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Risk assets take a beating. U. S. Stock features plummet limit dad down amid a selloff. Europe points to more losses and Oil Nosedives below 30 in new york as an opec plus breakdown see saudi arabia prices saudi arabia slash prices. The entire Treasury Curve sits below 1 for the first time in history. The yen surges the highest level in three years and gold briefly tops 1700 an ounce. Billion in counting. That is how much governments have pledged to pump into the Global Economy to combat the coronavirus. But is it enough, the current market verdict is absolutely not. Awaye just under an hour from the start of cash equity trading in europe and u. K. Lets take a look at futures. A sea of red everywhere you look for risk assets. Seene personally never futures this low. Of course i was not here for the financial crisis, but w ....
Rates. With the tax announcement and the new fed chair news, investors anticipating a bumpy ride. What is priced in and ahead of super thursday. The nikkei in the driving seat. High whilea 99week nickel propels the metal markets. With nickel back, the real news coming from the copper market. Lets talk about where we are and where we are going. Futures are pricing in a strong start relative to where we have been for european equities this morning. The fair value calculations on your bloomberg look like this. Stocks 50 up by around. 6 . London to open higher, as is paris. Germany is playing catchup. The dax looks to open up a whole percent up this morning. Watch the telecoms story and the stocks will be opening stronger. A solid performance coming through from the asian markets. Lets show you what the gmm looks like this morning. Is new zealand story interesting. The new Zealand Dollar propels higher this morning, driving the market ....
His son released. Meeting government officials as they try to quell growing government anger over emissions. Oh caroline welcome to bloomberg daybreak europe. From here in the city of london, on anna edwards. With got commerzbank reporting a secondquarter net loss, 630 537ion euros, a loss of million. That lost a bit wider than what we expected. They are giving us guidance in 2017, saying they see it slightly positive net result. This is germanys secondlargest listed bank. That antly found out company disclosed owning 5 , making his business the second largest shareholder after the german government, which bailed out commerzbank. Byy plan to cut 6000 jobs 2020, to free up cash in other areas. Sticking with the banking theme, we have numbers out of Societe Generale. Profits down 28 . Litigation clouds lingering over this international dealings. The products business helping the trading to outperform some of their rivals. They are ....
Will the sector drive the Global Equity rally through the european open . Plus, 1 billion in cost cuts. Rbs said to be eliminating jobs and close branches. Will it be enough to push it to profitability . Matt we are less than a halfhour away from the european open. Take a look at european futures. After the u. S. S p rose to an alltime high once again and asian stocks were up overnight, we see european futures pointing to a higher open. I should point out that none of the major indexes in europe is out on alltime high. The ftse hit its alltime high in the beginning of january. A lot of the other indexes are waiting until are a year away from their alltime highs. They were in 2015. Take a look at bunds. I have the open. This is a tj twoday chart of bunds. This is the friday trade. Opening with yields coming down somewhat, 0. 328 . I should point out that we are still at very low levels, if you look historically, and takeaway inflati ....