go higher. the crash stride an hour away. let s get your top headlines off the bloomberg terminal. china p.m.i. data beat estimates but it is a mixed picture for asian stocks and u.s. futures turned in the case negative. the w.h.o. said the coronavirus outbreak in europe may be approaching its peak but across the atlantic new york city reports a 16% increase in deaths in just six hours. plus lenders from howard s bank to unicredit halts dividends at the request of the b.b.c. we ll speak with the chair to have advisory board in just over an hour. we do see futures positive here. certainly in germany. 3/4 of a percent. up on the dax futures. u.s. futures we pointed out are down right now. of course that can change. volatility is the name of the game these days but we see a little bit of a split in terms over the risk indicators. anna, what do you see from your g.m.m.? anna: before get to that, let s get to breaking news. we have numbers coming through from shell. they are talki
results of another how will investors react to the second scandal of the year? warm welcome to daybreak europe. nejra cehic absconded on a holiday. can we spell that word? a wood.s diverged in chinese equities and u.s. equities. we are trying to make sense of what this rolling back of tariffs by china really means. there is a platform for a phase one deal? the u.s. equity markets are set, correction,ity for 15%. it is time to become guarded. perhaps we have become irrationally exuberant. positive news flow on tariffs eking out again. the 200 dayby moving average. wti, the uae oil minister saying things are good, they will talk about the expansion of the deal. let us talk trade. the u.s. china says it is cutting import tariffs on certain goods from january 1. expanding imports. the news comes from beijing and washington finalize the signing of a first phase of their trade deal early next week. let s get to simon french, chief economist. good to see you on this beautiful, c
that the spread of the particularly in the u.s. and coronavirus is slowing, especially in china. implications for policy. it is hard to predict the two investors basically at the back of their minds. saying that outcomes of the virus or how the economy can weather the trade will evolve or what will happen in the november elections virus. the u.s. 10 year yield is a good way to look at risk out there. , so we are trying to do fundamental work and have a currently at 1.63%. longer term view on what asset the new zealand dollar. it is currently up a touch after its classes and mary that with bottom-up work with companies central banks of the impact of the virus will actually be who have the best opportunity to short-lived. they did not project any rate generate cash flow over the shortest time. francine: does the virus change cuts. coming up later today, we will be speaking with the chief executive of ep. don t miss that interview on everything when it comes to the markets, or
center right now. we re starting to see more evidence of stimulation coming in. m&a speculation. you are beginning to roll some of the biggest companies together in china. that is an effort. yes. exports as well. still the best today rally in a month for the shanghai composite . you don t need shippers in the way that you once did. maybe they need some help. this is the mna story of the morning. a story of the morning. greases the story i m really interested in. we all know what is happening with greece. today he could see a deal. at last. we need to deal them by august 20 been that big ecb payment comes through. another payment and another deadline. there is speculation that government will accelerate growth around state owned companies. give us the rundown. we are seeing the shanghai composite higher. the rest of asia not looking so good. it is an interesting divergent. quitembers were discouraging. some market seeing some turnaround now. japan of about 3/10
now it is about the economics. we are looking at how europe opens. we will see when these numbers are live. was slightly higher overall. we have plenty of data to get our feet our teeth into. china got us off to a good start. we did see a rosy glow to risk appetite. instead of a slight cooling we were expecting a balance of 50. we got unexpected growth overall. aboutare concerns employment in china. exports are looking lively indeed. we will see how that sets equities off. i think we were slow to open. let s see how it affects currency trade. 3/10 of 1%. australia is a big trading partner with china because it has all the minerals it can send across to china, who loved to suck up the commodities space. movement in the currency us. i want to look at a few key stocks. were sticking on commodities. we are going to wait for it to open. could see the stock fall as much as 10% on the open. full-year pretax guidance they were going to miss to 60 million pounds. they say the first