After the auto parts supplier warns of profits and free cash flow. Mario draghi defends his easing Monetary Policy as he warns about the risk of unwinding these policies too soon the ecba president will speak in a few moments time from sintra well bring you that speech live heres the latest on the heat map across europe a lot of red on the board. The latest in Bank Consolidation is that bankia is buying banco mare nostrum bankia plans to raise capital to fund the deal. A lot of red there except for bankia Banco Popular at zero. Schaeffler cuts its profit warning. They see the 2017 adjusted eby t ebi at 11 to 12 . Stada takeover bid fails the vote was close with support for the move falling just short of the 67. 5 required. The chief executive says the shareholders decision provides a mandate for the company to press ahead independently. Lets look at sistema shares theyre slumping after a Russian Court arrested some of its assets in an ongoing legal battle with rosneft. The country is s
The firm cites challenges in its crop science and Consumer Health divisions. A hunger for going public. Food Takeaway Service delivery hero rises in its frankfurt stock market debut well speak live to the ceo, Niklas Ostberg on how the company will navigate a crowded marketplace. Good morning its friday. A quick look at the markets in europe were modestly higher to the tune of 1 we are set to end the month of june with the biggest monthly loss in one year off 2 for the stoxx 600 in june following four months of gains maybe all these worries about tightening weve seen. When it comes to the sectors or the markets, the ftse 100 is off by 0. 3 . The xetra dax is down 0. 1 the cac c40 is up by 0. 3 lets get to our guest, mike bell from jpmorgan do you think theres too much concern about some of the tightening by banks . I think theres been a bit not enough focus on the ecb statement and what mario draghi was saying i think they will taper. What he was emphasizing is two thin things firstly
Good morning welcome to Worldwide Exchange on cnbc. Im dominic chu in for wilfred frost. Im Morgan Brennan in for sara eisen its new music friday, were getting your weekend started with a brandnew song by zed and liam payne called get low. What do you think . I kind of like it its firing me up for jobs friday also makes me feel like im in a club on a saturday night i hear get low, im thinking lil john and the east side boys for sure lets check the Global Markets there is some stuff going on ahead of this big jobs friday. If you look at the u. S. Equities picture, its generally flat, maybe to be expected after a down day yesterday things are Holding Steady ahead of that 8 30 a. M. Eastern time jobs report. You can see the implied open for the dow, just about one point. The s p about two points nasdaq up by about five. As we look at the tenyear treasury note yield, a key focus for traders and investors over the past week or two, given the bank stock run, global rates all over the place,
Commerzbank swings to a loss in the second quarte dragging the shares lower, while socgen suffers as the french lender sees both profits and revenues decline the banks deputy ceo tells cnbc emerging markets are helping we have an advantage from the improving environment in central europe, from the dynamic in africa, which has compensated the still negative Interest Rate environment in the eurozone, and the low market volatility. An apple a day keeps the bears at bay the iphone makers better than expected earnings boost european suppliers, and set apple shares up to open at a record high. Good morning, everyone its hump day, that means its wednesday, of course the stoxx 600 is not doing too much this morning. Were off bay fraction the german and french markets are higher, but seeing pressure when it comes to the ftse. Thats in part because were seeing the mining shares on pressure rio tinto off by 2. 5 , this on the back of a disappointing dividend the divi not as big as some expected r
Corvex management having a 400 million stake in the french food company. Good morning it is tuesday. Once again, European Equity markets are heading higher that said we dont have all the equity markets open today. Volumes will be lower than usual given that there is a Public Holiday in the places like india, poland, greece. The xetra dax is what were showing. Its up by 0. 25 so were still benefiting from this return to equities, this return to risk after we are trying to forget about the risk aversion that happened last week given the events between north korea and the u. S. Lets look at the european markets one by one the ftse 100 is up by 0. 1 the cac 40 is up by 0. 2 danone is a factor well get to that story in a bit. First, lets focus in on the big news out of washington and the u. S. Yesterday intels Brian Krzanich and kevin plank are the latest ceos to step down from President Trumps ceo council. This after the president failed to single out white nationalists for violence over t