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He accuses the social media giant of stifling free speech. Welcome to bloomberg surveillance, everyone. I am Francine Lacqua in london. The markets are trying to guess how much tension there is between the u. S. And china and how that will halt the economy. This is what is playing out in the markets. The stoxx 600 gaining some 0. 3 . Crude oil before 34 per barrel. 71599. I the u. S. Considering a range of sanctions to punish china for its crackdown on hong kong. The Trump Administration weighs whether to declare that the former colony has lost its autonomy from beijing. President trump says he will announce action against china before the end of the week. Meanwhile, protesters in hong kong cured up for what there could be their biggest day of unrest in months against chinas increasing control of the city. Lets get straight to our chief asia economics correspondent. Th ....
Response, how europe response given the heightened trade tensions, how they could take advantage of that situation. Is what taylor, this the markets are telling us. Futures are climbing with european stocks. Im also looking at oil and treasuries to give us an indication of where we are seeing some of the havens. Treasuries on the dollar edging higher. I want to show you the chinese yuan. There is focus not only on this extra stimulus possibly coming from japan, but also on lockdowns. More Major Economies around the world opened up, taylor. Taylor we are hitting a milestone in the u. S. Yesterday you were looking at s p 3000. ,000, we have not closed above those levels, but it looks like we are seeming to get there. Some of that hope and optimism on the reopening is filtering through within the s p 500. Focusallcap domestic stocks, and a lot of optimism here about the strength of that u. S. Consumer coming back, making those small ....
Cable. T to highlight you could argue we are not really going anywhere. Poin the 50 basis point cut to be already priced in. We get more coming out today on the 10 year. Yields down by about 10 basis points. Crude continuing to rollover. Time now for global exchange, where we bring you todays market moving news from all around the world. From london to rome, to hong kong and new york, our bloomberg voices are on the ground with this mornings top stories. The bank of england cutting rates to help keep credit flowing amid Economic Uncertainty over the virus. Bank of england governor spoke earlier in england. Carney the bank will take all necessary further steps to support the u. K. Economy and Financial System consistent with its statutory responsibility. Ago, that was a few hours and then we wait for the budget. Absolutely. A fine display of cooperation from monetary a ....
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 ....