julianna tatelbaum is in london. matt, we'll start with you first. we did see some nice green finally in those asian markets >> absolutely. asian markets mostly in the money despite that woeful news for manufacturing numbers. china markets the strongest, up 3% after that contraction in pmi. australian market, proxy was lower ahead of a possible rate cut out of the central bank there tomorrow let's talk about the pmi data because we saw a big decline, 35.7 down from a reading of 50 in january we also had the private sector survey falling a reading 43.3. dom, back to you >> julianna tatelbaum is in london with the latest that green theme continues in european sessions. >> dom, that's right we saw a strong rebound at the open in europe with the stoxx 600 up more than 2% at one stage but the optimism has faded in the last hour or so, much like the developments you pointed to in u.s. futures. now the italian index has come under a great deal of pressure, down 1.9% italy remains the hub of the virus here in europe. 90% of the cases remain concentrated in t

julianna tatelbaum is in london. matt, we'll send things to you first. >> hi there, dom good morning it was a patchy picture across the asia-pacific markets today a number of the big ones in negative territory by the close, but we saw a whole bunch of measures out of a variety of economies here to try and stabilize the situation and prop things up, starting with china the pboc cutting the repo rate by 20 basis points the biggest cut since 2015 the shanghai market off by 1%. a big move in singapore, the central bank easing policy by flattening the band in which currency is allowed to move in singapore. it was the most aggressive we've seen since about 2009. especially moving the currency ban to zero. didn't help the singapore market, closed 3.4%. south korea announcing more stimulus measures with cash payments to families this is worth around about 5 to $6 billion it helped push the market into positive territory briefly the kospi finishing on the flat line take a look at australia one big movement to the upside becau

i'm joumanna bercetche >> and i'm julianna tatelbaum. these are your headlines more from the dow that dropped sharply lower since the emergency rate cut cleveland fed president said the action was warranted >> i was fully on board of it in the context of this really could morph into something that could affect business and consumer sentiment and investor sentiment. >> a chorus of asian bankers saying they'll take action and the bank of china also places easing >> china sectors and auto sales plummet. >>> u.s. futures turn higher after joe biden takes texas. california is still too close to call as the former vice president gets into the super tuesday spirit >> it is a good night and seems to be getting even better. they don't call it super tuesday for nothing. >> we have a very busy show talking about everything from super tuesday from that surprise rate cut for the month of february, we have the final services numbers that came in at 52.6 versus the flash estimate of 52.8 the final services number lower than the estimate. as for the com

dom, back to you >> thank you very much now to julianna tatelbaum in london tracking the early actionpe. julianna >> dom, despite the mixed messaging you highlighted there in terms of what we can expect, european markets are marching higher this morning. green across every region including italy, the ftse mib is up the italian market lagged and focused on the fall out. the worst outbreak in europe the german index, the dax up and also charging ahead. put this into context, we are still well off the highs seen last week. markets are pushing higher but we are lower than where we were at the beginning of the outbreak those parts of the market, travel and leisure also up a positive session in europe >> as for the u.s. markets, they continue wild moves from last week, major averages coming off the worst weekly skids since 2008 with the dow posting two separate losses. fears of a spreading outbreak rattled investors. stocks bounced back as indices snapped out of the correction territory. the best one-day point gain ever the best percentage gain since 2009 joining me now, head of global inve

i'm joumanna bercetche >> and i'm julianna tatelbaum. these are your headlines the rally fades in europe as the rally surges and amid beijing's $16 billion pledge >> no hugs or handshakes or press. reduced opec meeting getting under way. pushing back for even deeper supply cuts. >> whatever decision we will take, we will take i german autl to the bottom of the stoxx 600 and warns of weaker auto production for the year ahead. >>> hugo boss warns coronavirus will have significant impact as illness spreads through its key market saying the outbreak is having a serious impact on foot fall. >> the total traffic we have seen is almost an 80% drop we have seen significant decrease of traffic from last year >>> good morning welcome to "street signs." you can see behind me, european markets are not actually trading positive despite the big surge in wall street we saw yesterday. more than 1,000 for the dow. a very verse al of the fear that gripped the markets a couple of days ago you could also say there is a lot of expectation here hanging on wha

i'm julianna tatelbaum >> and i'm joumanna bercetche. these are your headlines >> european stock markets rebound sharply with minors and tech stocks leading the rally. >>> european financials also firmly in the green after the top central banks say they are ready to counter act the outbreak president trump praises the rate cut taking another swipe at the fed. >>> travel and leisure recover after ryanair continues to slash flights. >>> and bmw ceo is keeping a close eye. >> we don't see any large interruptions yet but we are monitoring closely we'll see what will happen but currently, all of your plants are operating. >>> we are just getting some data out of the uk construction data. that has come in at 52.6 this is a big jump versus 48.4 in january we got the manufacturing pmis for february slightly weaker than the slash we have these construction numbers coming out showing uk builders have returned to growth after the election that is the latest in terms of uk data. >> you've got to see how much that strength will last. especially on th

i'm julianna tatelbaum >> i'm joumanna bercetche.re your headlines european stocks rally bouncing back from the worst week while u.s. futures point to a higher open while investors bet on coordinated central bank action. >>> chinese equities closed higher shrugging off mainland activity in manufacturing. >> rationalitity doesn't help. we need to go back into the facts and the figures. based on that we decide. >> lufthansa cuts flights to italy, south korea and hong kong while the international air transportation system says the pandemic will slash prices by $1.5 million this year. >>> bruno lemaire says the virus will have more of an impact than previously thought >>> we've got the uk pmi numbers coming through we had earlier zone earlier this morning. uk factors feeling the effects of the coronavirus spread. the pmi came in 4.7 from the no change level of january. slitsly higher than the month previous that's the highest since april but slightly weaker than flash point. that is a healthy expansionary territory. this is for the month

. >> i'm julianna tatelbaum. here are your headlines. >> u.s. futures swing in early trade. >>> germany's ten-year yield moves deeper into negative territory as finance minister shoots down renewed calls for jointly issued coronavirus bonds. >>> oil prices continue to sink as demand dips and price wars loom with brent reaching its lowest level since 2002. >>> awe quarry tet of eurozone banks scrap their proposal after the ecb wants to preserve cash until october in a bid to maintain liquidity >>> the number of confirmed coronavirus globally has risen 723,000. the death toll has risen to 34,000 germany and france have started lockdown with germany. the number of deaths in italy has fallen for the second straight day tough restrictions remain in place. elsewhere china says it has posted a drop in new cases for the fourth consecutive day as beijing battles against a second outbreak of the virus. how are the markets reacting to it >> markets are trading on the back foot in europe. we are seeing some pretty substantial losses coming together in the e

parts there watching the market reaction as well matt taylor has the overnight action in asia julianna tatelbaumovernight action in europe matt, we'll start with you first. >> generally positive. but we'll call it mixed. australia, down 1.7% much stronger than expected q4 gdp numbers in australia following the rate cuts there. china markets positive, shanghai up about .06%. and monetary authority moving in lock step for reducing rates south korea was the sandotand outperformer today totally $9.8 billion with money going into small business support. with quarantine and child care, we saw the kospi up. the yen strong around the 107 level. bank of japan said the hit could be big and the central bank carefully watching developments there. we had the top topix slightly lower there. >> good morning. european markets are closing higher this morning. can you see the gains are fairly evenly spread across the different regions leading the uk higher the ftse 100 is about 1.4% higher across the board, investors are cheering the move yesterday. we are seeing a mounting of expectation around the potential for

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red arrows overnight a bit of a mixed picture matt taylor is in singapore and julianna tatelbaum is withfor more >>> it was a mixed performance we did have australia and new zealand moving hire. when we did have the picture sinking after the confirmation the u.s. stimulus package has been passed in the united states, we did see a number dropping in asia japan is dropping there amid a tokyo lockdown that really rattled the sentiment in japan strengthening the yen. the japanese market coming off the best two-day gain since 2008 a lot of stimulus and singapore out with a whoping $33billion package. most propping up wages and workers. the government will tap the national reserves to fund the aviation space the government pledging $350 million singapore dollars saying they want the airlines to emerge in good shape. showing a contraction of 10.6% on the first quarter on quarter 2.2% on year the indian market higher today announcing a $22 billion stimulus package as well aimed at lower income workers. that market rallying around 4% >>> to the early trade in europe where things have taken a turn

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