More positive. Barclays misses First Quarter estimate with 2. 1 million in credit impairments investors navigate unprecedented conditions caller what they are doing at the fed in terms of her majestys and the banks. Well watch two tsunamis hit at the same time. Investment banking provides a boost. Telling cnbc credit losses are manageable despite more pain to come this year will be more difficult than any of us anticipated. We are doing anything we can in anticipation of our risks and costs to preserve the capital that we can. Airbus blaming limited visibilityas 60 aircraft could not be delivered due to the outbreak not as bad as advertised shares of alphabet rally after the Google Parent Company said the slow down is easing, beating more pessimistic forecasts a very warm welcome to street signs this morning. Lets get a check on the european markets trading in the green. It has been a choppy session we saw the stoxx 600 slip below the flat line now. The ftse 100 up about 1 we have the
Exception of the new zealand dollar. We see the japanese yen weakening a bit and the renminbi was in focus. To 1714. Nching closer 711 93 for your onshore. Bonds are mixed across the board. Australian 10 we are watching it was the rba announced not a smaller amount than expected. Seeing a little bit of a selloff when it comes to your aussie bones. Up eight basis points. Areomes to brent, we getting a little bit of a breather. Higher. A half percent we are hovering around 21 for wti. There is optimism President Trump is going to be meeting. Ith oil execs that is leading to some of the oil bulls to come back out again. Lets get the first word news. U. S. Intelligence is accusing china of concealing the true extent of the coronavirus outbreak. Underreporting total cases and deaths. We are told the public statements about the infection have been intentionally incomplete and the numbers are fake. Beijing has changed its reporting of people and added hundred 30 extra cases in the first day.
Data, the u. S. Saying that beijing underplayed the number of cases and deaths. And we work may take legal action that softbank wants better terms on theirh rescue plan. Haidi . Inflationary pressures or lack thereof from south korea coming through the cps for the month of march. We are seeing a contraction of 0. 2 , better than the contraction we were expecting of 0. 4 . That is a month on month figure for Consumer Price pressures and south korea for the month of march. In atmber on year coming 1 , so a little better than 0. 8 expected, a little softer from the 1 reading in february. Expectingse have been some demand as well as the impact of lower energy costs, lower oil costs, the plunge in oil prices, down an average of almost 50 year on year so far this month. Debtor february february data carried through, and you would expect that to carry through to april as well. That is the south korean numbers. We have been looking at a lower open going into the trading in seoul and tokyo. Let
Holding fire today after two emergency cuts, futures point lower. The economic cost. Larry kudlow says the jobless claims figures today will show a very big increase. Bonusese, wall street could be cut by 40 this year. Just under an hour away from the start of cash equity trading in europe, lets take a look at futures. After two days of backtoback , we did have a record jump on a lot of indexes the day before yesterday. That was bolstered by another gain. Futures are down by 2. 5 . Take a look at futures in the u. S. This morning, we had a mixed picture. Now it is turning red across the board. Futures globally turning lower as we get closer and closer to the european open. The u. S. Senate has passed a record 2 trillion Coronavirus Relief package. The approval comes after both parties moved past a lastminute dispute over Unemployment Benefits for lowwage workers. The onus is now in the democratic led house to pass the bill quickly and send it to President Trump for his signature. Joini
Mistaken, the foghorn buddy . I will have to check. Foghorn boogie . We do have low clouds in place, 40s and 50s on temperatures, it will be cooler as the fog bank has a pretty good wrapup, inland 70s but the coastal bay getting into the 50s now and off to the 60s. Cell sal is here now. Amazingly it looks like a normal day. People on the road, some people may be avoiding transit and taking a car, that is my educated guess, ridership on the transit is down but, the traffic here looks about normal at the bay bridge which is to say 10 minutes 50 minutes for a delay north and south looking okay, no trouble getting to the airport, highway 4 slow, so is the 680, i noticed that slow traffic along the same corridors for Park Services are available on some of the other areas, we dive into that a little more in just a few months. Now lets go back to the desk. More breaking news, the market had a very tough morning, so much so they actually halted trading out of the gate and is reopened, actually