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I am francine lacqua. Manus it is. I am manus cranny. First, the global standoff. Shares plunged the most since 2000 seven. Francine that european stocks are down in the red. Commodity prices sinking to a 16 year low. Rest ine will have the a moment. Lets get at the very latest in europe. Caroline, take it away. Caroline disaster is what one chief officers calling it. We are seeing a major selloff. Shanghai composite, check that out. Down 8. 5 . The worst since 2007 despite moves by the Chinese Government to stem the bloodshed. They are trying to support with pensions. The rumors are reserve ratio cut to the banks that did not materialize. Down goes asia and the affect on your. We are in correction territory. And the effect on europe. We are a bear market. If we close at this level, we will between 2 of our previous high. Not one single stock is rising. Concerned about Global ....
Chinas late rate cut. The asian market had to wait to this morning to react to that. Lets get to david inglis. The s p 500 futures in indication of how the u. S. Might go. How was about playing out in asia . David similar. What we saw in asia was the futures down. As the morning progressed, things did get slightly better. Lets talk about the shanghai composite first. It is having one of those violent sessions, it opened slightly higher, swung down 3. 5 , went down to about 5 , now we are up 2 for the day. One cut, thank you, but analyst pointing out for us that he is saying yes, rate cuts help. But trading will 29. 93 is the, number for the shanghai composite. Japan is the big player right now. This is what is really listing the asiapacific benchmark at this point. Have a look of the japanese currency weakening right now. Money is getting out of risk back into the securities. 119. 69 is the number right now. That being said, you put all of this together, it should be a much better day ....
Markets at the moment, or down down is likely because investors were disappointed by president johns actions. The strike President Trumps actions. Funding the enterepreneurs well meet the man whose bank specialises in getting cash to small businesses. Rishi khosla , the boss of Oaknorth Bank will be here. And United Airlines, still trying to deal with the fall out from their overbooked flight, will now offer up to 10,000 to give up your seat. What would be your price . Let us know. Just use the hashtag bbcbizlive. Hello and a warm welcome to Business Live. Welcome to the programme. We start with President Trump because once again hes taken the Business World< ....
More rate hikes this year . Amazon ascends. The stock topped 1000 a share in the u. S. Yesterday but how much more room do stocks have to run with the record rally . We are half an hour away from the european open, from the open of cash trade. Take a look at where futures are trading right now. We are seeing gains for most european indexes, a little bit of a loss for dax futures but the futurese in action. We have not seen the asian news carry through yet as far as Index Futures go. Theo see it if you click on gmm screen, you can see in the forex, the renminbi, the yuan getting a big move. Anytime you have a black oxen the middle of one of the panels on a gmm screen that means youre seeing a move that is more than three standard deviations away from the 30 day average. You see it here in the renminbi on and off shore if we take that and and pull out the bonds commodities, youre going to see china highlighted again here as far as th ....