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Powell today. The u. K. Begins its low reopening as the business secretary says employers have a duty to keep staff safe. We will get a glimpse at the economic fallout from coronavirus in firstquarter gdp figures. More earnings coming in across the bloomberg. Taking a provision in this quarter of 326 Million Euros. Ae market penciled in loanloss provision of 286 million. Over a billion euros in loan losses. Nowhere near what you see with the spanish or italians. Theres an operating loss at the bank of 277 million. They penciled in 159. 9 Million Euros of a loss on the quarter. Thats the state of play with commerzbank. We will keep a track on that. We are tracking the losses across the map. What do you have from abm abn . Nejra 1. 11 billion euro. The estimate was 656. 2 Million Euros. Thats a bigger fourthquarter loanloss p ....
225 pulling back after the rally we saw last week. Infections in tokyo hit a daily record on friday. The sti, keeping a watch on banks right now. Dbs said to be among which filed for protection. Flipping the page, the bloomberg dollar index. It does look like investors are looking for havens. New york crude down by 13 . Gold lower as well. We have President Trump upping the ante, suggesting china may have deliberately caused the coronavirus pandemic, saying there will be consequences if the country is known found to be knowingly responsible. Beijing saying the u. S. Is trying to shirk its responsibilities. Another move to ratchet up tension between the two nations and the handling of this pathogen. Tom absolutely. Every markable uturn from the u. S. President. He was praising china handling the coronavirus crisis. Trump see me to suggest the chinese seeming to suggest the chinese may have released theycoronavirus, saying if are k ....
Measured by the pboc. Rate cut by 10. All helping to cushion the Economic Impact of the virus. Down almost 1 . Bucking the trend. But stake a look at where we are in terms of asian stocks. They say this is not a reflection. Rishaad 15 down for new york crude. Nevertheless, we have seen that severe weakness. Gold not much of a haven. Lets have a look at what we can expect from indian markets. The rupee strengthening by 6 10 of 1 . Haslinda the r. B. I. Laying the ground for more rate cuts. President trump has suggested china may have deliberately caused the pandemic. China hit back, accusing washington of trying to shirk responsibility of its own failures. Another ratcheting up of tension over the handling of the virus. That is right. To accuse china of deliberately starting the coronavirus is remarkable. Many would describe as a borderline conspiracy theory. The in the views of minority of people. Now he is saying that maybe chin ....
Today. We are seeing crude fall 13 when it comes to w. T. E and the phillipines, that is one of the weaker side. But when it comes to the june ontracts, down 4 to 19 bucks. Look at what it comes to w. G. E . We are hovering around the 11 mark when it comes to new york crude, down 13. 6 . We mentioned about the United States oil fund, the largest oil fund in the world selling off e and ingsings in w. G. Unexpected move. Lets get more analysis with jp morgan asia yeah strategist. Is this starting to hurt the equity market . I think the moves that we are seeing in the oil complex is very, very specific. And looking across massive impacts doesnt i think the easiest thing to see the forward looking long data futures on Oil Prices Remains rather stable and it is not assuring. And the weakness we are seeing the new york futures is specific to the supply and storage they are seein ....
Stockpiles. Chargecords its biggest for bad debt. The ceo joins us on the show and we will hear from upss ceo as its loanloss provisions rocket. Manus we will talk to sergio what isshortly, but interesting, loanloss provisions are not necessarily the biggest single item in his numbers. He spoke to us a couple of weeks ago. Hise are the numbers for bank, 1. 6 billion in terms of profitability. That is the best quarter in nearly two years. Better than what they had preannounced, but when it comes to loan losses, he talked about 268 million. He says pressure on income streams, but he says they have exposure of high quality versus hsbc, 3 billion in terms of loan provisions they are making, 25 billion for the u. S. Banks all the way around and santander, a provision of 3. 9 billion euros. Provisions are not the story within Sergio Ermottis graph. It is about what is happening with elevated client activity. They are seeing lowered acti ....