The german lender taps Deutsche Banks retail head, manfred, for the top job, ending months of management turmoil. Shares and hsbc jumped the most in over a decade as its biggest shareholder, ping an, raises its stake to 8 . And buckle up, brexiteers. The e. U. And the u. K. Enter the final round of formal brexit talks this week as britains conservative Government Faces another Party Rebellion at home over emergency covid19 powers. Just under one hour away now from the start of cash trading throughout europe, and in the u. K. Take a look at futures. We see more than 1 gains across the European Equity indexes. European equity Index Futures contracts that are trading, gaining more than 1 with euro stoxx 50 futures up one point 1. 6 right now. Trading higher, up more than. 5 on the nasdaq contract right now. S p and down jones futures or jones futures trading. 7 . 8 . Anna you try and catch up with gains in the United States on friday. I want to mention what is going on. The real focus on
The u. K. Considers new curves in london. The rda prepares to meet with melbourne again in lockdown. Pam braces for more economic gloom with First Quarter growth data. We are expecting a steeper downward revision. Lets get a check of where mark were markets are setting up. Here Sophie Kamaruddin in hong kong. Here is Sophie Kamaruddin in hong kong. Sophie a cautious start to the month of august after asian stocks have a fourth monthly gain. We are seeing sp Futures Holding steady and looking like a soft start to this trading week. Gold futures testing 2000, bouillon extending its rise after the best month in four years while u. S. Real yields lingered near record lows. Money managers are shifting gears a touch, decreasing the bullish gold bets to a six week low at the end of july. In the forex space, looking steady with offshore yuan staying below seven. We have the aussie dollar easing its earlier drop as investors assess the lockdown in victoria state. With a earning stock, we have t
Grubhub jumps on the news of a take away by huber. They will diversify by uber. They are trying to diversify from simple shery car journeys. ,utures are under pressure extending losses from the regular session. It was a risk off a day, the dollar tumbled, treasuries rose. We had dr. Fauci reiterating his warning against reopening the economy too soon. We had real estate financials weighing on the s p 500 and it lost the losses are accelerating after trading. Some people saying the Virus Outbreak and partial shutdowns would risk massive bankruptcies which could create a lasting scar on the u. S. Economy. We have cpi numbers in the u. S. That fell the most on record in april. One. 4 ,il, wti down above 25 a barrel level, after touching the highest level in five weeks. We are seeing optimism in the oil markets with uptick on demand and saudi arabias plans to cut production by an additional one Million Barrels a day. As i was saying, the top u. S. Disease official warning against states re
Aviation. He said the coronavirus has changed the Airline Industry forever. We are getting breaking news across the bloomberg. We have westpac earnings and details with regard to the dividend policy. The first half including special, 2. 2 billion australian, net margin with regard to that decision on the interim dividend, differing a decision to be made deferr ing a decision to be made, looking at the impact of the coronavirus slowdown and the credit loss provisions as well. They will move smaller scale businesses into divisions so it looks like restructuring effort. The cash profit, 933 million. The decision to defer the policy. Looking at u. S. Futures dropping in the asian trade. Shery adding to declines we saw friday, on the back of abysmal economic data, not to mention profits earnings from u. S. Companies. Futures are falling more than 1 . Sincet saw the best month 1987. When it came to world stocks, it was a rally of 10 for the month of april. Oil declines, probably more than 3
It is a bit of a selfless plug. A look at this chart that we have right here for you you the decisionmaking structure in china and how quickly the top line decisions are made and make their way down and permeate into Global Financial markets. If you do understand that this group coming out later in the mostay be offered Important Group of people for the Global Economy. Mye in point of this was morning peas from Bloomberg Markets Forward Guidance is this taking out of excess capacity in places like steel, it has been a real priority. We are in a situation where Producer Prices are trading up a lot positive data whether g10 or gv tv 15 72, follow that chart. A lot of good fives recently coming is at that china is trying to rebalance a lot of the imbalances and it is stage run. This is another version of the chart. What are we looking at it . The dow jones overnight, it is over bought but a lot of earnings in the form of caterpillar. , putting that together with ppi and those are closely