Theyre buying up parts of it. The advertising boycott enters with Corporate Giant starbucks joining a slew of names to with draw all ads from facebook the coronavirus outbreak killed 500,000 people around the world. The number of confirmed infections topped 10 million thats according today at a compiled by Johns Hopkins university you can see how the death rate looks with the usa up top followed by brazil and then the United Kingdom in terms of what we are witnessing on the european markets this morning, we started out the day weaker or roughly. 2 down and then you can see that we reversed again. Were down just over a tenth of a percent so far and this is struggling to find directions in the start of the session were picking up losses from wall street on friday. It hit the european mashltrketst week and also the second wave of infections and this one is particularly hard to quantify given we are seeing localized restrictions that we witnessed at the initial phase or start of phase one.
We will break that down later on. Take a look at the rest of the market. You see caution still. The likes of gold, despite the rebound in stocks, gold topped at 1800 for the First Time Since 2011. Theres caution around a resurgence of cases. We have the situation in hong kong with china and acting sweeping powers. Goldman saying we could see 2000 for gold in the next 12 months or so. Extending theg best performance we have seen in 30 years. Money coming off of the dollar here, more of quarter selling and rebalancing. A little bit of strength in the yen. Offshore renminbi gaining at 705. Take a look at the nikkei. A survey cannot very negative. Manufacturing sentiment dropping to the lowest level since 2009. China seeing shares up 6 10 of 1 . The pboc said to Lower Borrowing costs for small businesses. Perhaps anticipating a rate cut today. Watching bonds. Treasuries did tumble. They continue. 68 basis points. Lets get to our top story now. Hong kong marking 23 years of chinese role hou
Data and parts of beijing are locked down. They see red after impairment charges and write offs that could hit 17. 5 billion in the second kwarquarter. Easy jet launches its first flight since march. Wed like to see it get replaced by Something Else and thats what the purpose is but there is the case that this should be tried and tested by the court and the french president lifts almost all virus restrictions reopening restaurants and bars as he claims victory over the virus. Starting tomorrow we will be able to turn the page. Well, a very warm welcome to street signs, everybody. European markets have now been open for about an hour we saw the stoxx 600 gain a percentage point. We saw whether it has further to run given the fragility of the Health Situation and thats in beijing and several states in the United States causing a lot of concern so certainly seeking a more cautious trade on friday. Lets see what the break down looks like in terms of region. We have red across the board her
Ended too soon. And the afghan president orders and military to restart offensive operations against militants this after extremists act civilian targets are polluting a Maternity Hospital where they killed mothers and infants. Im dr thomas great to have you with us today as lockdowns ease across europe with people slowly returning to work and school later today the European Commission is expected to announce new guidelines for Summer Vacation travel the new framework will lay out the conditions for reopening borders for schengen countries now under normal circumstances these countries allow passport free travel among Member States expected our new guidelines on hygiene for hotels and other tourist accommodations. Its anticipated that the commission will also recommend the masts of one on trains and restaurants. To diffuse back sanders following the story for us in brussels good morning to you max its sounding like good news what can you what can you tell us about the measures the comm
Soon. And the afghan president orders the military to restart operations against militants comes after extremist attacks civilian targets including a Maternity Ward killing mothers and. Im sunni so was gone its good to have you with us germany is set to ease border controls with neighboring countries starting this weekend and a further step towards loosening its coronavirus lockdown measures german interior minister abbas they hope by says agreements have been reached with france switzerland and austria to ease travel restrictions starting on saturday a border checks with luxembourg will be entirely lifted from that day and similar measures are being discussed with Denmark Germany closed its borders to all but essential travel almost 2 months ago. Or more before groom our Political Correspondent kate brady is following the story for us hi kate give us the latest on this announcement. Well that press conference where these measures are being announced is just coming to an end right now