Why executives at Global Investment banks in london expect the u. K. To lose its 570 billion business after brexit. Caroline it is looser for longer. Less than half an hour before the european open. Looks as though we can add fuel to the Risk Appetite fire. We can take a look at how futures are trading, up. 4 . No significant moves. Saw the s p 500 surged about a percentage point yesterday. Nejra caroline, the gift that keeps giving the Central Bank Says youre talking about equities for futures. We have been seeing gains in asia. The Msci Asia Pacific index gaining 40 sixth day. A different picture than test for a sixth day for a sixth day. You can see at the end of might gmm function, youve got the commodities gaining. Youre not seeing oil but i can tell you oil is rising after we got that Inventory Data out on the u. S. In terms of what is happening in the fx market, you can see the Bowe Bergdahl index up by. 2 . The dollar weakening for a second day you can see on the Bloomberg Inde
Welcome to countdown. Anna welcome to the program. It is 6 00 here in london this wednesday morning. Carlsberg reporting numbers this morning, and if i give you the organic net revenue number in the Fourth Quarter, that came in well above estimates rising by 5 . The estimate was 1. 8 . It is well on track, talking about further reduction in Financial Leverage in 2016. As the overall profitability of the business, excluding various items, also coming in above estimates at 1. 4 billion kroner. Fell, though, 4 . And that was a bigger fall than had been estimated, the estimate was for 2 . This is a business undergoing a big restructuring, cutting back jobs, closing various breweries after years of various declining profit. Russia has been the key focus, turmoil in ukraine, that has really taken a chunk out of the business. The ceo will be speaking to our colleagues on surveillance. A very specific time, the relatively new ceo at carlsberg will be joining us just after 10 00 here in london.
It, but lets go to first word with julie. Cane neither from runner win the nomination outright today. Donald trump and Hillary Clinton read john kasich was with a slightly to overcome. Polls show donald trump with a doubledigit lead in florida. A big loss there for marco rubio can put and end to his campaign. Clinton is expecting to increase her lead in the race. Russia says its forces have started leaving syria. T puts the pressure on his on syrian Bashar Alassad. From kimh talk jongun. Tovowing to dedicate detonate another nuclear warhead. He says he will test launch a Ballistic Missile capable of carrying one. It is a sign that the sanctions have not dampened his ambitions to build a longrange nuclear missile. Matt we are coming down a little bit with s p futures down 10 points. If you take a look at the s p year today or all of the majors year to date, we are only down about 1 after climbing a bit yesterday. The nasdaq off 5 . Stock taking the bigger hit with the other indexes basi
Thats starting to play out in what weve seen in gasoline prices. Michelle . Among the top stories, cybersecurity is in focus. SeaGate Technology has been hit by hackers. A fishing email scam resulted in the Data Storage Firm releasing tax information, salaries and their Social Security numbers to an unauthorized third party. Seagate tells cnbc that the data was sent by a seagate employee who believed the phishing email was a legitimate internal company request. Apple mac users have been targeted by ransom ware. What happens is the software steals your files, encorrupts them and then asks you to pay money to get your data back. The asking price for infected users in this attack is one bitcoin, which at this point is about 400 bucks. We told you on friday that amazon decided to drop encryption from its fire operating system. Now the company is backtracking saying it will restore the encryption after customers and privacy advocates complained. People inside and outside of the world of pol
It aint no fairy tale. These are blockbuster trades on the mouse house. The action be against right now. Lets get right to it. The reversal in the retail space today, the longest weekly losing streak since january. Macys called jcpenney reporting next week. Is it about to go from bad to worse. Carter, whats your take . Its not a great space. What we know that even though its above its own januaryfebruary plunge lows, if you look on a relative basis, look how the xrt is trading to the s p, its almost at new relative lows. But the a lot of the soft apparel names are struggling. A lot of Marquee Brands you would expect to be doing well are not doing well. Gasoline is starting to move back up. Thats going to be another issue for this group in aggregate. One of the issues, though, when i look at this, it would be an awfully tough short press right here. A lot of these stocks are getting pretty cheap. You have to feel like a little bit of good news could cause a sharp rebound, i think. I don