No to violence no to bloodshed yes to think. Less. More like. Again listen we all want to if you. Have to be acceptable people point to ration before they were broke down to no you know society because its been more acceptable there is a real risk undermining faith in the fractionation system. And i think governments are under such pressure to introduce a bank she practically. The willingness to consult and to ensure acceptability or somehow a new road to. This is boom bust the one business show you cant afford to miss fairmont to stay open washington coming up United Kingdom starts a major trade agreement with the worlds 3rd largest economy but details of its 1st post that deal will they remain unclear if any republicans failed stimulus this week will take a look at the profit to market them politics but arties. We have a lot to get to get started. The United Kingdom just clenched its 1st major postbag to deal with the worlds 3rd largest economy well the agreement with japan is a big
Coming up the United Kingdom start a major trade agreement with the worlds 3rd largest economy but details of its 1st post that deal will they remain unclear some republicans failed stimulus this week take a look at the profit in the market then politics but arties. We have a lot to get started. The United Kingdom just clenched its 1st major postbag to deal with the worlds 3rd largest economy well the agreement with japan is a big one for the u. K. Japanese foreign minister confirm the agreement was reached in principle. At 4 pm i had an Online Meeting with International Trade secretary liz truss and we have reached agreement on comprehensive Economic Partnership between japan and the u. K. In principle. In a press release britains trade department stated the deal is expected to increase trade between the 2. Countries by 15200000000. 00 euros while u. K. Businesses will benefit from tariff free trade on 99 percent of exports to japan well the deal still needs approval by Japans Parliam
Go higher. The crash stride an hour away. Lets get your top headlines off the bloomberg terminal. China p. M. I. Data Beat Estimates but it is a mixed picture for asian stocks and u. S. Futures turned in the case negative. The w. H. O. Said the coronavirus outbreak in europe may be approaching its peak but across the atlantic new york city reports a 16 increase in deaths in just six hours. Plus lenders from howards bank to unicredit halts dividends at the request of the b. B. C. Well speak with the chair to have Advisory Board in just over an hour. We do see futures positive here. Certainly in germany. 3 4 of a percent. Up on the dax futures. U. S. Futures we pointed out are down right now. Of course that can change. Volatility is the name of the game these days but we see a little bit of a split in terms over the risk indicators. Anna, what do you see from your g. M. M. . Anna before get to that, lets get to breaking news. We have numbers coming through from shell. They are talking oo
22. 11. Amazing. Vonnie isnt it just . In the u. S. , we saw a bit of a fluctuating session overnight. Futures is rebalancing, and lots of movement into equities, where there had been selling earlier in the month. Primarily, Health Care Companies and all of those Companies Whose ceos appeared with President Trump in the rose garden are leading the market higher. Deller index the dollar index at 99. 15. Guy lets get more insight on what is happening today and what can happen next. Joining us on the phone from london, Morgan Stanley chief cross asset strategist andrew sheets. Jp morgan thinks the lows are in for stocks. Goldman sachs isnt quite so sure. What do you think it Morgan Stanley . Likely we do think it is that we saw the lows on march 23. I think certainly, some level of a retest is possible as you get through tuesday, some of those monthend flows are going to go away. The Economic Data is still going to be bad. Case trajectory in the u. S. Still looks bad. Case we certainly so
Risk assets take a beating. U. S. Stock features plummet limit dad down amid a selloff. Europe points to more losses and Oil Nosedives below 30 in new york as an opec plus breakdown see saudi arabia prices saudi arabia slash prices. The entire Treasury Curve sits below 1 for the first time in history. The yen surges the highest level in three years and gold briefly tops 1700 an ounce. Billion in counting. That is how much governments have pledged to pump into the Global Economy to combat the coronavirus. But is it enough, the current market verdict is absolutely not. Awaye just under an hour from the start of cash equity trading in europe and u. K. Lets take a look at futures. A sea of red everywhere you look for risk assets. Seene personally never futures this low. Of course i was not here for the financial crisis, but we have more than 6 drop across the board. Features down seven and a quarter percent. Drops inmassive futures. Said,o see futures, as i limit down in the u. S. They bum