The pound is trading up i about 0. 2 . Ultimately what the extra supply is going to do to the shape of the curve, but certainly, this is what many people have been anticipating would be delivered. Italy also announcing it is going to increase its fiscal stimulus to help the economy out , an economy that continues to remain largely in lockdown, along with the population. Lets get more on how Insurance Companies are dealing with what we are seeing at the moment. The u. K. s prudential is a Health Insurer and asset manager as well. Joining us now is mike wells, ceo of prudential plc. Good afternoon. How is the company being affected by what is happening . Todaywe Just Announced 2019 results, were you had a number of convergences occur. Earnings were up 20 . The majority of our markets in x hong kong come very strong and resilient. It is an indication of what youre seeing now, which is market by market, we still see doubledigit growth in Southeast Asian markets, and as we are sitting here
Surveillance. I am Francine Lacqua in london. Here are your markets, you can see the stocks europe 600 is down. But nothing like some of the anxiousness we saw over the last couple of days. There is definitely a deescalation, so in certain parts of the world, there is relief in the markets. Im looking at eurodollar 1. 180. If you are looking at the yen, it is also a little bit off the anxiousness we see out there. This is the picture for the u. S. Yield, one of the main metrics we have been following closely. Look at the 30 year yield over the rest of the day. Coming up, a conversation with mike wells, chief executive of prudential. Lets get straight to a to bloomberg first word news. We begin with the German Economy, shrinking in the Second Quarter, piling pressure on Angela Merkel. Economyht, she said the was going through a difficult phase. From the previous three months, output fell and exports slumped as the trade war hit manufacturers. The italian Prime Minister has been called t