Covid19 throws the banks. It will be harder to hit that in 2020 we see the beginning of a Global Economic impact. Wpp shares plunge after the british media group plunge from a sales slow down and warns that 2020 will be flat despite the Company Delivering a solid set of numbers cfo tells me they are monitoring the situation in china with coronavirus. We dont see a slow down. We see a postponing or delays. We dont see a slow down in growth in china compared to 2019 urs futures pointing to a sharp open a california resident has contracted covid but does not know how the patient constituted. This could be the first time persontoperson transmission occurred in united states. For the first time, more new cases were reported outside china than inside. Norway, pakistan, italy and koran. Croatia, spain and barach also reported new cases looking at the stoxx 600 essentially flat the main benchmark now 1. 8 lower. 2. 2 investors pairing back losses and introducing more stabilization. The number
Coronavirus cases climb, worries as the number of u. S. Cases increases without links to and outbreak. Joins apple and hp in scrapping its outlook on the virus. Standard chartereds cfo tells bloomberg it is too soon to say how bad it will be. Quit, factors will probably come through in march and beyond. The uncertainty at the moment is which markets is in which markets it will affect things. Matt europe on other. Matteo salvini tells bloomberg the Prime Minister is underestimating the threat. We are live in rome as Giuseppe Conte meets Frances Emmanuel macron today. We take a look at futures. They are a little worse in the is. Compared to well, no, stand corrected. They have dropped much more now in europe. Its rare you see a move in this order. Percent. Res down 1. 7 u. S. Futures have recovered a bit. They are down less than 1 across the three major indexes, although just slightly in terms of the nasdaq, down almost 1 . And more risk off news anna, do you see more risk off news on th
Despite fears that continue to permit. The bait in the bond market continues. Down five basis points from the 10 year. Out, 47. Ly wiping you will have a lot of paper from banks that lend to producers. We will bring you the latest market moving news from all over the world, from hong kong to washington to new york, our bloomberg voices are on the ground with this morning stop stories. We begin with asia. The death toll is climbing, cases worldwide are above 82,000. Saudi arabia halting religious visits, well japan asks for all schools to shut from march 2. Stephen engle joins us from asia. Stephen it is significant because it is the first time we have had more new confirmed cases outside of china that inside of china. It could be because china has a great, on this or, more sinister, that the virus is spreading faster than the who and others are expecting elsewhere in places like south korea, japan, in the middle east. As you mentioned, saudi arabia does not have confirmed cases, but th
This is bloomberg surveillance. These are what the markets are doing. U. S. Stocks and bonds closed today too today due to president s day. We are edging up a bit with buoyancy on the market on the backs of investors taking encouragement from china. They will do more to support their economy which is why we in gold down and yen down. That is a good litmus that we are on a risk on. Spoke the yousef managing director of the imf about the outlook on the Global Economy and the active the coronavirus. All hear from the interview early. First, let leanne erin. Leanne japan is it possible for sex after taking another battery the sales tax hike in the last and that economy at the low end as the coronavirus it activity drunk 6. 3 in the final three months of the year. That would be the biggest slide since the previous tax increase in 2014. Tensions between the u. S. And europe over huawei ramped up another notch this weekend. The u. S. Ambassador to germany tweeted a warning to countries that u
Markets are not going anywhere, the european stocks are flat, the pound is flat against the u. S. Dollar, this despite some week inflation today and another member of the bank of england coming out and talking about a rate cut coming from the bank. The expectation that we will get another cut is growing. The ruble as well, we saw some movement. The Prime Minister will be stepping down with a lot of questions surrounding why, and what that means for president Vladimir Putins future. Everyone is waiting to see that trade deal get signed. Vonnie lets stay there, a president assad to sign President Trump is set to sign the phase one trade deal in the tower. The agreement would lead leave significant tariffs in place and would punish beijing for failing to deliver on key pledges like currency, and intellectual property. Steve mnuchin spoke about the issue of future tariff rollbacks earlier today. As part of phase two, there will be tariff reductions as part of that. Thats the incentive for