Indonesia as well has been the laggard when it comes to its performance against the dollar. That is also seeing some decent gains. We are up 4. 5 . Yesterday, we saw a stunning rally, jumping the most in 20 years. May just be a technical rebound given how extreme the drop had been before. Brent and crude, we are still seeing some decent gains. We could be in a freefall given the shutdowns we have seen across the globe. Australia. Hing the only laggard today, down about 1. 5 . Still has been a stunning rebound. E. M. Having a good run. Jay powell has been reassuring americans the fed still has plenty of tools and plenty of tools to blunt the economic damage from the coronavirus. He is urging the house to pass the 2 trillion stimulus package. Kathleen hays is here with what happened today and what happens next. Is the stimulus package a one and done deal . It looks like it is going to pass. The Senate Passed it 960. The first vote was 4747. Finally, after days of backandforth, democrats
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,
We are live on the ground. Good morning, welcome to bloomberg daybreak europe. Just after six 00 a. M. In london. Lets go to hong kong and get the latest on the protests. Stephen engle is standing by on the ground. Great to have you with us. The debate on the bill has been delayed, give us an update. Stephen good to see you. The debate and the dialogue on the bill in the building behind me it has been postponed until down a littles more. Some of the protesters with masks and goggles and paraphernalia rallied yesterday, and were repelled by the police force, including teargas and rubber bullets and pepper spray. Some of them came here this morning, they congregated around us and were waiting to see if the Legislative Council would have the reading of the controversial bill. It turns out they have decided not to meet today or tomorrow, they saw that as a moral victory. They have not gone home. They have retreated out of the main street here, and we have one protester wanting to jump into
Mark vassella. This is Bloomberg Markets asia. Ishaad that rally continuing we have treasuries and focus. Goldman sachs making the call about what could happen if. Ields go up to 4. 5 looking unlikely at the moment. But who knows. Jay powell, two testimonies on capitol hill. Highly cognizant of global markets. He would be aware of the significance and scrutiny over these separate days of testimony. Up fory report, setting janet yellen 2. 0. He will be want to be treading carefully given the web saw sessions we have had over the past few weeks. Over withtrong hand yesterday pushing its 50day price action on the friday session. Where watching the opening in hong kong. Got a barrage of japanese numbers coming out this week. How are we tracking so far . Sophie we have stocks across the board gaining ground at the tie ask the taiex. We are looking for yellen 2. 0 from jay powell. Hovering around 1. 07 against that backdrop. We have stocks in tokyo led higher by electronics, telcos seeing th
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