Damage assessment economists expected payroll reports to show 22 million job losses, taking unemployment levels to their highest since the 1940s. Neel kashkari says the impact will be devastating. And customer orders slump. We speak to the ceo. Lots still ahead in the trading day. We will talk about siemens numbers and the lack of visibility. We also get plenty of analysis for the jobs report which we expect to see later today. With that in mind, lets take a look at futures. It seems we have found plenty of reason to be cheerful this friday. We will not have any trading in london because it is a Public Holiday, but we have plenty of positive trading coming in from the Asian Session and indeed, in the futures, we see that reflected. Futures point higher by around 1. 3 while european futures, where we see moves to the upside. Euro stocks futures up by a similar amount. Of focus on reopening, which seems to be taking place or being planned for in various parts of europe and in some cases
Irans generals. VowSupreme Leader retaliation. Equities dip read u. S. Futures hardest hit, pointing to big losses at the start of trading. Golden touch a fourmonth high as investors flee to safety. Just under an hour away from the trading insh equity europe. We dont have the big drops now we are starting to an european futures that we do in u. S. Futures. Ramping up bigger and bigger losses. Ftse, only half of the sarah down only 0. 5 down. That is like the u. S. If you take a look at s p and nasdaq futures, you are going to see substantial losses. Dow futures down almost 2. 5 0. 25 . Interesting the way we have not seen asian equity markets showing up. The overall level of flights to safety. Money going into old. Gold. Around disruptions commodities expected. We have not seen equity markets selling off wholesale. We have some inflation data out of turkey. Iskey is one market that underperforming. We will speak to colleagues about why it is the European Equity market in terms of the f
The u. S. 10 year is certainly very much the front end of the european really crossed and getting finland, germany, france, netherlands, belgium, some of the biggest moves you can see. Remember, these are standard deviations. You really dont ever see these kinds of colors. It is a huge move. The market is looking for safety. Platforms are being left to one side. So many big assets including sterling. We will talk to a lot of guests this morning. We try to get you an idea of what is going on. How did the smart money get it so wrong . Kramer from s p will join us later on. He told us that it was an automatic reaction of the smb would downgrade the u. K. We get his thoughts this morning. An ardent campaign to leave the eu will also join us. We will count you down to see where the market is going to open in 29 minutes time. We will be fascinated to see this move on the pound will take other asset class movements. Trying to get reaction from you as we have seen this leave the vote come thro