Asiapacific benchmark. Jakarta coming online. Of 1 . F 6 10 u. S. Futures are flat and so are nifty futures. At thatbe looking downgrade of indias outlook to negative. The country at risk of falling into junk status. When it comes to some of these markets, singapore reopening phase two today. The peak p, is the biggest loser on the board. Elevated. Ocks are we are expecting that we could see some action from the pboc in the next coming days. Could we see it in the form of a triple are cut . The chinese bond market has stalled a bit. We are still seeing yields go lower today. Take a look at currencies first. The dollar set for a second week of gains right now. We are watching the pound really closely. The bank of england expanded by qe program. Renminbi is steady around 708. The rupiah, we are focusing on that. B. I. Cut rates yesterday. More easing to come. Trend is steepening getting tired right now. Businesses have fears of a second wave. U. S. 10 year is down to 70 basis points righ
What exactly comes next for the coronavirus, how governments will deal with it and if there are any faults. Lets check on your markets. Today, we have a market that seems focused on the number of affected and deaths falling. That is the good news. Many deaths, but it has fallen from three or four days ago. Equity futures are down. European stocks are holding gains. They fluctuated quite a lot. It is a big week for corporate earnings. They are trying to a tentative signs that the infection rates are decelerating. Treasuries, pretty much unchanged. Plunging below 15 a barrel to the lowest level in 21 years. Lets get to the bloomberg first word news in new york city with viviana hurtado. Viviana we begin this new is a news morning in the u. S. , the nation temporarily postponing head of client Investment Strategy tariff payments to free up cash for businesses hit by the pandemic. It is limited in spoke scope so it will be on steel or aluminum or enforcement actions, including taken a big
A Strong Performance in the u. S. And u. K. Offsetting weakness in emerging markets at wpp. The ceo telling cnbc its not a reason to write off its prospects. Its in our interest that china continue to grow because it will be the driver of Many Industries like our own. The Falling Oil Price continues to take its toll on transocean. Shares slump over 10 after they cut the dividend for the next two quarters. Hi, everybody. Good morning, welcome to Worldwide Exchange. We have two hours together. We have a fantastic lineup of guests and well be getting a lot of thoughts and analysis on what is taking place at the moment. Im not sure Everybody Knows but its worth discussing the themes were seeing. It does seem to be a day by day story. Despite the fact that we saw the chinese coming through with the measures with regards to cutting rates and cutting their rrr yesterday we still saw a very, very volatile Asian Session and that feeding through into the u. S. As well. That volatility with the u
And he ruled out discussions on future trade being allowed to start next week. Police in new york and london are investigating Sexual Assault allegations against hollywood Film Producer Harvey Weinstein more than thirty women have now come forward accusing him of Sexual Harassment and in several cases of rape weinstein has denied all charges of non consensual sex. On. Germanys flag carrier look towns has a deal to take over big parts of bankrupt rival air berlin lufthansa stock shoots up as it takes most aircraft and landing slots but easyjet could get the rest will tell you what this means for passengers. Also on the show because the famous crypto currency is rallying and nobody truly knows why the jump comes as several governments are calling for more regulation. And a shot of tequila will never feel the same entrepreneur who wants to use the plant to power cars and planes in the future. Its time for business on the w. Im here you know to get us welcome to the show on a decisive day
And, asiapacific trade ministers concerned about rising protectionism, but no mention of it in their postsummit statement in hanoi. The start of the brandnew asian trading week. It is all about oil. We are fast approaching that meeting in vienna. The markets have pretty much priced and that ninemonth extension. Latest over the weekend, we are hearing that saudi arabia saying all opec producers are up for this extension. Take a look at this chart in terms of where Price Expectations are going. That front month the vti with the nearest expiration contract, converging at 50, so whether the news has 10 baked in or there is further upside when it comes to that oil price, even if we get that extension, and the flip side of that story is where u. S. Shale production goes from here, because the biggest opecion has not been producer sticking to their end of the bargain as opposed to whether their efforts are being undermined by increasing levels of u. S. Production. We have seen u. S. Inventori