Stay updated with breaking news from Qe bank. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Good morning. Welcome to Worldwide Exchange on cnbc. Im sara eisen. Im wilfred frost. We look to be in for another roller coaster ride this morning, so buckle up. While you were sleeping, heres what happened in the markets. Chi chinas stocks got slammed with selling accelerating in the final hour of trade. The shanghai comp dropped to its lowest level in a year. Despite efforts to lift sentiment ahead of the Lunar New Year holiday. A big part of the story again is energy. Oil prices sliding back below 30 a barrel. Lets have a look at price action today. Were down by about 1 . Wti, 29. 95. Brent just above 30 as we look at things this morning. Stocks around the world are following asia lower this morning. Were looking at another Global Market selloff. Lets show you what u. S. Futures are doing. Theyve been hovering aro ....
Manus you are welcome to countdown. Anna welcome to the program. Weve got to talk about what we have seen coming out of japan this morning. A real surprise. Let us show you what happened to the dollaryen as a result. Economistst of 42 expected any expansion of stiff a stimulus and none of them godicted that rates would negative. That underlines how surprising this was. The yen instantly weakened. General kuroda really kicking the yen back down. . Ill it last canmuch of an effect quantitative easing continue to happen on market psychology . A chart showing the diminishing effect of the general kuroda surprise. We will also hear from him in. Close davos. The equity side of the story is this. We dropped 1. 7 . Youre still looking at an overall loss for the month. Up 9 . Tate is rocking, securities and commodity futures are ramping higher as well. The bottom is the bank banks. 330 Companies Reported on the topics today. They are m ....
Headlines this morning. European central bank keeping Interest Rates on hold. Investors are waiting for ecb president mario draghi to reveal plans of an asset buying program. The former head of the president ial Protection Branch will run the ac on an interim basis. He replaced julia basin, who quit. And a warning from Hong Kong Police. Toleratethey will not any attempts from protesters to publicd or invade buildings. Will escalatests unless the hong kong president steps down. Does i look like he will. Yesterday, it was our turn in the u. S. The dow is down 230 eight points. The s p index well over a full percent. An official bear market now. Airline stocks dragged down transports. In the markets of the jobs report now. The 51 51 billion global fund. Also, rachel evans. Thank you for joining us. And exciting day yes ....
I want to talk about bond markets, for me this is where things get frisky. Japanese government bonds they are defying me, but what you are seeing the government bonds have been negative in germany, the japanese went in tandem. Is it fear inflation or what is it . Is it deflation or fear of a bigger route of the equity markets. John williams says june is reasonable everybody is pushing and hedging and migrating their view on where the euro will go. Will the rate cycle happen this year . Can it happen this year . Global bonds are at their lowest yield since 1996. 1. 21 on a global basis. Does it create asset bubbles elsewhere . Not my job to know. 44 points for seven is where we are on west texas intermediate 44. 47 is where we are on west texas intermediate. There you go, oil is on lower. Three stocks which are in focus today. A little bit of retail. W m morrison looking for a new ceo, a stock up Dalton Phillips steps down or is s ....