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The opecplus curbs doing little for the global glut. The virus drags on demand. Policymakers are focused on the Economic Impact of the virus. We will hear from a policymaker later this hour. Shery we are seeing downside for u. S. Futures. This coming on the back of a second straight week of gains. We have seen coronavirus cases start the United States to stabilize. We are seeing coronavirus debts and cases here in new york coronavirus cases here in new york start to decline. Brent is down. There was a loss of 8. 5 on friday. There is a gloomy outlook on oil prices, wti at the lowest level on record. Haidi we have been listening into President Trump speaking at the daily Coronavirus Briefing at the white house, talking about additional testing and stimulus and ....
Quarantine as the virus continues to spread further into europ europe the biggest buyout in europe since 2007 you can see entirely red as this selloff continues from the u. S. To asia and europe this morning. Lets look at the individual markets to see the losses. You can see the ftse 100 down. 4. 25 down in germany the cac down 3. 8 . Italy more than 3 lower lets look at individual sectors to see travel and leisure down almost 5 basic resources. Places like china are selling off. Technology stocks are down more than 4. 5 . In the u. S. , we saw extraordinary circumstances. Closing 4. 4 4. 6 for the nasdaq these were extraordinary times one of the fastest in history. If we look at the volatility across the markets you are seeing the vix five points higher. Coming from wednesday, rising through that period. If we look ahead through that days trading. You can see all three of mothos major markets. The dow jones currently with an expected open down more than 600 points one of the reasons i ....
We are live on the ground. Matt welcome to bloomberg daybreak europe. We are looking at possibly the end of a global drop in equities. If you take a look at ftse futures, for example, they are still being sold. The open now slated to selloff across europe. However, the u. S. Futures dont look quite as bad. A big selloff we saw yesterday. The pound had rallied on hopes that the eu was considering helping Boris Johnson by limiting the time the backstop is in place. The pound fell. Right now we are at 12283 against the dollar is no deal brexit is back on the table in a substantial way. You see yields now rising as investors are selling debt. They did buy it yesterday on concern about the manufacturing numbers that disappointed the market. Thosere now selling treasuries and pushing the yield up to 1. 66 . Speaking of manufacturing, the u. S. Economy is losing speed. Economists are wondering how slow it can go without dipping into a rec ....
Sales and ism manufacturing data hits a decade low. We wait on fiat chryslers numbers. A two border solution . Boris johnson will present his brexit plane to the conservative Party Conference today and the eu with provisions for a timelimited irish backstop. Ireland called the deal a nonstarter. A race to the bottom. Shaking of the brokerage world. Good morning. Matt less than half hour away from the european open. Take a look at what happened yesterday. When that ism number came out, it really disappointed markets. Investors bought up treasuries, pushing the yield down. This is a threeday chart. We have recovered a little bit today. Moves a pretty substantial and you saw that in stocks as well. That negativity likely to carry through to european markets today if you look at the futures. You will see equity Index Futures across europe are down. Dax futures are off 0. 4 . Fts ....