Stimulus package. Billions in aid for municipalities. They are expected to boost bond buying by half a trillion euros today. Endorsed china security law proposal. This as hong kongs most prominent activist tells bloomberg he wont leave despite a root to u. K. Citizenship. It has just gone 6 00 a. M. In london. It is daybreak europe. Annmarie hordern, good morning. Billion. G of 146 she did it. Angela merkel sets the tone for the benchmark for fiscal stimulus on a really global scale as we go into ecb day. Is it innovative . Is it different . This is about fiscal stimulus versus the angst of politics of america. Good morning. Annmarie that fiscal stimulus deal topped expectations by 30 . What does it mean for the Auto Industry . You mentioned the United States. What a 24 hours it has been since the last time we spoke, especially in the u. S. An absolute condemnation coming from the former defense secretary jim mattis, really condemning president donald trump. We will look into that with
Angela merkels coalition hammers out a 130 billion euro booster shot for the economy including Infrastructure Investment and rebates for electric cars. Only one option for the ecb today. The central bank is seen boosting its emergency Bond Buying Program by 500 billion euros. Some investors say anything less would cause a shock similar to marches selloff in peripheral debt. Falling in line. Hsbc and Standard Chartered both back to beijing when it comes to the proposed security law in hong kong. The latter saying it will maintain stability in the region. We are just under an hour away from the start of cash Equities Trading. Lets take a look at what futures are doing. We see red arrows, albeit small red arrows. Ftse futures down 2 10 of 1 . Dax futures unchanged right now. We are starting to see you as futures actually turn higher u. S. Futures actually turn higher. Dow jones is rising. S p and nasdaq futures still down. It looks like weve had some incredible gains. It would be Pretty A
250point loss for the dow the Chinese Government makes the rare decision to drop its growth target for the year as primier says they are facing great uncertainty. Into remote will remain for facebook around 50 of the employees will work from home in the coming years but warn those working outside of Silicon Valley may have to take pay cuts. A warm welcome to street signs. Lets get into our top story of the day. Hong kongs government will fully comply with the governments decision. The administration has rejected decisions the new laws will impact the rights and freedoms currently enjoyed by the hong kong people. Opposition lawmakers were removed forcibly a lot of escalations and tensions not only between Mainland China and hong kong but questions about what this means for relations between the west and beijing. Lets look at the Hong Kong Market hang seng index down on the back of this news eyeing the National Peoples congress the move has taken some by surprise the fact that they are p
750 billion Euro Recovery Fund executive Vice President tells cnbc Urgent Health is needed no country is left behind in this proposal. What is left behind is the ability to this crisis due to the higher debt levels lufthansa trades higher despite doubts over its bailout amid disputes with brussels. Easy jet sees green amid the plan to cut up to 30 of its work force shares of the skand avian airline says it needs more funding to fly with 95 of its fleet still grounded this has caused government to close their borders and make it impokt to conduct business its also needed that governments step in to try to help to restore this industry. A warm welcome to street signs. Lets get right into our top story of the morning chinas Top Legislature has formally passed security laws for hong kong. Outlooking treason, success, subversion in the territory. Ple pl members passed bill with 278 votes with one vote against. Secretary of state mike pompeo declared hong kong is no longer autonomous from ch
We speak with the c. E. O. Imminently. After that Deutsche Banks c. E. O. Joins us. No moves expected from the fed but markets will want clarity on the pace of asset purchases. Before then, First Quarter u. S. G. D. P. Will show the initial virus damage. Magnus they will. Or not. Eantime damage Deutsche Bank, lets get to the eadline. Weve seen this reflected across the spectrum over credit suisse. Good volatility. The americans also doing quite nicelyful. But when it comes to credit loss provisions for this year, youre looking at 35 to 45 basis points of loans. In basis point term , the outflows on management side of 2 billion. Two billion ewe roes, excuse me. A triumphnt 1. 5rk the market accounts for 1. 69. This has been the lead number there is a live on the blg there. The credit loss vision 25 to 75 points. Nejra dont miss our interview. 7 00 a. M. You see futures leading after alphabet results. We could see yields slightly higher. Dollar extend losses an even with oil, yesterday,