Unit in a sweeping overhaul. Its a big day for Bank Earnings. We speak to talk executives. Welcome to daybreak europe. Lets get to Bank Earnings. Deutsche banks red headline. Saying they are on track to meet all targets. Lets get to the numbers coming through. The Second Quarter fic trading revenue comes in at 2. 0 5 billion euros. The estimate was 1. 81 billion euros. Upbeat on the Second Quarter f site a beat on the Second Quarter fic. In terms of pretax profit for the Second Quarter, that comes in at 158 Million Euros. Thats a surprise pretax profit for the Second Quarter. The estimate was for a loss of 133 Million Euros. Thats what we are looking at in terms of secondquarter net revenue. That comes in better than expected. The estimate was 5. 94 billion euros. A lot of lines coming through here. 2020 revenue essentially flat. Cet1 reaffirming its 2022 leverage ratio and return on tangible targets. In terms of Second Quarter Net Interest Income, that comes at 3. 0 9 billion euros. E
Since the death since the disease emerged. The causing Severe Damage to the global economy. It also says australia is leading developed nations through the economy. Shery lets get a check of how markets are trading. We are seeing u. S. Futures under continuous pressure. The futures session right now. This after stocks fluctuated throughout the day. We had the risk on tone fading. This is Economic Projections pointed to the long road back to normal. We had the s p 500 falling half a percent. Finishing lobar display chair powell suggesting the pandemic could inflict permit damage on the American Economy and despite the fact treasury secretary mission says the u. S. Definitely needs additional fiscal stimulus so we could see more measures from the u. S. Government. The nasdaq composite was higher by seven tencent 1 . A similar mixed picture we saw with tech stocks rallying. The nasdaq 100 climbing to a record high finishing above 10,000 for the first time. Take a look at what the dollar i
Welcome to countdown. I am anna edwards. Manus i am manus cranny. It is a big day for the bank. Hsbc profit falls 545 . We have seen the stock open portrayed in hong kong. They are planning a 2. 5 billion buyback. The removed the timetable. The headline, pretax trough it 3. 61 billion. Last year it was 6. 6 billion and the estimates were for 3. 9 billion. A recession potentially in the u. K. Impacting hsbc. If you want to think about it on this scale, since 2011 they slashed 87,000 jobs. That is a bank in restructuring. Downng in hong kong, 0. 75 . Anna this is from the thirdlargest bank. Net profit for the Second Quarter is 1. 1 6 billion euros. That is above the estimate of 994 million euros. The bank also telling us the gain they have made on the sale of euro state. That bank went deal went through. Many banks booked a gain on that. They are all but facing headwinds from the low Interest Rate environment. What will be key as we go through these numbers is the bread and butter of ban
Very good morning and warm welcome to you on Worldwide Exchange kicking off now on cnbc. Im wilfred frost with kayla sitting in for sara. Good morning. I like that youre playing the weekend music. Gets you in the mood. Even though it is 5 00 a. M. It is basically the weekend. Lets see what the markets are doing now. U. S. Equities open lower, gained traction throughout the day. Finished about a quarter of 1 higher. This morning, pretty much bang on flat in the premarket, s p slightly in red, treading water ahead of the jobs number which comes later today. All eyes on that and the implications for what it means for possible fed rate hikes. Lets look at the tenyear note, what is the bond market doing this morning. Were bang on 108. We just have come down on the yield. Seen a little bond buying during the course of the week, close to 1. 9 earlier in the week, now at 1. 8 . Everything rests on todays big market story, the u. S. Employment report, forecasters say the economy likely added 15
Road rage. Most americans getting angry on the road but just how many. From the roads to the sky claiming delta colluded on checked bag air fee. What it could cost the Airline Coming up. Financials in focus. Jpmorgan and black rock set to report ahead of the opening. We will have the numbers for you. Investors wait to go get update and effect of low Interest Rates as well as britains vote to leave the eu. We have the head of ing with us this morning. Checking markets. Futures head to go rally, another record day on wall street yesterday. We are looking at a strong start today. Up almost 200 points right now according to futures on the Dow Jones Industrial average. It all started in europe. Take a look. Bank of england will announce Interest Rate decision, we will have the decision, it is Central Banks first meeting since the british vote to leave the eu. It is expected that we will see rates coming down for the first time in seven years. Overnight in asia mixed moves there as investors