Pay safe shares rocket to the top of the stoxx 600 after a consortium by blackstone bid for the Payments Firm. Mediterranean delight for vodafone the mobile operator calls in with forecast topping numbers on the back of a Strong Performance in italy and spain, sending shares higher. Dimming down on sales. Philips lighting posts a 2 decline for its professional lighting arm, despite a beat on core earnings. The companys ceo tells cnbc that growth will return. We were declining by 2. 4 for the full year of 2016, we have been declining by 1. 3 for the first semester of 2017 we will go back to growth in the course of the second half of 2017 its a choppy start to trade today in europe with mixed colors across the board. Some red, some green, remembering that yesterday was really a Currency Movement that was driving stocks a stronger euro took its toll on european markets were seeing euro stoxx 600 not down too much, only by around 0. 07 . Ftse 100 is in the green but just holding on to gain
Tepid response is causing World Leaders to revert in droves. Yousef 8 00 a. M. , this is Bloomberg Markets middle east, im yousef gamal eldin in dubai. Just gone midday, entering the lunch break for markets. China has been on for 30 minutes. We have a few things to mention today, fairly busy. At some point in the afternoon, we might get the new credit data out of china, Industrial Production due out of japan. It comes out of your part of the world. Have a look at markets right now as we continue to see recovery across the broader market. I think the difference between what we saw yesterday and today with japan is now very much in the mix, very much on the shoulders of the regional benchmark. Up,night wall street was certainly an extension of what we are seeing across the asiapacific. The other thing i want to mention is when you look at the currency market, dollaryen you thereally tells whole picture that there is not a lot of appetite for safeties and for safe havens. The aussie dolla
Yesterday . What did you think . Weird, right . What you are talking about . Went all the way up. Yesterdays session . Yeah. What happened midday that knocked that off . They thought it was the ap story about trumps tax plans, how theyll scrap it and start all over again. I dont know. During the day, the guy in north korea said were this close to nuclear oblivion, the markets just tread water. But then the tax plan. Syria saying, yeah, russia said one more move, were at war. And then the futures didnt move. But then they said something about the tax plan, could be a week late, the markets moved. Thats very telling. How do you price it in . You can kind of when the world ends, it doesnt matter might as well trade until it does. Flight to safety. Im in safety. It doesnt matter. Even oil, with everything happen. When music is playing, you have to dance. Quick heck on whats going chec in europe and then oil. The dax down a bit. Cac, we will call that flat. Virtually unch. It is unch unch.
Reported. We will talk about that plus a regulatory story. Significant slump in the price of iron ore. Will traders in london take the same position . Matt we are less than half an hour away from the european open. Take a look at futures. They are down not huge drops that we are seeing a quarter of a percent fall in the euro toxx 5050 euros futures. The futures coming mainly out of italy. Bondinteresting is the trade. Investors are seeking perceived safety of Government Debt in germany. I have a threeday chart. Yields as investors buy up the . Bt down to 0. 187 onemonthk at the view. Investors are looking for haven assets. Guy amazing, considering what we got yesterday, a real catalyst to take treasuries out of their range. We have seen some of the aussie data. It is a very volatile employment series. You have a lot of other factors. The peso continues to be on the move, that has been a standout story and the renminbi rising on what donald trump had to say that the chinese are not curr
Even though officials did not exclude the bond buying thing extended. That is what you need to know. David continuing on the top story about the ecb. A many tempora cant a mini tenter hampshire a mini temper tantrum. Gradually tapering away from quantitative easing. We are joined by paul gordon, our editor responsible for covering Central Banks, and guy johnson in our European Headquarters in london. Paul guy, im sorry. I want to go to you. Tell us what the reaction was in the markets over there. Guy the Market Reaction was fairly fierce, to the honest. May of 2013. Be of the market was spooked by thats would have a ecb taper when the Current Program winds down. But the rational heads are working their way through this. Of course the ecb is thinking about a plan for when he needs to wind down, but if you took a look at the latest data, the expectations, in the ecb, the ecb downgrading its projections. The eurodollar rate, but it did not pick up inflation. It is not expecting to meet it