1. 30. Immunereally, it seems, in the pound crosses to the brexit headlines. You get a little bit of movement, but not very much on the headlines being generated out of brussels. Crude down 0. 6 . A cautious outlook coming from opec . The virus story front and center. Alix virus cases. Leaders virus cases surging across europe. Leaders weighing options. Italian Prime Minister Giuseppe Conte is holding a press conference right now, saying they cannot take the same measures as in the first wave of the virus. Joining us with more from roane bloombergs is alessandro. Ndro the milan area has requested a curfew from 11 00 p. M. To 5 00 a. M. To stop the activity, to stop people mingling together and going out for a drink in the evening. This is not enough to stop the spread of the virus. We had almost around 10,000 cases per day daily, below the european average, but still higher than what we have seen just a few weeks ago. We are expecting new numbers for today any minute now. Guy when you
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
Is time to double down on this red hot sector what it is and why the charts have it feeling so bullish. The feds stress test results are out. The fed is requiring large banks to limit dividends and buybacks after analyzing their resiliency during the pandemic the fed said that for the Third Quarter it is suspending the firms share repurchases, capping dividends and allowing them to proceed based on a formula derived from recent income the largest banks had already ended buybacks through the end of the Second Quarter but this actually takes it a step further. The fed will reassess those plans on a quarterly basis for the first time in ten years of stress testing, banks are required to resubmit their capital plans later this year to reflect the current environment. The vice chair notes there is material uncertainty about the trajectory for the economic recovery and its impact on banking organizations. Not all governors agreed to let the banks continue layouts even if theyre limited one g
The likes of which they have not seen since 1933, in the midst of a downturn for the month, the likes of which we have not seen since 2008 here we find ourselves this morning looking at a market that will open lower. Your thoughts . You go up 19. 9 in the s p, you can have two thoughts. One is that was the greatest bull market ever the other is, boy, is this market dysfunctional were not moving the way we should theres very little volume yesterday the machines took the dow up 500 points in the last 20 minutes. Im keying on oil. I think oil is something that the algorithms are keying in i wish there wasnt algorithmic trading, but its here to stay the quants are in charge you know, lets bring back the smith corona typewriter. The quants are in charge, they took it up and now theyll cashier the market and cash it in lets come back to oil for a second it does get lost sometimes in all of the volatility were seeing and our focus on the economic crisis, on the Health Crisis, on the equity ma
Yes bank has a high level of bad loans and not enough capital to cover the losses putting the bank at risk of default thats why the central bank decided to place yes bank under a moratorium and is now working on a merger or takeover naturally a market based. Solutions of the problem a bank. Of the problem is a profitable we have said that in opera statement yesterday also so naturally you have to give time to the bank to the management to you know take whatever steps. Need to take. Because of the uncertain future shares of yes bank plunged more than 70 percent during trading hours wiping out around 1000000000. 00 euros of market value in a single day its the biggest fall ever of an indian blue chip stock. Yes or no bank lets go to both kind of rally krishnan who joins us from delhi for the new side scroll rohan could you tell us whether or not depositors should be panicking right now. Broadly speaking that both of our fine yesterday had so theres a bank of india which is the banking re