Fed chair is currently testifying to the house ways and means committee. Whether it is eu in china or the u. S. In china, we will break that down. We will have exclusive interviews with the erickson ceo. The main story continues to be the fed. The pandemic may threaten the stability of longterm Inflation Expectations. That was according to the vice chair yesterday. I judge that measures of longerterm inflection Inflation Expectations were at the downturn at the lower end of the range that i consider consistent with our 2 inflation objective. Given the likely downturn, we are at risk of falling below that range. Us now is blackrock system medical systematic portfolio manager. What does that mean if we fall sustainably below that range . That is where we are today. This is a huge shock. It is a huge shock across both sides of the economy. That has been met with less price inflation. We have seen the impact across price commodities. We have seen it yesterday with retail sales in recovery
Gainers as they see no need for a rights issue, despite worse than expected Third Quarter losses good morning glad youre with us once again on this friday morning roughly one hour into the trading session. Lets look at how were faring on the stoxx 600, modestly higher to the tune of 0. 25 , recovering from yesterdayed losses which took us to the lowest level in october so far it was all about the catalonia fears, and the worse than expected Third Quarter results most results turned out to be better th better than expected this is the picture of european indices. The cac 40, up 0. 25 the ftse 100 up by 0. 26 , and the xetra dax up 0. 42. When it comes to the sectors, financials have been doing well. Banks up by 0. 6 this is on the back of the senate vote yesterday, which will pave the way for tax cuts basic resources also doing well, up by 0. 9 on the back of higher copper prices overnight. All right. We are just getting some news from spain let me bring you that in just a second seeing
Close of equity trading. The stoxx 600 down some. 5 . Brought moresaw it than 1 , the biggest drop since august. It is heading for its biggest weekly loss since august. Due to the distribution of Industry Groups broadbased gloss losses, energy and health care leading the decline. But pretty much every Industry Group on the back foot. Its only financial that were up ever so slightly on this imap. Taking a look at the euro, we are seeing a little bit of euro strength in this section. If you look at eurodollar onemonth risk proposal, its interesting. This is fairly neutral edging into bullish positioning on the euro. It talks about the pain trade in the euro moving higher. Interesting to keep an eye on that. Also, on peripheral spreads. As we see money moving out of equities, continuing in the session from yesterday, we are still seeing eels move higher in the bond market in the sovereign space, thats yields move higher in the bond market in the sovereign space. Look the spread between sp
Shares in the telecoms arena, as the giant heads for the worst day in nin months after it slashes its 2017 outlook amid declining sales we will speak to borje ekholm in 15 minutes time. Swiss pharma giant novartis beats expectations in the Second Quarter, amid improvements in its eye care unit alcon, as the ceo tells this channel that th collapse of republicans latest healthcare bill will not affect his business im not so sure it provides certain certainty. What it provides is there will continue to be debate what will benefit patients in the u. S. Is if theres some level of coverage whether its voluntary or mandatory, but to allow the access to medicines through insurance plans that reduce the copays shares of lufthansa struggling despite the German Airliner lifting its profit target for 2017 after a busy summer for bookings netflix blows away expectations for subscriber growth, with investors scrambling to bid up the streaming services stock, sending it higher by more than 10 in afte
Whitbread falls to the bottom of the stoxx 600 after the costa coffee owner says it expects the consumer environment to worsen in 2017. Ericsson promises to continue with cost cuts to improve profitability as the swedish firm posts a wider loss than expected in the First Quarter. We will speak to the ceo at 11 20. Good morning, everyone. Glad youre with us on street signs. One of our main stories, lvmh and its majority shareholder, arnault, are set to completely take over the Christian Dior brand. Claire is at the lvmh press conference in paris. I cant get over this 12 billion euro deal. When looking at history and how Christian Dior started selling sketches for pence back in the 20s. Yes. And this is a move that is appreciated by the market. You were talking about the performance of the stock, because it has been requesting that lvmh simplify its capital structure for a while so in a move to do that, the number one luxury Group Announced a public offer by the arnault family on Christi