It seems to be working his magic when it comes to boosting sentiment on the markets. When it comes to the growing power, it is pretty good. s are talking about china manufacturing pmi numbers coming in at record lows. These are all falling into contraction territory. As heidi mentioned, the markets are ignoring all of this because of the latest hints we got the boj action. A check on the markets and how they are tracking with sarah. There is nothing like higher coordinated central bank stimulus. We have seen this dark shift in sentiment. We see the pacific Index Trading modestly higher. The nikkei 225 is higher after falling as much as 1. 5 . We see Mainland China stocks leading gains. This is of more than 1 after the beating we saw last week. Off. 3 . Re theme point, we saw training back in positive territory. We are seeing some fluctuation. Gold is coming off of its highs and trading lower than 1600. At the same time, we see the japanese yen trading a little higher against the dollar
Poor globalise continue to face an unprecedented challenge is that from the corner Virus Outbreak several in this thread any teams are in a lockdown plus the Australian Company has been called off the day after on the climb them but tested positive. Ok lets get going beginning this news with the Global Financial markets the fallout from the coronavirus pandemic has sent stocks into negative territory not seen in 3 decades the u. S. Markets so their biggest one day losses since the crash of 1987 after that asian markets dipped by as much as 10 percent on friday then they did rebound slightly but so far trading in europe is going in the opposite direction meanwhile this fast moving story is seeing governments taking tougher measures to. Stop the spread of the virus while trying to calm the fears of people facing layoffs a change in their travel plans and children who arent in school lets get right to it starts off we have rob mcbride in seoul to take in the developments across asia and e
In the red the cost be index that south koreas index down 3 and a half percent more than one percent drop in the hang seng index from hong kong all of this volatility has had a number of the Central Bank Executives running around meeting with their counterparts in finance ministries in the capitals of asia really looking at strategies for should they intervene can they intervene to strategies like buying back bonds to support the markets maybe cutting Interest Rates but of course central bank Interest Rates are already at historical lows in japan its 0 kenya now confirming its 1st case of coronavirus it is reportedly a woman who traveled both to the United States and london. This. Was. On the 12th which was. The 1st one to be in kenya since the beginning of the outbreak in china. Yes it is ok yes it isnt. Troubled but you know robi its only from the United States of america. United kingdom on the 5th of march. In the u. S. A Top Health Official says the government is failing to account