Inflection Point after the selloff, and it is time to maybe move into gold. They are talking about the move from the fed easing the liquidity crisis that caused the selloff in the first place. Oil rising as well. The u. K. Is in lockdown after Prime Minister Boris Johnson ordered sweeping measures to stop people leaving their homes for at least three weeks. Police will break up gatherings and have the power to fine individuals who break the new laws. I must give the british people a ve
The u. K. In lockdown. Boris johnson ordering sweeping measures to stop people leaving home while President Trump holds off saying the u. S. Is not built to be shut down. And germany stands ready to help italy get through the pandemic. Slow as wuhanilan is ready to lift its lockdown entirely. Just under an hour away from cash equity trading. Let us take a look first at futures. We are seeing gains after asian markets rose. Ftse and dax futures each up more than 4 . We are also seeing gains in u. S. Futures. After drops there as well yesterday, we see green arrows of across the dow and the s p as well as the nasdaq. More than 4 are the futures gains there as well. Visit with Mark Cranfield. Watch walk us through the fed measures. Mark some people are calling it an alphabet soup of measures. They are doing everything from commercial paper through treasury bonds. Every part of the yield curve. All different kinds of assets. Anything with an interest rate. They are going down as far as try
To back the bell and set to publish their own support program. Force johnson orders the u. K. Into a three weeks lockdown, sweeping new laws to breakup gatherings and fine any dissenters. Taylor meantime, i want to bring you some breaking news coming out of china. Their companies are having the worst quarter on record, according to china. The headline as it catches my eye, the economy has not gotten better as much as we thought they would be returning to work. It looks for the first three months of this year, a Quarterly Survey of all the firms, it looks like every individual sector was reporting worse results than originally thought. Saleswas a widespread in amid the harder hit retail sectors. The collapse in revenue and profit. Again, Economic Activity collapsed in february. This is as we knew that there was the massive virus spread that was going on. I think the key headline is Chinese Companies continuing to have the worst quarter on record. Every individual sector reporting worst
Market is expecting . President trump delays his latest tariff hike on china by two weeks, and bloomberg learns that asian could allow companies goods. Importing farm and come a ab inbev is said to be looking to raise 5 billion for its unit in hong kong. Less than half an hour to go until the start of a european trade. Good morning and welcome. Lets look at futures and where they are heading this morning. Riskon seems to be the scene this morning. No surprise when he see what is happening in asia when you coider the symbol losing from what we are seeing on trade right now between the u. S. And china. No surprise are seeing some moves higher indoeuropean features. The screen shows us the moves that are outside our normal trading standards. We the equity story on the left side. Looks a little mixed, but positive for the markets in the asian session. Chinese markets of the more than 1 . We have seen it in the two tariffs by the u. S. , our colleagues have also brought up a move that china
Surveillance. I am Francine Lacqua. These are your markets. A lot of these european stocks higher at the opening. Now they are down a touch. Lets call it flat. I am looking at oil. A lot of the picture is contingent surrounding iran so you see a little bit of a lift up for american crude. What is going on with these european markets and you are seeing it reflected in yen. Yen is the one story that is the haven. Any risk attitude is reflected on yen. European stocks, a lot of investors are looking at these amounting into political risks. Ifore getting some figures. The german index, 97. 4. We get up around we get the with hernan a cristerna. Lets get to the bloomberg first word news in new york city. The drumbeat for Federal Reserve rate cut is getting louder. Minneapolis fed president says he called for a reduction at last weeks meeting. These comments reinforcing expectations the central bank is on course to cut rates. Trump says he would be able to demote fed chairman if he wanted to