Thankorgie about you for joining us. Worryingld we start about the amount of debt we are generating and the impact it will have on the economy longerterm . First, thank you for having me. The worries about debt levels going up are not for now. For now, the biggest worry is we do not do enough to support the economy until we have a durable exit from the health crisis. With Interest Rates being record and government can borrow inject hopefully not only a recovery, but a more potent, higher productivity based growth so they can repay the debt they are acquiring now. Case for lowhe Income Countries already in distress. Importanty it is so we make sure they are provided with relief and they are supported with grants and concessional financing, a big theme for our annual meeting spirit for our annual meetings. Francine what is the biggest risk to your outlook . You say the recovery will be uneven, but you have increased your projection . Kristalina the situation today is less dire than it wa
The german lender taps Deutsche Banks retail head, manfred, for the top job, ending months of management turmoil. Shares and hsbc jumped the most in over a decade as its biggest shareholder, ping an, raises its stake to 8 . And buckle up, brexiteers. The e. U. And the u. K. Enter the final round of formal brexit talks this week as britains conservative Government Faces another Party Rebellion at home over emergency covid19 powers. Just under one hour away now from the start of cash trading throughout europe, and in the u. K. Take a look at futures. We see more than 1 gains across the European Equity indexes. European equity Index Futures contracts that are trading, gaining more than 1 with euro stoxx 50 futures up one point 1. 6 right now. Trading higher, up more than. 5 on the nasdaq contract right now. S p and down jones futures or jones futures trading. 7 . 8 . Anna you try and catch up with gains in the United States on friday. I want to mention what is going on. The real focus on
We saw a stronger fix, some signs of trying to anchor the moves we have seen. Watching the likes of indonesia coming online. We are looking at another day of gains for jakarta. Hang seng, slightly under pressure as we wait for the npc to vote on that National Security legislation this afternoon. Former,ei is the upper seeing a fourth day of gains for Japanese Equities on the reopening. Currencies, hong kong dollar is the focus. You look at pokechecked seeing 775 but speculators are out there. The korean won seeing weakness. And then going lower after the bok cut rates for the record low. Lashed their growth outlook. You look at the weakness in the renminbi, that is not really translated. It is pretty much unchanged for some time. We are watching the euro as well after we saw some fiscal stimulus plan, it should be a big deal for the currency, the euro hitting the strongest level in two months. Watching oil which did extent losses, saw a surprise jump in the u. S. Crude stockpiles with
Features in the europe in europe and the u. S. Keep rising as the European Commission presents its Recovery Plan today. Jamie dimon places himself among the optimists who see a quick economic bounceback. Plus, stock deluge. More than 4 billion worth of equity offerings were announced just here in europe yesterday within 30 minutes of the closing bell. 2. 8llion dollars billion offering and is eager is the largest sofar this year. We are just under an hour away from the start of cash equity trading in europe and in the u. K. Lets take a look now at futures. We are seeing once again green arrows after the big rallies that we saw the last couple of days. It looks like the risk on mood is set to continue. Dax futures up 0. 4 . The dax index here in frankfurt closed up yesterday more than 100 points. It closed up on monday more than 300 points, bringing it to over 11,500. Take a look at u. S. Futures as well. We are also looking at gains in u. S. Futures right now after the u. S. Equity ind