By train to speak to commerzbank s ceo. Our cost cuts working for this german lender . Futures are positive for europe. We are in the thick of the corporate earnings season. We will be focusing on those corporate stocks. We have a positive start priced in for equities, castrating starts shortly. The story you need to take away is the dollar continues to remain bid. The euro is on offer. The greek market down by over 2 . Let me show you how the bunds are. The market getting more bid. Bit of aing a little fluff in the market but we are back to where we are in bund yields. The yield is. 296. Lets get a bloomberg first word news update. Societe generale has reported fourthquarter profit that exceeded estimates. Their income were 319 Million Euros to my down 41 from a year earlier but above the 350 million euro analyst estimates. The french lender announced plans for an ipo of its car leasing business. At the same time its deputy ceo told bloomberg why he is not concerned about the socalled
Billionaire investor bill gross calls for two rate hikes from the fed as soon as march. Will september be worse than august . Good morning. Welcome. Where less than half an hour away from the market open. Let me take you to the bloomberg and show you where the open is going to be. We think it is going to be a positive one. A ftse that is up by. 5 . A cac that is up by. 3 . A similar number for the dax. Let me take you around the world with the gmm, show you what is happening. These are the markets that are opened. Hong kong is up by. 7 . Singapore, higher. A move in the austrian twoyear, keep an eye on that. The Australian Dollar is up by. 2 . Zinc is higher. Led are hot lead is higher. I am keeping my eye on what is happening in china. Copper, an interesting story. Lets get you caught up. Here is the Bloomberg Business flash. David we have to talk about donald trump. He has reiterated his plan to build a wall on the southern border of the United States and send mexico the bill. He wil
After investors weigh a slew of a lot ofeuropean banking stocks under pressure, 1. 8 lower. Australian Central Banks also cutting its benchmark Interest Rates to a record low lsd door opens for further easing unless the door opens for further easing. Lets get straight to the bloomberg first word news with mark barton. Mark chinese manufacturing flip today. Underscoring pockets of weakness in an economy. 49. 4 . Fell to Australias Central Bank cut its its market just rates to a record low. The unexpected move the aussie dollar weakens on the move. Its bad loan charges surging, profits fell from 7. 1 billion earlier. Badr bad loans loans. Net income fell to 707 million. That fell short of the 735 million frank. Chief executive told bloomberg uncertainty as well as Global Market volatility led to more pronounced risk aversion. We are seeing a very challenging environment. I think this cocktail of macro issues, geopolitical issues are coming on and we are going to see soon brexit. We are s