The cash trade is an hour away. These are your top headlines from the bloomberg terminal. Traversing course. Goldman sachs tell staff in london to work remotely, reversing course after the u. K. Government appeal to britain to head back home if they can. Temporary power. The ecb says the central bank risks legal trouble if it tries to extend crisis era flexibility to regular Bond Buying Program area and battery day with no sparks. Elon musk disappoints as tesla fails to unveil any major innovations, but it does promise a massmarket car by 2023. We are just under an hour away from the start of cash trading in europe. Look at futures and you will see green arrows. The percent missed price points to stronger than 1 gain on the Major National benchmark indexes here. You can see ftse futures up 0. 9 . Take a look at u. S. Futures. More of a mixed picture there. Dow andgreen arrows for s p futures. Nasdaq futures are little changed. Slightly to the downside. What do you see on the dmm . Attr
The bloomberg terminal. Reopening in america, President Trump urges the u. S. To get going again, even if it leads to more death. Chinas ambassador to washington calls for an end to the blame game over the coronavirus origin. More pain for europes banks. Lenders try to estimate the damage to their Balance Sheets from the coronavirus shutdown, and the ecb stands by its inflation mandate after a German Court Ruling on its qe program. Bond investors expressed concern about the Central Banks latest ofonavirus stimulus in light that decision. We are under an hour away to the start of cash trading across the continent, and in Great Britain, lets look at futures this morning, pointing slightly lower after a decent rally yesterday, although it was a rough start to the week for European Equity indexes. We are looking at drops of about. 1 right now on the dax futures in frankfurt. Higher in thedge cash trade yesterday. We are seeing futures edge higher once again today, so. 6 gain across the s p
Matt u. S. Authorities worn americans to prepare for a can potentially coronavirus outbreak to prepare for a potential coronavirus outbreak. Meanwhile, rio tintos windfall. They report their highest fouryear profit in eight years on a surge in iron ore prices, but the Company Warns of significant uncertainty if the coronavirus persons. And a South Carolina freeforall. Democratic president ial candidates turn on Bernie Sanders and his rivals came to stall the front runners momentum. Matt, let me pick up with whats going on with breaking news this morning. Weve got a number of corporates reporting. Lets get to the luxury sector with hermes. 10. 7 . S up by the estimate was an increase of 10. 7 . Thats a redhead line across the bloomberg this morning. Still talking about ambition, some commentary coming out of the luxury french business. The ceo is saying it is too soon to know when sales will rebound. There is a potential normalization from coronavirus in china. In china, there has been
Quotenment, we can project, etc. If you have a nine months or you looking at this quarter, the equity franchise remains solid and keeping market share. Anna softbanks miss. The firm posted first quarterly losses with staggering writedowns from huber and uber and wework. A top diplomat tells of a quid pro quo in ukraine as china sets its price for an interim trade deal. The u. S. Must drop tariffs. Less than half an hour until the start of european equities. All of those headlines, having an impact on the markets. Lets look at what weve got. This is what futures tell us will be happening in europe. Dax and cac, a little flat. Ftse futures, looking more negative. Futures, fairly unchanged at this point of the trading day, drifting after we saw decent gains at the beginning of the week. Generally speaking, not moving that far on the u. S. Futures, Global Futures and if we show you the gmm, fairly confused about the asian session. Waiting for new lines around trade. The heard talk about th
Global oil prices have hit their highest in four months after two drone attacks on Saudi Arabian facilities on saturday. Brent crude has jumped 10 to over 66 a barrel. Aramco is the Worlds Biggest Oil producer and one of the worlds most profitable businesses. Around 5. 7 Million Barrels a day have been cut by the attacks, thats roughly half of saudi arabias oil production. Oil prices have eased back slightly after us President Donald Trump authorised the release of us reserves. Aramcos affected facilities at khurais and abqaiq produce around 8 of the worlds oil supply. Bob mcnally served in the Bush Administration as its Senior Energy advisor. Hes now president of the Rapidan Energy group in washington. He thinks there are genuine reasons to be concerned about the impact of the attack tx vt next as long as the us and saudi arabia on one side and iran on the other remain in this conflict, we will build on a risk premium. It is getting very serious. This is not simplya getting very serio