To challenge records. Eu finance are set to meet today. Italy lays out fresh restrictions. Chancellor merkel urges germans to follow the rules. Bmp bounces back, the french Bank Benefits from volatility. A bullish tone on the numbers. If you look at the bottom year ago, andus a nine months, it is ahead of the target we gave for the outlook for the full year of 2020. We are under one hour until the start of cash equity trading. Good morning. Lets look at futures. Some real strength coming through futures markets sees the european picture up 0. 8 . If we look at the u. S. , we get a similarly positive picture. He saw strength yesterday. We have not erased losses from last week. The coronavirus is still very much with us. Yesterday the u. S. Equity markets recovered to some extent, and in europe, the cac 0. 2 . X up by today we see more of that positive trend. We can see positivity coming through in the asian session. Japan is closed, but we have the asian equity session fairly positive.
President trump warns of hard times ahead, as u. S. Health ,000cials estimate 240 americans could die. Global stocks fall. The worst is yet to come. Warns that investors asset prices have further to fall. Jeff good luck says expect the panic of march. A debt binge. Companies raise a record 752 billion last quarter. They look to build up cash buffers. The Carnival Cruise airbus cash in on credit rebounds. Lets take a look, first off, at futures, down across the board, as i said, after big losses in asia overnight. U. S. Stocks also closed lower at the end of the day. Europe was up. We have catchup to do in terms 3. 5 e drop, now down about on european futures. U. S. Equity indexes also trading lower, but not as severely. What do you see on the gmm . Anna yes, so we see a negative session for the asian markets. Asian equity markets under pressure, the japanese nikkei down, south korean market, hong kong all looking weaker. Bears back in control at the start of the Second Quarter. It is a
Warm welcome to the show. The data is driving the markets. Downturn will stay for a long time. Be prepared for overly loose policy, harm in the long term. No shock and ought to come. Good morning. Are we jumping too aggressively on the optimism after china data. There were factors to consider. We have to bear in mind there are expectations that inflation could rise significantly in the first part of the year. Absolutely. Lets talk about the bond markets because our guest host says it is going to take 500,000 , 500,000 would not shake the fed. Bond prices are falling. Fedare going to see the cutting rates. The riskalk about market. What happened friday . Cuts at opec this week. A sense of a relief rally in the oil market this morning. , therty values jumped largest jump since 2003. Appetite returns to the aussie market. Qe in australia, that is the question we can debate. Green on the screen for the Msci Asia Pacific index. Bullish views for asia in 2020. 0. 4cline on friday of percent,
The future of the italian leader emerges with a sticky point. And another election. Manus warm welcome to daybreak europe. The fx markets do not believe rhetoric. D in a lovely tweet from the chief Market Strategist increasingly, the markets are recognizing the alleged call from china. Is the u. S. Blinking because of the friday slide in markets . Do you believe the chinese really picked up the phone and said we want to get around the table . Nejra they say they did not and all we got was a slight shift in tone from President Trump. It does not mean his underlying strategy has changed at all. More there is a little risk on in the markets. If there is a shift in tone, maybe it will be followed by action. Certainly not thought of by the big companies. Tone. Is a shift in china badly wants a deal. There is certainly a shift along the as if you 500. By the diff by the way, the difference between u. S. Stocks in u. S. Futures dollaryen does not believe the mood music has shifted at all. The
Welcome to the pulse live from bloombergs European Headquarters in london with me, manus cranny. Lets take a look at your risk radar, top of the hour on the pulse. Stoxx 600, over the past four days, weve managed to eke out a gain. The Airline Stocks take us down. Levelsyen retested its that we saw on the sixth of june. We may see more stimulus. The stoxx 600 close down a fourweek high last night. Check out lufthansa. The numbers are going to be below the Previous Years. Just looking at the stock performance, 10. 22 at the moment, weve been falling for three days. The last time we saw a rout like this was the 14th of june. Easyjet sales came in at 4. 2 million. Revenue slipped 8 . They are saying the brexit vote, the attempted turkish coup, many challenges. Easyjet down 4. 3 . Time for a first word check. Nejra cehic is with me. Nejra good day, manus. Turkey has imposed a state of emergency as the government pursues those responsible for a film to recoup. For a failed military coup. Si