A stimulus plan to offset the pandemic and another big week for earnings. Results from sap as europes largest tech companys speak year ceo speaks with us and ryanairs cfo. Speaking of ryanair, weve got numbers coming through from the airline. Tax, quarter loss after 185. 1 Million Euros. The estimated loss was 276. 9. That is a smaller firstquarter loss after tax than was expected. What we are hearing from ryanair in terms of commentary is the biggest fear is the virus second wave and fears are already swirling around that in terms of the news over the weekend with u. K. Imposing quarantine from spain. We will no doubt get comments from my ryanair. Losses are mounting. Basically, First Quarter customers, zero point 5 million versus 41. 9 million, the estimate was 96 , theor, 61 versus estimate was 57. 8 but the main number to look at is the first and basically ryanair said it will continue losing money through the summer. It is concerned a second wave could push back to recovery into n
Amid consulate closures and arrests over spying allegations. Ray dalio warns the capital war could hit the dollar and gold source to a record high. Ryanair says its biggest fear is a second wave of the coronavirus as the Airline Reports a loss for Quarterly Earnings as the u. K. In forces a 14 day quarantine on travelers from spain. Plus, sap plans to spin off its Consumer Survey unit two years after buying the firm. It also beat Free Cash Flow forecast for the year. We are under an hour away from the start of the cash equity trading in europe and the picture, firmly risk on which might seem a little counterintuitive given we are seeing gold at record highs but this is the state of play. Euro stocks futures called 1 5 of a percent higher. Travel stocks could be active given the decision to impose a quarantine on travelers returning from spain amid increasing concerns of a second wave in the country. Ftse futures called higher by a similar margin and s p 500 mini futures in the u. S. ,
Economists were expecting at least a 4 . Property investment is a sore point, still eight. 5 down. Worse still 8. 5 down. A slight pickup in the jobless rate. I cannot seem to find a be. It seems like a miss across the board on activity numbers coming through. We are still waiting on some other numbers. In some ways we thought this would be soft but not this soft but the rate cuts in the seven day. Markets are not really reacting as much. Yvonne currency continues to be something traders are ignoring, pboc fixes given the pressures we are sitting on the currencies. Yields are taken higher globally. We could be seeing a scenario of 754 china but looking at how markets do say were seeing slight declines so taking it in stride right now. Maybe a cushion in markets in terms of sentiment. The retail sales print is the lowest we have seen since last december. National bureau of statistics should start their press briefing to give more context. And we have helen chow out of bank of america. W
The trigger on the economy at home but if youre looking at inflation that is where the concern is and those inflation was have piled on since the july meeting. Continuingd a spiraling lower and oil prices and that will eventually push back a fed rate rise. Only about one third think that a rate hike will happen in september. It used to be a 5050. Beforenny isnt it when we thought the stimulus would end in the u. S. The market would selloff. Now a delay in the rate rise and the market still sells off its because they are focusing on why the rate rise will not come. By 1 10 of a percent. We will be seeing how all of these markets open across the board and there will be some interesting movers. Keep your eye on richemont. We are talking watches. The exports from watches are following. Down 40 in china. That is a phenomenal statistic. That is showing the woes of Consumer Sentiment in china not wanting to buy foreign goods and especially not after a devaluation. Think about what august is g
Gradual plate gradual pace of raising rates. Corrects inflation is not at 2 . Before we move policy get to the gold otherwise we are going to be behind. Driver, set tow to steer its ceo out of crisis. Anna a very warm welcome from us in london, i am and i words. I am anna edwards. Matt imf miller. Anna talk about the United States and houston specifically. So much of the United States energy market, a landmark hurricane, a landmark storm now earlys over texas area estimates of what kind of Economic Impact we might see here, 24 billion dollars. Stay, howhe reins to long they keep falling is going to be one of the key questions. What has this done to markets . Gasoline spread flying as harvey looms. Futures are the same. Oil steady but refineries have been flooded. More than 10 of the fuel making capacity. FarColonial Pipeline, so from houston to the east coast of the United States it seems we have no word that it is not running as normal. Certainly that would be one way that this crisis