let us now go worldwide with red arrows across the board in asia and europe matt taylor is in singapore. 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 on

matt taylor is in singapore.oss to you first. >> it was a mostly positive session for the asia-pacific market seemingly shrugging off most of the futures in this session. japan heading up near 4% with the best weekly gain on record japan was up 17% this week despite the yen strengthening sitting at that 108 level. china markers were firmer despite weaker data. industrials falling by more than 40% in the february period ending down more harsh measures being imposed. new arrivals must isolate in hotels for 14 days in india there, we are seeing moves go higher. cutting the repo rate by 75 basis points you can see the india market shy there. >>> now to geoff cutmore with more >> we are off more than 2.5% across the european blue chips this morning we have been spooked here by the rising infections in the united states overnight of course, we are seeing a lack of real policy unity here. we had a council meeting at the eu level they failed to agree on euro bonds or coronavirus bonds, what they are calling them. there i

we have global team coverage matt taylor is in singapore, karen tso is in london >> thank you a strong showing indeed for the markets in asia. as u.s. futures traded higher, we saw a number of these markets making some strong gain. japan rising for the second consecutive day the nikkei closing up by 7% a softer yen around that 110 level. south korea rebounding after steep declines the market up almost 9%. the biggest one-day percentage game for the kospi since 2008. sang high was the laggard. on the virus front, hubei saying it will relax travel restrictions there from the 25th but the city will hubei, itself will have to wait until april 8. in hong kong, up around 4% yesterday, that city said it will be shutting down all tourist arrivals up some 967 points >> impressive numbers there. up 8% in south korea getting to europe with karen tso in our london news room. good morning >> reporter: we are strong from the outset this morning. europeans know how to respond. the rally coming quickly on to the boards this morning. if you look at the benchmark, we are only claiming back yesterday's l

matt taylor has overnight trade in asia. karen tzo is in london and eamon javers is in washington, d.c. where lawmakers are eyeing a fourth change matt taylor, we'll begin with you. asian markets are mixed on this trading day. we are seeing a number of markets losing steam that correlated with a move lower when it came futures we are focusing on china today the market there ending with modest gains we have a big bounce back. the official pmi for march surging back with a reading of 52 up from the record low of 35.7 we saw in february. expectations would be for another month of contraction given that the coronavirus shut down to a number greater than 45 many relying on the greater numbers when we get the private sector out in services later on in the week. when it comes to the shanghai composite year to date 9.8% is the number there the shanghai is off about a quarter percent. a worst quarter for the nikkei since the fourth quarter 2008. even worse is the australian market up 2.3% at one point year to date, that market down a

matt taylor is in singapore. 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

now it's time for a look at the weather with matt taylor. hello. after a blustery weekend, the winds will ease down tonight. that will lead to a cold night with some frost and ice around. ice particularly where the wintry showers continue through the night, the west of scotland, northern ireland and north—west england as well as north wales. some clearer skies away from that, the exception being across southern counties of england. now temperatures should hold above freezing for many, outbreaks of rain spreading away eastwards, but it is going to be cold enough for some sleet and snow mixed in. there could be a temporary covering of snow across the moors, the cotswolds, the chilterns as well, and maybe a few flakes of snow mixed in with the rain across east anglia and south—east england first thing in the morning. now that will clear through. the skies will brighten. a sunny afternoon and many eastern areas will stay sunny throughout the afternoon. in the west, though, a few showers in the morning, maybe a few more in the afternoon, but not as many

. >> a lot of moving parts there watching the market reaction as well matt taylor has the overnight actionia julianna tatelbaum with overnight 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 expectati

now the weather, with matt taylor.s of the uk today, and with that a very raw winds, making it feel very cold across england and wales. the snow showers in northern england and in parts of scotland. rain showers further south. at most today will be dry. varying amounts of cloud, but there will be some sunshine breaking through, so some longer sunny spells nature this afternoon. it is here we see the winds at the strongest. in eastern england, the biggest effect on how it will fail. temperatures below are the should be for this time of year. 0ut below are the should be for this time of year. out on the wind and it will feel closer to freezing. a chilly day in store. with us having to british summer time, the evenings will be lighter for longer. here to british summer time, the evenings will be lighterfor longer. here is an example of some of the sun ship —— some sad times later. into this evening and overnight, the showers will still continue across parts of northern england and northern scotland, as well as down throug

now it's time for a look at the weather with matt taylor. hello this is bbc news with shaun ley.m coronavirus in the uk — a rise of 209. the prime minister sends a letter to every household warning the crisis will get worse before it gets better. 10,000 people in italy have died from the virus — the biggest death toll in the world — but ministers hope infections have now reached their peak. another 838 people die from coronavirus in spain, marking the country's highest daily number of deaths. president trump decides not to impose quarantine on new york and two adjoining states, despite saying yesterday that he was considering the move. south korea says it will quarantine all new arrivals from overseas for a fortnight. officials say half of all new confirmed cases in recent days have been diagnosed in people who have come into the country. our correspondent laura bicker was at incheon airport as a flight arrived from london. this setup is all about protecting south korea from a fresh outbreak of coronavirus. all arrivals from europe will be tested at one of the stations. there are

now it's time for a look at the weather with matt taylor.the clocks may have taken a step forward, but the weather has taken a step back. there is a pretty one or more wind making it feel especially cold across england and wales. moving to england across parts of scotland. a few rain showers further south. mostly dry, and certainly western areas staying dry throughout. varying amounts of clouds. some sunshine breaking through. some sunny spells later this afternoon in the south and east. in eastern england, the biggest effect on how it will feel. already below where they should be for the time of year. add in that wind and it should be pretty freezing for most of you. turning into summer british time, it means that wind and it should be pretty freezing for most of you. turning into british summer time, it means the evenings will be lighter for longer. here is an example for some of the sunset times across your slice overnight, the showers will still continue over parts of northern england and scotland. many parts in central western areas wil

now it's time for a look at the weather with matt taylor. hello. forward to british summer time, the weather has taken a step back into winter have already seen some sleet and snow showers across parts of the uk today and, to go with that, a pretty raw wind, making it feel especially cold across england and wales. still showers, mainly across northern england and through parts of scotland. some of those will continue this afternoon. a few rain showers further south, but, actually, most will be dry and certainly across western areas, staying dry throughout. varying amounts of cloud but there will be some sunshine breaking through, so some longer sunny spells potentially later this afternoon towards the south and east, but it is here we will see the winds are the strongest and across eastern england, the biggest effect on how it will feel. temperatures already below where they should be for the time of the year and in that wind, it will feel closer to around freezing for many of you. so a pretty chilly day in store but, of course, without heading int

-> 4294966103:13:29,430 south carolina, the former now it's time for a look at the weather with matt taylorill be completely dry, but compared to what we see, nowhere near as wet 01’ to what we see, nowhere near as wet or windy, thejet to what we see, nowhere near as wet or windy, the jet stream to what we see, nowhere near as wet or windy, thejet stream has to what we see, nowhere near as wet or windy, the jet stream has taken a new subcontract, and that means for us, on the colder side, so it will bea us, on the colder side, so it will be a little bit chilly, particularly by night, you will notice that tonight, but notice where the weather fronts are, tonight, but notice where the weatherfronts are, mainly tonight, but notice where the weather fronts are, mainly across france. 0ne weather fronts are, mainly across france. one is clipping across southern counties as we go through the night, and that is it here pushing across the of england. the cotswolds, the chilterns to my few full fla kes cotswolds, the chilterns to my few full flakes of snow mixed income east anglia, other parts of sou

. >>> checking the global market action we have matt taylor standing by for the early trade in europe. matt, i'll go to you first >> it was a really patchy picture for the asian markets. we had some markets moving higher some lower by the close. the only trend was that we did see some markets improve through the futures japan ending modestly high the government saying it will offset tax cuts no trade in the philippines. that market closed indefinitely in response to the virus take a look at the china markets. the hang seng and the hong kong ended higher shanghai down around a third of 1% hong kong saying it will join others around the region and the world and implement that 14-day self-quarantine for foreign visitors coming into the country. take a look at the new zealand market lower on the day but we got a big stimulus package $12.1 kiwi dollars significant going to wage subsidies for those hard hit yesterday, australia was the lagarde. the best performer we are expecting a second wave of stimulus there possibly as early as tomorrow. >>> to the early trade in europe, which is simila

now the weather with matt taylor. a lot more cloud compute in recent days. to go with it. that gets colder across scotland. showers and a mixture of rain, sleet and snow was between. large amounts of cloud, northern ireland much sunnier compared to the rest of the country and for england and wales, temperatures dropping throughout. if you rangers here and there but a lot more cloud, best of the centring to the southern and eastern coast —— rain showers. they whence came to strengthen, cloud amounts will come and go through the nights, it's a temperatures will be up a chance with the frost anywhere away from some of these eastern coastal counties of england ready breeze will be of the strongest moral. that will be of the strongest moral. that will give tomorrow an extra bit of added wind chill, close to freezing for some. lots of cloud around, but many stay dry despite few showers. hello, this is bbc news. the headlines: tests for front line nhs staff begin in england this weekend, ten days after wales started theirs, following heavy criticism over a lack of

shores we have global team coverage matt taylor is in sing toapore, karen in london and tracie potts in washington and going to houston for market insight matt, we'll start with you >> a sharply weaker day. talking three, four, five, six, even 7% down china market is the best but still down 1.5%. saying the country has passed the peek when it comes to the coronavirus cases. hong kong down 3.6%. india down more than 8%. japan more than 5% south korea off by 3.8%. japan back in bear market territory. the lowest level since april 2017 the australia market was the worst with the exception of india which can is down 7.4% we are off some 26% from the recent high from last month. 17.6 billion australian dollars. much of that in cash handouts. the market reacting negatively off 421 points you were talking about the travel band, we did see an adverse reaction of travel stocks cathay pacific down more than 4%, japan down, qantas down. >>> karen joins us from london with the early trade >> good morning. european investors not going to flat footed. despite those vicious selling moves. some what o

matt taylor is in singapore. ters tracking troubles facing airline stocks the chief investment officer tracking now matt, let's get started with you. >> a rough session for asian markets. they are well and truly closing off the session as we saw u.s. futures tip back in. still a number of markets fall into bear territory. ending down. the taiwan market, the south korean market we saw circuit breakers there the market ending down 3% or 4%. we saw circuit breakers trigger there. you can see here around 3.4% the japanese market was the worst performer of the day we continue to see a weakening now and some big moves 105.98 is where we are sitting tokyo down more than 10% at one point. down 6.1%. the biggest loss since june 2016 now to a november 2016 low looking at australia, we were down by 8% at one point. a rally into the close as you can see here, making big reversals to end up by more than 4% courtney, back to you. >> of course, australia had that very deep sell off let's get over to steve for early trade in euro

matt taylor is live from singapore. so the first of the corona cutters outside of china >> right we've had two here in the asia pacific session. we did see the currency move higher despite the cut, cutting rates to a new low we have been told we could see a surprise cut the rba says the coronavirus has clouded the short-term outlook on the economy when it comes to tourism education. once the virus is contained, it says the economy will return malaysia central bank cutting taking its benchmark rate to 2.5%, which is the lowest level in about 10 years. we did see a fair bit of green new zealand was the best performer today. australia about.75% higher we were doing better causing a little disappointment out there that we didn't get 50 basis points japan was trading higher, then we saw a lot of money around the japanese yen pressure on the market, lower at the close, at one point, 2.2%. >> thank you for bringing us the latest from the asia session president trump has praised the reserve bank of australia move as using it as

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

team coverage julianna tatelbaum is live in london following the early action let's start with matt taylor asia performed overnight and we are speaking of a situation where green is on the screens. >> absolutely. i'm going to kick it off with the reserve bank of australia to that new record low. the australian market higher well off the highs of the session up by more than 1% we even have the australian dollar making gains as well with the increased rate cut in the outlook for australia continuing to have an impact on the economy like tourism the australian economy will return to the economy and it does stand ready to act tomorrow elsewhere in the malaysia central bank cutting rates by 25 basis points cutting that rate to 2.5% or around a 10-year low. australia, new zealand was the outperformer today we did see the china markets hong kong just closing on the flat line. a lot of money going back to the safety of the japanese yen trading around that 107 level. that really hit the japanese market up sharply at one point but closed the session down about 1.2% or some 261 points. dom, back to y

yesterday "worldwide exchange" has your global team coverage following all of the action this morning matt taylor, geoff cutmore has the early european trade and eamon javers is standing by in washington with the white house response. matt, let's start with you >> hi, there, courtney as the markets are staging a bounce-back today. new zealand as you can see here down about 1.7%, but hopes of more fiscal stimulus generally to helping out the markets we say an average gain of around 2% japan was an underperformer but staged a late day turnaround we saw the market up by 0.9% we saw the yep weaken and the prime minister is going to implement whatever is needed to offset the impact of the virus the china markets, green right across the board here. and the shanghai is up about 1.8% inflation data, consumer prices are rising in february but the factory shutdown hitting producer prices which sanction by 0.4% on year in that month. now, the australian market it was the outperformer today the underperformer yesterday bouncing back by about 3% today. in fact, we saw a 7% intraday move in the australian mark

3% in the early going at just over $92 a share we have global team coverage for you this morning matt taylors in singapore with a look at asian markets. karen cho is in london following the early trade in europe and eamon javers is with the stimulus fight on capitol hill matt, we'll tart with you. >> we saw a weaker picture across the asian markets, rattled by the drop in futures a number of markets seeing circuit wraekers kick in india declining by 10% at one point, triggering a hold in south korea as well. the japanese market managing to move higher. we had a gain for the nikkei 225 of around 2%, that market supported by the weakening japanese yen when sits around the 110 level. south korea trading limit down at one point, off by 8% at the lows of the day but ending down by 5%. things a little more contained when it came to the mainland china market shanghai down by 3%. hong kong down by 4% in the last little while it was announced hong kong will be banning all tourist arrivals into that city from wednesday and not serving alcohol in any bars new zealand, a sharp decline there. the prime m

matt: taylor, thanks very much. taylor, putting in late-night duty in new york city.will keep you updated as we get more results through the day. senior us in berlin, the transatlantic fellow at the think take the german marshall fund of the united states. what do you take from -- he's been called the comeback kid. biden had this late surge. we saw that charge taylor was showing. it is pretty amazing, the gains he made. what does that mean to you. ? >> as her correspondent said, certainly a win for joe biden last night and i think it means the u.s. electorate is saying we want restoration rather than transformation or revolution. playbook ofe the nancy pelosi from 2018, meaning moving to the way to win elections in the u.s. seems to be the signal we are hearing after last night. anna: good morning to you. what is the implication of what we have seen in the democrat race for europe. a horse inope have this race? >> absolutely and this will be cast more about can the democrats win against president trump? post policy makers berlin and i imagine other capitals are thinki

now it's time for a look at the weather with matt taylor the son has brought on the spring blossom, more day stays fairly cloudy, particularly across the mainland, through central, eastern and southern parts. the chance of some heavy showers here and there, rain and drizzle, quite murky over the hills. a bit of cloud lingering across eastern northern ireland. england and wales, sunshine throughout. onshore breeze, temperatures eight or 9 degrees along eastern coasts, but west and wales could hit 16 or 18 degrees. we are not going to see temperatures like that over the next few days, this cold front will introduce ever colder air. showers in northern parts of scotland. elsewhere, it stays dry. frost in the south, may be frost in the north. through this weekend, and added wind—chill to make it feel even colder for all of us. see you soon. this is bbc news with the latest headlines for viewers in the uk and around the world. america passes china and italy to record the highest number of coronavirus cases, 83,500. president trump says it shows the us health services are working. it's a tribu

it could be bad news for matt taylor. they don't think you are ever grumpy. never. the weather, unfortunately. some of you will have grapes today. a very good morning to you. it may be the start of the summertime today with the clocks going forward overnight, but it isa clocks going forward overnight, but it is a step back to the winter for some of us. it will be a day in which a cold wind will be blowing on some of you, yes, a little sleet and snow around. let me give you this chart. the orange colours away the warmer than a richard temperatures. we are in the blue. temperatures for—5d lower than where should be. a cold north north—easterly wind, which is bringing the drop in temperature. eastern parts of england into eastern scotland, sleet and snow across parts of the north—east of england, south—east scotland. away from that, most start dry. a cold start, frost here and there. most just above freezing. cloud around. some sunshine, the best of which across east anglia and the south—east. heavy showers through the day. windy for england and wales, temperatures cou

don't know what the weather holds this weekend but matt taylor does. good morning. good morning.s. the big story, whether you have got the sunshine or the cloud, it would be chillier. we are dragging air all the way from greenland and the arctic pushing down towards the north of spain. out there today, even though there will be some sunshine at times, the best of which will be in southern counties of england, maybe towards the west as well, cloud will gradually increase across many areas. a few rain showers as well across england, wales and northern ireland. showers in scotland could turn to sleet and snow. an indication that area is getting colder. north to north—easterly winds start to increase. temperatures today anywhere between eight and 30 degrees. for many it will feel cold. wherever you are in the breeze there will be the added chill. tonight a frost will return to many northern and western areas indicated by the blue colours. cloud amounts vary. temperatures could be up and down through the night. avoiding the frost in these eastern areas because of the strength of the b

taylor: joining us now on the phone to discuss all of that and politics is matt bennett, third way cofounderh us is oxford's economic chief u.s. economist. your takeaways from last night. what you heard come the thing that defined the debate come up other than biden's promise to name a woman to the ticket, was his line when he said people want results, not a revolution. that is exactly the difference between those guys last night. bernie sanders did is what he always did. he is kind of a johnny one note. he's been saying the same thing since he arrived in congress in 1990 about how we need a revolution against the corporate elite. biden was saying we are in the middle of a crisis. we need somebody who is steady and practical and that is going to deliver results for people needing them right now. taylor: given a potential u.s. recession, how much at risk is in a's reelection potential joe biden candidacy now? matt: i think the coronavirus and the recession risk together make trump's reelection far less likely than it was even a month ago. biden'sdd to that almost certain nomination, i think t