Vaccines. Virus deaths hit a record in the u. S. And in italy. And finding a compromise, opec agrees to slowly add more oil year after days of tense talks. Saudi arabias Energy Minister called the process of excruciating. Welcome to the program, everybody. Welcome to the European Market open. It has just gone 7 00 here in london. German factory orders rising 2. 9 month on month. The estimate was for an increase of 1. 5 . That was better than anticipated. Factory orders arising year on year, 1. 8 . The estimate was 0. 2. We have seen a continuation of growth coming through. We will see what momentum is like in the further winter months. Another story out of germany, potentially more interesting, perhaps. Germany has agreed to extend a to preventr bankruptcies as the economy is hit by the second wave of the pandemic. Germany is extending its 37 billiondollar backstop for Credit Insurance by another six months in the month of june. The industry will surrender 60 of remittance to the gover
Forecast. We will bring you that interview with the ecb president. And the ax falls again at goldman. The bank prepares to cut jobs for the second time in three months as the focus returned cost cutting. Very good morning, everybody. Welcome to the program. Lots of breaking news to get to. Lets have a look at some of these numbers coming through. Have the numbers coming through from the shipping business which transports 1 5 of the worlds containers so really interesting insight into the way the Global Economy is spinning and the shipping industry in particular. We are getting the numbers through. We already heard from them last night about how they were upgrading their guidance, raising their fullyear guidance so that already sets a positive tone. They said they will initiate a new Share Buyback around 10 billion danish krone. That program will run for 15 months. E will be speaking to the ceo that is the conversation at 7 30 u. K. Time, so in around 25 minutes time. Let me get to some
To challenge records. Eu finance are set to meet today. Italy lays out fresh restrictions. Chancellor merkel urges germans to follow the rules. Bmp bounces back, the french Bank Benefits from volatility. A bullish tone on the numbers. If you look at the bottom year ago, andus a nine months, it is ahead of the target we gave for the outlook for the full year of 2020. We are under one hour until the start of cash equity trading. Good morning. Lets look at futures. Some real strength coming through futures markets sees the european picture up 0. 8 . If we look at the u. S. , we get a similarly positive picture. He saw strength yesterday. We have not erased losses from last week. The coronavirus is still very much with us. Yesterday the u. S. Equity markets recovered to some extent, and in europe, the cac 0. 2 . X up by today we see more of that positive trend. We can see positivity coming through in the asian session. Japan is closed, but we have the asian equity session fairly positive.
Installed within a whisker of februarys alltime high. The cash trade is less than one hour away. Your are your headlines. Germany extends its Job Support Team until the end of next year, spains or rules out another National Lockdown as cases rise. Britains vaccine bet, the u. K. Backs a plan for a dnabased maxine. We look at a 50 million rates for a solution. And caveat emptor, u. S. Consumer confidence drops to the lowest level in six years. We will get the latest french figures out this hour. Just under one hour away from the start of cash equity trading in europe. Lets look at how futures are trading. Right now across europe, we are seeing slight green arrows. And i mean slight. You can call dax futures and euro stoxx 50 futures unchanged. In the u. S. , we see most futures contracts falling this morning, although also very slight drops. S p futures are unchanged after another record high yesterday. Nasdaq futures gained about 1 10 of 1 . Anna, what do you see on the gmm . Anna feel
English premier league along with a spat with the u. K. , all reports prius president xi jinping could close the u. S. Consulate in showing do. Tension and political Mitch Mcconnell good unveil a gop plan opening up discussions with immigrants. Cost cuts assifies it sees a considerable slump in economic output. Confirms its diagnostics unit. Units from unilever coming from across the wire. What are you seeing . Anna we got the numbers from unilever. Lets get to the story in london. Unilever with underlying sales, down. 3 , but better than the market anticipated. The estimate was for a drop. 3. 89 . That is a good number for the underlying sales story. They were telling us about what they plan for their tea business. They talked about moving it on in some way. Now with a that will hold they will hold on to some of it. They are retaining the tea businesses in india and indonesia and interest in the ready to drink tea joint ventures they have, but they are telling us the operations they w