Im francine lacqua. Getting some figures. Of pay. The month the german Business Confidence at 107. 7. Inwill speak to the man charge of this report later on. That is better than economists expected. Ifo confidence is at 107. 7. The median estimate was 106. 8. The Current Conditions also a little bit better than expected. To show apecting ifo little bit of weakness, maybe a little uncertainty regarding growth, regarding deflation. Those figures coming in better than expected. Do notllar, these things tend to have that much of an impact but when we look at Uncertain Times and what mario draghi may or may not do, it may. 111. 44. Stay with the pulse. In half an hour we speak to the president of the ifo institute. Lets check the markets. This is a picture for worldwide markets. Global stocks rallying with some of these emergingmarket currencies. I want to show you yuan and the 10year greek bond. We have an agreement, not on debt relief, but the european governments will disperse some money
prevails. And when push comes to shove people realize there would be an enormous damage, to both europe and Great Britain, should britain walk away. A warm welcome to countdown. I am an edward. Just past 6 00 in london. Manus will be joining us from dubai. Let us talk about what is happening in oil and stocks, a chart next to me that really encapsulates the relationship between these two asset classes, if you go back to the middle of last year. They have moved very much in synchrony. And of the oil price tending to move in lockstep, or least in the same step. Oil prices over 50 a barrel or the first time in six months. A oneweeks hitting high. But i should say that old has actually snapped its sixday losing streak. Not all good in the overnight trading environment. Lets talk about the risk radar. We have to feature the price of oil because we have gone on the brent price over 60, up high 7 10 of a percent. Theda, venezuela, nigeria disruption playing in here, as well as the drop we saw
I im in edwards. Manus and im manus cranny. Anna this looks to be a touch above estimates at the ebit level. The Second Quarter netted 312 million euros. This is a company we have to talk to about brexit. This is a business that operates in the u. K. What will they have to sell . They have said they will continue to invest in the u. K. In the immediate aftermath of the brexit vote. Two of their competitors merged in the u. S. Recently. We will be speaking with the asset manager at 7 15 u. K. Time. Manus the swissbased drugmaker netted 5 billion, just ahead of the estimate of 12. 2 billion. Sales will be broadly in line with the prior years. They are driving unchanged for the rest of the year. The core earnings came in at 23 billion. They have a huge amount of generic competition coming through. You can see Second Quarter sales beat on the headline earnings. The guidance is broadly in line with last year. They delivered a solid Second Quarter, despite the risk on aspect. This is one of
Boris johnson, the honeymoon is over. He had to speak and act on turkey over the weekend. That is right. Speaking about where the eu goes from here. Is turkeyestion is, investable right now . That is the question people are asking in london. Story. This is a moving with an update, here is taylor reeves. Demanding they turnover inspiredr billy say the coup. They want the u. S. To extradite a man who lives in exile in pennsylvania. Rouge, louisiana, Authorities Say the man who killed three Police Officers was a former u. S. Marine angry with the weight that people are being traded. The shooting broke out after please got a call about an armed man. Please shot and killed the armed gunmen. Release shot and killed the armed gun man. Talk, for paris acquaintances are detained of the man who ran down the people on the sidewalk. Attack took place after basile dave. Into a powerful player in repost brexit world. In the first appearance in parliament, maple argued about the nuclear system. She w
Goes. The european markets you ask, how did they fare . Lets take a quick look here. Theyre all in the red, though. Not too bad. As for the tenyear note yield and crude oil, the tenyear note inching up from yesterday and crude below 50 just hanging in there, wti down a little more than 1 . Lets get to our road map this morning. The ecb leaving Interest Rates unchanged and were live in vienna as opec leaders are set for a big meeting on production levels and teslas musk saying we could see an apple car by the end of the decade. Mario draghi holding a meeting now. He said he sees inflation likely to remain low or negative and sees the European Economic recovery proceeding at a moderate but steady pace. Nothing too surprising here, jim. Some are awaiting details on their ability to buy Corporate Bonds kicks in. Perhaps details will be shared there on what the plans are there, if any. Oil prices having moved up, the euro having moved lower seen as a positive but theyre still not really get