Highest close, though, since 1996. Good morning, everybody. This is daybreak europe. Matt good morning, anna. Guy good morning, matt. Nna good morning, matt lets talk about whats going on in spain. The chartier tracks the biggest etf that tracks spanish equities and the appetite weve got for that. The president of catalonia seeking talks with Central Government in madrid, not mentioning unilateral independence. That is sending more money into this etf that tracks spanish stocks. We have seen money coming out of. His particular etf we signed trading at volumes that were 700 of normal daily volumes, and we saw the euro gain a little bit. You will see that the euro is Still Holding on to some of those gains. Its funny, i was looking at the exact same etf here on my screen as well. Also, the euro, as you mentioned, holding on to some of the gains. Take a look at the risk radar this morning. I am going to kick it off with the euro. Spain front and center as far as what is going on. In dolla
Exports rise from the factory to the world as Global Demand shows signs of picking up. Welcome to bloomberg daybreak europe. Im anna edwards. Manus we brought her back in. She is allowed inside the building. Good to have you back in the room. Lets get out to matt miller, standing by on location. A big day for the ecb. A huge day for the ecb. Number one, we are expecting at least 90 of the economist we surveyed expecting the ecb to change the language in its statement and no longer say that risk to growth are tilted to the downside but rather balanced. Its something weve not heard since august of 2011 when jeanclaude trichet was president. For me its going to be an exciting day. There were never two words so much focused on in our lifetime. We will catch up for you a little bit later. Got to talk about sterling. The one that maybe just got under the radar, this is the probability of a rate hike in september versus december. What youre going to hear from the federal reserve. Its below th
Lundstedt. Pass the mustard mccormick buys Reckitt Benckisers food business for 4. 2 billion, adding frenchs mustard and franks hot sauce to the company spice rack the ceo of akzonobel steps down citing Health Reasons as the Dutch Chemicals Company continues to battle activist investor elliott managements attempts to oust its chairman. Weve had so many numbers out of scandinavia the last couple of days and speaking to so many ceos out of that region. Ericsson yesterday tough numbers there. Great numbers today from scedbank we spoke to tele2 who are weathering regulatory problems left, right and center and electrolux and volvo are moving in Different Directions on the market today, but electrolux upgraded its north american outlook after a stronger than expected rise in Second Quarter earnings. The swedish appliance maker upped air north American Growth star get to 3 to 4 citing strengthening demand and a favorable macro environment. Its not the only firm today citing a pick up in north
Of failure. M it punches the most since november after the ceo quits. Anna welcome to bloomberg daybreak europe, our flagship morning show. I am anna edwards. Manus im manus cranny. The world deals with another terror attack in barcelona. That is the reality of the world we live in but also across the pond, the world deals with the reality of what is happening in the white house. It is a double punch for the market. The s p 500 is down 1. 5 , the second worst day this year. It has only swung 1 in three of the last six sessions. Are we dealing are we building up to more . Is what really unnerved the market yesterday. They report was set to go, denied by the white house. You have volatility rising. Rising but it is not doing what it has done historically which is drifting away after the events. Anna after terrorism in barcelona, not just in terms of white house agenda, but what does it do for the race to lead the fed as well . Lets get to the risk radar and show everyone where we are in
Manus you are welcome. This is bloomberg daybreak europe. Our flagship morning show. I am manus cranny in the city of london. Anna edwards is on her way to the Supreme Court on the article 50 rolling. This is philips which has itselfed it divested an organization. The Fourth Quarter adjusted comes in at a billion euros. In line. It is a slip below. A billion euros is what we earned in the Fourth Quarter. It will maintain a dividend of 80 Cents Per Share in line with what the market had anticipated. They still have a shrew a huge the diagnostic business what will happen with it in terms of the u. S. From once to make America Great. Will that force people to buy shares in something other than phillips. Have a conversation with the ceo very shortly. Market, there is one pervasive theme. The dollar is offered. It all comes back to last week donald trump talking in the wall street journal and overnight it treasuryews of the secretary nominee. From time to time an excessively strong dollar,