Whale. Buying up massive bets on tech shares as the european commissioner tells cnbc europe needs an answer. Its a major problem. Cant match this problem with a single taxation. And he is worried about talks with the u. K. Amid talks that the government could override parts of the divorce deal. Happy monday and a very warm welcome to street signs. Lets look at how the markets are doing. European markets are trading higher across the board this morning. Every major region participating in the rally the ftse rallying 1. 2 last week it underperformed relative to the rest of europe all of europe seeing a negative week last week the stoxx 600 dropping we have a bit of a rebound taking mace this morning lets take a look at the sector break down starting with the best performing parts of the market we have real estate up about 2 . Autos also performing up 1. 9 . Renault is a star performer. Industrials and basic utilities round out the topper formers lets see what the bottom looks like media
Couple of quarters and believe the short cycle of business are flattening out and do expect their recovery a tale of two banks shares in unicredit and Commerce Bank sinks despite confirmation of prerelease numbers and gaining altitude cost cuts helped lufthansa and they believe they will return to profitability by 2021. Potentially big news china and u. S. Agreed to remove existing tariffs in phases if both sides agree to lift their tariffs at the same time president s trump and xi were supposed to meet in chile before that was canceled. It is agreed they are trying to meet in december reaching a phase one deal that they would have met before host country chile canceled the event due to unrest. That deadline might not be feasible as the two continue negotiating the terms. If the date gets pushed out, that could get pushed out to europe President Trump is expected to attend the nato leader submit in december he has suggested switzerland as the neutral location leaders have reported swit
Second quarter loss and the psa chairman says Market Conditions are tough. We are entering now a chaotic period in the Automotive Industry as we all understand starting with the market downturn, the emerging markets are in turmoil we see the electrification is going to change many things. Aston martin shares skid off course after the luxury carmaker slashes key forecasts for the year as it weathers uncertainty in the uk and europe and the euro slips to a sevenweek low against the dollar after german and french flash pmis miss estimates. Good morning lots to go through today i want to start off with the macro data as mentioned, germany and france flash pmis for july disappointed we got the composite number, the flash composite for the eurozone came in at 51. 5, less than the 52. 2 number for june and less than the expectation of 52. 1 i want to break it down, though. The manufacturing pmi came in at 46. 4, that is again a miss versus the expectations of 47. 6. It is also the lowest sinc