First of all, i will show you what has been going on with oil. This is the story. What does this signal about the Global Economy . We down stopped the level, but are very close to it. The sense of the market is, this is a done deal. This was a meeting that took place before the last payroll data. It seems to secure the idea in the market that we are pretty much there for with the december hike. Not much of a move in the qs in the u. S. We will talk about the spread in germany. We will speak to jim mccarthy has the Company Releases its latest earnings. Will talk to the cfo. What is happening with china. What is going on with the german economy. S there a fallout story minutes from the october meeting. That showed a rate hike would be considered at the next meeting. We break down the unusually direct signal from washington. Minutes confirm the market that fed officials will be have to talked out of a december move, rather than talked into it. The minutes show they wanted to send a signal
He was going to have to do something. Quite a uturn. A lot of internal politics going on within the asc. Lets did you uptodate with everything you need to know. Here is caroline hyde. Caroline the rbs achieve a of saying the restructuring of the bank is going well advanced. Returning to profit within four years. Hes coutu manus cranny and an exclusive interview. Quest the work in the work in the bank will be done by the end of this year. The restructuring of the front end will pretty much be done right end of this year. Which is a very, very good outcome. Caroline there has been a rant rebound after jacob zuma named his second finance minister in four days. The man who is the held the post between 2009 and 2014. Francis fars right frances far right failed to win any national assemblies. Hollande performed better than predicted. Back to you guys. Friday a guy shocker for global equities. What are we doing . A bit a little bit of a bounceback. A failed value calculation thats a fair valu
Lets put it in perspective, betty, even if we finish around these levels, we are coming up at 6. 7 losses last week, the biggest in four years. Somee are seeing fluttering of gains across the european markets. Emember the dax fell all those fell he most since august. The dax, as i said, the fifth worst performing stock. Erformance in the world as i speak, betty, the dax turns lower. And the volatility index, it since 37 , the most april. It is not as good as it was earlier, but little changed. Quite a difference to what happened last week. Betty its interesting how your narrative changed in the last halfhour. Mark im blaming you. Betty and i am blaming you, mark. Ok, we had the South African rand, the president , jacob zuma, coming out, really complaining the market should not have move reacted to his move. When he got rid of two finance ministers in the space of two days. 2. 3 . T that, up it is at a record low. Mcquarrie bank says a combination of stocks and margin calls caused mass
To what is happening in japan in terms of its central bank. Stocks pushed a little bit lower as the inflation forecast was cut from 1 . Still so far from that 2 target. Very difficult for kuroda to achieve. Tumbling oil prices not helping. We are seeing a bit of a move in terms of stimulus. Were not seeing added similars which is why it is trading lower. Shanghai composite. Look at that. Of almost 5 , rebounding from that up almost 5 , rebounding from that sudden slump on monday. Coming down on brokerages who are letting unqualified investors to get in on the chinese action. We are seeing a recovery. Shanghai trading higher. Gold trading higher today. Anticipation the ecb will move. Lets look at oil. We were just talking about it. It bit of a rebound, of 1. 2 . Lets have a look at hp billiton. It is also one of the biggest investors in u. S. Shale. Shell has been driving down power prices. It will be cutting the number of rakes out in the u. S. By 40 . We are seeing that retraction in
But chinese manufacturing numbers, price contraction more than expected. It is not going to actually help sentiment this morning. When it is good, no one believes. When it is bad, people really believe. We will have to see whether there is a read across into commodities. We also have gdp from spain pretty much as expected. Gaining 0. 3 in the fourth quarter. Staying on corporate news, hans, youre talking tech. A big deal for to lenovo and google. Normally when we talk about cool, we talk acquisitions. Today we are talking sales. They have sold or plan to sell their motorola handset unit to lenovo. We will look at both sides of the deal, who got what and what it means for both Companies Moving forward. Thank you so much. We will have plenty more throughout the program. Caroline, we have figures from shell and ericsson, roche and h m. Keep an eye on h m. This is a company that has been hit by foreign currency weakness in emerging markets. Profit missed analyst estimates. They did rise sl