More protection, the ecb tweaks policy. The economy ravaged by the coronavirus. Ftse futures point lower, and much of europe is closed but we will see trading in london. Apital is coming apollo aims to raise 20 billion and several new funds for opportunities in distress and private debt, this after boeing sold 25 billion worth of bonds in the largest offering of the year. Just under one hour away from trading in the equity markets that are open. London notably, and the ftse futures are down this morning. We also see s p futures, dow futures, and nasdaq teachers down. Nasdaq futures down. We know the u. S. Markets will be open as well today. Typically a european holiday. The u. S. Has detonated a different has designated a a different day for that purpose. The notable figure, the first one i see in the First Quarter, 802 Million Pounds versus 86 Million Pounds in the previous year. This is a number we are looking out for a lot of banks during this crisis. Newsrms of other notable from r
Welcome to daybreak europe. A rally in chinese equities, the best start to the year since 2016. You are seeing some green on the screen for the Msci Asia Pacific index. Excluding japan, seeing some gains of more than 1 in todays session. In yuan not moving a lot reaction to that cut by the pboc. Pretty much in line with expectations. Some of it might be to do with easing liquidity concerns around the spring festival. Markets closed in terms of the cash market. Futures not giving us a lot of direction. Switch the board and we do see some green on the screen for the s p 500. Futures on the front foot. The dollar recovering a little bit from four days of declines. Oil on the front foot as well. Lets get back to the china story. The pboc has slashed their cash reserve ratio by 50 basis points, unleashing about 115 billion of liquidity into the financial system. The move aims to help make it cheaper for companies to borrow money. Pmi stays inring expansionary territory in line with the rece
, icks marginally top left dekes up 1. 55 and the catalonia president stepping back from the immediate declaration of independence from spain. The euro rising for a fourth day. Lets stick with the spain discussion. Se are the share prices this is since they result of the referendum a week last sunday with a todays of trading. Last wednesday eight days of trading. In recenthey fared days. 4 since the ex down 7 10 ofib 1 . Leaving the legal base in catalonia and moving them elsewhere. Just give president in process could lead to the assertion of direct control from madrid. Ibex and index to watch. Great chart. Watch Spanish Companies with strong exposure to the domestic economy. Ood retailer topping 14 the index i want to keep an eye on is the white line, the Morgan Stanley domestic spain index has jumped 1. 6 today. D in theover the perio last month. Given the fact that we have inflation but poor productivity, i probably would look at productivity and the fast disinflation in four years
Fbi, the investigation done by the Senate Intelligence committee will continue on its current course as aggressively as we are able to do we continue to hold interviews. Mark the cochair of virginia told reporters today that the white house is not taking the investigation into russia and the election seriously. Russia is urging the u. S. To accept an iranian role in the safe zone plan. Russia also was the u. S. To help enforce the ceasefire and the deescalation zones. Russia passes middle east envoy says u. S. And iran need to show compromise and flexibility to help end the civil war. Global news global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. I am mark crumpton. This is bloomberg. Julie scarlet im scarlet fu. Joe i am joe weisenthal. U. S. Stocks trading slightly lower. Joe the question is, what did you miss . Scarlet americans are been any spartan stores. Department stores. Results at the close. Could the lending crisis spread
Southeast asian nation to meet with President Trump. We have the world covered here on daybreak asia and we will be live and across the region to get the latest market reaction. Betty as we mentioned, we are going to hear from the Prime Minister ahead of him meeting with President Trump and why one of indias largest Tech Services companies is worried trumps policies will hurt the center in india. This is daybreak asia, coming to you from u. S. And asia headquarters. I am betty liu betty liu in new 00k, where it is after 7 p. M. Yvonne i am yvonne man in hong kong. Why is he so worried about inflation . His counterparts have overlooked the last two months in recent weakness as a fake. He said missing the 2 inflation target does raise questions. What does that mean for this . It could impact the role of the Balance Sheet. That could be key. Betty we have a guest coming up that says the fed has been excellent in terms of broadcasting how they will reduce that Balance Sheet. Yvonne, let us