for more on this let's bring in conrad who is in our financial correspondent in frankfurt conrad and all this coming at a time when the share price of apple is trading not far from a record high how big a risk is this for investors how vulnerable are financial markets right now well christophe you are right on the very high level that the share markets are trading on right now of course they are sort of vulnerable to setbacks and to profit taking but i can tell you christophe generally speaking. investors still also pretty confident confident that the negative impact the negative economic impact of all this will eventually be limited and short lived and confidence that the governments are doing whatever they can to keep business going or help business to get going again and what you just also reported you know this announcement by the government in beijing to lift terrorists on medical products from the united states that certainly is an indicator for this was certainly not the only company that a company that seeing its supply chains disrupted here which companies from germany are m

but for some more analysis let's bring in our financial correspondent corner of booze and frankfurt conrad the markets seem to be still in the grip of the coronavirus there. absolutely chris the one topic dominating trading floors all over europe is the potential impact the economic impact of the coronavirus how many more sectors might be affected and how strong even very positive economic data from germany does not really lift the mood on the trading floors the latest purchasing managers index for germany is up and even the manufacturing component of this index is on the rise but the market institute which calculates and publishes this index says that the corona virus may pose a threat to future exports so even this index is seen in light of the topic coronavirus and positive data has to be taken with a big well i don't know whether grain is the right word a big chunk of salt i would say the current g 20 finance ministers are meeting over the weekend in the saudi arabia are they likely to decide on anything to address the economic fallout. well the reserve bank chief of japan how do he sa

for more on this let's bring in conrad who is in our financial correspondent in frankfurt conrad so h.s.b.c. is based in london so naturally the 1st question would be is this move rex related . you know kristoff h.s.b.c. is not shutting those thousands of jobs in its investment banking unit because of breaks it but breaks it of course has contributed to uncertainty all over europe and to sluggish economic growth and activity all over europe so indirectly breaks it of course has contributed to the problems that age s.p.c. and but the basic problem is that especially the investment banking units of h.s.b.c. simply have not managed to run this business profitably the same problems applied to deutsche bank here in germany and in retail banking well the problems are the same for the whole sector also branches of age as b. c. has become very profitable especially in france and in the united kingdom so this is a just b. c. then just another example of one player trying to adapt to the changing reality in the financial sector. well yes the technological overhaul of the whole sector is something tha

for more let's bring in our financial correspondent conor bosun and frankfurt conrad how likely is it that the e.u. competition watchdogs will allow this merger to go through. well a few conditions are likely to be imposed on such a merger or a takeover but it's very unlikely that the competition watchdog will completely block it's with siemens you know the producer of the german high speed train the ice train or i.c.e. train alstom trains and trains would have a huge competitor in the market and you know itself is not producing hyper speed trains it's only a supplier in this business which means the situation of a merger of us on trains and bombard the trains is very. different compared to what would have happened if siemens trains and i'll some trains would have been allowed to merge putting 2 similar businesses together usually includes job cuts what can we expect here. well job cuts especially in burlington where. transportation has it's international had headquarters and germany has its german headquarters so of course there are synergies there on the level of you know the headqu

let's bring in our financial correspondent conrad booze and here in frankfurt conrad more bad news for buyer and yet again it's about herbicide. absolutely particularly in particular this is bad news for buyers because by already has to deal with the 1000000000 dollar litigation cases in relation to round up of life you say remember this other herbicides which originally was produced and developed by monsanto an american company taken over by the buyer for $60000000000.00 now to come by this herbicide also originally developed by monsanto to gether with b.s.f. the world's largest chemical producer of course germany's largest chemical firm all this of course makes things for investors much more complicated to try to evaluate the risk that comes along with involved with investing in b a s f or buyer and as a logical consequence this morning both shares here are significantly under pressure cornered it is the start of a new week tell us what is on traders minds. well the german dax our stock index contrary to buy stuff and buyer already has hit another record high this morning and this de

for more on this let's cross over to frankfurt and our financial correspondent conrad who is in colorado what do you make of the timing here so it's about 2 weeks after britain left the european union and now the e.u. is going after u.k. protected tax havens is that just pure coincidence. no it's not a coincidence that the united kingdom has nothing more to say in the group of government leaders of the european union so. something like the cayman islands so it's always been that tax haven is finally also called a tax haven and also we shouldn't forget that in about 2 weeks time boris johnson the prime minister of the united kingdom will come out with his budget he already talked about how this is going to be a very exciting budget of the government leaders of the european union will likely take a very close look of on what's coming out of london there also in light of you know the ongoing negotiations between the e.u. and the united kingdom yes and what are financial experts in frankfurt saying when they look at the u.k. as a whole is there in these polls times. the danger that the u.k.

and over to the frankfurt so exchange for conrad blues and conrad again we're seeing some very bad numbers are we going to see an amazing recovery of sorts sometimes. while at least the traders here are confident that as soon as the coronavirus can be contained there is reason to be upbeat today economic data from germany was updated the purchasing managers for index for the manufacturing sector managed to rise. you know many analysts have predicted another slump of this index so i think it's fair to say without the coronavirus the german economy would continue on its path upwards what about the g 20 finance ministers they're meeting this weekend is there anything they can do to ensure things are kept under control and that we do see some sort of recovery. yes of course they could announce a bold step to give the world economy a boost but the chief of the japanese central bank today said in parliament that this was not the time to discuss whether additional monetary easing was needed this was a meeting for the exchange of information on opinion so i think we shouldn't expect too much from

for some more analysis that's close over to frankfurt and our financial correspondent conrad booze and conrad so the price of gold surging the u.s. dollar also a winner today tell us more. yes you can feel it chris investors are nervous searching for investments which are considered safe and currency traders in particular at the moment are very busy because with the global reserve currency something is happening that at the beginning of this year very few strategist has strategists had reckoned with you know after this china usa deal this phase one deal the scenario was that for sure the dollar would go weaker because asian economies would benefit from this deal immediately but now the contrary is happening the japanese yen is falling because of fear of recession in the country think euro is falling as well which has a lot to do with germany's strong dependency on business with china. the government in beijing has changed the rules of how to count the coronavirus cases what are we to make of that. well it's not really helpful you know this is in about a week the 2nd time that the gover

engineering sectors for some more analysis let's bring in our financial correspondent conrad booze and frankfurt conradt a negative outlook for german manufactures who are incredibly important to the german economy what are people in germany's financial hub making of it and of the phase one trade deal in particular they're seeing it as a mixed blessing chris let's not forget how at the end of last year everyone was so happy to see the americans and the chinese finally producing some constructive results which seems to have at least halted the spiral of escalation in this trade war between the americans and the chinese but now that the numbers are out of course businesses here in germany of course financial people are taking a closer look and they are seeing that somebody is paying a price for this peace deal and among those paying this price are german businesses is the german economy nakano what this all is a projection so far but should it become reality what can policymakers do striking their own trade deal with the united states i would suspect. absolutely right and they're already doing it

frankfurt is another hub for chinese tourists let's pull in our financial guy conrad said is this a blip for the global tourists or will it be something bigger you reckon. if this is a blip and it's got to be a costly one many people here in europe are not as cool about the risk as the swiss guy we just saw in this news report i found a number from italy the country reckons that this year it will have $5000000000.00 euros less income due to tourists not travelling to italy because of the coronavirus italy is the favorite travel destination for chinese tourists here in europe but also frankfurt its shopping district is very popular of chinese tourists and frankfurt is already feeling the pinch and not only this german trade fairs report a lot of cancellations by german companies they do not want to take part in trade fairs because of the risk of contagion but also because of the risk that clients from asia simply will stay away and as a result sorts of being quite volatile especially for the travel industry lines but all in all global shares do keep nudging up to new heights. that's true

well for more let's cross over to the frankfurt stock exchange and correspondent conrad bosun a comrade good and bad news there for us which is more relevant here. well of course the job cuts are not good news for you but they have been in the making for quite a while already or they have been talked about for quite a while so what's definitely the more important piece of news today is the potential ending to those subsidies for boeing even if us probably you would have preferred you know an official fine for the united states in this w t o process because of those subsidies that the u.s. paid to boeing this is now or this would have established you know that not only the europeans did something wrong by paying subsidies to add us but still even if this will not be an official thing and an official fine for the us what's important is that this competitive edge that the americans have in the market will soon be over and that's what's important for us really we're not boeing on the other hand continues to be in deep trouble any silver lining there on the horizon for the plane maker. thoug