Commodities because we are sub 40. It could spell pain to some of the big Mining Companies. What is your breakeven point. They say the breakeven point is 40, for others it is 44. Bhp at 29. That is why they are able to continue. The question here is sam walsh once said at the start of the year that it was fantasyland if it ever made it to 30. Anna lets bring another boy voice into the conversation. Great to see you. Another sign of pain for the mining sector. It has been ongoing for a number of years. You have a dynamic in a large part of the commodity sector. Big, you have the two players who are still quite comfortable. They are not happy, but they are aware that their competitors cannot live down here and potentially at some point they will enable be able to pick them off and a live to fight another day. Manus lets get up to speed now with your first word news. In importsas slump extended to a record 13 months in november and exports fell for a fifth straight month. The import slowd
Unemployment figures. From germany. Much better than expected. [inaudible] francine i think we are having a couple of difficulties, technical difficulties but mark was saying in terms of what we are seeing on the ftse, the cac. 3 afterx gaining china intervened. It still remains to be seen if analysts are convinced china can do enough. Gold is up. Copper up a little bit. A little bit more optimistic than yesterday. Lets get to the Bloomberg Business flash. French Telecom Companies have confirmed they are in talks on a deal. Not definedons are by any timeline. They signed a confidentiality agreement. The u. S. Justice department is suing volkswagen. In to chartt filed is the first case against the company by the justice department. Strong contender to buy a swiss travel company. It received winner approaches from third parties. There is no certainty and offer will be made. Its Restructuring Plan remains unchanged. Francine thank you. 7 slump in equities triggered a halted trading, china
Europe. Just waiting for momentum to build. One of our best days yesterday in almost two months. 600. Over 0. 9 on the stoxx let me take you on a journey. This is what everybody is focusing on, the magic number, 17,000, the United States on the dow jones. Whether the s p 500 can continue momentum. Whether you believe in the dow theory. That is where they ignited the concept that this bull rally could continue. When you are actually talking about it, sometimes it is over embellished. The u. S. Took the lead and they went charging ahead in asia. Sixyear highs within the asian markets. Here we go in europe. The french Prime Minister tells the markets that the euro is overvalued. Not good for exports. The ecb should do more. Paris down by 0. 2 . Have a look at some of the corporate stories. A baby sales company. They had discussions with destination maternity. Destination maternity offered 300 pence twice and have been rebuffed. Lets see how mothercare opens. When it comes to the number on
Welcome to countdown. Coming up you will look ahead to the market open. Lets give you some of these breaking headlines. From europes second largest Insurance Company, net income rises 12 on the year. They were looking for 5. 1 billion, so just a little bit low on that. Operating profit of 7 . The ceo says they are on track to meet their target. That is about delivering a doubledigit emergingmarket operating profit for 2015. He will see whether he stands by that. They have had a positive currency effect in 2015. A positive impact from the u. S. Dollar, from the hong kong dollar, and from this the swiss franc. That is something we will be investigating when we speak. The dividend is where it gets a little interesting. Bloomberg had a view on where the dividend would be, . 91 was our consensus estimate. The dividend comes in at . 95 so operating profit rises. Dividend is up, and of the ceo says they are on track to meet their strict target by the end of 2015. More on axa later. Olivia mal
Good morning, everybody. You are watching the pulse. We are live from bloombergs European Headquarters in london. Up, danger zone. We will take you inside the world of fivestar security in brazil. What is the price of protection . Ready high, i think. First, the fight over juniper uecker juncker. The Prime Minister of sweden said at a summit that his country will not support the selection. Hans nichols joins us from berlin. Time is certainly not an ally. The foreign leaders were all in a rowboat, rolling around. We can all make a variety of jokes, but there is the central question of who is going to decide who the next European Union Commission President is. This technical dispute has consequential outcomes. Will it be parliament who decides or will it be the heads of state . David cameron is clearly in the heads of state camp. He may be doing this as a ruse to block juncker, saying it is his prerogative. But he is saying that the heads of states should be the ones making this decision