worst day for about a month for asian stocks tokyo's nikkei finished almost 2 percent lower hong kong sydney and seoul dropped about one percent and there were losses as well in shanghai and in singapore the coronavirus death toll in england and wales could be up to 41 percent higher than previously reported the u.k.'s statistics office released new data that includes deaths from old age homes which weren't previously included in government data after declining for 2 days there's been a slight rise in new covert $1000.00 cases in germany just under $800.00 reported on tuesday bringing the total in europe's largest economy to around $143000.00 chancellor angela merkel's urged people to stay disciplined some shops were allowed to reopen and german authorities have cancelled this year's october 1st the world's biggest beer festival annual event usually attracts $6000000.00 tourists this will be the 1st time since world war 2 that won't happen that's my lot for today thank you for your company the latest edition of inside story is up next. as economic pain starts to bite worldwide here to the co

worst day for about a month for asian stocks tokyo's nikkei finished almost 2 percent lower hong kong sydney and seoul dropped about one percent each losses 2 in shanghai and singapore the current virus death toll in england wales is 41 percent higher than government figures indicate according to the u.k.'s office for national statistics the o.m.'s said it recorded just over 13000 by april the 10th but the government's toll for those who died in hospital until then was around 9000 paul brennan is in london now on why the government and the o n s a saying 2 different things. the discrepancy is essentially because the they're not comparing quite like for like but the question is which is the most accurate which is that which is giving the best picture of the reality here in england and wales and you have to say that was probably the masses and therefore the accusation against the government figures is they're underestimating the scale of the infection in england wales was the to 6 are as follows what the ins found was that total deaths up to april the 10th were. 13121 of them involving 19 but

the worst day for about a month in asian stocks tokyo's nikkei finished almost 2 percent dumb hong kong sydney seoul off one percent and shanghai and singapore down as well so difficult pollen in hong kong pretty poor picture right across europe and asia there how the asian markets responding now welcome all the message that asian markets are hearing is that the u.s. economy is in trouble and it's likely to have a huge uphill battle in trying to revive its economy and that's balance effect the global economy economic recovery and you're feeling the ripple effects here in the stock markets across asia as you said there many of the markets closing down or edging downwards to the close but what's also interesting is china although it is closing in negative territory it seems to have been boid by certain stocks that have to do with the oil markets talks particularly not necessarily oil companies or refineries but stocks that have to do with distribution and storage and i want to say that's because china is slightly trying to boost up its oil reserves in other words take advantage of these extremel

in a month after the us oil price crash the nikkei in tokyo was all foremost 2 percent also hong kong sydney in seoul dropped around one percent as well and things fell in shanghai and singapore as well so did we go pollen in hong kong not a great day on the asian markets are they responding no come all the message that stock markets across asia are getting is that the u.s. is going to have a tough uphill battle in its economic recovery and that will have reverberations across the global economy and therefore you're feeling the ripple effect here in asia as you've mentioned there most markets across the board are down the hang seng index down nearly 2 and a half percent but it's interesting that the chinese market somehow seemed to be questioned from this they have shed about one percent that's the shanghai composite index and analysts are saying that's mainly due to the fact that china is taking advantage of this major drop in oil prices they're doing some bargain hunting here and they're buying our oil at rock bottom prices china is one of the world's biggest importers of oil one of the bi

after the worst day for about a month in asia tokyo's nikkei finished almost 2 percent lower hong kong sydney seoul they were all off one percent and shanghai and singapore fell. well this price crash in the u.s. is also having a major impact further north canada is actually the largest foreign supplier of crude to the united states david mercer reports now from the heart of the canadian oil industry in alberta. where the drilling is stalled and redundancies of style sit. around for more than 16 years glenn karat has been providing fire and safety management in the heart of canada's oil industry with 3 shops and dozens of vehicles the business owner would normally have 40 to 50 employees working at oil and gas sites around western canada but these days he's down to just 5 or 6 workers while hundreds of thousands of dollars of least equipment sits idle it's disheartening to have people sitting at home they're following me on a regular basis to find out if we're going back to work and the bills keep piling up and you know if we don't have all this equipment out work and it's cost a lot of money

the worst day for about a month for asian stocks took years nikkei finished almost 2 percent hong kong sydney and so dropping about one percent each losses 2 in shanghai and singapore there we are that's what's going on right now in wall street down 2 point one percent standing at 23151 that market has opened just in the past 2 minutes or so let's stay on wall street let's go to our correspondent gabriel elizondo so it's not up and down gabe it's done burned down. yeah that's right and this is sort of what we're expecting because the dow futures overnight were down about 500 points too so any hope that the market was going to rally at the opening bell were dispelled very quickly in the last 2 minutes or so when the markets opened we expect that this could be another ugly day on wall street as traders try to figure out what is going to be happening with the crude oil prices what's particularly troubling to some of the traders here is that the oil prices down the road next month also are looking bad as well so this isn't necessarily a potentially short term deal that we're having here they're l

was the worst day for about a month for asian stocks tokyo's nikkei finished almost 2 percent hong kong sydney and seoul dropping about one percentage point each loss is 2 in shanghai and singapore live now to hong kong and our correspondent following those crucial asian markets did you go parlance or did you have they rallied a tall today during the course of the trading day. well peter they have all ended the day in the red it all in negative territory and what they're reacting to is not necessarily just the price of oil those historic lows they're also reacting to the narrative the message that the u.s. the world's top crude oil producer is sending its economy has already been hit by the pandemic and now it's saying that it's going to be a massive uphill battle to get the economy back on its feet and the reverberations for of that on the global economy is making investors here in asia very nervous so it sent stock markets. plunging not necessarily massive amounts but enough to make investors here very uncomfortable now one of the stock markets that i've been watching closely throughout the

we've had participants and runners from all across the globe from sydney to the cayman islands to hong kong to toronto which is the amazing altogether that's been now over 30000 runners with outdoor exercise offering a welcome rest bike from the home olivia will continue running her campaign as long as the n.h.s. says it's ok to do so. while the n.h.s. say that it's still a good thing to do for mental health for your mean system i think that we should really use you know. our one form of exercise a day to be able to put us at livi as targets of raising a quarter of a 1000000 euros will surely be left for dust with the campaign still picking up pace. with football leagues across europe suspended in players ordered to stay home like everybody else russian premier league club senate st petersburg came up with a clever way to present their player of the month award check it out they did it by drone brazilian forward malcolm x. . that his trophy through the open window of his apartment before thanking fans for their votes. leaks in russia have been suspended until further notice in line with mos

we've had participants and runners from all across the globe from sydney to the cayman islands to hong kong to toronto which is a maze thing altogether that's been an hour. with outdoor exercise offering a welcome rest but from the home livia will continue running her campaign as long as the n.h.s. says it's ok to do so. say that it's still a good thing to do for mental health for your mean system i think that we should really use you know. one form of exercise a day to get. the livia's targets of raising a quarter of a 1000000 euros will surely be left to dust with the campaign still picking up pace . with football leagues across europe suspended and players ordered to stay home like everybody else russian premier league club senate st petersburg came up with a creative way to present their player of the month award it's by drone brazilian forward malcolm accepted his trophy through the open window of his apartment before thanking fans for their votes leagues in russia have been suspended until further notice in line with most other european countries there's still no word on when or if th

markets futures point to lower openings in sydney and hong kong.in asian trading after another collapse overnight, slumping demand pushing june futures nearer to $10 a barrel. the coronavirus keeps billions at home and many are watching lots of television. netflix jumps but investors are asking how long the binge will last. sophie kamaruddin is in hong kong for us. we see the volatility continue. checking in on brent futures, we are seeing them gain ground. theping more than 20% into close on tuesday. ice preparing for negative training while cme is allowing options.ive wti above $14ery trading a burial -- $14 a barrel. 225 extending losses for a third session. has sydneyff by 2% has the worst drop in the benchmark in more than a month. we are keeping eyes on beach energy and challenger. let's check in on what is going on with other assets. treasuries after the overnight rally, a quiet start for u.s. yield. jp morgan pointing out that investor positioning has swung back to neutral. aussie bonds, little changed. calmed money markets in australia. go

in sydney, 8:30 a.m. in hong kong. don't miss it.his is bloomberg. ♪ shery: this is the biggest week of the quarterly earnings season in the u.s. i third of the companies in the s&p 500 including alphabet, facebook and apple are reporting the guidance that comes from them could be a major factor in the direction of the broader stock market. carol pepper is ceo of pepper international and manager for high net worth investors. it is way too heavy with us. could we see another opportunity to buy after the earnings season is done for those investors that missed on the march lows? carol: yes. hi. i do think so. i think this week will be a week of euphoria but the markets are ahead of earnings announcements. for those that missed the loans, wait a little bit and you will probably have better entry points next week. tory: when it comes investing in the stock market and keeping some capital cash on hand, what are you advising your clients? carol: i work with over $100 million in net worth. these tend to be multigenerational, long-term invest

hong kong time. you can watch it from sydney at 3:15 p.m. taking a 2.2 million aussie dollar first half impairment chart. covid-19 impact on banks remains highly uncertain. they are also saying capital inspectedmarch 31 are to be 10.8% again. westpac taking a 2.2 billion aussie dollar first half impairment charge. we will have plenty more on "daybreak asia." this is bloomberg. ♪ these days staying connected is more important than ever. so we're working 24/7 to maintain a reliable network, to meet your growing internet needs. we're helping customers who are experiencing financial difficulties stay connected. we're increasing internet speeds for low income families in our internet essentials program. and delivering self-install kits to your door. nos comprometemos a mantenerte conectado. we're committed to keeping you connected. for more information on how you can stay connected, visit xfinity.com/prepare. there are times when our need to connect really matters. to keep customers and employees in the know. to keep business moving. comcast busi

even across asia, there is significant distance of 3% up in tokyo and sydney versus just over half a percent in hong kongsomewhere in the middle. -- the of town bank of thailand downplayed it. it is still completely hostage in the short-term. i don't think you are getting the right answer, even if it is pricing. because to watch that we get solid news about the virus, and maybe that is an argument in the short-term. but we still have long-term structural problems to face as well. it is not an absolute bargain that people are saying it is, but it could go either way. to your point, the s&p is up 15% from its lows. you say we could see a possible 40% downside from here, even though that is not your base case scenario. what will take us there? what will be the catalyst? paul: in the short-term, it is purely about news flow. it is about corona, it is about news out of the white house about it. it is really hostage entirely to the news flow in the short-term. we aree to remember, hadt 6% off the peak we last tuesday. even in the space of a week, the volatility we are getting is slow day today. we still have d

being labeled as trash that needs to be sorted to sydney so be an issue that's no doubt developing in one jar or right sarah clarke reporting from hong kong. the u.k. government is responding to further criticism that it hasn't done enough to provide protective equipment to medical workers unions are warning doctors nurses are putting their lives at risk about 19 health care workers have died after contracting the virus while treating people the death toll is nearly 10000 people i'm sorry if people feel that they're happy failings i'll be very very clear about that but at the same time we are in an unknown in an unprecedented global health pandemic right now it is inevitable that the demand and the pressures on p.p. and the demand for p.p. are going to be exponential they're going to be incredibly high and of course we are trying to address that as a government and i think that is right that is our priority prisoners have rioted at a jail in southern bolivia to complain that conditions are ripe for the spread of coronavirus inmates protested on the roof demanding masks and proper protection police responded with tear gas the government ha

hong kong, the first ritual bank to do so. -- virtual bank to do so. this is bloomberg. ♪ this is bloomberg. ♪ haidi: sydneyst peacetime -- police resupplied five cruise ship so they could leave further homeport. -- for their home port. this has been kind of a controversy on how they have been dealt with the best two weeks. the was a lengthy standoff over the fate of these ships which were hovering off of the australian coast for a number of weeks. five of those have been restocked, food, fuel and water. 1500 through move before this between those and now they are on their way back home. critically one ship remains. that is the ruby princess. it is a very controversial story. homicide detectives have launched a criminal probe into the ship because a -- it docked on march 19 and 2700 passengers got off without screening despite some of them showing symptoms. that was a horrifying moment for the authorities in new south wales as they all dispersed across australia. the ship is now australia's single largest factor for the transmission of the run a virus. 600 people now on it tested positive. 11 passengers are

hong kong prior to the coronavirus. this one is an eye popper. cafes flights twice a week to london, l.a., vancouver, and sydney.hey operate to weekly flights for long-haul destinations. crawling back and cutting back their flights even further. coming up on the show coming u.s. jobless claims have hit a record is america's days home. we will survey the data and preview the payroll numbers due later. this is bloomberg. ♪ >> the lockdown is producing 3% negative growth each month. obviously, this doesn't mean that after the lockdown will finish, the rebound will be immediate. ♪ now, claims for new unemployment benefits in the u.s. underscore how swiftly massive drop cuts are permeating the labor market. investors bracing for the first drop in payrolls since lehman went under in 2008 and kicked off the great recession. kathleen hays is here with the numbers. is the coronavirus at the point now where it is greater -- cratering the u.s. economy despite the stimulus? kathleen: we know the labor market is the hardest in any economy. we are seeing that it is pretty damaged, already wreaking on the u.s. economy. in beij

sydney. i'm tom mackenzie. we will check in on the markets. we are seeing green on the screen in mainland china. hong kong was looking less promising than what we saw in shanghai. we will take a look at how things are playing up. nikkei is down 1%. -- hong kong is not in a pretty picture today compared to mainland china. 4/10 of 1%. china, the council wanting to see more liquidity. is up 3%. , pressure on the markets in the weeks ahead. still pumping more oil into the market from saudi arabia. it comes to the coronavirus story that continues to dominate, president trump says the u.s. should be prepared for a painful couple of weeks. infection rates continue to rise in the u.s.. we are hopefully seeing some stabilization in countries like spain and italy. overall, the global infection rate has passed 800,000. yvonne. avon: the ecb scrapping european banks. that's what is weighing on the hang seng. earnings coming through, really a key indicator in the next couple of weeks. autos reacting negatively. down six .5%. the pboc should impact further cash injections and local authorities should issue more infrast

artist in hong kong, australia, set to reopen after the four day long weekend to the easter holidays. it's got some investor perspective from shane. he joins us from sydneyyou have wall street firms sticking closely to their year despite 10% of s&p firms withdrawing guidance and delaying guidance with macro uncertainty arising from the lockdowns and the pandemic impact on the economy. i am wondering how that has changed the way that you invest and approach this earnings season, because even with the guidance that you do get, surely you have to take that with a grain of salt? shane: you certainly do. the normal things we used to give you guidance from a macro point of view, you also have the bottom-up point of view, sort of left reliable in this environment because there's so many unknowns, and even when we members, -- it will be released for the march quarter. they are likely to be down substantially. even then, you look to the outlook statements to some degree and there'll be more uncertainty around those. you have to be a lot more cautious coming into this. it will not provide the usual the glee of clarity -- degree of clarity you would normally expect