Nissan scrapped its payout entirely. Changes at the top. Ubs begins its search for a successor to ceo Sergio Ermotti. They are said to be seeking internal and external candidates. Good morning, just under an hour away from the start of the cash equity trading day in europe. Lets take a look at the futures picture. The picture around the asian equity session was one that was flat and negative, and this is the picture we have for european futures. European futures showing a bit of upside to the start of the trading day, as our u. S. Futures. We are expecting to see more movement, but coronavirus remains a big topic of discussion. And expectations about what Central Banks can do is at the forefront of investors minds, when we look at the resilient futures. Lets get to the breaking data. We have german Economic Data for the German Economy, stagnating in the Fourth Quarter. That is our red headline across the board. The quarter on quarter number, unchanged. There is the stagnation for you.
Sift through some contracting data, trying to figure out the impact of the coronavirus. The stoxx 600 for to much flat. U. S. 10 year yield kind of Holding Steady and we look at europe as we are having quite a lot of data today. Germany not as bad as it could have been but we are expecting gdp for the eurozone as a whole. Coming up, we speak with the cleveland fed president. That is an exclusive interview at 5 30 p. M. U. K. Time. Thats get to the first word news in new york city. Viviana we begin with a chinese province of the epicenter of the coronavirus outbreak. It has reported almost 5000 more cases. Confirming the nearly 15,000 reported yesterday which appears to be a oneoff situation due to a new method of counting infections. Chinas revisions to the data is making it more difficult to gauge the true scope of the outbreak. The death toll was lowered by more than 100 to account for double counting. It is right now at 1380. Here in the u. S. , one of Donald Trumps most trusted cap
Matt good morning from a very busy berlin. We have a office full of reporters who have been here all night long, like the Lionel Richie song, because the German Climate cabinet has been meeting since yesterday and has not been able to come to a decision on the possibility of a carbon tax or extension of the cap and trade system, and has not come to a conclusion about what environmental kinds of environmental package that could be in the tens of billions of euros ity wants to present. Nejra it will be interesting to see what that includes, and if Angela Merkel disappoints. She was criticized when she was environmental minister. It is the number one concern of german voters, and as far as what we could get, there are questions over some kind of extension of the emissions trading scheme, may be moving that to other sectors, and if there could be a carbon tax. All this could affect a number of companies, including airlines and also a lot of transport companies, matt. So what do you think m
Japan increases the pressure on south korea. Europe braces for announcements on trade from President Trump today. Trade pains and job gains. Report is expected to be a takedown from the june number. After the release, we will hear from larry kudlow. Matt good morning. Is bloomberg daybreak europe. I am live from berlin. Se are looking at allianz earnings coming across the wire right now. Companyres to the compiled estimate of 2. 9 9 billion euros. It is a leading on it is beating on the Second Quarter. Seen a range of 11 billion, 12 billion on the year. If they hit that number bang on, it will be no change from last year. We are going to speak with the. Llianz cfo do not miss that interview at 7 00 a. M. London time. In about an hour. Nejra . Nejra i have numbers coming in from credit agricole. The context is it is joining fox capital. Listing the Second Quarter ratio, 11. 6 . Secondquarter revenue coming in t on meeting the estimate. If we take a look at some of the other numbers comi
The euro continuing to go down against the swiss franc, piling pressure once again on thomas yourdon. Vonnie here in the u. S. , we are seeing continuation of that decline in equities, down 1. 3 for the s p 500. The nasdaq 100, on some chipmakers we are looking at almost 2 . The 10 year yield has been on the decline a little bit today as well, now down at 1. 84, despite a jobs report that pretty much would have been very pleasing had we not gotten those tariff tweets yesterday. Of course, larry kudlow saying this morning that we will see what comes out in beijing today. He seems to be hinting something would indeed come out of beijing. That said, the offshore yuan is trading at 6. 9721. Theres a big spread between where the yuan was fixed at today, which is stronger than 6. 90, and where it is trading at offshore now. Crude oil futures recovering just a little bit. A huge decline this week, but backup 2. 7 now. We will see some of the market moves and perhaps productively, they are low