U. K. s chief negotiator rejects a proposal to avoid a no deal. Him ask exclusively with he plans to shore up recovery. A lot of things for markets to grapple with. We have concerns about the record cases in the u. S. A number of states, not just texas, pausing on reopening. The initial jobless claims causing some concerns. Could we see layoffs coming through, even with the reopening . We look ahead to Consumer Spending data in the u. S. , and the news flow yesterday and overnight. On the one hand, given one hand to the banks volcker rule, and dividends. We did see the s p 500 yesterday. Chinese markets are closed. We do see a risk on trade in equities. In terms of her features are positioned, muted, up to 10th of 1 . 1 2 10 of 1 . The bloomberg other index is pretty much unchanged. The 10 year yield is study. For oil is study. For is steady. , its beenor oil tempered with a sharp drop in export plants. It is headed for its highest weekly decline since april. Wall street lenders will s
Worst performance in the hamburg election since 2002. Unicredit ceo rules himself out of the running for hsbcs top job. To leavey is expected barclays at the end of next year. The european open sent to be dominated by talk of what is happening in italy. Lets get to the futures. The extremes of selling we are expected to see. We did see negativity during fridays session in europe and the u. S. The change in case numbers in italy. The measures being taken by the authorities to try and stamp out this outbreak. We will keep an eye on that and bring you all the latest headlines. Lets have a look at what we see on be aware that the ftse futures in italy looking really negative. Lets have a look at what is going on on u. S. Futures. This is set to go increasingly global, it would seem. It looks as if the negativity will carry through europe and into the u. S. Session. Ets look at the gmm we had a lot of negativity before we got news out of asia. The malaysian Prime Minister has resigned. Anot
First time in decades. Going there for more from beijing is bloombergs selina wang. Give us an update on the situation in terms of the death toll and some of the evacuations from the ships, and also what we have heard about potential delay to the National Peoples congress. Selina we heard from the head hospital that he turning point may be reached, but we did see the number of , so it looks like the virus has not reached a peak yet. Outside china, countries have been stepping up evacuation efforts from these cruise lines. The diamond princess cruise ship in japan reporting the number of infections jumped to 454 after another 99 new cases right in the fight. In beijing, you can still feel the effects on the local economy, with stores and restaurants still closed. There has been a slight uptick in activity as people have resumed work, but only about 40 to 50 of the economy has been running at capacity this week. In beijing, anyone returning from the city has been ordered to self quaranti
Irans generals. VowSupreme Leader retaliation. Equities dip read u. S. Futures hardest hit, pointing to big losses at the start of trading. Golden touch a fourmonth high as investors flee to safety. Just under an hour away from the trading insh equity europe. We dont have the big drops now we are starting to an european futures that we do in u. S. Futures. Ramping up bigger and bigger losses. Ftse, only half of the sarah down only 0. 5 down. That is like the u. S. If you take a look at s p and nasdaq futures, you are going to see substantial losses. Dow futures down almost 2. 5 0. 25 . Interesting the way we have not seen asian equity markets showing up. The overall level of flights to safety. Money going into old. Gold. Around disruptions commodities expected. We have not seen equity markets selling off wholesale. We have some inflation data out of turkey. Iskey is one market that underperforming. We will speak to colleagues about why it is the European Equity market in terms of the f
Hour. Manus warm welcome to daybreak europe. The recommendation for shareholders. Quite a discussion. The board proposes no diffidence for the past fiscal year, so they are promoting the current offer, saying no diffidence for the current year. Ebitda. It is all about oil where i am on the ground. The ceo last night talking to me about volatility in the oil markets. He would not give me a price. 15 is the range. Sub 60. Pec, the call from morgan stanley. We have got the indian oil ministry. One of the biggest buyers of crude from this region. It is the air, it is not good. Nejra when you talk about oil, the line to be drawn for the trade war is clear. He might talk about sub 50 oil. Let me get the deutsche numbers here. They are saying the guidance for 2019 and 2020 is confirmed. The ebit guidance is reaffirmed. The context, the last earnings, the forecast with 5 billion in ebit for 2020. Then what we heard was basically the target. Post what, when deutsche said that in october, a slow