Stockton reports an increase in profits, but says thousands of jobs will go. There will be cut. It is too early to show that. Do you think it would be more in the range of hundreds or thousands . I would say more like a thousand. Guy welcome to countdown. And im anna it is just past 6 00 here in london. Mark carney is here later on in the press conference. Everyone waiting to see if he will change Market Expectations for where rates are in the u. K. And when they will get hikes. Anna 1 or 2 . That is how i like to phrase it. Are loudas if there voices saying there could be more, maybe another joining the ranks of those trying to get an Interest Rate hike. More broadly, it is clues. Guy i think it is 1 . I think the fed story is getting more interesting. I think will feedback into what is happening with the bank. Janet yellen really making it clear that that december hike is still very much on the card. Cards. The markets are alive to that risk. This is how they said that have shifted o
We want to keep an eye on currencies today. The eurodollar trade will be key when we hear mario draghi speak. He can seat euro weaker against the dollar. What we have been seeing is the dollar using steam against the euro and the yen, retreating. Against the yen. I will bring up the dollar yen now. This is all about the u. S. Yield came out of the fed minutes, not just about the prospect of a rate rise, but also the gradual path of rate rises after that, next year. That is what is playing into these currency markets. I cannot bring it up right now, but we are going to be looking closely at the first day of trading for abn amro. This is the biggest european banking ipo since 2007. Abn amro has raised 3. 3 billion euros. Atsold 188 million shares 17. 75. That is equivalent to a 20 ke, valuing abn amro at allowing the dutch government to recoup some of its wanted to billion euros it spent back in 2008 2 bailout this lender. I will bring you an update. Atathan abn amro priced 17. 75. It op
Guy what do you need to know this morning . There is Caroline Hyde with the first word. Caroline good morning. Chinese shares have slipped after slumping industrial profits, increased concern that the economic slowdown is deepening. They have put the regional benchmark. Taking how protection in case rates go negative. Waning Inflation Expectations of sliding oil prices, putting pressure. Sees chinamits he andcially in hong kong, china they no longer offset the slowdown in the Global Smartphone market. Global news, tway four hours a day, powered by 2400 journalists and 150 news bureaus. Guy . Guy thank you. We are half an hour away from the equity market open. Let me show you where we think we will go. Remarkably calm, considering where we have been as of late. Ftse opening flat. An ok half point lower, session yesterday. I want to show you what happened with the shanghai composite this is the day that we round trip to back up since the start of the week and we are still significantly l
You are watching the pulse. I am guy johnson. Eat, sleep, pray. The brandnew way to start your day. A great story. Harris. We would check out the first european outpost. Paris. The most expensive suites. Let us stay in paris and our top story. Agricole said its profits were nearly wiped out in the second portugalsd to bailout. The details. We knew it will be bad and the number is a bit. Is exposed tole portugal. They own a 14 per they own a stake. It is the wiped down to zero. They took a charge in the Second Quarter. An extra 200 Million Euros for keptalue that has been down to zero. In todays debate to the 19 dates of backanto to the 1980s. Santo familyhe regain control of the company. That relationship has gone bad. One person said the bank had the family. By lets talk about one stock that is up. Investors are looking at the capital ratios and the bottom line. Talk about the figures ok. Expected andely priced in. Better than expected capital ratio and the corporate and itent profit
Will be the one breakthrough in bipartisan negotiations. The release of two americans held by north korea. Kenneth arrived at a military base outside washington. North korea sentenced them to years of hard labor. There is no ill will. He would not have wasted the two years upon himself. I think he looks back and he wants good to come out of all of this for everyone involved. North korea says Matthew Miller was trying to investigate the countrys human rights investigation. Residents have overwhelmingly voted for independence. It may force spains Prime Minister open talks with officials. They have a number of gripes with the spanish government, including budget cuts and taxation. A year of austerity. Plus, a deadly ignition switch problem. Gm ordered a half a million replacements which is almost two month before telling the federal government there was a problem. This is according to emails by the wall street journal. Viewed by the wall street journal. This led to the recall of more than