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
10ly plans on spending billion euros a month. Biden uses his first call with Boris Johnson to reaffirm his support for the good friday agreements. A lot to talk about this morning. Under one hour until the start of the European Equity trading session, futures look flat. Ftse futures, dax futures, a bit of a mix. Yesterday europe was up strongly 1. 5 or more on the major markets by the close. We come into today with a continuation of themes of the previous day, selling out on tech, getting back to value. Lets get to u. S. Futures, looking more buoyant and having to do with what we did not see in the u. S. Session yesterday. Things are not as strong across the board. Nasdaq down by 0. 3 . U. S. Futures looking have we seen that rotation playing out in terms of the tech versus value story . It is in play in asia. It is inch deceit a japanese equity market doing well. See the interesting to japanese equity market doing well. Part of this has to do with what is going on in tech, a crackdown
In the media and the several media reports mention a total of at least 55000000000. 00 euros oil. The highest of the century. Tax tricks cost authorities billions. The government is covering up its own failures. It may be the biggest tax scandal in german history for years a cascade of revenue flowed unhindered from state coffers exits just perfect the become ex is the perfect crime of this for no and it didnt happen with a pistol and a schema but with a pinstripe suit and a tie. Banks and investors took advantage of the law. There was never a loophole it simply theft. The players big banks and super rich investors. Only i was able to help clarify a very complex. Sure. What that the politicians know. Is the point comics are the state failed blatantly house. Fallout from the scandal kept coming. Since i couldnt have imagined what would happen what we dont cover. In the end the main victim was the taxpayer but how did the finance sectors conjuring trick work was there a legal loophole or
So shes in the median but several media reports mention a total of at least 55000000000. 00 euros. The highest of the century. Tax tricks cost authorities billions. The government is covering up its own failures. It may be the biggest tax scandal in german history for years a cascade of revenue flowed unhindered from state coffers exits just perfect to have become ex is the perfect crime it does for no and it didnt happen with a pistol and a schema but with a pinstripe suit and a tie not just. The hanks and investors took advantage of the law. There was never a loophole it was simply theft. The players big banks and super rich investors come to hold them to mostly i was able to help clarify a very complex issue of. What did the politicians know. Its cute when charm acts are the state failed blatantly house. Fallout from the scandal kept coming. Since i couldnt have imagined what would happen what we dont cover. In the end the main victim was the taxpayer but how did the finance sectors
Great lengths to find out who my sils was or with the because you know. The story gets even more complicated of all people one of sarahs eans own clients managed to take the high flying Financial Institution to court drugstore king air vent. The german billionaire invested almost 15000000 euros in comics trades unknowingly according to him miller says the bank misused his money he hired a stuttgart law firm for the case millers lawyer. Says his client was a victim of the bank. The reason was that my client invested in the supposedly secure Financial Model on the recommendation of the thorazine bank. Comics risk double tax refunds. Ever came up. In the trial against sarah xen the parties contradicted each other. But millers lawyer got some unexpected help from inside the bank. A long Time Employee passed on internal documents that helped side win the case for miller. The sara zene informant wants to stay anonymous but is willing to talk to us about what he witnessed at the bank. I saw t