Battle for patents for the second time in seven years. Donald trump calls on carl icahn to help him combat excessive regulation as the activist investor will become the president elects special adviser. Good morning. Good morning. Do you hear that . Whole bunch of kids super excited. Santa on the way. Always on the roof. Dasher, dancer, prancer. I think we should do something on reindeer, whether or not they really have red noses. The stoxx 600 flat to a couple points lower. You would anticipate we would be looking at light liquidity at the moment. People already packing up their bags if theyre heading to the caribbean. Trade very thin. Just a reminder that officially the japanese market is closed tomorrow because of the emperors birthday. So we will have no trade another reason for quiet. Exactly. Mixed markets in europe, the ftse, xetra dax, a bit lower. To the upside, media, autos, healthcare. Big story in healthcare biotech, the underlying pharmaceuticals. Basic resources off by 1
And monte dei paschi problems. Moodys extends its review of the baseline Credit Assessment as the ecb sees the troubled lender needing almost twice the amount it had thought to raise in a failed capital increase. Welcome to the program. We are less than half an hour from the start of European Equity trading. Could be thin volumes, being a home period between the christmas and new year holidays. This is what we expect at the start. Futures suggest a stronger start of trade in europe. A generally positive handover coming through from asia as well. The Australian Market up and back in action after the chris pratt. Get to the gmm function on the bloomberg. The gmm for the d10 shows equity markets dominated by the move in australia, up just over 1 . We see anpacific, increase for the first time in seven days. That is one of the standout stories. Laura low volumes today. Their 30 day moving averages. We see some movement in currencies. The new Zealand Dollar in particular, and the australian
Obstacles for the u. S. Economy. Can anything stop the u. S. 10year hitting 3 . Plus, banking on a trump residency. How have u. S. Financials fared and what could a repeal or partial repeal of doddfrank mean for their Balance Sheets . Matt im taking a look at futures. Right after yesterday, when we saw losses across the board, we are seeing indications of a positive open. The ftse in the dax indicated to open up 0. 3 . The cac about 0. 5 . Looks like we could have a reversal of yesterdays trade. I think there are probably more exciting assets to watch than equities. Guy i think theres a few things to Pay Attention to. One is the dollar. A week week for the dollar. This morning, the swiss franc is trading higher. Kiwi is trading higher. Euro is trading higher. We are in the midsixes now. That dollars story continues to be front and center. Out oft get the news the Trump Press Conference that some had hoped for to keep that reflationary trade on the road. Then we get janet yellen. What i
It rbs back in the red. The buildout british lender posted a loss. We asked the companys cfo about the numbers. Ananna we are less than half hour until the open. A bit of Risk Appetite out there. We saw asia but tire asia flat tire. Up. 4 on the euro stoxx 50. The domestic focused Company Getting a push by the bank of england stimulus yesterday. Lets get a look at some of the other assets. Asia tracking higher. It is down on the week but msci asiapacific has been managing to perform. Japan is basically flat but china has been pushing higher. The pound of higher, making up for the losses yesterday. Meanwhile, i want to keep a close eye on the u. S. Data,l important jobs will we see the Unemployment Rate fall . Keep an eye on the rand. The anc losing their power in the elections should elections. , it is all about anna lets bring that to our viewers. World bank of scotland has royal bank of scotland has posted a loss. A 20 80compared to Million Pounds profit a year earlier. Cfoking to bl
It is 6 00 in london. Focus on the jobs data. We will talk about the bank of england as well. We are getting numbers from european corporate as well as reporting secondquarter numbers. That income coming at eight at. If we look at Second Quarter offering profit, 2. 4 billion euros. The estimate was 2. 47. What it says is that its on track for its four year target. Im not seeing any detail yet on pimco, but i will dig into that. That is one of the challenges with allianz. This is one of the challenges since the departure of bill gross. Anna of course they have new capital restatement. He arrives on november 1. Onwill be speaking later during programming to the cfo of allianz, talking to was on the move at 8 30 u. K. Time. Thanks for taking us through the headlines. This is the Worlds Largest cement company, confirming their outlook for 2016. Operating adjusted coming at 1. 7 billion francs against an estimated 1. 6. Coming in for the Second Quarter at 7. 2 8 billion swiss francs, an est