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Tenyear yield has fallen below 1 . It dropped to a record low of just. 9 . Right now its barely above that at. 98 . Stocks made a brief attempt at rallying but then completely tumbled. The central bank said it was making a preemptive strike to stop the coronavirus contagion from affecting the american economy. The dow started swinging all over the place. More than 1300 points from a high of up 381 points to a low of a loss of 996. As you see, we are down 642 points. The s p is down 71. Of course, the nasdaq, triple digits, down 234. It all comes as President Trump right now is at live picture, right now at a roundtable at the National Institutes of health where he is meeting with all kinds of Health Vaccine experts at the research center. Hes going to then take a tour. Lets listen in. Hes taking q a. If it was nece ....
Japans ruling party says the coronavirus will hit harder than the financial crisis. The global stocks rallied after the u. S. Opened the fiscal taps to the tune of a billion dollars. Thats on rate cuts for major Central Banks surge. St. Louis fed president tells bloomberg, dont assume that will be another cut in two weeks. Rate to thee policy right place for now. Given the information that we have now. We took out some insurance against the possibility that this will cause a growth slowdown in the u. S. Matt division in vienna. Agreement over output cuts proves elusive for opec plus delegates as they look to counter the impact of the coronavirus. We are live on the ground for a crucial meeting there. Lets take a look at futures, getting across europe right now. More than 0. 5 . Up 0. 75 . S are futures. In u. S. We finished up more than 1 yesterday across european forces. There was a major surge in u. S. Stocks as a result. You are ....
Seeing whippy action. Lots of movement happening all over the place. We are going to take you through all the news with global exchange, the market moving news from all around the world. From hong kong to new york to washington, our bloomberg voices are on the ground with all of this mornings top stories. Announced newj measures to pump liquidity into the markets to ensure financial stability. Joining bs enda curran. What do we see joining me is in the current joining me is enda curran. What do we see . They bought around 100 billion worth of stock funds and came out with an emergency statement making it clear that they will do whatever it takes liquidity ande is stability in the markets. The boj actions are flecked growing concern about dollar reflect actions growing concern about dollar shortage. We have seen australia pump in a lot of money, and china centralbank top off today with the rrr rate cut. That is all about freeing up funds for banks to lend more to companies that need it ....
Treasuries,on the we will be speaking about that in a moment with our guest from pimco. Still at 1. 35. We are off the alltime low but this is still elevated. And futures, slightly down, 1. 4 . In the 1650 an ounce range. Volatility in europe also elevated. Trading stoxx be 50 2381, pushing up to fresh session highs. 06 . Oxx 600 is down by it is not exactly a turnaround that it is a stabilization. In europe, exactly the opposite. We are trading 50 on the german tenyear, another two basis points on the downside. The bones keep getting bid Bashar Alassad bund the bid. S keep getting vonnie President Trump is seeking supplemental funding to tackle the coronavirus and he spoke earlier about chinas role in the outbreak. Pres. Trump i have spoken to president xi jinping and they are working very hard. If you know anything about him, i think they will be in pretty good shape. They ....
Plummet as donald trump suspends most travel from europe for the next 30 days. The dow becomes the first u. S. Index to enter a bear market. The who declares the coronavirus a pandemic. Treasuries and the yen surge. The pressure rises on the ecb to make a move today after emergency cuts from the fed and the bank of england. What does she have left in the toolbox . An hour away from the european open and we are looking at substantial drops. Dax futures down more than 6 . Down ae got ftse futures little less, 5 . 5. 25 . Ures down u. S. Futures even after the big drop yesterday are posting three or 4 drops, it is set to be a risk off open. Anna a very risk off open, the route continues. Rout continues. Some weakness coming through, dark red boxes. Markets this is slipping them around daily. We see money going into the yen, stronger by 0. 8 against the dollar. You can see bond markets, a lot , yields coming down once more as markets were what president by was and was not saying. Mark on e ....