U. S. And european stocks are hit by the worst rout since 1987, as the panic takes hold of markets. The today session offer brief relief . 5 trillion, the u. S. Central bank offers a huge liquidity, at least nominally, injection into the treasury market after the ecb stimulus measures fall short of combing investors. And delaying the worst. The u. K. Abandons its containment strategy as efforts to push back the peak of the virus takes precedence. New york city declares a state of emergency. We are just under an hour away from the start of cash trading across europe after we saw yesterday, the biggest drop for the stoxx 600 of all time, doubledigit losses yesterday in terms of the dax, more than 12 . The ftse mid was down 17 . Now we see a mixed picture in terms of futures. Dax futures are still down. Investors are still waiting for some kind of comment out of berlin. In terms of the fiscal help that Christine Lagarde, shirley wants, the market wants to hear about it to, and Angela Merk
Headlines from outside the business world. Emma chandra is here. Emma thank you, david. It was terrifying night on the Las Vegas Strip. Police say a gunman perched in the mandalay resort and casino opened fire on an outdoor music festival. The death toll keeps climbing. Eres the las vegas sheriff. The number of injured, i do not know yet. But we are looking in excess of 50 individuals dead and over 200 individuals injured at this point. Emma police swat units stormed the mandalay bay and killed the suspect in the shootout on the 32nd floor. Hes been named as steven paddock, a 64yearold las vegas resident with no known terror connection. Hes believed to have checked into the hotel as a guest. Authorities say theyve also located a woman who was described as a person of interest. Meanwhile, nearby Mccarran International airport has resumed operations. Some flights had been diverted to other airports during the shooting. And well bring you more on this developing story as it breaks. David