Talks and rising inflation are two thorny issues. Have a look at where european equities are trading, under 30 minutes until the end of the session. Greece is up 1. 5 . Italy is lower, 1. 3 lower. Ost markets trading down we are awaiting the outcome of the fomc meeting in three hours. Fx sovereign bonds, commodities, and cbs are your final columns. One of the movers of the day, shares up 2 , the biggest clothing retail stegner signaling growth is slowing this the owner ascating having a good start to the Christmas Holiday season. Revenue advancing 13 to the start of the fourth quarter, excluding currency shifts. Third quarter earnings in line with expectations. Lets talk about italy. The ftse still looking cheap compared with european peers. The benchmark is poised to close as europes best performing major market, on call for its best annual performance since 2009 when it rose 19 . Analysts expect the trend to continue next year. A general election and possibility of political gridlock
It doesnt create more jobs for americans. He claimed that he wasnt going to let wall street get away with murder and he said he was going to drain the swamp. Great talk. Then he got to washington. He put together a team of people who had spent deducts as decades at big banks and large corporations, people who are determined to tilt the Playing Field in favor of wall street and against working families. You dont need to look very far to see it. His most senior Economic Advisors, treasury secretary steven mnuchin, National Economic Council Director gary cohn and dean in a powell. Together those three have spent nearly a half a century combined working for Goldman Sachs. When it comes to our economy, this isnt the Trump Administration, this is the Goldman Sachs administration. Now President Trump has lined up another top Economic Advisor, kevin hassett, who has been nominated to serve as the chairman of the president s council of Economic Advisors. Mr. Hassett hasnt worked at Goldman Sach
Is set to widen, looking into whether the president s limited attempted to slow the Michael Flynn probe. Anna a very warm welcome to bloomberg daybreak europe. Our flagship morning show here in the city of london. Us she finds the story the fed told us what theyre going to do incrementally about the Balance Sheet but what is the dollar more focused on . Its down 6 this year. Its focused on this, the economic surprise index in the United States of america is careering towards zero. We have not seen that since the president of the United States was elected, and there is your dollar index, giving it all back. What is the dollar really focused on . Anna focused in the longer term around this. The dollara boost of around what the fed did but that was only after it sold off inflation earlier in the day. That astalk more about we go through the program. There are stony some another stories we want to get to as well. The msci hes in the red, down. 8 . A lot of that has to do with what were see
A very warm welcome to the program. I am anna and words. Just facets 00 year in the u. K. Will join us in dubai. The French Banking Group reporting their numbers, q1 profit at 227 Million Euros against the estimate of 220 Million Euros. That number beating estimates on the next level, Large Customer unit net profit coming in at 163 Million Euros. Cole reportingi that trading revenue fell at the bank began a reorganization to streamline the capital structure. The cost of a rebound, that is also of interest. Remember this european Banking Sector the largest having struggled this year, at record low Interest Rates, freezing income. And turbulent Financial Markets deterred clients from trading, listing, and other matters. That is something the whole sector has had to deal with. Back in february, we heard they were selling stakes in three dozen regional banks in 18 billion euro transaction to simplify the structure, reinforce capital, and pave the way for all caps dividends. Ollanta change