Concern spreads from italy to iran, but the World Health Organization says the outbreak is not yet considered a pandemic. The business case. Mastercard and United Airlines, the latest companies to issue profit warnings amid the operate. And, sticking to the script. Cleveland fed president Loretta Mester says the virus is a threat to the u. S. Economy, but does not justify a change in rates. Just under one hour away from the start of cash equity trading across europe and in the u. K. Lets take a look at futures after the big drop yesterday. We saw in some cases the biggest slide in european stocks since the brexit vote. As a result, we see a bounce in futures today. Maybe investors saying it is time to buy in the dip. You can see that dax futures are up 8 10 of 1 . U. S. Futures are also showing gains today after the biggest drop in two years on the s p and dow. You can see we swap over to u. S. Futures, they will be showing green arrows as well. Lets take a look at whats going on in te
Out 22 higher majorly underperforms the u. S. Peers ending more than 7 lower. Bye bye 2019, a new decade is upon us as big ben prepares to ring in the new year in style. Welcome to street signs. Our top story today, former nissan chairman ghosn has fled japan for lebanon. He was banned from traveling abroad in a statement, ghosn said, he had, quote, not fled justin but fled injustin and political persecution. A loyal said he was surprised by the departure and called ghosns actions inexcusable and there is a high probability he violated his conditions he said he has not spoken to the police or ghosn himself. This is his actual lawyer in japan. Further more, he said the lawyers still have all of his passports. You have to wonder how on earth he made it out of japan to lebanon. One of the press companies there are citing that he may have hired a private company and indeed a private jet landed in beirut airport coming from turkey when it comes to next steps and what this means, clearly hes
On investors mines. Minds minds. Thousands of staff at Deutsche Bank are worried about their jobs, after confirmation that up to 18,000 posts worldwide are to be cut over three years. Its part of a radical reorganisation of the german lender which is shrinking its Investment Banking business. It hasnt said where jobs will be lost, but with almost 8,000 staff, london is the home to its biggest trading operation. Our Business Correspondent katy austin explains why the cuts are being made. 0nafairly long on a fairly long list of long term problems, the german backhand bead we re problems, the german backhand bead were falling share price, Money Laundering scandal. It had been widely expected to cut back its underperforming investment operations and today it is announced a radical reshaping plan which will see it significantly reduce its Investment Banking arm are stopping many of its Share Trading operations was up along the way, 18,000 jobs will go as a result, globally. That will go as
Fed. David today is jobs day. Last night, july 4 celebrations, including in boston led by alix steel and carol massar. It does strike me as i talk to you over in europe that one of the really iconic moments is an overture written by a russian composer, tchaikovsky, about a european war in 1812. It is kind of ironic. Incidentally, i remember trying to play that. With all the cannons firing, very difficult. But i digress. Seeing the market may be not hoping for them many fireworks. Lets have a look at the data right now. S p futures pointing downward. European equity markets a little bit sluggish. The euro is a little weaker. German data came in disappointing. Yields on the u. S. 10 year around the 1. 96 level. Weve seen selling in stocks and bonds in the european morning. Ive put iron ore in the data check today, not oil, because we seem big drops in iron ore in the Asian Session once again. It has been dropping like a stone. Story ise iron ore really quite something this morning. It is
I am guy johnson. Caroline i am Caroline Hyde in london. We are talking about the markets because it is all about china for me today. We are looking at greece if we are looking at your. We have to look at the China Shanghai composition 3. 2 trillion dollars have been wiped off in terms of market capitalization in china. We have it down 30 in three weeks. Bank of america, morgan stanley, all warned of this bubble and now not only the internal investors but also outside investors, those looking from hong kong. Ipos has canceled funding. Guy what do you expect . Yesterday, we saw it close. At the end of the day, it was only up a tad and today we see a banking. Greece is the other story that we are watching. We want to know what is going to happen because there will be another busy day. The finance ministers are meeting in brussels. A new greek finance minister will be meeting them today. That happens in just under six hours in brussels and then we have the leaders gathering. Mr. Tsipras w