And the markets say by gold. Global google searches for the phrase hit levels not seen in nine years as the yellow metal barrels passed 2000 an ounce. The cash trade is less than an hour away. Here are your headlines. The white house and democrats aim for a virus relief deal by the end of the week and bill gates tells bloomberg exclusively the u. S. Should help poorer nations get vaccines. Rocked by a massive explosion at its main port, killing dozens and injuring thousands. Authorities are yet to confirm what caused the blast. In fromcontinue to roll europes largest countries. Commerzbank anticipates a loss for the year. We will speak with a host of top executives in the coming hours, including from the frankfurtbased bank. We are just under an hour away from the start of cash equity trading in europe and out in the u. K. Lets take a look at what futures are indicating. Green arrows across the board. For ures up the most, 0. 4 . We get a slew of earnings out of German Companies this m
It will have to wait. The word from u. S. Congress as the next tranche of stimulus may not come until august. President trump holds his first briefing and says wearing a mask is patriotic. And mixed picture for stocks but the euro holds onto gains after hitting an 18 month high as european earnings continue. Beatics company abb estimates and we will speak to the ceo shortly. And elon musks next payout. The tesla ceo qualifies for 2. 1 billion more as the market value reaches another new milestone. The big test comes today as they report earnings. Under one hour away from the start of cash trading in europe. Lets take a look first off at futures. They are down. Looking at jobs of about. 25 to. 33 . The euro is one of the most interesting stories today. What do you see on the gmm . Got a little bit of weakness coming through in the Asian Session, down. 2 . Some breaking news. I mention it because it is good news. Operating, a business in u. K. Retail, i had to read this twice to make sur
This is bloomberg surveillance. This is what the markets are focused on. The markets are looking at some of the data out of germany. Business confidence coming in. 86. 2. Instead of the estimated 85. We are watching out for the case surges in the virus. Something i dont look at very often, but we decided to put in aussiedollar. It did reverse gains. It does seem that european stocks are slumping as investors figure out asset types. Now lets get straight to the bloomberg first word news. Here is dani burger. Dani the pandemic spread in the u. S. Is leaving some state officials to consider slowing or even reversing plans to reopen. Infectious disease expert Anthony Fauci is concerned about the uptick. Struggling to pump out its 2 trillion of virus aid. Much of it remains stuck in tokyos aging bureaucracy. Still 40 of the funds have not reached people despite being approved in late april. For loans to Small Businesses, only 14 have been lent out. For job protection subsidies, it is even w
You from the bloomberg terminal. American contagion. The u. S. Records its biggest ever jump in new virus cases. Governors reverse plans to reopen their states. Powell puts his foot down. The fed dividends bid buybacks. Buybacks amid uncertainty around the pandemic. Wall street giant slide in late trading. An elaborate fraud. Auditors accuse them of a sophisticated scheme to hide billions of euros. Visa and mastercard consider cutting ties. Just under one hour away from the start of cash equity trading in europe. Lets take a look at the futures as they are trading now. Yesterday, we closed slightly in the green. The u. S. Also rose and rallied into the close on news that banks would get a little bit more room from regulators to trade and be able to use more of their capital buffers, so diminishing the volcker rule, helping in the u. S. European futures are up as well as we get headlines that klm is securing a 3. 4 billion euro bailout from the dutch government, so we see more hope of s
The bloomberg terminal. Sentiment boost. The fed announces it will begin buying individual Corporate Bonds. The Trump Administration considers a 1 trillion infrastructure proposal. Riskon becomes the only words investors on investors minds as stocks rally. Fears of a second wave of Coronavirus Infections take a backseat. You can see the big jumps in cash trade and futures across asia, europe, and the u. S. , and a call between Boris Johnson and e. U. Officials. The Prime Ministers saying he sees no reason a brexit deal cannot be reached by july. We are just one hour under under one hour away from the start of cash equity trading in europe. Taking a look at futures, we see decent gains here. I saw a moment ago over 3 for dax futures. Dax futures are the biggest gains. Ftse futures, 2. 25 percent. U. S. Futures, more than one person gains as well across dow jones s p 500 dow jones, s p 500, and emini futures. Looks to be riskon for tuesday for sure. Anna . Anna lets have a look at what t