Euro, and he is now accused of tearing it apart. Tom where will germany be monday morning . Brendan i do not see how this fails, but germany is talking about having a discussion with itself about the euro, and it is entirely possible that they may be ready to contemplate after some time what we have been talking about. Tom lets get to top headlines. Here is vonnie quinn. Vonnie thank you, tom. Lawmakers in germany are getting ready to vote now on the new greek bailout. The plan is expected to pass backed by the majority held in parliament by Angela Merkels party. The german chancellor spoke this morning in favor of the bailout. Angela merkel the dramatic events of the past days in europe cannot be overestimated. These days are dramatic, first and foremost, for the country that is the subject of our thoughts and consultations greece. Lets imagine for a moment what it would mean is at home in germany pensioners would be queuing in front of closed banks to wait for their weekly pension of
Bloomberg daybreak europe. I am anna edwards. Manus ims cranny. We had a slew of earnings before the start of the show. We have more as well. Nus is womens lehmans mbers. They happen rising 11 to 12 . Second quarter, sales profits rise. Sales for the Second Quarter , 20 point 2 billion, the market was looking for 19. 7. There is a comfortable bit coming through and confirming the fullyear outlook. Profits rose 18 to 2. 4 9 billion. Have the wind of business wrapped in and the Health Care Business potentially being ipoed and the margins will be the critical point. Well have a conversation with ralph thomas joining us under 14 minutes time. We will talk margins. We have socgen. Anna the socgen Bank Reporting numbers. That is below the estimate of 863 million. If you added that back end it would be above the estimate but we will see if that is the Way Investors decide to look at these things. Investor Services Revenue up by eight point 8. 2 . They are making an additional Digital Investme
Weakeningh pound substantially this year. The dax up 30 points. Up more than 1 10 of 1 , despite all of the banking problems we still have to resolve in europe. Highlighting the euro in todays trading as well. Ins have a look at the year the ftse 100. A gain of 14. 4 . That is in local currency terms. Not so hot when it comes to the dollar or the euro. The dax up 7 in euros. The cac 40 up 4. 5 . Quite a nice year in terms of european trading. There is the euro. 1. 0547. Again today up half a percent. About 30 minutes into the final trading day of the u. S. Year. Abigail doolittle has been here all year and is here with the latest. Abigail looking at the kleins for the major averages on this last day of the 2016 year for stock. Nasdaq tradingnd lower. For the dow, s p, and nasdaq, this is the first threeday decline since the election, if losses continue. The nasdaq on performing underperforming the most. The russell 2000 also down about 4 10 of 1 . The dow on pace for a weekly , its fir
Walmart stock unchanged in the premarket. Jonathan we begin coverage in europe, where too many, its hard to reconcile rising global uncertainty with Economic Data that showing resilient economy. We had to france where greg is standing by. I want to begin with the politics. Marine le pen and the National Front touching up in the front for the second round. It has much more to do with security than it does with the economy. If you go back a few weeks, the poll showed are leaving in the first round and getting stung in the second round. Losing, somewhere in the 30 range. Her opponent would get somewhere the 60 range. It takes a much tighter race for the second round. Seeing high 50s for her opponent, low 40s for her. Theres a bunch of reasons. She has definitely had the security issue, but the incident at the louvre recently. There were riots across france after the release after the police brutalized a young man. Some of her opponents took the side of the young men who got in trouble wit
How granular will he get . We will speak to mark mobius and the ceo Michael Spencer. We are less than half an hour to the european open after yesterdays gains across the board, but take a look at where futures are pointing today. Also up. You can see the euro stoxx 50, this was yesterdays intraday trade. There is the futures trade indicating a gain of about. 7 of 1 . Dax and the cac all poised for gains. Guy lets talk about what is going on in terms of the gmm. Yesterday, the massive move yesterday in italian bonds stocks was fascinating, up four point 15 . I was told the italian market is 2. 5 Percentage Points away from a bull market. You heard me correctly. Peripheral markets did well. Spain was up. Most things are down in asia. The japanese yen down point to of 1 . The british pound also down. 2 of 1 as well. This is as we continue to watch the situation in europe unfold and we wait for the ecb and we are about the fed as well. Lets catch up on what you need to know. Heres the firs