Bank. Tand shares in zalando fall after sales growth we have a lot of things to get through today. Lets look at the markets one hour into the trading session. The stoxx 600 is up marginally to the tune of 0. 1 , this is following a small dip to the tune of 0. 3 in yesterdays trading session. As we look at whats doing well today, we have outperformers like germany to be honest we had the first q3 Earnings Results rolling in, and they were disappointing. Talking about zolando and akzo nobel. Lets show you how were faring today. The cac 40, the xetra dax eking out modest gains we get the wage data later this morning in about a half hours time that will be key for boe watchers the ibex 35 continues to underperform off by 0. 4 well touch on what mr. Rajoy has been saying in the Spanish Parliament this morning. When it comes to the sectors, this is the view. Real estate, healthcare, travel and leisure outperforming, on the down side, construction, telecoms and banks not a lot of movement on
To meet madrids deadline but reiterating his call for dialogue good morning it is thursday morning thank you once again for tuning in to street signs. We are one hour into the trading session, what we have seen unfold in the markets is interesting. The hang seng off by 1. 7 . No one knows the reason for that the stoxx 600 has taken a like lower, off by 1. 73 . As soon as we know more about the underlying reasons, well tell you about it. Maybe tweet in if you have a clue as to what is going on. We have some chinese data out which is more or less in line with expectations. When it comes to europe, we had plenty of earnings, and some were mixed we had disappointments from s. A. P. , unilever, nestle lets tell you what the european markets are doing. We have the ftse mib off by 0. 8 ftse 100 off by 0. 2. The xetra dax now off its recent record highs, back below the 13,000 level off by 1 and of course all eyes on the ibex 35, this as the Catalan Leader Carles Puigdemont has reiterated his c
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
Is less human input. Also speaking in riyadh, the head of saudi arabias Sovereign Wealth Fund pouring cold water on speculation that the listing of saudi aramco could be delayed saying the ipo is on track. And novartis beats expectations in the Third Quarter as they say they are making significant progress on plans for a possible ipo of its alcon unit the ceo tells cnbc what management is thinking if we do bring this to market in a spinoff, lets say, its going to be important that we do it from a position of strength, so that in the nearterm we have to focus alcon on delivering consistent sales growth and core operating Income Growth. As chinas Party Congress draws to a close, xi jinping is importalized in the constitution as he is named in the amended draft. Just want to bring you data from the eurozone in the form of composite pmis, they were below expectations we have the flash composite pmi for october falling to 55. 9 from septembers 56. 7 still comfortably above the 50 level. But
At 1. 1764. The ifo index was at record highs in august, but we saw that preelection dip to 115. 2 in september. We were expected to stay around those levels but we got a stronger showing than what we had anticipated. If we look at the german ifo conditions, a forecast of 123. 8. And the ifo expectations index, 119. 1 versus a forecast of 107 this all beating expectations. Annette is in frankfurt with instant analysis this is all fairly strong data a day ahead of this crucial meeting from the ecb that would in a way justify tapering, wouldnt it . Of course in looking at the German Economy, tapering is justified if we would set the Monetary Policy for germany, i think we had taper quite for a long time already. Let me run you through what were hearing from the ifo institute. I think all the insecurities surrounding the outcome of the german election has gone people are investing people are optimistic about the future the expectation component is always very important. And that this has