Global deaths from the coronavirus reach 300,000. While cases continue to fall in europe and the u. S. , alarm is growing in asia over a potential second wave of infection. Stocks and futures gain even as data from china shows a slower return to normal than hoped. Focus turns to german gdp numbers. In just two hours. Looking for a drop of 3 in the first quarter. Sanofil macrons berates for suggesting the u. S. May have hurt access to a vaccine. The frenchetween president and the drugmakers ceo is scheduled for next week. Just under an hour away from the start of cash equity trading in europe, lets take a look at futures. Gains of 1 acrosstheboard. A rough dayhave yesterday in european stocks. Closing down 2 . Then a turnaround in u. S. Stocks. That has now rolled around in asia and that market optimism is prevalent in european futures. Not been u. S. Futures. Little change. Anna . Anna a little bit of breaking news. In london, this would be of some relevance. System, aand transit fundi
Already this week. Are almost at 1300 per coin. Back up to percent since december. Again. Are parabolic we will see how that one turns out. Stocks are down today. They were up after treasury secretary mnuchins comments earlier. The yen is down, and gold is down as well. Not clear in terms of the message we are getting. In theory this should be risk on, but stocks arent quite committing to that. Vonnie lets figure out why. Treasury secretary Steve Mnuchin says the china trade deal is 90 done, with reports that the saturday g20 meeting between xi assumestrump and no new tariffs. Our reporter on trade joins us from london. What do we know about what might happen saturday for sure right now . Reporter i think what we are seeing is some pretty classic positioning by President Trump ahead of his very important talks saturday with the chinese leader. Basically, he is laying out two scenarios. One in which there is a cease fire, with no additional tariffs. Plan b, as he describes, is the next
And the incoming fed chair jay powell. We start with the big issue, dalios warning resonating from davos to new york. Take a listen. Ray a 1 rise in bond yields will produce the largest bear market we have seen since the 19801981 period. Has that bear market started . Are we in it . I think we are in it. There will be a time the bank of japan and ecb begin tightening. That will be the time when bond yields increase. I dont see that now, unless im wrong on inflation. I dont believe the Federal Reserve will get the 10 year to 3. 60 i dont think the bear market is starting. Since 1990 we had many, many predictions of a bear market in bonds, but it has not happened. Lisa joining me in new york is Subadra Rajappa, and Rachel Golder, and coming to us from london is Luke Hickmore. I want to start with you, subadra. Has the selloff in benchmark the s just begun, for is this the extent of it and will people pile back in . Subadra thats a good question. I think there is still more room for bonds
Chair jay powell. We start with the big issue, dalios warning resonating from davos to new york. Take a listen. Ray a 1 rise in bond yields will produce the largest bear market in bonds that weve seen since the 19801981 period. Has that bear market started . Are we in it . Ray i think were in it. There will be a time the bank of japan and ecb begin tightening. That will be the time when bond yields increase. I dont see that now, unless im wrong on inflation. I dont believe the Federal Reserve will get the 10 year to 3. 60 . I dont think the bear market is starting. Since 1990 we had many, many predictions of a bear market in bonds, but it has not happened. Lisa joining me in new york is Subadra Rajappa, and Rachel Golder, and coming to us from london is Luke Hickmore. Alright, so i want to start with you, subadra. The big question is, has the selloff in benchmarks just begun, for is this the extent of it and will people pile back in . Subadra thats a good question. I think that there i
We start with the big issue, dalios warning resonating from davos to new york. Take a listen. A 1 rise in bond yields will produce the largest bear market in bonds that weve seen since the 19801981 period. Has that bear market started . Are we in it . I think were in it. There will be a time the bank of japan and ecb begin tightening. There will be a time when arbitrage narrows and maybe when bond yields increase. I dont see that now, unless im wrong on inflation. I dont believe the federal will get the 10year to three point 6 . I dont think the bear market is starting. Since 1990 we had many, many predictions of a bear market in bonds, but it has not happened. Lisa joining me in new york is Subadra Rajappa, and Rachel Golder, and coming to us from london is Luke Hickmore. Alright, so i want to start with you, subadra. The big question is, has the selloff in benchmark bonds just begun, for is this the extent of it and will people pile back in . Subadra thats a good question. I think th