In services, we saw our first contraction, and that has put jitters into the market, not least of which, into the treasury market. We saw the 30 year yield hit a record low190 1. 90 and change. Guy this is what is happening in europe. Stocks are down. You are seeing around the world. The fear is definitely there when it comes to what is happening with the coronavirus. The data out of united states. Has comen tenyear back to unchanged right now. We are seeing a bigger reaction on the u. S. Curve, but curves are flattening, and that is a factor. The pmi data in europe was actually ok today. What you have seen as a result is the u. S. Pmi data has been a significant squeeze in eurodollar. Onedollar now trading at 1. 0854ight cents at now. Vonnie lets get to bloombergs Sophie Kamaruddin. She joins us from hong kong. What is the latest . What are authorities telling their citizens . Sophie we saw some revisions upward. Hubei province upping its count for the past two days, increasing confir
Sift through some contracting data, trying to figure out the impact of the coronavirus. The stoxx 600 for to much flat. U. S. 10 year yield kind of Holding Steady and we look at europe as we are having quite a lot of data today. Germany not as bad as it could have been but we are expecting gdp for the eurozone as a whole. Coming up, we speak with the cleveland fed president. That is an exclusive interview at 5 30 p. M. U. K. Time. Thats get to the first word news in new york city. Viviana we begin with a chinese province of the epicenter of the coronavirus outbreak. It has reported almost 5000 more cases. Confirming the nearly 15,000 reported yesterday which appears to be a oneoff situation due to a new method of counting infections. Chinas revisions to the data is making it more difficult to gauge the true scope of the outbreak. The death toll was lowered by more than 100 to account for double counting. It is right now at 1380. Here in the u. S. , one of Donald Trumps most trusted cap
Nejra we wake up to retaliation from iran. We hear that this isnt war. Here are some of the market moves. Brent paring some of those gains. Gold strongly bid. Still firmly bid on that safe haven. Dollaryen as well trading a bit to the downside. We are coming off the highs for the yen. We switch the board and take a look at the 10 year treasury yields. We saw quite a precipitous drop at one point in the Asian Session, down 11 basis points. The 10 year treasury yield has actually dropped to below a trend line we have seen since september. We see asian equities on the back foot as well, but generally, equities paring some of the losses. After iran has said that this is the way,also, by volatility was created by the news of the boeing crash. When we got the technical issue headlines, we saw the market stabilize a little bit. A lot to digest. Iran retaliation. Iran has fired rockets at two iraqi airbases housing u. S. Troops in response to the killing of the general. Irans revolutionary gua
Thanksa list yesterday to amazon packages. Yesterday was a key point for the nasdaq at 9000 word we also have a record high. 9000. We also have a record high with apple. A good litmus test when it comes to risk. Ecb Commission President that they may be having to have an extension for the transition. Itiing up, we speak to the c chief u. S. Economist and get his outlook for 2020. Lets get straight to first word news in new york city. Israel wheren Benjamin Netanyahu fought off challenges to his leadership. He won a landslide in the race to lead his party. He will lead it into israels third election. It comes amidst an election scandal for the Prime Minister. He has recently been indicted on charges of bribery and fraud. The transition for the u. K. s exit may need to be extended, according to ursula von the lion. According to ursula. She says the plan to secure a trade deal by the end of 2020 is optimistic. And a false alarm japans estate broadcaster, who mistakenly issued at alert say
Nejra welcome to daybreak europe. A fourth day of green on the screen for asian equities. Donald trump has talked about being in the final throes of coming to a phase one deal. A mixed picture below the surface. We are seeing a weakness in chinese equities, after the biggest drop on industrial profits on record. The u. S. Benchmark hit record. The fx, the aussie is the underperformer in g10. A two rate cut call for the rba. Some poll showed yesterday that the conservatives are narrowing their lead over labour. Oil slightly off on the back inventories. On donald trump says the u. S. Is in the final throes of a trade agreement with china signaling progress on a deal that has been years. Works for two but in a interview with the fox news host, trump said he is holding up the trade deal to ensure better terms for the u. S. Joining us is Patrick Armstrong. We keep hearing records on all u. S. Benchmarks, does it surprise you . Patrick it is a narrative that that is why we are hitting new fe