We are looking at a contraction for the year between 1 and 4 . Looking at where china is, reality starting to bite, trading lower right now. Pmi front and center. Chinas economy has been damaged. A lot of the world still is shutting down. The downward revision in expectations may only be just beginning. Nikkei, lower by 4 . Jitters also there in the market. For globalmism governments to cushion the blow from the coronavirus outbreak. Lets flip the page, take a look at where we are in terms of the dollar. Easing a little. Theaussie below 60 to dollar. Is,ng a look at where crude down by 1. 5 there. Traders weighing the extent of against the 2 trillion stimulus package. The oil glut meaning we are running out of space to store. Yvonne things turning south now. It was after we saw global stocks register a rare back to back again on wednesday. Asia looking mixed. Japan seeing substantial pressure now. Lets get more context with david ingalls. Things are starting to turn a little to the dow
To back the bell and set to publish their own support program. Force johnson orders the u. K. Into a three weeks lockdown, sweeping new laws to breakup gatherings and fine any dissenters. Taylor meantime, i want to bring you some breaking news coming out of china. Their companies are having the worst quarter on record, according to china. The headline as it catches my eye, the economy has not gotten better as much as we thought they would be returning to work. It looks for the first three months of this year, a Quarterly Survey of all the firms, it looks like every individual sector was reporting worse results than originally thought. Saleswas a widespread in amid the harder hit retail sectors. The collapse in revenue and profit. Again, Economic Activity collapsed in february. This is as we knew that there was the massive virus spread that was going on. I think the key headline is Chinese Companies continuing to have the worst quarter on record. Every individual sector reporting worst
David a very good morning to all of our viewers joining us right now. New trading week. Lots to talk about in the markets. Shins and up and running as well. Focus will be on where we go with those markets. No one knows until we get there. Lets get a lay of the land of how things look. Where does this really set us up as we get underway this monday . Have a look at it at our bloomberg chart. G btv 7910. Into thursday, into friday, that little gap, more than a massive gap. Really push the market to extreme levels when you look at markets. 56 of constituents on the shanghai composite are now in oversold territory. Does that necessarily mean we will get something into that market, that really depends on where the herd goes. Will that be enough to restore confidence in that market . We were down almost 6 , 7 at one point. Friday that market has opened up. It will open up in about 25 minutes from now. Haslinda china was most overbought in kenya. It has put things in perspective, given that t
Good morning, everybody. Welcome. Youre watching the pulse live from bloombergs european headquarters. Were here in london. Im guy johnson. Lets get straight to our top stories. Protests in hong kong. Beijing Bank Authorities demanding that the chief executives of hong kong must now go. David, give us a sense of whats happening in hong kong right now. Well, what were seeing just today after the protesters once again blanketed the main roads into central hong kong, a lot of them have gone to work today so it seems some dispurgs of the crowd but we expect them to come back again. Tomorrow and the day after, it is a Public Holiday here in hong kong and those were the days when occupy central, one of the main organizers of this movement wanted to have their sitin. They brought it forward because the students really started protesting last friday, but what we really do expect to see tomorrow is tens of thousand s of people back on the streets here in hong kong. Remember these protests, numb