Italy overtakes china as the country with the most coronavirus deaths in the world. Gains in france and spain. Removing the red tape in america. President trump says he is working to speed up approval for treatments as teva rushes to bring a malaria drug to patients. California orders its residents to stay home. Rush hour refuses to submit to saudi arabias Oil Production plan. The kremlin sees riyadhs move as blackmail. Is there more turmoil ahead . Just under an hour away from the start of cash equity trading across europe and in the u. K. Lets take a look at futures. We are seeing some decent gains in european futures, Even Stronger than what we see in the u. S. You can see euro stoxx 50 futures up 50 , as of the futures for dax. Take a look at u. S. Futures. More than 2 gains with nasdaq futures up 3 . If you take a look at the big drops during the recent crisis, the nasdaq has fared far better than the s p and the dow jones. Today looks like it will do better in terms of gains as w
Working to offset the negative rates. The impact which we have seen in august and september. That is challenging, no doubt. We acted decisively and we are passing on part of the negative Interest Rates to our clients. Saudi arabia says the kingdom is not running low on cash despite Falling Oil Prices and disappointing size of the aramco ipo. If you look at our money and balance sheet, it is not only deposits, we have a lot more as ets. British Prime Minister Boris Johnson promises to rip up the eu rule book if he returns to power. Selling the conservatives are on track for a workable majority. There is no doubt that the uks reputation as a haven of stability has been dented by this experience. You can see already a lot of red. The hand overfrom wall streetd and europe was not that pretty closing 0. 4 percent weaker pulling back with shares of apple and tele Care Companies leading. The tariff deadline is coming up next sunday. No real signs of a phase one deal being inked keeping an eye
Second quarter loss and the psa chairman says Market Conditions are tough. We are entering now a chaotic period in the Automotive Industry as we all understand starting with the market downturn, the emerging markets are in turmoil we see the electrification is going to change many things. Aston martin shares skid off course after the luxury carmaker slashes key forecasts for the year as it weathers uncertainty in the uk and europe and the euro slips to a sevenweek low against the dollar after german and french flash pmis miss estimates. Good morning lots to go through today i want to start off with the macro data as mentioned, germany and france flash pmis for july disappointed we got the composite number, the flash composite for the eurozone came in at 51. 5, less than the 52. 2 number for june and less than the expectation of 52. 1 i want to break it down, though. The manufacturing pmi came in at 46. 4, that is again a miss versus the expectations of 47. 6. It is also the lowest sinc
Capgemini buys Digital Services firm altran in a deal worth 3. 6 billion euros sending shares in both companies higher. And ecb Vice President denies low rates have hurt profitability of the regions banks and says foreign merger activity is indispensable. The iranian president has hit out at the latest round of u. S. Sanctions and says they will fail. He told state television that the measures show washingtons desperation and that tehran is practicing strategic programs. President trump described the u. S. Penalties as proportionate in terms of a response to irans shooting down of an unmanned drone over the strait of hormuz. He urged iran tone gauge in talktal to engage in talks. My only message is he has the potential to have a great country very quickly he should do that rather than going along this destructive path destructive for everybody. We cant let him have a Nuclear Weapon he says he doesnt want Nuclear Weapons. A great thing to say a lot of things have been said over the year
French investigators say they strongly believe a piece of wreckage found last week does indeed belong to missing Malaysian Airlines flight 370. The wing part was discovered on the French Island of reunion nearly 4000 kilometers from where the plane is believed to have crashed into the indian ocean in march of last year with 239 people on board. So far, this is the biggest breakthrough in terms of finding out what happened to them. Here is the chief prosecutor speaking earlier. This strong evidence will be looked at further by analysts tomorrow morning and the specialists laboratory. Im not able to tell you tonight when the results from this analysis will be released. The experts will do their work quickly and competently in order to provide complete and Accurate Information as fast as possible to the families of victims who are in our thoughts tonight. Laura in the aftermath of the flights disappearance, the malaysian government was criticized over its handling of communications with v