The who reports the most infections for a single day. Global stocks trade lower as u. S. Futures swing from gains to losses. Bloomberg learns the german lender could cut up to 7000 jobs and shutter 400 branches after its current costcutting measures were called in abject failer failure. And starbucks, pepsico, and biaggi out are the latest pump needs to curtail ad spending on facebook. Pressure on the company to crack down on hate speech shows no signs of slowing down. Just under one hour away from the start of cash equity trading in europe and the u. K. Futures red across the board. In europe we are looking at 1 plus losses. Germany. Much here in euro stock futures down about. 75 . U. S. Futures swinging from gains to losses. Now we are looking at about a. 25 drop for the s p. Nasdaq futures down about. 5 . What are you seeing on the gmm . Anna in conjunction with european futures, they. 4 a point forening they a weaker open. Chinese equities looking relatively resilient. Japanese nik
In london, Boris Johnsons plans to suspend parliament stoked no deal fears. Manus warm welcome to the show. There is only one thing that really drives the bond market, and that is trade and trade angst. If you look at the balance of scales of justice, in the past 24 hours, it comes down to mnuchin trying to steepen the curve and navarro keeping it real. There is not going to be anything likely quickly on trade , therefore we are flat. Nejra you certainly feel that pressure on the yield, hitting a record low. That is something that has caught our attention today, and i know its what you kicked off your data check with as well. Manus indeed. It is the white house really trying to have a go at controlling the yield curve . Thats what we need to ask. The 30 yield bond curve has spiked on the back of mnuchin talking about 100 year paper. The bottom line for the market as the tradings prevails, looking at dollar yuan, is anybody listening . Thats what we need to ask about dollar yuan. Yester
Equities, we are under 30 until the end of the session with stocks of falling today after rising to highs we have not seen since december, 2015. Declineseing all these for the swedish this the swiss franc and sovereign bonds are falling. The french twoyear is down by four basis points. The two year yield in germany is falling to a record low today, climbing for a fourth day is the bond yield which is at a record points. Investors are seeking refuge in the safest area of the bond curve amid growing concern about the outcome of the french president ial election. The yield spread between french securities and similar data treasuries is now the whitest in 17 years the widest in 17 years. Its narrowing the gap. Beirut has held a news conference. There were fears if he ran again that he might take votes from the centrist. Throws a campaign that surprise every single day it seems. The german steelmaker agreed to sell its brazilian steel plant t underum, joining a line one of its worst investm