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
Minds on the Financial Markets in europe. Opening down so far. And today is the busiest day of the year for the royal mail, with ten million parcels and millions of letters out for delivery. Were going live to a sorting office to see how the company is coping. Today we want to know on the day we expect a deal to be announced between disney and 21st century fox, are you concerned about getting less choice in movies . Let us know. Just use the hashtag bbcbizlive. Hello and welcome to business live. We start in the us where regulators could be about to scrap rules guaranteeing equal access to the internet a principle known as Net Neutrality. It was enshrined in law under president obama in 2015 but under the Trump Administration it looks doomed following a huge battle in the business world. Heres why. Think of your Internet Service provider as a motorway. Net neutrality means its not allowed to set up fast lanes giving faster access to some sites because they pay more. Or deliberately slo
Aerkst prompting the retailer to turn its focus online. Shakeup in the skies. The airbus ceo, tom enders, announces his exit with the coo stepping down as well from troubled planemaker. And President Trump says the disney fox deal will be a great thing for jobs as ceo bob iger tells cnbc its a consumerfriendly tieup. Theres risk associated, whether you look at the price or the regulatory side or whether you look at the complexity of integrating companies this size. That risk was well worth taking on good morning, everybody. It is friday tgif lets see how the picture is trading in europe this morning we had a bit of a weakness over in the u. S. Trading session overnight. Dow jones and s p both ended the day lower after hitting intraday highs. Still some concerns about the tax bill being passed in congress, but well talk a little bit more about that later. And nikkei also did struggle in the overnight session, down despite Strong Manufacturing data the picture in europe is grim, stoxx 60
Lets look at how markets are shaping up as equity markets are trading for another 30 minutes in europe. Gnm looks cross asset. Benchmarks down by more than 1 . Down almost. 9 . On to phasemoving two. The trade talks will not officially start until march. The e. U. Commenting it will get harder from here. It looks like assets are not optimistic about the progress in talks. The euro down. 1 . It was stronger against the dollar earlier in the session. We have seen the dollar pickup up in the last 30 minutes on reports mark rubio might be voting yes on the tax bill. When it comes to fixed income, the treasury yield higher. Up to the basis points. In europe, a number of fields moving lower. You can have a look at the picture across europe in the equity space. Even though we are down overall for a third day on european equities, ftse up. 3 . Spain off by. 4 . Earlier, i said the euro was trading higher. Lower now. A lot of people saying the euro could rally. It will be the year of the euro i
Because theyre coming. Toyota in so many others coming into the United States and all that needs to raise money for people. Lower taxes than what it really means is jobs. Maria the president says the u. S. Is the best place for Global Investors are treasury secretary Stephen Mnuchins comments that the dollar touching a threeyear low. Others low. Ill be saying to the secretary to talk about that coming up this morning i met a few minutes. Coming clean, algae says washing machines are about to get marks and then responds to deep new tariffs announced by the Trump Administration earlier in the week. Ill discuss that with wilbur ross moments away. Dow jones industrial average getting a new alltime high yesterday. S p 500 and nasdaq lower after declining technologies. , but not the dow continues in uncharted territory. Features look like this on the mixed performance yesterday looking among the intent of the dow industrials up another 40 points this morning. S p 500 announced back also high