Good morning and welcome to bloomberg surveillance. I am Francine Lacqua in london. Arkets are moving sideways little bit, but optimistic about things to come. Overall, a lot of focus on the markets. Dollar weakening, but stocks advancing globally. Aussie equity futures up after european leaders reached a deal on a landmark package. Equities rising also across asia. Australia outperforming. Days of tough talks, european leaders agreed on a landmark stimulus package that issue 750he bloc billion euros of emergency debt. Grants,ion euros in less than the 500 billion euros the french president and german chancellor included in the earlier draft of the proposal. The deal represents a victory for a collective you response. Joining us now from brussels is a reporter maria tadeo with the details. Maria we do have a deal and a whole package of 750 billion euros. The grand component which had then problematic now confirmed, 390 billion euros. The breakdown by country is interesting. Italy and s
Pandemic kering gets paired down with gus gucci sales down volatile trading again in oil as brent bares the brunt of the selloff. Nearing 21year lows producers battling the glut and depressed demand the u. S. Senate passes a new 500 billion relief fund package. This will go to hospitals. Loans for Small Businesses and some assistance in the funding for testing. You cannot tell people to go out in the streets without adequate testing or the fear is that corona will come back doubly as hard as it came the first time a very warm welcome to street signs. European markets starting the morning off on a high note currently trading about 1 higher following a steep selloff with the main benchmark breaking the win streak this morning, european corporate earnings taking focus. We had a number of Earnings Report a raft of Different Industries movement around dividends and a lot of pressure on earnings. Companies sounding a more optimistic tone in the second half of this year and beyond 2021 Energy
Sorry kelly welcome to the program british Prime Minister Boris Johnson has the coronavirus he is the highest profile political leader confirmed to have contracted the virus so far the u. K. Health minister has also tested positive heres why. Boris johnson clapping in front of number 10 downing street on thursday night a symbolic thank you to the Health Workers in the fight against the corona virus on but no one at the time the british Prime Minister was already experiencing symptoms of the dizziness on friday he revealed he had tested positive for covert 19. I am working from home im so far isolating and thats entirely the right thing to do but be in no doubt that i can continue thanks to the with technology to communicate with whom i talk to him to lead the national fight back against coronavirus precautions were already in place the Prime Ministers Daily Press Briefings were taking place without journalists present their questions delivered via video. And johnson had held his weekly
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Something truly russian is the too much as i must destroy it. I have mocked my citys gains for centuries and accompany my country towards mine because until the day i mean a vanished. Not tied down to families dance and pool and. Some stock exchanges cool back gains but not all straight despite Central Banks some leeching trillions in stimulus millions space job losses across the virus takes its toll. The World Economic forum urges companies to work with governments to sold this crisis. And trade fairs go virtual to beat the outbreak but leaves. Interesting caterers high and dry. And invisible and lets do business the last time this happened was the 2nd world war but instead of producing weapons car makers electronic giant sent textile factories are switching their production lines for the common good French Luxury Group which owns you would talk to and christiane do your is ditching perf you for hand sanitizers italian textiles firm me the whole deal is supplying the state without an