World Markets Live - March 27 - CNBC Live Events
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CNBC Live Events

World Markets Live - March 27

We’ll be updating you throughout the day with essential breaking news, data alerts, earnings reports and all the major market movements.

  • Good Morning everyone and Happy Monday. Hope you had a great weekend. The big news since Friday has been Trump's health-care bill flop and impact on markets. Global markets saw weakness over the health-care bill failure and looks like the weakness is set to continue into today's trading session. Here are your morning calls for Europe from CMC Markets:
     
    FTSE 100               7297       -38
    DAX 30                  12015    -48
    FTSE MIB             20094    -55
    CAC 40                  4999       -18
     
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  • Here are your top stories at this hour:
     
    • Investors sell down risk assets as the Trump team tries to put a positive spin on the healthcare flop by indicating a shift in focus to tax reform. 
    • Russia's opposition leader and hundreds of protesters are arrested after vast demonstrations take place across a number of Russian cities in protest to Vladimir Putin's policies.  
    • A small state, but a significant victory for Angela Merkel's CDU Party which comes out ahead in Saarland, posing an initial setback for Martin Schulz, fresh at the helm of the SPD. 
    • South Korean prosecutors request an arrest warrant for former President Park Geun-Hye who stands accused of bribery. 
       
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  • Washington is 'a lot more broken than Donald Trump thought', according to Mick Mulvaney. The Director of the White House Office of Management and Budget told NBC he thought the Trump team misunderstood the process of legislating. 
     
    We haven't been able to change Washington in the first 65 days and I think if there's anything that's disappointing and sort of an educational process to the Trump administration is that this place was a lot more rotten than we thought it was. More than I thought it was because I've been here for six years. I know the freedom caucus. I helped found it. I never thought it would come to this.
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  • U.S President Donald Trump took to Twitter on Sunday to blame Republicans for failing to support the pulled healthcare bill, after initially placing the blame squarely on the Democrats. 
     
    So what would be really good, with no Democrat support, if the Democrats, when it explodes, which it will soon, if they got together with us and got a real health care bill. I'd be totally open to it and I think that's going to happen and I think the losers are Nancy Pelosi and Chuck Schumer because now they own Obamacare. They own it, 100 percent own it. This is not a Republican health care, this is not anything but a Democrat health care. And they have Obamacare for a little while longer until it ceases to exist, which it will at some point in the near future.
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  • CNBC's Karen Tso takes a look at global markets this morning after the failure of Trump's health-care bill.

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  • Vasileios Gkionakis, Head of Global FX Strategy, UniCredit joins us live to discuss Trump's policies:
     
    What is happening with the markets is their patience is wearing thin because it definitely doubts the US administration's ability to push forward a so much talked and discussed agenda including the fiscal stimulus tax, the regulation tax cuts. 
     
     
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  • Police detained hundreds of protesters across Russia on Sunday after thousands took to the streets to demonstrate against corruption and demand the resignation of Prime Minister Dmitry Medvedev.
     
    The opposition leader Alexei Navalny was amongst those detained. The protests are believed to be the biggest since a wave of anti-Kremlin demonstrations in 2011 and 2012. Russia will hold a presidential election next year that Vladimir Putin is expected to contest, running for what would be a fourth term.
     
    Source: Getty Images
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  • South Korean prosecutors have said they will seek an arrest warrant for ousted president Park Geun-hye. The prosecutors' office announced the move, explaining there was reason to suspect that Park would try to destroy evidence. June Yoon sends this report from Seoul.

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  • Here are your top stories at this hour:
     
    • Investors sell down risk assets as the Trump team tries to put a positive spin on the healthcare flop by indicating a shift in focus to tax reform. 
    • Russia's opposition leader and hundreds of protesters are arrested after vast demonstrations take place across a number of Russian cities in protest to Vladimir Putin's policies.  
    • A small state, but a significant victory for Angela Merkel's CDU Party which comes out ahead in Saarland, posing an initial setback for Martin Schulz, fresh at the helm of the SPD. 
    • South Korean prosecutors request an arrest warrant for former President Park Geun-Hye, who stands accused of bribery. 
       
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  • The dollar stumbled against the yen, euro and gold, with analysts pointing to U.S. President Donald Trump's failure to usher a Republican health-care reform bill through a seemingly friendly Congress.

    Andy Brenner, head of international fixed income securities at National Alliance Securities, said in a note late Sunday U.S. time that this was markets' first chance to react to the health-care bill's failure.
     
    We sense the choppiness could lead to some very chunky swings, he said.
     
    The dollar index, which measures the greenback against a basket of currencies, tumbled as low as 99.263 in early Asia trade on Monday, from as high as 100 on Friday.
     
     
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  • In Germany, Chancellor Angela Merkel's CDU party appears to have secured a surprisingly emphatic victory in state elections. In the provisional results in the Saarland election, the CDU polled almost 41 percent of the votes while the resurgent left SPD party got 30 percent. Though Germany's least populous state, state elections in the Saarland region are being treated as an important bellwether ahead of federal elections in September
     
     
    Speaking after the results, the SPD leader Martin Schulz said his party is still on track to win the federal elections.
     
    The fact we haven't achieved our goal this evening doesn't mean that we won't achieve our goal. Our goal is to achieve a change of government in the federal republic, and there has been a clear message to us this evening that this is a long-distance race, not a sprint.
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  • Annette will be speaking with the ECB's Executive Board member Sabine Lautenschläger at 13:30 CET. That's a FIRST on CNBC. Stay tuned.
     
     
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  • The Bank of England will publish the hypothetical scenarios for its 2017 stress tests at 09:30 CET this morning. This comes at a tumultuous time for the British banking sector, as the Co-Operative Bank continues to battle for its survival. The lender put itself up for sale in February, amid concerns over its deteriorating finances, but it is yet to find itself a buyer.
     
    CNBC's Gemma joins us live to discuss more:
    It has been a big year for the UK in particular. The framework of the whole stress tests continues to evolve so the Bank of England keeps revising its actual methodology for doing the stress test and second the assumptions change.
     
     
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  • Intelligence services should have access to the messaging app WhatsApp. That's the call from UK Home Secretary Amber Rudd after it was revealed the London attacker used the Facebook owned messaging service in the run up to the incident.

    Speaking on the BBC's Andrew Marr show, Rudd said there should be no technology that allows terrorists to communicate in secret.
     
    It is completely unacceptable. There should be no place for terrorists to hide. We need to make sure that organisations like WhatsApp - and there are plenty of others like that - don't provide a secret place for terrorists to communicate with each other. It used to be that people would steam-open envelopes, or just listen in on phones, when they wanted to find out what people were doing, legally, through warranty. But on this situation we need to make sure that our intelligence services have the ability to get into situations like encrypted WhatsApp.
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  • European futures point to a lower start to the trading day as investors take stock of the impact of the failure of the health-care bill:
     
     
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  • Here are your top headlines at this hour:
     
    • Investors sell down risk assets as the Trump team tries to put a positive spin on the healthcare flop by indicating a shift in focus to tax reform. 
    • Oil prices track lower in early trade as producer nations review
    • A small state, but a significant victory for Angela Merkel's CDU Party which comes out ahead in Saarland, posing an initial setback for Martin Schulz, fresh at the helm of the SPD. 
    • Russia's opposition leader and hundreds of protesters are arrested after vast demonstrations take place across a number of Russian cities in protest to Vladimir Putin's policies.  
       
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  • Snap INC - Goldman Sachs starts with buy rating $27 price target. That's according to Reuters.
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  • Germany's 10-year bund yield falls to near two-week low at 0.39 percent, down 2 basis points 
     
     
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  • The Trump Administration will face fresh challenges this week as the investigation continues into Russian hacking during the election campaign. NBC's Jennifer Johnson sends this report from Washington.

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  • Dollar Index falls to its lowest level since mid-November:
     
     
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  • Carrie Lam has been elected as Hong Kong's next leader. The former government official - widely viewed as Beijing's favourite - won 777 votes from the city's election committee, 67 percent of the vote.
     
    Our teams in Asia have been covering the story all day, but  in Beijing that coverage has been intermittently blacked out.
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  • Oil prices are tracking lower in early trade after producer nations issued a statement saying they are reviewing an extension of the oil output deal for 6 months. 
     
    During a meeting in Vienna, OPEC and non-OPEC representatives agreed compliance had been 'reasonable', but encouraged nations to stick to their quotas. Iraq agreed to cut more production in March and April to help reach the overall output target. 
     
     
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  • Here are your top headlines at this hour:
     
    • The Dollar index falls to its lowest since mid-November as the greenback takes the brunt of the fallout from President Trump's failed healthcare reform.
    • Oil prices track lower in early trade as a U.S. rig count rise offsets Producer Nation discussions around a potential output deal extension. 
    • A small state, but a significant victory for Angela Merkel's CDU Party which comes out ahead in Saarland, posing an initial setback for Martin Schulz, fresh at the helm of the SPD. 
    • A record fine for failings. Britain's BT is forced to pay-up for delaying installations of high speed broadband for its competitors.
       
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  • Spain's 10-year government bond yield hits three-week low of 1.672 percent, down 2.6 bps on day.
     
     
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  • Vasileios Gkionakis, head of global FX strategy at UniCredit, appeared on the show earlier this morning to discuss the fallout from the failure of the health-care bill.
     
    Here, he explains why Trump's fate could end up similar to the Greek Prime Minister Alexis Tsipras. Click here to listen to his analysis.
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  • The Bank of England will publish the hypothetical scenarios for its 2017 stress tests later this morning.
     
    This comes at a tumultuous time for the British banking sector, as the Co-Operative Bank continues to battle for its survival. The lender put itself up for sale in February, amid concerns over its deteriorating finances, but it is yet to find itself a buyer.
     
    The slideshow below details how the bank stress tests work, the results of the 2016 stress tests and how the stress test scenarios have changed since 2014.
     
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  • BT has been fined £42 million by Britain's telecoms regulator for what it called serious failings at its broadband division Openreach.
     
    Ofcom said that BT undermined the development of UK infrastructure by delaying instalment of high-speed business lines. That's the largest payout ever imposed on an operator and also means BT will have to compensate competitors such as Vodafone for financial loss. 
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  • Old Mutual is pushing ahead with its plan to divest non-core assets as it prepares to split itself into four independent companies. 

    The investment group announced it's selling the bulk of its stake in asset management company 'OMAM' to Chinese conglomerate HNA Group. The deal - which still needs to clear anti-truth hurdles - is worth in the region of $450 million.   
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  • Phosagro posted a 64 percent increase in net profit in 2016 while revenue decreased by 1 percent year-on-year due to lower global fertilizer prices.
     
    Andrey Guryev, CEO of Phosagro, says 2016 was one of the hardest years for the business since the financial crisis, due to prices and supply.
     
    But what’s more important is that Phosagro has been able to challenge all that bad environment and to come with a 9 percent increase in volume production.
     
    That’ what helped us offset the decrease in prices.
     
     
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  • These are the top headlines from Asia this morning, courtesy of CNBC's Uptin Saiidi.
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  • A risk off start to European markets, with a stocks dropping at the start of trade.
     
     
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  • All sectors of the Stoxx 600 are in the red at the start of trade. Basic resources and banks have fallen furthest.
     
     
     
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  • Here's a look at how the individual European markets are performing in the market sell off this morning.
     
     
    Portugal's market hasn't quite woken up yet.
     
     
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  • These are the best and worst performing stocks amid the risk-off trading this morning.
     
     
     
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  • BT shares open down nearly 2 percent after the telecom receives a £42 million fine from the U.K. regulator.
     
     
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  • Old Mutual shares are marginally lower this morning. The asset manager is pushing ahead with plans to divest non-core assets, announcing it is selling the bulk of its stake in asset management company 'OMAM' to Chinese conglomerate HNA Group.
     
     
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  • Chinese steel and iron ore prices fell to their lowest level in 6 weeks in Asian trade as demand and inventory worries grow. That extends a 5 day losing streak as stockpiles at ports in the world's biggest steel-maker China have been on the rise.
     
    Stocks in the basic resources sector are struggling as a result today. For instance, the U.K. mining sector is down more than 2 percent this morning.
     
     
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  • Oil prices are tracking lower in early trade after producer nations issued a statement saying they are reviewing an extension of the oil output deal for 6 months.
     
    During a meeting in Vienna, OPEC and non-OPEC representatives agreed compliance had been 'reasonable', but encouraged nations to stick to their quotas. Iraq agreed to cut more production in March and April to help reach the overall output target. 
     
     
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  • Kokou Agbo Bloua, global head of flow strategy and solutions at Societe Generale, says he has a preference for European financials, because of the valuations.
     
    European banks have had a lot lower bank balance sheet philosophy than their U.S. peers because of a securitized market that is a lot more developed in the U.S.
     
    U.S. banks don’t have to hold a lot of these bad loans as long on their balance sheets as their European counterparts do.
     
     
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  • Intelligence services should have access to the messaging app WhatsApp. That's the call from UK Home Secretary Amber Rudd after it was revealed the London attacker used the Facebook owned messaging service in the run up to the incident. Speaking on the BBC's Andrew Marr show, Rudd said there should be no technology that allows terrorists to communicate in secret.

    Comment ()
  • These are the top headlines following the market open.
     
    • Downside for the dollar. The greenback bears the brunt of the selling on the healthcare bill fiasco, hitting a 2-month low against a basket of currencies.
    • Basic resource stocks also see red after Chinese steel and iron ore futures sell off amid concerns around demand and inventories.
    • A record fine for failings. Britain's BT is forced to pay-up for delaying installations of high speed broadband for its competitors.
    • Russia's opposition leader and hundreds of protesters are arrested after vast demonstrations take place across a number of Russian cities in protest to Vladimir Putin's policies. 
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  • Yields on U.S. 10-year Treasuries fell to a one-month low of 2.35 percent earlier today. Prices have pared back a little. The falling dollar and concerns about the future of Trump's policy agenda are motivating investors today.
     
     
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  • President Trump took to Twitter on Sunday to blame Republicans for failing to support the pulled health-care bill, after initially pointing the finger at the Democrats. 
     
     
     
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  • President Trump initially blamed Democrats for the failure of the Republican health care bill.

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