Resolves itself. Theresa may hopes her speech in florence will break the brexit deadlock as she prepares to offer better protections for eu citizens as well as outline the divorce payment plan. Loreal shares jump as the death of heiress Liliane Bettencourt puts the beauty companys agreement with nestle under review, opening the door for a stake increase or even a full buyout. Good morning its friday. Let me get straight to some data in the form of the eurozone flash pmi for september. We saw prints coming out of germany and france those were much better than expected what youre seeing from the eurozone is better than expected flash composite is 56. 7 verses a forecast of 55. 6 and an august print of 55. 7. Thats better than expectations. The euro dollar pair is rising on the back of these prints. Up by 0. 4 still below the 1. 20 handle. Currently at 1. 1990. Lets look at how european stocks are faring. The stoxx 600 off just a smidge. Just really a busy day not just for the markets, bu
Companies will meet today to thrash out a rail deal nestle says it will speed up share buybacks and pursue external Growth Opportunities as the Swiss Company pledges to improve margins and cut costs. Good morning, everyone its tuesday glad youre with us once again we have another jam packed show. Lets kick things off with a look at the equity markets youre onehour into the trading session. Were fairly even steven at this point. The latest escalation in the war of words between north korea and the u. S. Is not helping. We are largely brushing that off. Stoxx 600 is close to session highs. Safe havens are seeing inflows are gold, the yen and the swiss. Markets one by one, the xetra dax is just clinging on to the flat line, off by 5 points ftse 100 off by 0. 2. Cac 40 up by 0. 1 . When it comes to sectors, a couple interesting things to tell you about oil is not doing too badly up 0. 3 this as brent is moving closer to the 60 a barrel mark. Tech seeing underperformance. You have it down b
Off consumer stock Britains Civil Aviation Authority says it will take action against ryanair for misleading passengers as the airline extends Flight Cancellations into next year it says it will also meet with regulators good morning Global Markets are buzzing around that trump tax plan we have seen optimism in stocks. This morning stoxx 600 is off a bit. We are just hovering around break even there was the expectation of a steeper yield curve. This morning the ftse 100 off by 0. 3 the xetra dax up 0. 2 the cac 40 holding on to the flat line. When it comes to the sectors, you have banks still outperforming. This is the trumpflation reflation trade i was talking about. Technology, Construction Material doing well. Retail is the key underperformer off by 1 given the bad news from h m, slowing sales, they had to cut prices as they had to sell off the summer stock. You can see those shares slumping in swedish trade. Lets get back to our top story, the Republican Party unveiled plans for an
We showed objectives and we did it. Every dividend helps tesco restarts its shareholder payout after nearly three years of absence as the largest retailer in europe sees strong growth in sales and profit we looked at how we could become more competitive for customers. The volume increased that we could give suppliers, we changed some of the business shape and the costs. The eu is expected to slap amazon with hundreds of millions of euros in back taxes as it concludes its investigation into the tax arrangement with luxembourg good morning great to have you with us on the show once again. Just want to get through some data talking about the eurozone pmis for the month of september the pmi print came in at 55. 7. It seems according to market, the firms in the eurozone built up a big backlog of work, thats encouraging. We had a couple of individual pmis this morning from spain, for example, very interesting given the latest political woes in the country it was the september number, it didn
Spreads business on the table amid rumors three private equity players are taking a bite. Good morning thank goodness its friday its been a bruising week for the spanish equity markets before that, i want to show you how the european markets are faring off a tad, 0. 1 . We are pretty cautious going into the jobs report in the u. S. That will be very, very skewed number given the hurricane effect in the month of september. European markets one by one. We see a split picture cac 40 off by 7 or 8 points. The ftse mib off by 0. 7. The xetra dax holding on close to those record highs we saw earlier this week. Obviously i want to draw your attention to whats happening with the spanish market. The ibex is off by half of a percent again after it rebounded nicely yesterday it was up by more than 2 . And obviously were focusing on the banking sector, we did see that recovery trade yesterday, but it was very fleeting yesterday we did see that relief on the backs of these Companies Moving or mulli