And the corporate impact come up mastercard and United Airlines are the latest companies to warn that sales profits are getting hurt. Manus welcome to daybreak europe. Hedges. To hedge your the defensive positions traders have put on especially in the bond market are already being shaken to the core. The biggest oneday drop since 2016. . Hat is your hedge, and nejra nejra fish you ask yourself what caused this must don . We saw the biggest move down in global stocks, one of the biggest in 10 years. The gain in Global Equities for 2020 wiped out. That theabout the fact spread for the coronavirus outside china was causing concern, or did equity markets finally wake up to what the bond market was signaling, that that that the 30yearold yield plunging . Manus i think what are the best articles is from Goldman Sachs saying, another 25 basis points down in terms of yield. A really bad surprise would be 35 basis points. My line of choice in the bond story this morning is one punter spend 12wh
Yields down by about eight basis points, once again under 1 for the 10 year. Time now for global exchange. From hong kong to washington to new york, our bloomberg voices are on the ground with this mornings top stories. Want to beginning asia. Total coronavirus cases around the world is now above 95,000. Cases seem to slow in south korea, while switzerland reported its first death. With us now is sophie kamaruddin. Is reporting an increasing number of recovery patients, roughly 62 of those who have been diagnosed who have been discharged from hospitals. The number of fatalities reported wednesday totaling 31, all of which were in hubei province. Jinpings scheduled visit to tokyo has been delayed, and Prime Minister shinzo abe did reveal tighter border controls and japan, including two weeks of quarantine from visitors arriving from china and iran, as well as south korea, where cases have topped 6000, but the daily count has slowed has monday at the country been testing hundreds of thou
To the killing of women by me. I feel welcome to the program. Global stock markets have plunged over fears about a coronavirus and a conflict among major all producing nations a spark to crushing oil prices collapsed 31. 00 and a half percent at the start of trading brant crude now only costs 31. 00 a barrel thats the lowest price since january 991. 00 of the start of the 1st gulf war so this contributed to a collapse in asian stock markets on monday on the leading Stock Exchange in tokyo the nikkei fell by more than 5 percent while the hang seng in hong kong lost almost 4 meanwhile here in germany the dax has tumbled almost 8 percent at the start of trading though it has since recovered a little bit. They believe financial correspondent chelsea delayed joins us from Frankfurt Germany Financial Capital welcome chelsea how nervous are the markets. I think weve really moved beyond nervousness to real fear driven trading one investor described waking up to the markets this morning as as w
Economically is increasing to. A German Company taking measures to shore up business as its china heavy supply chain remains affected by the us. This is the business as in berlin Welcome Global stock markets are starting the week with phenomenal losses they are reacting to a 30 percent drop in the value of crude oil since friday driven by saudi arabias decision to slash its prices germanys leading stock index the dax tumbled more than 7 percent of its open in japan the nikkei lost more than 5 percent during monday trading stocks in south korea shanghai and hong kong all slid by more than 3 percent australia even bigger losses with more than 7 percent wiped off stocks a saudi arabia perhaps in the biggest impact on its equity market shares in. Down 10 percent at the start of trading. Now for a quick look at european markets lets go to. France with. Europe taking the whole thing. European markets are taking this very hard the dax is down almost 9 percent and earlier its parent losses a l
Vonnie gasoline inventories, that showed a build of 3. 3 Million Barrels. Is thaty the headline crude Oil Inventories showed a 1. 1 5wn last week of Million Barrels. It has been a risk off tone. Energy companies are benefiting from the spike in oil prices on both sides of the pond. Decline500 is showing a of 0. 75 . It is following the other indexes lower as well. Analysts showing stocks higher. Some of the Security Companies like Lockheed Martin is up 3. 4 . Guy european stocks are down. They are off their lows. The ftse 100 is now positive. The ftse 100 has lots of oil stocks in it. The dax is underperforming in europe. The aviation sector under pressure today. The bond market is catching a bid, moving six basis points on a german tenyear. Brent crude elevated. You would expect brent to be a little more aggressive of a move in the middle east rather than wti. The ism number today not exactly great, plus this story out of the middle east. Vonnie this will be all of the talk at the Ame