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Collapse well meet some of the people whose livelihoods are at risk. This is. Im Kate Ferguson welcome. Its been a day of carnage on the markets with shares posting their biggest losses since the financial crisis in 2008 the massive drops were triggered by saudi arabias decision to increase Oil Production after russia refused to cut its a push in response to weakening to munt because of the coronavirus and heres the damage here in germany the dax closed around 8 per cent down entirely wiping i almost the gains of the past year the footsie 100. 00 in london fared no better it ended just shy of 8 per cent in the red as well and there was chaos that trading going on in new york 2 similar to other exchanges the dow jones closed nearly 8 percent lower as well all of this volatility of course coming as the price of oil so its because 1. 00 day drop since the gulf war in 1991 now ear ....
And taiwan. You have elections coming up. Keep your eye on that. We are either flat or slightly higher. Safe havens, looking at dollaryen above the below the 200 day moving average. You are looking at oil pushing towards session highs, new york 1. 6 to the upside. In case you missed it, breaking news out of iraq, the top iranian commander was killed in a u. S. Airstrike with reports in the last 30 minutes or so. Thena lets get more on markets. David was just mentioning this news about the commander being killed in baghdad. What does it mean . What are you watching her . I think it means we will have geopolitical tensions coming back in the new year. The s p 500 in reversing earlier gains, and the yen is being beat up. But i dont think this is going to last. I think after the dust has settled and the markets continue to focus on the fundamental improvement, this liquidity part can still continue after china with liquiditya banks. An era for the emerging markets. Same macro theme. It wil ....
U. S. Start screening passengers from china as fears grow about the spread of a new virus. Libyas stage oil from says its been forced to Halt Operations at 5 major oil ports in the east of the country interested as he is have been under attack by forces loyal to ward who have to say the ports revenues are being used by the rival chipley based government to pay turkish fight says the National Oil Corporation says 800000 barrels a day of output will be lost that amounts to 55000000. 00 per day while the uns envoy for libya says oil revenues should be used to feed the people. Leni i dont need to clear our position at the u. N. Is very clear you must not play with oil because it is the livelihood of libyans without oil libyans are starving we have to tell it like it is so we must not clear with oil we must not turn it into a weapon of war we must not allow it to become ....
Are promising ahead of thursdays fighters. We begin our coverage in the hague where me and miles leader Aung San Suu Kyi is set to lead her countrys defense against allegations of genocide now the crimes are said to have been committed by the military and are at the center of a case at the International Court of justice the allegations stem from the 27000 military crackdown which forced more than 700000 mostly muslim or hindu to flee to neighboring bangladesh well lets go live now to our correspondent ryan hey whos in the hague for us on sun. Set to arrive within the next hour its remarkable 28 years ago just this week she received the Nobel Peace Prize and now shes set to defend the minute she who kept under house arrest against genocide what do we expect to hear from her. Yes its a remarkable situation isnt i ....
The opera house of Indias Parliament has approved a controversial bill that would grant citizenship to minorities who face religious persecution in pakistan bonded they should and of god the stand bought the bill has stood. Because it excludes muslim refugees from the 3 neighboring countries opposition politicians and Rights Groups say the exclusion of muslims is part of the governments hindu nationalists agenda defending the build over the home minister says Indias Muslim citizens have nothing to fear. It is a question of giving citizenship to people who have come because of religious persecution the minorities or any muslims need not worry i want to say this clearly nobody needs to worry if anyone threatens you or scares you dont get scared this isnt their interim government that is moving with the spirit of the const ....