a lot of the focus is on oil, a lot of the focus on what we heard from bp. let s get a data check. european stocks really fluctuating, failing to carry forward the momentum that we saw. yesterday, we had a technology fueled rally, which got support from positive economic data and potential further stimulus. today, things seem to be going a bit sideways. treasuries maintaining some of the losses. you can see european stocks down some 0.5%. let s get straight to the bloomberg first word news. tiktok has to sell its u.s. arm by september 15 or close. that is according to president donald trump. he says he does not care who buys it, microsoft or another firm, as long as it is a big, secure american company. the president also says any sale would have to include a substantial payment to the u.s. government. victoria imposing a fine for anyone who violates isolation rules. fines could be around 3.5 thousand u.s. dollars. repeat offenders may see a penalty of around four times as
i m francine lacqua in london. these are your markets. 0.4%.an markets down a lot of the market put a position that the economy and a lot of the earnings would go through the coronavirus. not so after the apple news yesterday. there is more concern about the deadly coronavirus trade looking at treasuries, they are rising. americans reopening after a holiday. yesterday was president s day. jumping as much as 24% after unsuccessful bid for the small arrival. this may be the kickoff of banking consolidation in italy and then further into europe. coming up on bloomberg surveillance, our exclusive conversation with the hsbc financial officer on the banks job cuts. first word news. viviana: hsbc is set to slash 80% of its workforce. the lender taking more than $7 billion of charges and suspending buybacks as part of a restructuring plan. plans to exit some businesses and cut costs. hsbc still hunting for a permanent chief executive. we also spoke to the lender cfo about the coronav
opec and the allies will maintain output cuts this year russia s output minister tells cnbc they will continue to work together. we are supportive of continuing our cooperation with our colleagues from other countries from opec and non-opec nations but this continuation could depend on various aspects. and ryanair drags stocks lower. they posted their worst annual profit in four years as brexit and boeing s grouped 737 max cree aid headwinds. markets at the moment are tough. prices are a bit soggy after the summer and we talked about oil there in a very good position. the business is in good shape for pricing itself i would anticipate the pricing would remain soft. well, good morning and a very warm welcome to street signs. let s get into our top story of the morning. that is around huawei and the black listing of that company in the last week. i want to take you to european chip makers and highlight the trading we re seeing this morning. google parent company alphabet
the branch in estonia. and colombia s central bank governor tells cnbc he is watching developments in the fx market closely so far there have been good and bad countries the area. and italian banks open higher as yields come off three-month highs. the economy minister reportedly called on ruling mps to keep next year s budget deficit below 2% of gdp. all right. good morning welcome to street signs. we re about an hour into the trading session. to be honest we had a slightly firmer session for asian equities overnight led by china. a bit of a rebound there nikkei was down a smidge there has not been given a lot of attention, but noteworthy for the central bank watchers out there. the bank of japan slightly cut its monthly purchases in the three-year and five-year maturities little tweaks going on there people focused on fixed income have pointed that out. stoxx 600 is slightly up let s get into some of the individual indices and see what the picture is like. ftse 100
impact investor sentiment? .he market is about to open and an arm and a leg. japan s softbank pays $32 billion for arm holdings. is this a big bet on the internet of things and or an opportunity for currency trade? we will discuss that. not 29 minutes away from the european equity market open. looks like we are going to see a reasonably positive start today. over to the bloomberg and the wei. the fair value calculation tells us we will probably be of 3.5%. a big premium being paid for arm holdings. phenomenal move. we will dig into that m&a. assete see m&a across classes? the pound is so much cheaper, particularly when you compare it to the end. the lira rebounding today. the dollar is lower versus the turkish lira. breaking news that turkish stocks have opened and they have fallen. turkish airlines, the tourist industry being particularly hit. u.s. futures up .3%. money coming out of the yen. no need for that haven and no need for gold, either, it would seem. part k avers