Deutsche banks restructuring cost went to 5 billion euros and push them to its 4th net loss in five year and shares rise for the second day a 3. 4 billion euro takeover bid. Well, as you can see, italian bank stocks are rallying this morning. The highest level in over two years after italy avoided eu disciplinary action. It expects the country to fall in line while they promise to reduce the deficit over the next two years. You can see there are almost 2. 8 unit credit particularly well this morning. 4. 6 higher. Also not performing quite as well as some of its peers though up 3. 7 . Now this broad based rally also underpinning the move. The spread between italian and jeremy ten year bond yields touched its lowest level in more than a year as they were near record lows you can see that distinction falling pretty sharply there at the end of the graph with the italian tenure down at 1. 639 and 10 year at negative. 388 now my colleague just got back from brussels last night and is immerse
There today than august as storm anthony brings widespread heavy rain, a risk of gales and disruption. Ill have the full details coming up soon. Yeah, well be telling you everything you need to know about that. Good morning. Im anne diamond. And im Martin Daubney and this breakfast on gb news. This is breakfast on gb news. Its going to be a very stormy , very nasty weather wise. Stormy, very nasty weather wise. This weekend, isnt it . Where did Global Warming go . Where is august gone. Yeah, well, its like were writing it off already. Its gone down the pan and. And, of course, it coincides with the school holidays. My family are in scotland. Hello. If youre watching, youre probably going probably not. Theyre going to miss think first its miss it. I think at first its going batter into the going to batter into the south west up way. South west coast up that way. But what a british but yeah, what would a british summer be without terrible weather . I know. I mean, ive just recently been
Most of the world youre watching Oxy International on piece of scotts. And these, the top stories is how we start with the israel, where at least a 160 people are reports. And so being injured, including 11 with gunshot wounds, of somebody finding cautious between every train refugees and police and tele, vive hassan secrets, protesting against the trained governments where confronted by pro is being supporters and these very police using gusts. So if a Law Enforcement officers are among the wounded, the condition of 15 is said to be serious according to local officials. For they said they opened fire on the refugees who had funds to hold a festival near the retreat embassy as instead broke through barriers and stops of writing. A warning. You may find the following images disturbing. The loud applause music tales and footage shows to guests being deployed as people have done. So tells us so to joso, shows what appears to be a life is on the line on the ground. And i still note whether
Message wouldve been a different one to the business community. Would have been yes we are negotiating ploy might have the dl, yes there will be a deal, but dont cross these lines because this is whats going to happen. Instead, the examples given in the precedents that were in the opposite direction. The message was sanctions or is till in the law books but we are not going to implement them which is why Companies Feel comfortable even though they are so five, six months into implementation they go through the breach. The Swiss Parliament by the way feels the same way. Switzerland maybe not the biggest Global Player but it had a fruitful trade relations and a lot of the phone companies they were running to circumvent oil sanctions, procurement sanctions, to lg sanctions lifted all of its sanctions. They abolished it. They are not waiting for congress. They are not waiting for implementation. Even if you can treat sanctions as a yellow light, not a red light anymore, it is not the yello
And it dropped to the lowest evel since june, 2012. Down 3. 7 , also seeing weakness in jakarta, malaysia, and thailand that has just come online. Japan at a lunch break at the moment. Down by 1. 1 , the nikkei 225. 168 out of the 225 stocks lifted on the nikkei. We are seeing good gains though coming through in australia th the s p 500 ask 200 up by 0. 8 . A slight pickup in new zealand. Were really watching currency markets. There has been the fillet to the safe haven yen. The malaysian currency has fallen again today with a big slump coming through currently holding a fourth spot 3975 against the green back and also under pressure as well. Pretty flat at the moment holding the 26 spot. You can see the big slumps that came through earlier in the days trade. So, a lot going on for investors but of course those markets in hong kong, tywan, and korea also closed today. Thank you. The China Exchange rate sent shock waves through the markets but there wont be many with doubts over whether