600 billion euros and extending it out until at least june, 2021. Speaking at a virtual news the president weighed in on the balance of risks and where they are right now. The extent of the recovery will depend crucially on the duration and the effectiveness of the containment measures. The success of policies to mitigate the adverse impact on incomes and employment, and the extent to which supply diversity and domestic demand are permanently affected. Council the governing sees the balance of risks around the baseline projection through the downside. To the downside. What weve also seen moving to , a big move in the italian twoyear. We still seen the euro oscillating around, spiking higher than fading back. Tortoise and of munich. Andrew, thanks very much indeed for being with us today. A huge move at the front end of the italian yield curve. More to come, do you think . Move,ve seen a big todays move takes us back to where we were in midmarch, so almost recovering the whole covid blo
London. Manus a little bit of breaking news. We have assets under management at the end of october, 393 billion swiss francs. Number, the fight for new funds. Its not just about new funds, its about the profitability of those funds and putting them to work. Thats the headline number coming through from julius berg. 393 billion swiss francs. Thats the top line, and we have a little bit more that we will bring to you. Angela merkel, who would have thought the stalwart of europe cannot get a coalition together . Eurodollar, euroyen, swissie. Anna does that lead to more talks . Perhaps. A minority government, new elections . The euro is the key message. Manus the question is this. Do you look into the eye of the storm and say she will pull it back . There will be a rapprochement . What we have is a reflection. These are the risk reversals. He were trading higher, quite a bullish sentiment on friday. The most bullish since 2009. The risk reversal, trading back at levels we havent seasons oc