Unit in a sweeping overhaul. Its a big day for Bank Earnings. We speak to talk executives. Welcome to daybreak europe. Lets get to Bank Earnings. Deutsche banks red headline. Saying they are on track to meet all targets. Lets get to the numbers coming through. The Second Quarter fic trading revenue comes in at 2. 0 5 billion euros. The estimate was 1. 81 billion euros. Upbeat on the Second Quarter f site a beat on the Second Quarter fic. In terms of pretax profit for the Second Quarter, that comes in at 158 Million Euros. Thats a surprise pretax profit for the Second Quarter. The estimate was for a loss of 133 Million Euros. Thats what we are looking at in terms of secondquarter net revenue. That comes in better than expected. The estimate was 5. 94 billion euros. A lot of lines coming through here. 2020 revenue essentially flat. Cet1 reaffirming its 2022 leverage ratio and return on tangible targets. In terms of Second Quarter Net Interest Income, that comes at 3. 0 9 billion euros. E
And we expect a normalization of that. But you need to remember as well that in our case, we have been working to stabilize, grow the franchise, recover some market share, so what we are pleased to see is that underneath that sort of outperformance in the market environment that we have been in, we have seen really good franchise stabilization traction , client engagement, improvement in clients. We think that bodes well for the future. You are expecting slightly higher revenue for the full year. Not too conservative now given what we have seen in the first half . It it would be james would be a normalization but i think an improvement on last years second half. Again, especially in our businesses, where a year ago, we were going through a restructuring and there was some uncertainty around our people and franchise, so with that now behind us, we see momentum in the core business, and we would like to see a secondhalf performance well ahead of last years second half, but we will see ho
Trying to bounce back after all of the major indices in the green. The dow struggling most of all just popped into positive territory moments ago. The s p trying to stay above morgan thats right i will note that were on pace for gains for the week including the nasdaq that is currently poised for a 4. 8 gain they pointed out this morning that the Broader Market it means this critical juncture right now and that given the big swings in both directions that we have seen in the s p and the Broader Market in the past two weeks leaves us right at the same level that we were at two weeks ago. There istechnical levels to keep an eye on early june highs, whether or not we break above that or on the flip side, the 200 day moving average, but i think the bottom line is that there continues to be a lot of uncertainty and a lot of headlines driving Investor Sentiment right now in terms of the marks, the tech piece of the markets, the nasdaq continuing a fourday win streak right now. Joining us is
That. What is really important, moving from the United Kingdom to the United States, presumed to be august into september. I noticed the music use for bloomberg surveillance, you start talking, and the market flips from red to green. But the backdrop of this, and this goes to the stimulus impulse we are seeing right now, is gold doesnt go up. To 1814. S today up jonathan the reopening rotation has stalled. The steepness in the yield curve coming into june has faded. A little bit of nervousness starting to build in the last several weeks, the past month. Lisa we are seeing that in the mobility data, the soft data that people are increasingly looking at to gauge Economic Activity in the United States. This is leading to some skittishness around oil in particular. Coming up, i am very curious to see what we see in terms of crude Oil Inventories in the u. S. At 10 30. 1 00 p. M. , u. S. 10 year notes getting auctioned off, 29 billion. This follows a three year auction yesterday with a yiel
What else is going on here . We also have lines coming through from carrie lam saying they will not be appointing judges to individual cases with regard to the National Security legislation. She had said earlier it would not be retrospective. Elsewhere, lets have a look at some of the other markets. The shanghai comp, for 10th of 1 . 4 10 of 1 . The kospi, much higher. We were up about 1. 67 before the headlines. The aussie market, erasing all of the gains and the red before came back. The singapore market does language seven tents below the gain line. A quick look at currencies. The dollar index was actually moving to the downside. The first time in six days. That has turned around now. The dollar index itself is marginally high. This is giving up some of its gains. Yen just below 107. Terling up approaching the 1. 25 level. The aussie has been appreciating. It is on the verge of testing the 70 u. S. Sent level. Confidence in the euro area improving marginally. Still down 14. 7. Bette