Matt the coronavirus spreads stateside. New cases across the u. S. Including in new york city. President trump meets with pharma executive today as the global death toll passes 3000. The fed is in play. Policymakers stand ready to cut rates but doubted they can fully offset the virus in fact. Goldman sachs sees a 50 basis point reduction this month. Berlin reports its first case of the coronavirus. Italy seeks a wider deficit to pay for emergency economic measures as cases soar. We are under an hour away from cash trading in europe. You are getting 1 to 2 gains in futures, the ftse futures up. This is after the biggest route we have seen, we saw last week since 2008 for the broader stoxx 600 european index. Getting gains in the preachers in the u. S. Are not as sharp but we are 7. 5 hours away from the start of trading there. The nasdaq, down, many contracts rising this morning. What are you seeing . Money going into risk assets. That is the theme through the Asian Session and markets
And infections surge around the world with outbreaks and 65 countries. Withe a 50 jump in cases 34 people know dead. Well, what a day. Take a look at markets right now. Lets start with bonds. Were going to take a look at the aussie three year, hitting a record low at. 35 . The aussie 10 year, pretty weak. The new zealand 10 year also slipping. Were seeing yields on bonds falling to levels previously unseen. Barrel. Ude 49 a wti is below 45 a barrel. Lets check in on currencies. Dollargot the kiwi trading like this. Coming in betterthanexpected , 2. 6 . But this predates the coronaVirus Outbreak. Weve seen exports rise in new zealand to 1. 7 . The yen was a big mover, strengthening 3 against the u. S. Dollar. That trend looking to continue. A 54ussie dollar has handle, and that happened after we got those absolutely shocking pmi numbers out of china for february. So, hows that setting us up for Equities Trading around the region today . New zealand up and running and off 3. 2 . We have
David welcome to journal editorial report, im david asman in for paul gigot. First of all, with israel it is 10 p. M. Where just moments ago Prime Minister Benjamin Netanyahu promised to abillionish the evil abolish the evil of hamas and said the ongoing ground operation in gaza is the second stage of the war. Infantry and Armored Vehicles have moved in backed by massive strikes from the air and the sea including the bombing of hamas tunnels which is a key target in this campaign to crush the terror group once and for all following its brutal ea attack the on israel three weeks ago today. Lets go straight to southern israel where foxs Trey Yingst Is Standing by. Trey, its all yours. Reporter yeah, david, good afternoon. We are here along the israelgaza border. You can hear those thuds mt. Distance, both israeli artillery and tank units that are working at this hour hammering the northern part of the strip. Airstrikes targeted a number of different positions tonight, and we do know Isra
Tom it is a mugshot of in yield and it is very technically elegant. Dean curnutt to start is strong in the 6 00. He will talk about that. A massive correlation in currency markets. Jonathan yields of, dollar stronger . Tom dollar stronger but it is the way the dollar is stronger. Maybe the japanese are fighting to keep the yen off of 1. 50. The answer is markets are moving. Tom can this equity markets jonathan can this equity market lived with it . Equities could work in a hybrid environment. The s p 500 returned 15 every year from 1985 to 2005. When will rates were 2. 5 , can we live with these rates . Lisa this is a key question. You are saying an increasing number of analysts come out and capitulate, whether it is Morgan Stanley or goldman sachs. Yesterday, tech stocks outperformed. Where is it going to hurt . It is counterintuitive. Jonathan manufacturing is getting better, not worse. Payrolls on friday. Tom the numbers are getting better. Lisa on one hand you could say you are see
Tube then known as the holy twins. Video. With more of. The culture people food traditions their subjects are diverse their mood always positive a dedication to making the world a better place. And considering how depressing life is here it could come across as naive or as propaganda for the radical Islamist Group hamas which until now has governed the territory but that would miss the point entirely asma and sarge are well aware how hopeless life can feel on the poverty stricken strip of coast. And how much it can stink literally the local electricity crisis means surge here flows directly into the sea. Being. Twenty years. Without living. Like i had enough. Was you yourself. Thirsting for us for yourself first and then and thats. How our you do was standing for that thing. You want to. Go on for whatever. That dream is to ride along the beach. What might seem simple is a pretty crazy idea for women and girls as macho islamist society. And such are studying architecture their father i