A surprisenk posts profit after saying it made below the ratio target. The ceo joins us, dont this it. Dont miss it. Manus a little bit later on, joining us at 7 30 a. M. That isravity defying, the word used. You look at the numbers. Of 66 million, and revenue comes in at 6. 4 billion, beating the number of 5. 7. Undoubtedly, those are good numbers. They do warn that we might have a little bit of a problem. Nejra of course, we will get the full details scheduled for april 29. I do wonder why they said they may modestly and temporarily dip cet1 the target for the ratio. Otherwise, markets very much focused on the gradual reopening of economies around the world. You had a report from the who over the weekend saying that if you get coronavirus, it might not make you immune to new infections. He wonder if the market might be underestimating the prospect of early opening. In japan, after what we heard from the boj overnight. U. S. And european futures powerfully higher. We did see some gree
To pressure to satisfy Capital Requirements can European Finance ministers agree. Saying common debt is a necessary to fight the impact of the pandemic lockdowns across europe is set to be extended as they say the peak has not passed. A meeting today will review the restrictions. Lets not tempt fate here we are higher. Up 1. 7 at this point. That was pretty much in line with expectations on the futures about an hour ago or so. The issue is how willing will investors be on holding the position when many of these markets will be on a fourday holiday. There will be a lot of things floating around. Do we get a euro group agreement. Do we get an oil market agreementout put at this point do we get some progress on the virus plateauing at this stage lets show you the European Exchange and what is happening in individual markets. There are some individual reasons why these markets are doing what they are doing. Some relief in the housing sector for red wood. We also saw the bank of england tal
We are live on the ground. Matt welcome to bloomberg daybreak europe. We are looking at possibly the end of a global drop in equities. If you take a look at ftse futures, for example, they are still being sold. The open now slated to selloff across europe. However, the u. S. Futures dont look quite as bad. A big selloff we saw yesterday. The pound had rallied on hopes that the eu was considering helping Boris Johnson by limiting the time the backstop is in place. The pound fell. Right now we are at 12283 against the dollar is no deal brexit is back on the table in a substantial way. You see yields now rising as investors are selling debt. They did buy it yesterday on concern about the manufacturing numbers that disappointed the market. Thosere now selling treasuries and pushing the yield up to 1. 66 . Speaking of manufacturing, the u. S. Economy is losing speed. Economists are wondering how slow it can go without dipping into a recession. Growth below 2 would have almost guaranteed a c
First rate cut expected. We will bring you the comments of Andrew Bailey. And the chip designer arm faces a disappointing forecast with fears of slowdown in a. I. Demand welcome to street signs. We open with the spanish banking saga bbva is making a hostile bid for the rifleval with the deal rejed by sabadell board. The Spanish Government says it opposes the move and the proposed merger could create a financial instability. The deal with the two businesses makes sense to bbva and it is an attractive deal. We heard from the ceo yesterday who said there are challenges to domestic consolidation in the Banking Sector this is difficult to make a friendly transaction if you are in a position to be a 50 million euro market cap. This kind of transaction usually goes through a tender offer and probably more style than friendly that is how you do a deal. That is the reason p why it is o easy to do a consolidation this is something that is not so easy to do thats also what you have to remember at
Made on thursday. Welcome to daybreak asia. Im paul allen. Im betty liu in new york. Story in thejor markets. In the very early morning, leading up to the meeting and digesting everything janet yellen was saying. He bump up in growth. This forecast and Economic Growth here. The job market is still continuing to kind of slug along percenting that three forecast for 2018. A lot of scratching the heads as well. We have strong broad jobs growth. And theres Janet Yellens legacy to think about as well. I have a wonderful piece of trivia for you here. Finalll have the lowest Unemployment Rate of any fed chair since William Martin of 1970. We can have a newfound knowledge of said history. Fed history. I found that out from someone else, by the way. Weve been trading for a couple hours now. Slightly weaker, up. 2 , the kiwi dollar breaking above . 70. Trading in australia just getting underway. It is difficult to get a gauge on how the asx is performing because we have the staggered open here.