Equities climb as President Trump delivers a measured response to iranian strikes on u. S. Bases. He does, however, promise new sanctions on tehran. Fighting back, japan calls of itsghosns criticism legal system absolutely intolerable. This after he blasted tokyo for hostage justice. Plus, not so fast. Hard. In hong kong hits u. K. Retailers post sales britishafter what the Retail Consortium called the worst year on record. Speaking of that m s Third Quarter, looks like u. K. Sales theout, gaining 0. 2 , and fullyear guidance has been ishanged, but mark spencer out with like for like u. K. Sales. We are also getting german trade balance and current account data right now as well as industrial , the Industrial Production yearoveryear figure, a drop of 2. 6 . The survey was for a drop of 3. 7 . It is a bad number but not as bad as had been anticipated in terms of the current account balance. We are looking at 24. 9 billion, we were looking for 23 point 8 billion. German Industrial Produc
Have set new alltime highs today with corporate earnings sending some mixed messages to investors. And the target miss rippling through the market, were seeing some take a hit. Joining us for the full hour, paul hicky, cofounder of the spoke Investment Group do you see any interplay between these big stories that were watching today so i think combined, they play into themes that weve been looking at coming into the year. So the pros and cons of the market heading into 2020 now, were pretty much evenly split. And the target could be a sign that maybe the economy is a little bit weaker than people are seeing were seeing weaker than expected data. On the positive side, were seeing the market continue to hit new highs. And the number one positive we look at is dont fight the tape. When we see new highs like this, you dont want to fight the market and trade is important its not necessarily a positive or negative, but at least weve got this behind us and theres very little in the way of exp
We are live in brussels. Manus warm welcome to daybreak europe, from london and abu dhabi. One thing we have to get our heads around, have we got a little overly exuberant about riskon a little too soon7the world bank comes out with their growth report. Looking into the depths of it, it is a world we havent seen since 1990. China, under 6 growth. Nejra good morning, and great to see you. We got factory numbers from germany causing some concern. The eurozone, another flashpoint. Going back to jim littell risk, geopolitical risk, it looks like for now we will not see further escalation between iran and the u. S. , but the risk of proxy war is still there, and as the investigation happens into the boeing crash as well, if that becomes a clinical headache for iran you wonder if they could feed into wider risk in the region as well. Manus yes. The question for markets here is whether there will be plentiful supply. Headlines,e, red well delve deeper shortly. Innate pharma, a big miss. The m
Anymore. A lot of Global Markets are closed or for boxing day. Uk, germany, france, australia, italy and hong kong. I say it every year. Boxing day has nothing to do with boxing as a sport as a child, i always thought that u. S. Futures, we have some green arrows dow looks like it would open up about 30 points higher 10year note opening about 1. 97. New this morning, china says it is in close touch with the United States on signing a phase one trade deal both sides are 12i8 going through necessary procedures before signing despite progress on trade, tensions remain. Meantime, saying the phase one trade deal is, quote, an enormous step in the right direction. It is coming. It is coming it is done in your mind what we are going to get is what weve gotten. Phase two, i wouldnt think about it again like ever, ever no. Let it go. Gone for good oregon for the election . I think you need a change in leadership of china before we see anything significant even if trump wins in november of 2020,
Trump card which is the economy. Americansare deeply divided over impeachment showing over half of voters, 51 , believe trump should not be impeached and removed from office compared to 45 that is reverse where the numbers stood before the many hours of hearings. Before they began, more voters voted for impeachment than against it the data on the economy is unequivocal. Showing three quarters of voters have it any time in the past 18 years. For those who believe the economy is on the right track approve. The white house wants to capitalize and that angry letter sent yesterday he wrote that, quote, democrats are desperate. Your party simply cannot compete with our record. Thank you. One of the Big Questions is the proxy for the election a lot of people have said, dont impeach. Lets wait and deal with this election and see where the public stands. If you have a group of candidates arguing that you need to bump up this election because of trump what does that suggest one of the interestin