Multiple seeking challenges in the rise of yonperforming loans, so m second question is on banks. The general counsel discuss the onond containment measures european banks . Thank you. Thank you very much for your question. Tltro is a longterm refinancing scheme that is really intended help the financing of the economy because banks are offered very attractive terms in order and provided that the lind to the economy. It is not that they lend to the economy. It is not that it was a very generous package of refinancing without any conditionalities. The banks are going to only be eligible to the very attractive rate of 100 basis points provided that they lend at least as much as they did to the economy. So that is number one. It is an encouragement to finance the economy. And all sectors of the economy, not just large corporate accounts. It is focused on small and mediumsized enterprises. Through the enlargement of collateral pools, we make sure it can reached the small osborne orders and
It slightly lower and above seven again. Guy italian btps firmly in focus. A big selloff in italian bonds. The british pound also under pressure. When do we go through 1. 20 . Vonnie lets take a look at the week that was through the numbers. The numbers that have moved the markets most this week is seven. Chinas daily currency fixing became a closely watched event. Monday triggered the biggest loss in the yuan since 2015, and a tumultuous week in markets as well. The episode leading to the u. S. Labeling china a currency manipulator, the latest escalation in the trade war that sent investors rushing once more toward haven assets. 15 trillion is the world stockpile of negative yielding bonds. , gold futurese hit a sixyear high wednesday. The precious metal has been one of the chief beneficiaries in the trade dispute between washington and beijing. To unpack all of the reaction, we are joined from st. Petersburg, florida by james , with about 10 billion under management. James, what was
Minute look at quick u. S. Equity futures at this hour show you how things look to be opening up in about 3 1 2 hours from now dow would be off about 20 points nasdaq looking to open up 15 points s p 500 looking to open off a little off well call it 3 1 2 points right now and also show you whats happening overnight in asia right now as we speak. Youre looking at red arrows across the board but well call it marginal except for the hang sang take a quick look at european equities as well as we flip that board around youre looking at mostly red picture, except the ftse 100 looking up 1 right now and finally treasury yields, tenyear notes unless youre looking for a 30year fixed right now the tenyear note is at 2. 060 joe . Big deal of the morning. Big. Big. Mylan, potential pharma deal to tell you about. Unit of pfizer with mylan. Thats right. Were expecting this news to be announced sometime this morning. What were hearing is that pfizer plans to spin off a unit called up john, off patent
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