Credit suisse Ceo Tidjane Thiam tells cnbc the banks restructuring plans have started to bear fruit. Often people say, well, we focussed on the costs, not yet the revenues revenue is 9 , costs are 6 . That drives the operating leverage that you see in the numbers. And that will continue barclays sees its first earnings hit by the divestment of its Africa Business, but the shares move higher as Ceo Jes Staley tells cnbc the bank has turned a corner. Were now a clean bank and restructuring is over. We feel good about how the bank is positioned. We are free of all the legacy issues adidas shares hit a record high after the german sportswear maker raises its fullyear Sales Guidance ahead of next weeks numbers. Shares of renault drive lower despite a 17 rise i first half revenue, as analysts raise concerns about the french automakers levels of leverage absolutely huge set of numbers out from the Banking Sector this Week Barclays has posted a 1. 6 billion pound loss in the first half of the
Good morning, everyone want to kick things off with a bit of data in the form of the eu pmi numbers the german manufacturing number posting more solid growth in july the french number showing another sixyear high. And once again were still waiting for the pmi numbers. We will bring those to you as soon as we get them. Let me double check whether theyre out. Not for the time being but well bring them to you as we get them. When it comes to european markets, we are broadly higher xetra dax up by 0. 2 ftse 100 is up by three quarts over a percent thats very much driven by the oil and gas story. Thats one of the best performers sectorwise lets flip over to the sectors here you go. Oil and gas is very much outperforming. This is on the back of Higher Oil Prices this morning, but also the profit beat coming from bp lets talk about that. Higher oil prices and deep every cost cuts have helped bp to a Second Quarter profit beat the british oil giant reported a 10 rise in production that would t
Commerzbank swings to a loss in the second quarte dragging the shares lower, while socgen suffers as the french lender sees both profits and revenues decline the banks deputy ceo tells cnbc emerging markets are helping we have an advantage from the improving environment in central europe, from the dynamic in africa, which has compensated the still negative Interest Rate environment in the eurozone, and the low market volatility. An apple a day keeps the bears at bay the iphone makers better than expected earnings boost european suppliers, and set apple shares up to open at a record high. Good morning, everyone its hump day, that means its wednesday, of course the stoxx 600 is not doing too much this morning. Were off bay fraction the german and french markets are higher, but seeing pressure when it comes to the ftse. Thats in part because were seeing the mining shares on pressure rio tinto off by 2. 5 , this on the back of a disappointing dividend the divi not as big as some expected r
Foundations for the merger losing its find. Pandora blames a challenging u. S. Retail environment for its Second Quarter profit miss shares off by 9 and trade data from china disappoints but the country maintains a healthy surplus with the u. S. Good morning, everyone, it is tuesday and taking a look at the map this morning, the stoxx 600 isnt going anywhere were just holding ton the flat line the stoxx just out of the gates up by 0. 2 now, an hour into the trading session we are flat as a pancake. Again, thats a pretty quiet day when it comes to Economic Data the only piece of data we got out is german trade numbers, german exports with its fastest fall in two years we got the china to focus on and that did lead to the basic metals stocks lower. Lets show you the European Market its one by one ftse 100 up by a few points and the xetra dax coming by the sectors, one of the worst sectors with the downside of 0. 4 and travel and leisure also down 0. 7 lets give you more info on that trad
Shares fall as a grocer misses profit expectations but the ceo says that the integration of its merger remains on track. Good morning, everyone it is wednesday, and it seems Global Markets hit by risk aversion coming from tensions between the north korea and u. S and evinvestors are taking money off the table when it it comes to equities. Were off by roughly half of 1 . But were seeing save haven flows into the yen, treasuries and gold well get to those first though want to show you what is happening with the european markets one by one. Ftse 100 off by 1 , xetra dax following by 0. 8 and the cac 40 off by a similar percentage. Weearnings to get through, but sector sector first. Basic resources managing to eek out a small gain 0. 1 along with real estate. Rest of the sectors are deeply in the red and obviously it all comes back down to this news, north korea says it is examining plans for a missile strike on the u. S. Pacific territory of guam. The latest threat comes just hours after