Last press conference. Even as we get the weak eurozone data and Interest Rates remain in negative territory. Nokia plunges as the tell cocuts the 2019 outlook and warns of tough competition daimler shares hit top gear thanks to strong mefrz sales the carmaker begins to double down on cost cuts. Weve got such an exciting day coming up. A lot of earnings to go to on the stoxx 600. We just got the aggregate data the pmi number has come in at 50. 2 slightly below the expectations but higher than we were back in september at 50. 1 services pmi, we have at 51. 8, just a faction below but above where we were in september the aggregate number coming in at weaker than we had. If you look at the numbers that had already come out, france pmi came in better than expected, germany weaker than expected i want to bring in a senior european economist who will be with us the next 15 minutes or so before we talk about mr. Draghi, i want to pick up on the European Data we have coming out this morning st
Our decision italys draft budget may in violations to the fiscal rules ubs trades higher after a swiss lender turns a Third Quarter profit beat. Ceo tells cnbc Market Conditions are tough. It is quite clear that we are more into a permanent challenge for the industry, so we have to think about how to redeploy resources and refocus existing resources. Novartis raises its third year jump beating expectations a warm welcome to street signs. Lets get a check on european markets. A bit of red across the board. It has been a fairly choppy session. The dax is teeterring around the flat line. You can see the cac, the ftse and the mib are in red territory. We are seeing a little retreat after a solid day of gains yesterday. Today firmly in focus. We have brexit front and center. We heard them making the point that ball is firmly in the uks court at this stage. Well look at sterling but we have seen solid support for the uk currency. Looking at sectors. We have the u. S. china trade coming into
Joy for amazon after poorly profit falls for the first time in more than two years. Shery mike pence sends messages of support to hong kong protesters. Check of theuick markets. Australia has open. Sophie . Sophie we are headed for mixed start with aussie stocks nudging higher by. 1 . Set 45th day of gains. Looking for the 6700 level. Those companies have reported with more due today. We are watching Samsung Electronics on the vice chairmans retrials for his bribery case. The south korean government is announcing this morning at the country will give up its withoping nations status the wto. Checking in on aussie bonds. The 10 year yield a creeping back toward 1 . Pimco snapping up australian state debt. Of the as speculation are present and rba have to follow the fed and have quantitative easing. Euro, slipping to a oneweek low. Advance. Ed its early pmi, split, on the thought of whether a boost in the pound would result from brexit. Shery we have breaking news. Budweiser brewing for a
That offset the departure of ceo. Demonstrations continue after an 18yearold is shot by police after 17 weeks of antigovernment protests the risk off tone was set by wall street overnight. A heavy close after a very disappointing ism manufacturing print coming out of the United States showing it deeply in contracting territory. That set the tone for equity trading. You can see the stoxx 600 today, almost all of the heat map is trading in negative territory. We are only about an hour into the trading session or so. So very heavy losses lets talk about the indices the ftse 100 today with Boris Johnson expected to deliver his keynote speech the ftse 100 is down 1. 2 well get more about hard deal or no deal luxury hit there well talk about that in a second ftse, mib in italy down as well about. 8 travel and leisure the only spot in green basic resources down 1. 8 . Chemicals in decline down almost 4 there anything that has international expose youre or exposure to this trade war speaking o
Oil slides into a bear market as trade tensions add to slowing demand. Brenda cost 20 since its april high. Cost 20 since its april high. Shery stocks rebounding. Treasuries paring back some of the earlier sturges we saw this week not to mention the dollar surges we saw this week, not to mention the dollar. We had brent falling more than 20 since its april the and sliding into a bear market. This despite the fact that we are seeing eight consecutive weeks of your talk piles declining u. S. Stockpiles declining. 1. 4 . Sdaq gained lets futures at the moment under a little bit of pressure, down. 1 . Lets see how things are shaping up in the asian markets as we have a few centralBank Decisions. Sophie it could be a mixed start for the asian stocks after a fiveday loss with several major market threatening to join the kospi, writing our yeartodate gains. Wiping out yeartodate gains. Check out tv stocks, jumping 1 one hour into cash trade. 10year gilts hovering around 10 . The aussie dollar