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risk on bounce. it is time for global exchange, where we bring you today s market moving news from all around the world. from hong kong to berlin, brussels, washington, and new hampshire, our bloomberg voices are on the ground with this morning s top stories. we begin in asia and the latest on the coronavirus outbreak. the current number of cases stands at just over 43,000. the death toll now 1000. joining me from hong kong is aad salamat, anger of haad salamat, anchor of coanchor of t, bloomberg markets: asia. a feeling out s of china that things have perhaps gone a bit too far. those companies which have been curtailing production should step it all up, ramp things up, especially in areas that have been little affected. we are still counting the costs with regard to this. retail sales being hammered, industrial production likewise. we haven t talked very much about this. onot of trade heaped singapore, with the prime minister being lauded for being transparent, ....
harder. he testified in congress this week that she will testify in congress this week. he will testify in congress this week. manus: it is daybreak europe, as the world begins to grapple with warnings on supplies from the world health organization. to me, it is about the response organism. mohamed el-erian warns about the potential of a u-shaped recovery. offering nearly $4 billion in liquidity relief. that pushes back against the risk of any counterparty restriction as we saw back in the financial crisis that 2008.an refers to of nejra: but you do wonder how much of that report from the boc , if it will have a big impact. when the banking sector in china looks so different to during the crisis.l also, express are grappling with finding high-frequency indicators to see how the virus will play out and the impact it will have on the global economy, if we get a u-shaped or l- shaped, rather than a recovery. manus: it is headland of to headline. the aussie dollar jum ....
fourth term as chancellor as the social democrats vote to open coalition talks. in improving picture for emerging markets. behin what isr tells us behind the outlook. this is bloomberg markets: middle east. inm yousef gamal el-din dubai. global markets showing they are willing to take the u.s. government shutdown in stride. assets weaker with korea and japan driving losses. australian shares unchanged. advance on optimism for the euro. it is not a pop. it raises the question about the massive euro-dollar positions out there. the dollar index pretty much unchanged, still close to a six-week slide that shows no of relief in the shutdown. up .5%.urrently we had commentary from the most par 4 energy ministers in the world and will get you those interviews in the program. .old lower the big move in the emerging market fx space has been the 12.12 offd trade at the news that jacob zuma could leave earlier than planned and transition plo power in a you new administration. let ....
repurchase and announces a new global wealth management unit. a very warm welcome. this is bloomberg daybreak europe today. i am joined by matt miller in berlin. we need to talk about what s happening in the markets and the breaking news coming out. breaking news out of sanofi. the wall street journal is carrying this news over the last 24 hours. a company.d buy this is a touch above the number reported in the reports over the weekend, suggesting $11.5 billion. it is expected to start in february 2018. they are giving us various details about the kind of eps secretion we will see as a result of this deal. this represents something like a 65% premium to friday s closing price. strategy in with the of the business, trying to add treatments from layer blood disorders to the portfolio over at sanofi. sanofi looking to offset some of those that of theen fading because insulin drug. that is the backstory. 100 five dollars per share in cash. a 64% premium. let s talk about ....
this year? and the world s largest wealth manager promises a $2.1 billion buyback. are tracking an opportunity to share buybacks. matt: we are less than a half-hour away from the european open. take a look at futures. we see very little change as far as futures in france go. dax futures are up almost 0.2%. ftse futures are down 0.1%. probably more interesting to look at treasuries now. you could look at treasuries or bunts. investors are watching bunds to confirm the rise in treasury rates as well. will this continue, this rise in treasury rates? will we see a rise in the bunds continue as well? this is interesting to watch amid the government shutdown and continued coalition talks. let s get the first word news with juliette saly and singapore. juliette: ubs has said they will buy about $2.1 billion in stock over three years and merge is to wealth management businesses. the program will begin in march. it is also starting a new dividend policy. ceo sergio ermotti said ....