Peak fatality rates could come in the next two weeks. Haidi brent crude is at its lowest price in trading since late 2002. The australian markets have just opened. Lets get straight to Sophie Kamaruddin. Sophie shares opening lower in sydney. We are seeing and struggling australian in vectors australian economy goes into hibernation. It should strengthen gdp 10 this quarter. As for new zealand, 14 quarterly contraction in the Second Quarter before rebounding as officials wrap up. Buying Corporate Bonds from tuesday. Off more than 2 . Nikkei futures in chicago under pressure. Analysts believe the economy is already in recession. Japanese Prime Minister shinzo to fund the biggest ever stimulus package. Futures sinking more than 2 . Worries about Economic Growth and dwindling demand also playing out in the oil market. Wti testing 20. Flipping back, President Trump is still speaking at the white house, where earlier he said he would extend the guidelines for americans to distance themselve
It is a very special session. We have you covered. All that, so much more on making money. Charles so the unknown Economic Impact continues of the coronavirus continues to weigh on the market. Again this as investors attempt to factor in how impactful the Federal Reserves emergency decision to cut rates by 50 basis points this morning will actually be. As the 10year yield fallen below 1 for first time ever. President trump addresses Central Bank Decision to lower rates a little while ago. Take a listen. We have to be competitive with other countries. When were paying two points more than germany, were paying more than other countries, we should pay less than everybody else. Of the fed rate is too high. Simple. It is too high. It puts us at competitive disadvantage, especially exporting our product to other countries. The other countries love that i dont like it at all. I would like to see our fed lead instead of being led. Charles joining me bellpointe chief Market Strategist david nel
The government is stepping and a lot to stabilize the market. Stabilize the rupee. Money is free to go where it wants to. If you are bid up because of foreign money coming in, and people want the entity those are the first markets they look cap. Indonesia is a good market indonesia is a good example. Give us anere to assessment on where we are. Up by over 3 ng this morning. We are seeing the biggest drag on the index so far. A third day of losses for the index. Here in the city. Take a look at the moves in shanghai. The index is off by 3 . Drop of as much as 4 by the hang seng index. The king dollar raining this morning. The offshore yuan is finding its footing. Trading below seven. The rupee has recovered from a record low that it hit further that it hit earlier. This is this as japanese officials tried to calm markets. The bounce back we saw earlier s p. Y stocks a similar theme across the region when it comes to the Circuit Breakers being met. The nikkei up above 17,000. Checking in
The Vice President is the governments point person. Plus, is jack dorseys job on the line . An activist investor with a sizable stake in twitter is pushing for changes. First, some ominous news in the u. S. More deaths here stateside. Despite that, the market is going green. Cindy . Es it look like it in sydney. Paul it going pretty well. Markets reacting on promises of support from Central Banks. A strong rally, higher by 3. 5 . Futures pointing higher, better than 1 as well. Alsoi futures and kospi stronger. The yen has weakened. The boj will do what it can to support markets. The aussie dollar still has a 65 handle. It is reserve bank of australia decision day and the consensus now is that the rba is likely to cut the cash rate to half of 1 . Lets take a closer look at what happened here. Stocks surging. Ending up over 4 with investors hoping that Central Banks will be coming to the rescue. For more, we are joined by Abigail Doolittle in new york. What is driving the optimism . Abig
Maintaining ties with venezuelas president. And sprint to the finish. Deutsche telekom sees profit rising as the companys tmobile unit edges closer to stealing a landmark u. S. Deal. Just under 15 minutes away from the start of cash equity trading in europe, lets take a look. Irst off at futures green arrows across the board put futures up. 7 , more than 50 points right now on that optimism about more stimulus injections coming from beijing. Take a look at u. S. Futures for the second trading day of the week. Remember, shorten holiday week. Still have a solid seven hours until u. S. Markets start to think about opening up. Throughout the morning. Lets take a look at the risk indicators we can glean from the gm them here. In terms of equity indexes, you can see in asia, we have decent gains here. In terms of forex, we can see a intle bit of a mixed picture terms of the hong kong dollar and japanese yen, little changed, but we do see some yen strength. You see that in some other assets a