Anna good morning from london. Manus cranny is in dubai. These are todays top stories. It is a mixed monday for Global Equities as coronavirus cases and u. S. China tensions threaten risk appetite. Mike pompeo suggests action to protect National Security will not stop at tictoc. Shares did as earnings missed the mark. The group says it will accelerate cost cuts. More to come from our exclusive interview. We will hear from sociogeneral after a surprise sociale generale after a surprise loss. Task force head says the pandemic is in a new phase. It has just gone 6 00 a. M. In london. It is 9 00 a. M. In dubai. Normally it is yusuf and i this time. They were very clear, the single worst economy is the u. K. It is one of the weakest economies globally. They have taken a hit. They gave us a global perspective, a wide range of losses. There has been a big shift in the global economy, but it is not going to be enough to steady the ship. The next three to six months will be critically important
We were hearing that we could see some candlelight vigils later on tonight, people going online virtually. It comes amid hsbc defying the u. K. And backing this National Security law. And the corporate impact of all this as well. Lets check on the markets, they seem unphased by what were going through here geopolitically and what were seeing in the u. S. The protests have calmed down a bit in the last two days or so. Markets off the highs but were trudging higher today. Mobile stocks on track for a ninth day of gains. Jakarta coming online and continuing to trend up, 1. 3 . U. S. Future seeing a little bit of pressure. The airlines, the nifty with modest gains at the start. Haven,rally and bonds a selling all. You did see yields picking up here. The aussie, back to 1 once again. The chinese 10 year yield, now or near february highs. The second worst performer after bulgarian debt, on disappointment that beijing may refrain from stimulus. About somebts opecplus deals. Watching the curre
As protesters moved to shut down hong kong. We are live on the ground. A public spending boost from Boris Johnson raises expectations he is playing for an early general election. Parliamentary majority hangs by a thread. Manus a warm welcome to the show. And raise your game the bet higher. That is the message from the chinese. The dam has been breached. The dogs have been unleashed by the pboc. They are letting the hounds run, even though they verbally intervened. Nejra i love your use of language. What a dramatic day of the markets. The question is where the next resistance level is for the yuan and whether the pboc is going to defend a certain level or whether it is just protecting against wild swings in volatility. Whether we now see the start of a currency war and weather will be more challenging for banks which have less room to ease, which means japan. Manus there are five emergingmarket Central Banks, five more to go this week. I think when it comes to pboc, you are seeing the s