We preview the budget. Manus it looks like we have been living the dream. Mohammed said he prefers cash. He talks about that minute move in the curve. 2 . Has troublee, one and drive. Nejra we have arrived at a pivotal week. We have decisions from the fed and ecb. There is a sense there are things that could happen this week that could perhaps lift Risk Appetite again. You look at the u. K. Election and that tariff deadline. Hurlyburly is done im quoting macbeth, for the oil market. Look at this. Five days in a row. You have just come off a fairly magnificent move. The china export data wobbles the market. 1990s. Oing back to the more about that in a moment. Have a look at that. Versus eye on germany the United States of america. Of course, global issues may hold the fed back. , longterm bond holdings, you can diversify with a little bit of gold. Kills the market more than a bit of fear. Not a lot of fear in the asian equity session. Muted gains, but gains nonetheless. Different from w
For a conversation with stefon engels. Welcome to daybreak europe. From unicredit, First Quarter net comes in at 1. 1 billion euros. 995. 3 million. S that is a beat. It is confirming its target for 2019, the target for revenue it is confirming it of course, what we heard earlier this week was that it was selling its entire stake. That is a reminder of that. In terms of the update today, the main number to draw your eye to his the Third Quarter net, which is a beat. Lehmans numbers coming in as well. Fullyear adjusted, industrial businesses, 9 billion euros. The estimate was 8. 61. That is a beat, at least on that number so far. Looking through some of the other headlines, decline in market volumes for short cycle businesses. This was a problem last quarter as well so it seems this issue is still remaining. Year 2020 of 6. 3 to seven euros, excluding charges. The outlook will be something analysts are keen to hear more about. The global Macro Economic development, some dude in the full
Matt good morning from a very busy berlin. We have a office full of reporters who have been here all night long, like the Lionel Richie song, because the German Climate cabinet has been meeting since yesterday and has not been able to come to a decision on the possibility of a carbon tax or extension of the cap and trade system, and has not come to a conclusion about what environmental kinds of environmental package that could be in the tens of billions of euros ity wants to present. Nejra it will be interesting to see what that includes, and if Angela Merkel disappoints. She was criticized when she was environmental minister. It is the number one concern of german voters, and as far as what we could get, there are questions over some kind of extension of the emissions trading scheme, may be moving that to other sectors, and if there could be a carbon tax. All this could affect a number of companies, including airlines and also a lot of transport companies, matt. So what do you think m
I would rather be dead in a ditch. What would the world do with further delay . It is pointless. Matt good morning from frankfurt. I am here for the auto show. One of the brandnew bugattis yesterday. All the focus in the markets today is going to be on what goes on with the china rate cut, what goes on with the Oil Situation where you are. Manus you must be in seventh heaven. All the expensive toys to look at. Place here at my favorite , the World Energy Congress number 24. One word. It is about oil. Five days in a row, it is all about the rainmaker. Minister. Udi oil good morning. Good morning. We will be following that story closely. Take a look at the equity indexes in china, first off to see how they are doing after that rate cut news. You see there are gains, only slight. You look at hong kong, you would see they are down a little bit. More of a riskon scenario when you look at safe haven trade. The yen is gaining a little bit against the dollar, but you can buy 100 seven, basical
Dialogue with protesters can resume once the by log violence ends. Pacific shares tumble as a cancel slides. Afterr embattled leader argentinas assets plunged president Mauricio Macri warns against return to a previous regime. We havereatest problem today is that the alternative to the government, the kershner alternative does not have international credibility. Ive been saying this for three nap years. International investors do not trust them. Good morning. Lets take a look at the assets across the world. After the news out of argentina and china. Asianpacific stocks look down more than 1 . After the retreats in europe yesterday in the u. S. After that, in response to hong kong we see the asiapacific index down. Chinas 10 year yield reaching a low of almost 3 . Right now 3. 01 . It had been down that low. You can seals even in china where growth and inflation are yields in china where growth and inflation are higher is down to 3 . Then the sei em currency index falling at concerns ab