To end the wildlife trade why of the chinese officials are stepping into the market. The best occasion is to be held in to how the world has responded to corona virus says the number of infections approaches 5000000 the World Health Organizations 194 Member States of voted unanimously for an independent and impartial inquiry including an examination of its role the move has been welcomed by the director general who said that it wanted accountability more than anyone. The u. N. Bodies being under attack from the u. S. Which is accused of being too close to china president toms threaten to cut all funding unless there is what he calls substantive improvements within the next 30 days but his demands are also under fire from washington d. C. Mike hanna reports. President trump arrives on capitol hill for a meeting with Senate Republicans continuing to flow out his administrations own guidelines by not wearing a mask in public and lashing out at the speaker of the House Democrat nancy pelos
Equity markets are up and bonds are down. The market is functioning from that point of view. Vonnie we have not much concrete to go on for equities expect except the promise we will get a stimulus built in the next few hours. Everything that has been dropping his rallying and everything that has been rallying seems to be dropping. By that i mean the grocers. The s p 500 is up a whopping 8 . We will see if we get a successful vote in that few hours, if there is even more room for u. S. Equities. Again, we have a search for the u. S. 10 year yield, although that has been trading in a range, if you could call 15 basis points a range. The vix is slightly higher in the session, down three points itself. The dollar index is seeing a little bit of relief after sessions and sessions of strength with a voracious appetite for the u. S. Dollars finally abating or maybe some people taking advantage to take a little bit of profit. Insight asget more to where these markets are and potentially where
Countries. We are continuing to see the corporate fallout, we will get more details on airlines. Delta saying it is suspending u. S. To china flying routes through april 30. Asked theirsoft staff to work from home. Amazon as well. The longer it takes to test anybody, the greater the risk they will be spreading the disease. Mike pence saying most cases are mild and they have flulike symptoms. Compared to the tests the u. S. Have carried out, 2000 by the end of last week, compared to 140,000 in south korea. In the u. S. We are seeing 11. Lities rising to this is having a concerning impact on the markets. Lets get to the Market Action. Speaks,president pence we see markets accelerating losses. Now trading at the lowest level since september. The chinese equity come back facing a roadblock. Seng headedg hang for its lowest level of 2020, and s p 500 futures extending the trading session losses, closing down 3. 4 , now off 0. 8 . Earlier futures were moving higher as much as 0. 7 , so quite
We have seen action from the pboc already. They have cut their mlf rate. We are also headed towards the loan prime rate announcement this thursday. All eyes on what the easing measures could look like. Lets look at the Market Action now with sarah ponczek. Sarah it is a mixed picture across the asiapacific region, but it is really just tip japan after the weaker than expected gdp, donna bowen. 7 but well off lows of the session. At one point the nikkei was down 1. 5 . Making its way back to positive territory but still seeing steep declines. Mainland stocks and hong kong stocks continuing to see upside after strong returns last week. Now making up all the postLunar New Year losses. And hong kong hang seng up. 6 . U. S. Futures extending gains after closing at a record on friday. But remember, u. S. Markets will be closed for the president s day holiday on monday. One index i want to show you is the ms ci all country world index, one that houses emerging and developed market stocks. Giv
Says carlos ghosn left the country by illegal means. Theformal nice former nissan boss is expected to give a press conference this wednesday. Yousef it is 8 00 a. M. Across the emirates. This is Bloomberg Markets middle east. Are talking about those geopolitical jitters currently running through markets, so lets take a look at where gold is trading this morning. Gold trading at the highest level in about six years, with Goldman Sachs suggesting that shiny metal will be a better hedge against geopolitical risk than crude oil. Goldman sticking to its forecast for 1600 announced, but with risk for prices to the upside. Gold building off of what was a stellar year, up Something Like 18 in 2019. That is the biggest annual jump in over a decade. Changes the dollar, the dollar also strengthening off the back of that safe haven appetite. Yousef crude oil is extending its surge from friday. We are at threemonth month highs for wti and brent. You have the fallout between the u. S. And iran escal