reports suggest russia is willing to cut oil production. and the german medical group frenius warns it won t meet its 2020 target. european stocks this morning are in recovery mode after yesterday s steep selloff saw the stoxx 600 close more than 3% lower. today it is a different picture. the gains do not quite match the losses we saw yesterday. the stoxx 600 is up about 1.1% in early trade remember, yesterday the selling kicked off with huawei s cfo s arrest in canada that drove concerns around the u.s./china trade dispute, but then u.s. stateside stocks rallied off the lows after the wall street journal signaled the fed may be having a wait and see mode at itself december meeting. plenty of events in focus in europe oil is still on investors minds after opec failed to come out with production cuts after yesterday s meeting. so investors watching the oil space today. putting it together, it is a brighter picture in europe than yesterday. let s get into the different bo
quite weekend and here to answer that question are our guests badly hurt is a political analyst for spiegel online? valerie says if a conservative follows mackel the possibility of a power struggle with the chancello. much greater. and it s a pleasure to welcome okay hammond she is an author and an editor at the berlin daily newspaper the top. and she says no matter what happens the green party stands to gain. and very glad to have andrea screwed back on the show he s editor in chief of hunters blood global that he says. members decision was both clever undignified in may let her stay on as chancellor until. twenty twenty one angela merkel is the longest serving leader of any western democracy after donald trump s election. some of the anglo saxon press dubbed her the leader of the free world how she just turned herself into a lame duck and if so what would be the implications for germany for europe and for the world. i think that s a very interesting question i don t think w
quite weekend and here to answer that question are our guests badly hurt is a political analyst for spiegel online? valerie says if a conservative follows mackel the possibility of a power struggle with the chancello. much greater. and it s a pleasure to welcome okay hammond she is an author and an editor at the berlin daily newspaper the top. and she says no matter what happens the green party stands to gain. and very glad to have andrea screwed back on the show he s editor in chief of hunters blood global that he says. members decision was both clever undignified in may let her stay on as chancellor until. twenty twenty one angela merkel is the longest serving leader of any western democracy after donald trump s election. some of the anglo saxon press dubbed her the leader of the free world how she just turned herself into a lame duck and if so what would be the implications for germany for europe and for the world. i think that s a very interesting question i don t think w
favor close to 1% right now and japan nikkei stocks about 163 points but for the most part chinese stocks are under pressure here. today we saw the dollar nudge higher. i think the highest in the last two months or jumping the most in the last two months. it tends to get that status evident we see some of these trade headlines with president trump saying if the talks with president xi fail, they may be seeing another round of tariffs in the pipeline. the dollar-yen pretty much weaking. we are seeing strength in australia. we are up about 1 fifth percent which it comes to the awes can i dollar. let s focus on the chinese markets. we re seeing the eight shares down about .8%. large shares about a 3% decline. we re only down about laugh a a percent at lf the moment. a lot of earnings to take you through. we ve been talking about the bank earnings, broke rages. oil players in the fray so things to really start watching the as the earnings season really kicks in. keep rishaad: a
mining stocks trading lower today. also seeing weakness in the single currency, down by 0.2%. dollar strength persisting. we also have the story in merkel sith angela political success are stepping down. that is a surprise. we are continuing to watch what is happening with the coronavirus. that makes a significant inroad into what we are talking about. we are joined now by mark haefele, ubs both management global chief investment officer ubs wealth management global chief investment officer. he joins us now. is it a market story? how do you think it will be factored in over the coming quarter? it is a market story based on fear causing a wider reaction in the economy. like everyone else, we are focused on what is the direct impact and how long it is going to last. i think in our analysis, while the number of cases has been rising, the death rate remains someively low, and despite cases breaking out in singapore, certainly a developed market, this remains contained, and ther