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The hardline view. Said to be ready to accept doling out grants as the Recovery Fund talks stretch into a fourth day. Will the rest of europe be willing to compromise . How will markets react . Stocks and futures trade mixed spread inead in a coronavirus infections. Hong kong hit a daily record as a u. S. Congresswoman calls floridas outbreak out of control. Julius baer kicks off European Bank earnings with a record firsthalf profit. We will speak with the ceo in just a few minutes. An interview you do not want to miss. We are just under an hour away from the start of cash equity trading in europe. Futures have turned higher this morning, likely on those eu headlines. They could be closer to an agreement. Frugal four may accept 390 billion euros in grants. Angela merkel, Emmanuel Macron, and the rest of the main bloc want ....
And we expect a normalization of that. But you need to remember as well that in our case, we have been working to stabilize, grow the franchise, recover some market share, so what we are pleased to see is that underneath that sort of outperformance in the market environment that we have been in, we have seen really good franchise stabilization traction , client engagement, improvement in clients. We think that bodes well for the future. You are expecting slightly higher revenue for the full year. Not too conservative now given what we have seen in the first half . It it would be james would be a normalization but i think an improvement on last years second half. Again, especially in our businesses, where a year ago, we were going through a restructuring and there was some uncertainty around our people and franchise, so with that now behind us, we see momentum in the core business, and we would like to see a secondhalf performance well ahead of last years second half, but we will see ho ....
Line. President trumps top advisors want to destabilize the peg in retaliation for chinas tightening grip on the city. Hsbc slumps after bloomberg learns it was singled out in the report. Continental drift. Futures point to a second day of losses in europe. The fed Officials Say their scope for more action and economic recovering, if it stalls in the u. S. , where virus cases approach 3 million. Soon ask spending plan. The u. K. Chancellor set to unveil his measures to reinvigorate the economy. Will it be enough to drag the u. K. Out of it steepest slump in three centuries . We are just under an hour away from the cash trade here on the continent. Lets take a look at futures right now. Decent sized drops. 9 10 of 1 on ftse futures right now. Dax futures down three quarters of 1 as well. We also see u. S. Futures falling. Only 2 10 of a percent. What does the gmm tell you . Anna lets have a look at the gmm. It tells us a mixed pictu ....
Is the ecb doing every thing it can, or will it do more . I think that is the question the market is looking at. We are trading 1. 94 on btps. Vonnie in the u. S. , we erased all of our 2020 decline on the nasdaq, now down slightly lower, but pretty much flat on the year. Microsoft, facebook, all of the things have been doing all of the faangs have been doing particularly well, leading this rally. The s p is up, but there are a lot of crosscurrents, from earnings to the dire economics. We saw the adp report yesterday, followed by jobless claims today, waiting on the payroll report tomorrow. And of course, different reopens across the states. You mentioned currencies making lows today. The dollar index is higher at 100. 29. We were to speaking about crude, up 7 on saudi arabias goodwill on prices. Still not a huge amount for a barrel of wti. Guy every little bit helps. Lets talk about that bank of an story. The new governor Andrew Baile ....