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The dollar index is above 100. Crude is trading at 1. 30 right now. Europe, guy. Vincent lets take a look at what is happening here guy lets take a look at what is happening here. As you can see, it is down heavily on the day, but still trading at 20 a barrel. Down by 20 on the session. We are hearing the currency effect coming through. One of those is the norwegian krone. The dollar benefiting as a result. Copper trading sharply down as well. We are seeing this bleed into other parts of the commodity space, as a result of which the lead sectors down are the oil and gas sector and the mining sector. European equities down by 2. 37 at the moment. Every single sector in negative territory. Vonnie a rough day, for sure. For more on the ripple effects of the oil selloff, we are cibcd by rebecca babin, private wealth senior trader. Anticipating that it would run out of shares, waiting for the sec to issue more. What do you read from this . Should we think of it as having wider implications ....
But most fiscal spending happens at the National Level still here in europe. The numbers are still relatively large. There is just a lack of coordination when it comes to providing aid for the more stressed out economies like italy. The core countries like france and germany are able to spend money at a National Level. Stocks are down here. Theyve rolled over in the last 10 to 15 minutes. Bundbtpye on the spread because that highlights what is happening between the core and the periphery. 1. 0882. Ar, the dollar catching a little bit of a bid today. Brent crude coming back a bit, as well. The thing i would highlight is the volume on the equity market is very low today. This doesnt feel like its got a lot of conviction behind it. Lets start the conversation where alix was mentioning it was in washington. Democratic leaders in congress pushing for nearly 500 billion in the next ....
Boris johnson and his house secretary. Spains deputy Prime Minister yesterday. Huge number of cases in the u. S. 22 states now under stayathome orders as 50 of the u. S. Population is meant to be abiding those orders. Down to 73 basis points on the 10 year yield. Crude back down again. 21 point 49. Canadian dollar weaker by about 7 10 of 1 after the bank of canada reduced its Interest Rate to 25 basis points. The Prime Minister selfisolating over here, the Health Secretary selfisolating. We are all selfisolating. The brown story in the market is done and dusted. We go into a weekend where traders do not want to take risk. Terrible numbers overnight out of spain. U. K. Numbers continue to climb. Numbers around the world of those infected and the fatalities continue ....
Myriad of things, hard to believe that congress is not going to get on and vote down any of those dynamics. But its got to be a series of things. It is not one silver bullet. I think they will do something. On the regulatory front, the banks in this country are in great shape. They have capacity. They have the wherewithal, the capital and liquidity to not exacerbate the problem what they have in past cycles, where they are piling on. I think theres room to continue to deregulate them and allow them support. Isolation is really key, and wiley country like singapore or china can do this effectively, how they can do it in the United States will be absolutely key. Jonathan acid a new discussion. Fascinating discussion. Great to see you. Lets get you some price action in this equity market. 32 minutes into the session, the equity market is down hard by 2. 87 . A wildbond market, just move on the 10 year treasury. That yield coming in at ....
Ever been involved with them, good things beget other good things, or vice versa. Doingy i see it, and im my best to report this to you without divulging too much, the mood music is good. The negotiations are going well. Thought. E let me give you one additional thought. The official statements from china, let me repeat this. Back, andt, going ive been here almost two years, doing this nonstop, many times we had a more optimistic view, but then we would get statements and commentaries from officials in the key chinese ministries that suggested not so much optimism. This time around, regarding phase one, please note how optimistic the comers ministry, the foreign ministry, the finance ministry, and their leaders, how optimistic, how positive and constructive they have been. I used that as a leading indicator, jonathan. I dont want to get ahead of this story. I dont want to predict. All im saying is the phase one talks, which are here before us and which represented a change in the entir ....