Eight days, getting a little bit of relief. Euro still seeing very strong buying in the treasury markets. You are buying equities, buying commodities, and buying treasuries. Thats what you are seeing into the weekend. Time now for global exchange, where we bring you todays market moving news from around the world, from washington to new york to london. Oil. Gin with the move and crude continuing to climb after its biggest ever single day gain. All trump says he may intervene in the price war between saudi arabia and russia that has rocked crude markets. Here was more is annmarie hordern. Intervene how, and does anyone care . Annmarie it is interesting how exactly he would do this. He said he has some power over the situation, and would get involved at the appropriate time, may be giving riyadh some chance to potentially swamp the world with oil and put the pressure on russia. Then we heard from president Vladimir Putin in an incredible scoop by our moscow bureau. He says they say he is
Travel and leisure recover after ryanrare continue to slash capacity and bmw ceo adds his company is operating as normal on the supply chains, we dont see any large disrupts. A warm welcome to street signs. Global finance ministers discussing a possible coordination to the responseof coronavirus. Listening to the call at 7 00 a. M. Eastern led by Steven Mnuchin and Jerome Powell. While the group is drafting a statement on countering the economic impact, it does not specifically call for coordinated Interest Rate cuts nevertheless, european markets are surging following wall streets lead yesterday. You can see the dax and the main benchmark up 2 . In italy, the mib facing a strong recovery up 2 . Yesterday, we saw italy underperform, in particular the italian Banking Sector on concerns of the virus weighing sentiment there. The impact this could have on bank balance sheets. We are seeing strong gains across the european session. You can see we have green across every single sector. Chem
Ahead of the Conference Call to the g7, leaders, a lot of focus will be on whether they will step in with coordinated action or words to assuage the markets. Ahead of that, markets are rising. The stock europe 600, 4 and the that saw a lot of losses because of the epicenter in europe still in italy, up today. The dax up. S p futures, gains across the board. A caveat. Yesterday, we saw similar gains and they peter off as the day went on. Today, there is expectation from g7 and that the fed will possibly step in. Lets get to the bloomberg first word news in new york city with Viviana Hurtado. With an update on the coronavirus. Governments around the world preparing for emergency measures to fight the outbreak. Drugmakers hope to have antiviral treatments ready within the month and vaccines by next year. Of cases number worldwide, topping 90,000 but reports suggest over half those people have now recovered or have been released from the hospital. Central bank, it has cut rates and signals
As always, you can find background and analysis on all our top stories on the bbc news website. Log on to bbc. Com news or download the bbc news app. Now were crossing live to singapore for Asia Business report. I the iphone goes pro. Apple unveils its latest range of devices but will its latest range of devices but will it be enough to beat the competition . Battery powered porsche sports cars electric models makes its frankfurt motor show debut. Good morning, asia, hello, world. It is a wednesday. Glad you could join us for this midweek edition of Asia Business report. I im rico hizon. We start off with apple because the Technology Giant has just unveiled its newest devices at its headquarters in california. But this year, the threat of new tariffs loomed over the companys Product Launch event. And even without that, some say apple is not innovating fast enough. To justify its some say apple is not innovating fast enough. Tojustify its high prices. We were there to get up close with
As american firms in china admit they are taking a hit from the ongoing trade war. And this is how the trading day has started in europe. Optimism in the air that governments, particularly germany, and Central Banks are about to invest to avoid a recession. Analysis on that and all these stories coming up for you shortly. And well be getting the inside track on learning english in a Virtual World from a boss who began in venezeula. And with thousands of shops closing here in the ukjust in the first half of this year, today were asking what it takes to get people back into their local shops. Perhaps the London Department store selfridges has the answer after it announced its opening a cinema. Let us know your thoughts. Just use the hashtag bbcbizlive. Perhaps it could be something as simple as free parking hello and welcome to business live. The worlds biggest tech giant apple has launched a new suite of products three new iphones, a new ipad and the fifth generation apple watch. It als