Italy is further ahead than Spain or France in dealing with the virus impact, Andreas Steno Larsen, chief global strategist at Nordea says, and he would feel much more scared holding French or Spanish bonds than BTPs at the moment. Larsen tells Daybreak Europe's Caroline Hepker and Roger Hearing, Italy has taken important steps in restoring confidence with its stimulus package.

Bloomberg Daybreak Europe

Larsen: Italian Bonds Are The Place To Hide Right Now

We are seeing some impact on growth this quarter from coronavirus says Rain Newton-Smith, the CBI's chief economist, but China shows how you can contain the virus and support growth. Newton-Smith tells Daybreak Europe's Caroline Hepker and Roger Hearing U.K. business will get through this, but making critical long-term decisions on infrastructure, innovation and skills now will also give confidence for the future.

CBI: BoE Needs To Make Sure Credit Flows Through U.K. Economy

The Russians were worried about the growing proportion of U.S. shale oil in the global market says Nasser Saidi, president and founder of Nasser Saidi and Associates, and the argument with the Saudis was about how to contain it. Saidi tells Daybreak Europe's Caroline Hepker and Roger Hearing some U.S. producers will now be flushed out, but the more efficient ones could still be competitive at a price of $35-40 a barrel.

Saidi: Saudi-Russia Oil Dispute Is About U.S. Shale

Tina Fordham, partner and head of global political strategy at Avonhurst discusses the effect of the coronavirus outbreak with Daybreak Europe's Roger Hearing and Caroline Hepker. Fordham says the crisis could drag down incumbent leaders, because the 2008 crisis made fiscal measures taboo and leaders have painted themselves into a corner on this.

Fordham: This Is Potentially More Significant Than 2008

With concern spreading about how to maintain virus safety in City firms, Dominic Hook, Unite union's national officer for the finance sector speaks to Daybreak Europe's Caroline Hepker and Roger Hearing about concerns among employees. Hook says differing practices among employers are causing problems, and the question of sick pay among the self-employed if they are self-isolating has still not been cleared up by the government.

Unite's Hook: Confusion Among Employers On Virus Advice

The U.S. stock rally in the first week of March is reminiscent of 2008 and similar relief rallies. Speaking to Daybreak Europe's Roger Hearing and Caroline Hepker, Jeremy Thomson-Cook, Chief Economist at Equals discusses the Fed, the dollar and the unlikeliness of German fiscal easing.

Thomson-Cook: We Saw Similar Relief Rallies in '08

Herbert Wigwe, chief executive of Access Bank tells Daybreak Europe's Matt Miller and Anna Edwards about the bank's plan to expand into 22 countries over the next three years. Wigwe discusses the scope for expansion in Africa as a diversified retail bank, providing digital payments across the continent.

Access Bank CEO: We Want To Be Africa's Gateway To The World

It is going to be much harder for central banks to co-ordinate their response to the coronavirus than in 2008 because some have less ammunition, according to Michael Hewson, chief market analyst at CMC Markets. Speaking to Daybreak Europe's Caroline Hepker and Roger Hearing, Hewson says rate cuts won't cut the mustard this time, but they will help avoid a credit crunch.

Hewson: Central Bank Tone Change Supports Markets

The first appearance of the virus in sub-Saharan Africa was always going to happen, says Simon Clarke, associate professor in Cellular Microbiology at the University of Reading, and it's a worry because of poorer health systems there. Clarke tells Daybreak Europe's Caroline Hepker and Roger Hearing the disease will spread across the world, but many infected will not show any symptoms, so it is impossible to know its current scale.

Clarke: Coronavirus Will Get Everywhere

Interconnections between different asset classes responding to the current market turmoil have made for difficult decisions for multi asset investors says Georgina Taylor, fund manager in Invesco’s Multi Asset Team. Taylor tells Daybreak Europe's Nejra Cehic and Roger Hearing the interesting debate is now credit versus equity, and perhaps a multi-asset investor should hold onto some credit-exposure.

Taylor: It's Brutal For Multi Asset Investors

Student accomodation is less vulnerable to downturn's and we are likely to see even bigger transactions in this sector as it matures says Bloomberg’s real-estate reporter Lucca de Paoli. He spoke to Daybreak Europe’s Sandra Kilhof on Property Portfolio, about the UK's biggest ever private real estate transaction.

Property Portfolio: Deals To Follow BlackStone's Student Bid

The coronavirus is putting strain on an already stretched NHS, says Labour MP Debbie Abrahams. She tells Bloomberg Westminster's Sebastian Salek and Roger Hearing, current bed occupancy rates will make it very hard to deal with the additional demand that we are going to get from the disease. David Demeritt, Professor of Geography at Kings College, London, joins to discuss the impact of the flooding across the U.K. and the lack of government-funded resources to deal with a growing problem.

Bloomberg Westminster: NHS Under Strain Even Before Virus

As the virus spreads it is possible that this supply shock leads to a demand shock and an economic downturn. Paul Brain, head of fixed income at Newton Investment Management, tells Daybreak Europe's Caroline Hepker and Roger Hearing that it is a matter of coping with the virus now rather than containing it.

Brain: A Coronavirus Recession is Possible

The virus outbreak can be compared to the oil embargo of 1973 or the Tokyo earthquake as a supply shock with a huge economic effect in its first phase, says Brendan Brown, founding partner at Macro Hedge Advisors and Senior Fellow at the Hudson Institute. He tells Daybreak Europe's Nejra Cehic and Roger Hearing that monetary action to counter this, with central banks fine tuning their response, is an absurdity because of the uncertainties in such a crisis.

Brown: Clues on Dealing With Virus From Other Extreme Events

Closing borders to goods within Europe would be a disproportionate response to the virus outbreak in Italy says Dr Robert Hancke, Associate Professor of Political Economy at the London School of Economics. Hancke tells Daybreak Europe's Nejra Cehic and Roger Hearing the service sector might be worse hit than supplies in any closing of frontiers, but in any case it would be a small blip in Europe's GDP.

Hancke: A Big Bomb For A Small Problem

Overnight on Wall Street is morning in Europe. Bloomberg Daybreak Europe is anchored live from London and New York tracking breaking news in Europe and around the world. Markets never sleep, and neither does Bloomberg News. Monitor your investments 24 hours a day, around the clock from around the globe. Hosted by Caroline Hepker and Markus Karlsson.

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