A massive New Cathedral dedicated to the military has left Many Russians uneasy. Lets bring you some breaking news fast turkey has launched a military operation against kurdish targets in Northern Iraq its Defense Ministry says warplanes have struck the kendall mountains targeting separatist fighters from the Kurdistan Workers Party or p k k as strikes have also been reported it melts and jaw turkey frequently targets pick a fight as in Northern Iraq and whats nearly a 4 decade long conflict well our correspondents and of course a outer joins me now on the line from istanbul so i mean this is obviously a developing story here what more do we know at this stage. Well yes this is another operation the church of comebacks in iraq against the outflow could solve a cathartic to k. K. What we know was thats a good time theyll pull a shim is in a wider scale than it has been ongoing since 9092. 00 for instance this time the Turkish Military especially the air force says it targets both east a
On in the session. And italy. Greece you can see that at the bottom of the screen. 54 basis points for the ecb. Significantly as well today, we have seen the fed extending the swap lines. I think this is really important because this dollar squeeze is right at the center of the market turmoil we are seeing at the moment, so we see had extended to countries like norway. Maybe not much of a movement today, but that is still up or down by 1. 7 versus the u. S. Dollar. Fall, buttinue to 0. 5 given the scale of some of the moves we have seen recently, i think we will call that well within the margin of error. Alix lets stay focused on Central Banks. They are taking dramatic action to stem the fallout from the coronavirus. The fed launched a program to support money market funds, and in europe, the ecb launched an emergency buying program with 820 billion. This morning we have new swap facilities for Central Banks in australia, brazil, south korea, mexico, etc. Paul donovan, ubs global chief
We have an exclusive interview. In hong kong the government is again rejecting calls for universal suffrage for the chief executive here. This as anger bubbled back on the streets of hong kong. Shery australian markets have just opened to trade. Lets turn to sophie for a check of what she is watching. Sophie we are seeing stocks gaining ground,. 1 with the stock market looking overheated and valuations and records. The latest, investors buying into the aussie stock rally. Environmental risk around the earnings estimates. Futures looking mixed. It is opening slightly lower, this nikkei futures under pressure ahead of japanese industrial output we will get later this morning along with taiwanese export numbers and jobless figures from hong kong. We are seeing new york crude. 1 , asground over investors consider the potential impact from the auction health in libya and iraq. Said this is a policy delay disruption and there could be a quick turnaround if there is a political solution. Liby
Nejra we wake up to retaliation from iran. We hear that this isnt war. Here are some of the market moves. Brent paring some of those gains. Gold strongly bid. Still firmly bid on that safe haven. Dollaryen as well trading a bit to the downside. We are coming off the highs for the yen. We switch the board and take a look at the 10 year treasury yields. We saw quite a precipitous drop at one point in the Asian Session, down 11 basis points. The 10 year treasury yield has actually dropped to below a trend line we have seen since september. We see asian equities on the back foot as well, but generally, equities paring some of the losses. After iran has said that this is the way,also, by volatility was created by the news of the boeing crash. When we got the technical issue headlines, we saw the market stabilize a little bit. A lot to digest. Iran retaliation. Iran has fired rockets at two iraqi airbases housing u. S. Troops in response to the killing of the general. Irans revolutionary gua
Influence across the region killed as he left the airport in back that along with others including the 2nd in command of the Popular Mobilization forces ever met the hundreds weve been hearing in the last few minutes from the iraqi president urging for calm and restraint and unity and in the in the hours leading up to this weve been hearing from various political leaders including the Prime Minister saying that a is this was a violation be this cannot be condoned in any way shape or form weve also heard from various political factions in iraq only how the and im ready and also the leader of the sudras bloc a book that al assads are saying that this is going to be to putting their forces on alert to some commanders calling them their their their forces on the ground their fighters on the ground valuing them telling them to be ready saying that this is the beginning of a great victory that was promised to them alluding to the ideological fight that they have been having with the United S