Germany sees the economy shrinking at least 5 . This, as fears of a virus followup could last for years. We hit our we will hear from ceo bill winters this hour. Haidi lets look at trading when it comes to australia. Asia looking softer, potentially modest bump up after u. S. Stocks saw the first gain in three days of losses. In new zealand, trading is dataway, retail sales is a point we will be looking at later to give us an indication, not super forwardlooking, but at least how things stand in terms of the fed rate period, asia excluding japan looks like it has had a flat week so far. That is u. S. Future. Waitinghe bond market, for the ava bond purchase, the aussie yield curve steepening ahead of the government announcing option plans for the coming week. We could see a bump up in primary activity, looking at the threeyear yield to and the week below target after the central bank boosted liquidity and calmed down money markets. We are watching banking stocks after they cut fees, one
And the u. S. Secretary of state makes a surprise visit to afghanistan to salvage a deal with the taliban. But convulsions there are a lot down of indias major cities has begun in one of the biggest single government moves to slow the spread of the coronavirus its capital new delhi the Business Capital by and cities such as chennai and calcutta monks them curfews are also in place nationwide and International Flights have been banned for a week japans Prime Minister shinzo now says the Tokyo Olympic games may need to be perspire and thats after weeks of insisting the major sporting event would go ahead as planned in july the dozens also of cuban doctors have arrived in italy to help Italian Health workers italy is one of the countries thats been hardest hit more than 5000 people have died. Lets join elizabeth purana mark ora spondon in new delhi youve been following events obviously been whats been going on obviously in india of the past 24 hours indians woke up to a new reality on mon
Secretary of state mike compares in afghanistan to help salvage the deal between washington and the taliban. Hundreds more people have died in spain and thousands more have been infected as europe struggles to contain the corona Virus Outbreak more than 460 people have died in spain in the last 24 hours pushing the death toll there to nearly 2200 a state of emergency has been extended and foreigners are barred from entry well Singapore Airlines has grounded nearly its entire fleet and follows decisions by emirates and Turkish Airlines to hold nearly all passenger flights many major travel hubs are closing down hong kong is banning all tourists from entering including those from Mainland China and india is looking down major cities to slow the spread of the virus curfews and. In place nationwide with International Flights banned for a week and in the coming hours the u. S. Senate is set to vote on a trillion dollar stimulus package but democrats say that republican proposals favored cor
Crisis. Class violence and guinea ahead of a controversial referendum that could extend the president s term in office. And wont be dissembled schools its beginning to look more likely the Olympic Games will be postponed as countries announce they wont be same big teams a bit of will definitely its also cool not to take place. Now hundreds more people have died in spain and thousands more have been infected as europe struggles to contain the corona Virus Outbreak more than 460. 00 people have died there in the last 24 hour as pushing the death toll to nearly 2200 a state of emergency has been extended and foreign as a band from entry Singapore Airlines has grounded nearly its entire fleet it follows decisions by emirates and takesh airlines to hold nearly all passenger flights many major travel hubs are closing down hong kong is now banning all tourists from entering including those from Mainland China india is looking down major cities to slow the spread of the virus curfews are in pl
European central bank announced a 750000000000. 00 euro package to mitigate the Economic Impact of the coronavirus meanwhile oil rebounded more than 20 percent after reaching the lowest level in 18 years this was the best day on record for oil there of course huge year to date losses still here there is so much to get the lets bring in who must cohost christiane who joins us from Los Angeles Christy what is happening in markets today. Well brant the 1st sentiment every morning still seems to be to sell everything although this morning was the 1st time in a week that there was no overnight limit up or down trying to hold in the s. And p. Futures perhaps it is the case that systematic funds now have little left to sell nearly 2600 of the 3100 n. Y. S. E. Names are currently on the short sell restricted list and were now approaching quad witching friday tomorrow which has historically resulted in increased volatility so the question is what did that people sell into well at the center of