Questions were raised over astrazeneca trial results. The ceo telling bloomberg within the last few minutes that it will now likely as a result run a new global trial, saying, now that we have found what looks like a better efficacy, we are going to have to validate this, and we need to do an additional study. It looks like it is going to be half of those full dose that could produce a higher efficacy then maybe a full dose. Europe and the United States continued to struggle with containing the virus resurgence. Germany is seeing a record increase in new cases, while new york cases are approaching 7000, hospitalizations hit their highest since june. Here was more is bloombergs, china here with more is bluebirds emma chandra here with more is bloombergs emma chandra. Emma astrazeneca are going to look to have a no other global trial to test the efficacy of the half dose, which they think will be better, and getting some more troubling figures out of large economies. The likes of new yor
From theto the concern economic hit caused by the pandemic. We have job losses here with a more modest hit in this part of the world. Else is going on out there and quickly looking at the dollar index is. We do have the dollar steady at the moment. We had the surge in the dollar seeing a little bit of a spike taking place. Being seen as a haven currency. The yen, 104. 49. New york crude, what we have here is a plunge taking place overnight. Nearly 5 . They recovered a little bit from that. 8 10 of 1 . 67 a barrel for wti. Gold the steady, but not really acting as a safe haven. We have breaking news, the dow jones reporting that it may close to buying nc, according to people and what would be the second Big Semiconductor tie up this week as the industry rapidly consolidates this deal. It could be worth 10 billion. Thats according to the dow jones. Dow jones reporting marvell could be close to buying inphi later this week. Lets get our first word headlines. Not european leaders are impos
You go to safety. Youre going to buy volatility, yields, bonds, and the dollar. 10 year yield now 75 basis quite a move from just a few days ago. Crude battered, beaten up today. Less demand for those oil prices. Guy absolutely. Lets recap where we are and what is going on. The german chancellor Angela Merkel currently meeting with heads of the german states. We are going to hear from her we think when that meeting wraps. We are probably likely to hear from her as well tomorrow morning. We are also getting Emmanuel Macron a little later on. Both countries moving toward more restrict of lockdowns. Lets get the latest. Maria tadeo joins us from brussels. Theres a lot of ideas floating around. None of this will be official until both Emmanuel Macron and Angela Merkel speak. The idea is we are moving into something that looks like a fulltime lockdown in the case of the french government, that we understand is seriously considering a onemonth lockdown that would start thursday night, going
The declines in technology and real estate shares on the stoxx 600 and then the Pound Holding on to declines we saw yesterday as figures show that the u. K. Economy contracted more than any other in europe in the Second Quarter. Plenty more of markets shortly now lets get straight will raise more questions over the governments handling of the pandemic. There are worrying signs the bounceback may run out of steam. Hard times are here. Hundreds of thousands of people have already lost their job and sadly many more will. But i will say to people, although tough decisions lie ahead for all of us, no one will be left without hope or opportunity. Up ina plans to bring tiktok in talks with the u. S. It is likely to take place as soon as this week. We are not certain what beijing hopes to achieve when bringing up the app. It comes just days after President Trump signed a ban on transactions using the app on National Security grounds. Protests in belarus. Protesters took to the streets to have
The former California Attorney general because the first africanamerican woman and first south Asian American woman on the ticket. Big revamp. They will exit all noneuropean Corporate Banking activity, and they forecast longlost loanloss provisions at 3 billion euros for the year. We will speak with the cfo of abn amro. Let me get to some of the breaking news we are getting here from the u. K. We have u. K. Gdp numbers coming through. We are looking for the month of june and for the quarterly figure. We have seen a rebound in the month of june at a. 7 . That was 8. 7 . That was ahead of the estimates. Thats the rebound for june. A rebound was expected. Quarter coming in at 20. 4 . That was with an estimate of around 21 . If you look at the year on your number, its similar. Its the extent of the losses that we saw in terms of Economic Activity in the Second Quarter. We look at things for a year on your number. Officially what we already knew because of the u. K. In the session. Saw the