Day. Thet issues and trade, ongoing battle between the u. S. And potential cyber warfare. Here in california. A lot of people commute. It is a feeling our colleagues in asia have been living with for weeks. How are markets opening up over there . Paul some unambiguous signals. New zealand has been open for an 2. 5 , aready off by move down of similar magnitude for futures in australia. 4. 5 , theures are off kospi weaker as well. We continue to see strength in the japanese yen. A lot of data coming out of japan today, retail sales, tokyo cpi, both of those contracting, even before the coronavirus outbreak. Take a look at the yields, big move down. Of at a fresh record low. 83. Global stocks plunging to fourmonth lows, u. S. Equities falling the most since august 2011 as anxiety over the coronavirus deepens. Lets get to Abigail Doolittle in new york. A lot of red. And id be on the close. Averages all down more than 4 , there was a rebound rally attempt. Turned briefly higher, but that i
Rushing towards us over the hill, and basically, every minute it was probably another kilometre closer. Eventually, it just hit probably another kilometre closer. Eventually, itjust hit our fence and we were there at the house. The government approves the takeover of uk defence and aerospace specialist cobham by an American Company. A man who confronted the fishermongers hall attacker with a narwal tusk describes his deep hurt that he couldnt save the two people who died. Prince philip spends the night in hospital in london, to be treated for whats being described as a pre existing condition. And coming up in half an hour, lucy hedges rounds up some of the travel shows best adventures from 2019. Good morning and welcome to bbc news. Emergency services in austrialia have described conditions as catastrophic as hundreds of fires burn across the country, threatening every major city. Firefighters in New South Wales issued the highest possible warning, telling some people its now too late
The other big central bank today, talking about the ecb in a moment, turkeys benchmark , in cut 425 basis points line with president erdogans plan for the country. He lira is stable guy amazing. Getcut 425 basis points and your currency going in exactly the opposite direction. Lets talk about the ecb. This is maybe not the reaction mario draghi would have wanted. Initially, yields went down. He says inflation, we are really worried about it. Someone asks, why didnt you do anything this time around . He says we didnt even talk about doing anything this time. Yields go exactly the opposite direction. We are 41. An amazing day in terms of bond Market Action in europe. Lets take a look at other assets as we continue to focus on this story. Eurodollar trading higher. Again, not what draghi would have wanted. Thanks stocks have gone up because there was an expectation that next time we will see some structure. Ring that is really worrying for the snb in switzerland. Vonnie lets get to some a
Substantially lower than that. Exactly, bryan. When we are looking at Asset Allocation longterm particularly for plans that dont have as mat tour portfolio as you do. You run an efficient frontty which is a mathematical calculation of determining the best mix of assets at each level of risk, the optimum returning portfolio. If you assume that private equity volatility was significantly lower than public markets, you would put your money in private equity. From a long term projection standpoint, we put in what is a economic risk. Now the reality if you said what do i think your portfolio will actually do, you dont experience economic volatility in private equity through time because you have valuation processes as we have seen that are lagged and reduce that volatility. We have a separate volatility forecast. This is economic volatility. We have a separate set of volatility numbers to represent accounting volatility so the forecast for your portfolio would look more like what you think
Yes. Our experience is substantially lower than that. Exactly, bryan. When we are looking at Asset Allocation longterm particularly for plans that dont have as mat tour portfolio as you do. You run an efficient frontty which is a mathematical calculation of determining the best mix of assets at each level of risk, the optimum returning portfolio. If you assume that private equity volatility was significantly lower than public markets, you would put your money in private equity. From a long term projection standpoint, we put in what is a economic risk. Now the reality if you said what do i think your portfolio will actually do, you dont experience economic volatility in private equity through time because you have valuation processes as we have seen that are lagged and reduce that volatility. We have a separate volatility forecast. This is economic volatility. We have a separate set of volatility numbers to represent accounting volatility so the forecast for your portfolio would look mo