Cash trade. Here are your top headlines from the bloomberg terminal. Trumpa on the defensive. The president stands by his handling of the coronavirus on day one of the Republican National convention. Says democrats are still blaming America First Nikki Haley Says democrats are still blaming America First. The chinese arrives in europe today. Demandsla merkel answers from russia after it was putin critict the was likely poisoned. We have figures crossing the wire right now. The German Economy shrank 9. 7 in the second quarter. The initial estimate was for a drop of 10 point 1 . This is a second look here, and so it looks like it is a little better than expected. Still, of course, a massive drop , the quarter over quarter figure. The yearoveryear figure is a drop of 11. 3 , so a big drop in the german gdp. That the bloomberg economists expect a rebound in the second half, and of fullyear drop of about 6 for 2020. Lets take a look at what futures are telling us after the new record highs
From texas, as it comes out, we have seen things turning around. The equity markets on both sides of the atlantic under pressure, the s p down by 1. 85 . European equities are up much more, and as you can see, you have a decent move coming through in the bond market as well. At 6000 isearlier now retreating as well. We are going to talk about what is happening with its implications on the u. S. Economy and elsewhere. Coming up later in the hour, we are going to be joined by the Rockefeller Foundation president , dr. Reggie of shah dr. Rajeevof shot shaw. He has a pretty good idea of what happened in terms of the spread of these kinds of viruses and how to deal with his take on what we are seeing in texas and elsewhere. Alex, lets get a sense of how the markets are responding and what is going on here. ,e are joined by bilal hafeez so talk to me a little bit about what is happening here. That iseeing a market becoming increasingly nervous about this virus. The case count is going up. Ho
In the sessionus that we had in november that he was going to try to start the trial on the second charge in september 2020. I was very happy. I said finally, we will see the end of the tunnel. We are talking about 2020. December,me on 26 when we had the pretrial, and prosecutorraid the cannot afford to have two trials at the same time. Too much work. So what did they say . They say i cannot promise the second trial in september. I am not going to commit, but certainly not before 2021. Postpone, postpone, postpone. It is always the prosecutor who prevails. This is number one. Number two is i want to see my wife. My wife. Want to see maybe for a lot of people, it would have been a lot of punishment not to see their wife it would have been not a punishment not to see their wife, but for me it was. They knew i love carol, and she is a pillar for me. Had knew this because they all the correspondence. They had the email. They were not supposed to have the email. They were not supposed to ha
Ahead of testimony. Will he provide a clue as to the Central Banks path after july . Forecasts net inflows in the first half despite an overall loss of 14 million francs. Scherzer called hire at the start of european trading. U. K. Mps backup plan to prevent a no deal brexit but Gordon Johnson refuses to rule out suspending parliament in a debate with jeremy hunt. Welcome to the European Market open. Session inkluster the asian markets, range bound on many markets waiting for Jerome Powell. It looks like we will be range bound at the start of the trading day in europe. Here came futures pointing flat with a slight downward bias. A few interesting corporate stories and global stories that might be expressed through european equities. This is the gmm function on the bloomberg on the asian session. It flags any outsized moves based on standard deviations. Weve got some markets to the upside in asia but the overall move in the asian market is pretty balanced. In a Holding Pattern in Global
The fed kicks off a swathe of Central Bank Rate decisions. Will the dots deliver a more hawkish message . Delivers. Day of trading. We will take you live to the uae for an update. Matt as you alluded to, we may see a delay in the open, we will see a delay in frankfurt. The trading system has been disrupted because of technical problems. X is experiencing serious issues. Delay, aoking at a likely delay. We do not know how long it will take or if it affects all assets that we will see delays on the sessions eurex trading. Lets take a look at where the futures are pointing us. You can see that the ftse futures are virtually unchanged at the moment. You will see in a moment rates look the same. Down. 1 of 1 . Take a look at the treasuries. 2. 3976 field. It has moved sideways since the close of trade yesterday. This is a three day look at the treasury yields. Not getting a lot of direction from there either. I absolutely. It could affect other markets. Austria could be affected. I am told