Low. G20 leaders call for equitable access to Covid Vaccines and commit to supporting the economy with host saudi arabia handling the stimulus measures taken by governments so far we injected over 11 trillion into the Global Economy to support businesses and protect individuals livelihoods this is an unprecedented g20 economic stimulus. And president elect joe biden prepares to name his cabinet picks tomorrow with nbc learning veteran diplomat Anthony Blinken is the frontrunner for secretary of state. Well, good morning, everybody and welcome to street signs. We have some big news for this monday morning yet another breakthrough when it comes to vaccines. Its been the third monday in a row that we get some big news on that front and today the results from astrazeneca and oxford yet again proved to be positive showing efficacy rate of up to 90 thats giving a boost to market sentiment. Theres a lot of green on the board. Yet some more positive data coming out on the vaccination space and
Euro bailout investors price in the prospect of negative interest rat rates after opening the door to the policy of course we are keeping it to where the access would be a very warm welcome to street signs. Weve got some fresh data coming through. This is flash pmis as a whoeld. The flash manufacturing pmi for may has come in at 39. 5 up from 33. 4 in april in terms of the composite number for the eurozone, that has come in at 30. 5 up from 30. 6 in april the services pmi which has been the hardest hit sector as a result of the lockdowns. That has come in at 28. 7 up from 12 in april, we already had france and germany come through and we have the overall eurozone number. One other thing, one of the key kpoen nants here, the new business pmi has come in at 28. 4 in april an uptick there. Contraction did ease in may but still very sharp we have the euro trading slightly weaker versus the dollar this morning. Lets bring in our first guest Chris Williamson geoff and steve also with us chri
Credit suisse posts 75 increase Standard Charter ceo tell cnbc the pandemic could still negatively impact the sector despite the early resilience the shock we are experiencing in the first place is as severe. As this pandemic unfolds and we wont know exactly or generally how this will progress, we have to suspect that impact is very, very material. The pope extends a prayer for european unity but divisions are expected to still dominate eu leaders go on line in a Video Conference meant to talk about further assistance to fight the pandemic a crude comeback buyers rush back sending u. S. Oil prices up almost 40 in overnight trade. Surprising tensions between u. S. And iran also supporting the price. Welcome to street signs. Lets kick off the hour with fresh eurozone pmi numbers we have heard of the french and german numbers now for the eurozone as a whole. The april composite pmi flash number has come in at 13. 5 that is much worse than the market was expecting we were looking for a num
Services unicredit shares see red as the named front runner for the top job pitching him against the current chief. An allnighter doesnt stop Angela Merkels Early Morning. Commissioners president tells cnbc it is important to fund climate and digital policies this is the reason why we are negotiating. There are many different interests that have to be convened with the budget it puts emphasis on the modern policies good morning. It is a very big day for your data we had pmi numbers coming out. We had the composite numbers the flash has come in at 51. 6. Services at 52. 8 up from 52. 5. Manufacturing has come in much higher than expectations at 49. 1 versus 47. 9 in january a bit of a surprise given that some people were expecting that coronavirus would have impacted those. Absolutely. The new business index which held at januarys high that seems to be holding up. For further information on what we should be looking at here, lets get out to Chris Williamson at ihs market great to have y
Annual American Media Conference Today last years event lasted for almost 4 hours. Hello there good morning just gone 10 here in moscow you watching r. T. International now u. S. Tech giants among them Apple Microsoft and google are facing a lawsuit from 14 congolese parents and children human Rights Groups accuse the companies of being complicit in the death of children who were working in cobalt mines in the companys supply chains cobalt is in high demand as its widely used in batteries for devices such as smart phones here are some of the testimonies from the children who for legal reasons have all been given the same name a word of warning there you might find some of the footage upsetting. The chamber ceiling collapsed on people in a cold mine john doe 5 was one of only 2 survivors john doe 3 was living in the mine area on his motorbike loaded with 3 bags of cobbled he was hit by a large cobbled transport truck and his leg was amputated after 2 weeks of working john doe well never