Environment, both here in europe and around the world. About the data that we are getting throughout the what it means. We are getting pmi data from europe. We rely on the ism data in the u. S. The sent seems to be the employment components are weak and the headline numbers are strong. Orders look pretty good. Jenna henry, global chief economist joining us. Break it all done. We have had the ism and the pmi data. Thewondering how useful data is really and giving us clues at clues as to whether Global Economy is . Not very. But t low levels, still at low levels. Equity markets are looking for their v. It is whether that b continues. There are useful snapshots. It is always encouraging to see territories. It gives us some idea that things are improving. It doesnt tell us anything about the future. Alix what do we learn from germany . Retail cells had a huge pop in may. Retail sales had a huge pop in me. Janet the difficulty you got with the labor market data, obviously, they are heavily
California and new york become the latest states to backtrack on plans to return to normal as daily virus cases in the u. S. Top 50,000 for the first time. Optimism takes hold of markets again. Asian equities and futures gain after positive vaccine developments and strong u. S. Manufacturing data. The u. K. Offers a home to hong kong citizens after chinas crackdown on prodemocracy protesters. The u. S. House of representatives passes of fresh sanctions bill against china. We are under an hour away from the start of cash equity trading in europe. Lets take a look at futures right now. We see gains across the board after the drops in the cash trade we saw yesterday. A mixed picture in the u. S. But the futures up two thirds of 1 . Dax futures gaining 8 10 of 1 . U. S. Futures are little changed right now. You will see a screen full of green arrows as they are mostly marginally, with the exception of nasdaq futures. It looks like a risk on thursday. What do you see on the dmm . Anna weve
Breaks on future higher call volumes offset by lower revenues. Helping the german telco beat expectations an insurance warns casualty claims to top the year the underlying performance, wed be talking about a strong delivery but of course, the conversation will be dominated by the impact of the virus that will have impact and growth for the remainder of the year. A down but not out. Second quarter Global Oil Demand well speak with the executive director on this show. Lets dive in to that oil report that is just crossing the latest is that all demand is set for a record fall in 2020. Probably no surprise to our viewers out there. It has trimmed the forecast for the drop citing the easing in drop down measures that has trimmed estimates by 690,000. The report that 2. 8 billion people will be living in confinement through may. Down from 4 billion in april the iea trimming its forecast and citing the ability in some European Countries and the United States. Uncertainties remain the biggest
That plays how throughout the afternoon, but it is certainly cassidy a pallor certainly casting a pallor over these markets. The stoxx 600 down more than 3 . All of the major indices, from the docks to the ftse 100 to the 3 . 40 down more than group just one stock 3i group just one of the stocks bucking the trend, up more than 5 . Prudential, the insurer, down 8 . It says it will be a difficult Second Quarter. We will speak with another insurer headquartered out of london little later on, the lloyds of london Ceo John Neal about difficulties for ensuring markets in this environment. That is all to come in the next two hours. Lets get back now to the u. S. Initial jobless claims coming in at 2. 9 8 million last week, topping initial estimates. That brings the total now to 36. 5 million since the coronavirus pandemic began shutting down businesses midmarch. Lets get to our guest, who also has a focus on latin america. We are speaking with catherine rivera, bulltick with kathryn ofney ver
Efforts to end the standoff between the countries. And hewitts led strikes against Climate Change has put added 6 scrutiny on World Leaders song which the u. N. Today for an emergency Climate Summit. Blasts the game of thrones brings once again crowned the winner for best drama at the emmys we have a look at the wins and upsets of t. V. s big night each. One of a warm welcome to you im under. The oldest travel Company Thomas Cook has collapsed after failing to secure a last minute bailout more than half a 1000000 people worldwide are currently on holiday with the group the u. K. Civil Aviation Authority is beginning an operation to bring home some 150000 british customers stranded abroad the head of the civil Aviation Authority in britain jim johnson has this message for thomas cook customer if our customers passengers have a flight booked out from the u. K. Today unfortunately your flight has been come sold our supplies dugouts of a piece turned out to be the airports if youre oversea