Continent, really. Only the u. K. Was closed for their bank holiday. We had a massive rally yesterday, so the dax was up 300 17 points yesterday, up another 143 points today. Stocks overr german the past couple of trading sessions. The cable rate also shooting higher. Pounddollar right now at 1. 2358. Even with those gains in the currency, i will just tell you you still see the ftse up more than 1 . Typically they move in different directions. That shows you the power of this rally. Finally, a stock trading in shares. Tui they have one issue trading in frankfurt and another in london. A big tour guide and airline operator. They had been absolutely crushed in the pandemic, but over the last couple of days, a massive rally. Today they are up 56 as germany says it is going to reopen International Travel and prepare for something of a vacation season. Over 1 billion in market cap in this one trading session. Vonnie really pretty phenomenal. Lets bring in our next guest. Frances president E
Masks are in short supply in many parts of the world or something from the crisis but has found a way around the problem. Times welcome to the program the coronavirus pandemic has plumbs Aviation Industry into an unprecedented crisis airlines have been forced to ground their fleets as borders are closed and passenger numbers plummet. It is the latest to take drastic measures to try to ensure its survival its reported to be planning to suspend about 36000. 00 staff and the company has stressed there will be no redundancies this week temporarily halted flights from Gatwick Airport you case 2nd busiest. Well finance correspondent come out of the Frankfurt Stock Exchange as well welcome called how markets reacting to this news. Good morning phil well the shares in International Airlines group which is the Parent Company of British Airways are up this morning but the whole sector i can say is pretty stable this morning on the stock markets all of europe. Of course is not the only carrier su
Happen to the thousands stuck there when the pandemic. Im anthony how it welcome the corona virus has spread across the planet but is playing out differently in Different Countries britain has just recorded its largest daily increase in deaths 563 on wednesday bringing the total number of deaths there to 2500. 00 the u. K. Government has been under pressure of its response critics say it was unprepared despite having seen the virus spread elsewhere and that too few tests have been carried out compared to other countries the Prime Minister who was himself tested positive for corona virus has promised to remedy this. Were also massively increasing testing and i want to say special word about testing because it is so important in my eyes ive said for weeks and weeks this is the way through this is how we will unlock the coronavirus puzzle this is how we will defeat it in the lets go to philip play and i just talked to and from a member of parliament and he joins me from outside of london
Stephen beard good to have you with us asian stocks have been on the rise as governments and Central Banks take aggressive measures to fight the coronaVirus Outbreak and limits its Economic Impact on kongs hang seng index rose nearly 2 percent while in tokyo the nikkei index ended more than 8 percent higher shares also rose in Southeast Asia there are signs that Chinese Companies are slowly grinding back to life after weeks of lock downs and quarantines markets rallied after a surge in u. S. Markets and the i. M. F. Has announced 50000000000. 00 in funding for countries hit by the epidemic. And lets go down to correspondent in taipei those on han. Flickers of optimism there from asian markets youve been talking to managers and executives of chinese businesses do you see a similar optimism there. Well im afraid to asian underground doesnt look so optimistic though the Chinese Government figures are fishel figures show that over 70 percent of the of the production has been restarted it a
Its good to have you with us asian markets were up on thursday on hopes that government stimulus could offset the economic damage from the coronavirus hong kongs hang seng index rose nearly 2 percent while in tokyo the nikkei index ended more than a percent higher meanwhile there are tentative signs that Chinese Companies are slowly grinding back to life after weeks of lockdown in quarantine but theres still a long way to go. After weeks of shutdown and quarantine these pictures from chinas state news agency show the country is getting back to work it insists 3 quarters of private businesses are already back up factory owners are obliged to abide by a strict tie jean measures such as providing face masks and disinfectant for their employees workers have their temperature taken twice a day but getting the Assembly Lines rolling is often easier said than done im afraid situation underground doesnt look so optimistic though the Chinese Government figures officer figures show that over 70