Million. America saw 60,000 cases in a day for the first time. Hong kong and tokyo also reporting record tallies. Singapore heads to the polls for an election overshadowed by the pandemic. Disposable wear gloves and observe distancing roles at the ballot box. Lets get to Sophie Kamaruddin in hong kong for the latest. Sophie after u. S. Stocks closed in the red, we are setting up for a lackluster start to this friday morning. Futures are mixed. Kiwi stocks added. 4 so far this morning. S p eminis nudging slightly higher with rising virus infections in focus in the u. S. As well as in asia and on the ecoagenda today, we are watching out for japanese pbi ending acree output and the philippine trade plus chinese credit growth data for june could be released from today. Singapore offline for the elections to be held. Asian stocks could pare the weekly advance but still set for the best five day stretch given the chinese stock rally we saw this week. Flipping the board, china futures have se
With hundreds of job cuts in its trading division. Banks either trading revenue slump. Banks see they are trading revenue slump. Matt we have breaking news out of the financial industry. Profitpany sees pretax materially below 2018. 2019 will be a big drop in pretax profit. The first half net fee and Commission Income was 171 million francs. Pretax profit was 2. 1 million swiss francs. Just. E money it has named a new ceo, Peter Sanderson will be the new ceo of gam. They are also lending a new chairman of the board, david jacob. Gam has assets under management 6. 1 billion swiss francs. It will have a pretax profit materially below that published in 2018. Nejra i am looking at the i. T. Services Company Gemini seeing in operating margin of 12. 3 to 12. 6 and the revenue change up 5. 5 to 8 . Second Quarter Sales up 5. 7 , first half revenue at seven. 01 billion euros. Cash flow over 1. 1 billion euros from cap gemini. , youll speak to the ceo can catch that interview at 9 30 london tim