Manus you are welcome. This is bloomberg daybreak europe. Our flagship morning show. I am manus cranny in the city of london. Anna edwards is on her way to the Supreme Court on the article 50 rolling. This is philips which has itselfed it divested an organization. The Fourth Quarter adjusted comes in at a billion euros. In line. It is a slip below. A billion euros is what we earned in the Fourth Quarter. It will maintain a dividend of 80 Cents Per Share in line with what the market had anticipated. They still have a shrew a huge the diagnostic business what will happen with it in terms of the u. S. From once to make America Great. Will that force people to buy shares in something other than phillips. Have a conversation with the ceo very shortly. Market, there is one pervasive theme. The dollar is offered. It all comes back to last week donald trump talking in the wall street journal and overnight it treasuryews of the secretary nominee. From time to time an excessively strong dollar,
25 jump in earnings and vowing to restart its dividend. Happy holidays for intercontinental. Shares rise as the hotel group increases its dividend on higher fullyear profits. The ceo tells cnbc the impact of sterling weakness is muted. It had marginal impact on us on the year, it reduced our overhead cost on sterling, but we had an impact on revenues because were dollarbased, report in dollars. As far as the rate, very little amount. Good morning. Lets kick things off with a bit of data for the eurozone, that looks to be stronger than forecast. Market february flash composite pmi came in at 56 versus a reuters pole of 54. 3. This 56 print, that is the highest since april 2011 that follows upbeat data from germany and france this morning. In germany, private sector growth the fastest in three years, and in france, the composite pmi at the highest level since 2011. Interestingly enough, also prices rising. That obviously could crimp growth going forward. Now by in large it looks like a h
Ban and a bill to replace obamacare. Interest rate increase next annd almost certainty almost a certainty. The big australian lenders back in the spotlight as lawmakers get tough on banking comebacks. Breaking news has come out of manila. It is the Consumer Price index, inflation 3. 3 . That is an annualized rate, economists expecting an increase of just slightly less. Still giving a little bit of wiggle room for the central bank there in the philippines straight thats where we go at the moment. Thats right for a potentially the fed does not have ahead of next weeks meeting. Market very richly pricing in, that the high could come at a margin. Of a direction, a muted session in asia. Tracking those losses we had in the u. S. Action, we are 30 minutes away from that market open in china and hong kong in the meantime thomas r, thailand, malaysia 23. Lets get the latest from Sophie Kamaruddin on the markets. Are seeing caution prevailing today, korean stocks leading gainers in age despite
Jonathan coming up on this program, we had an important conversation with jeff currie. That is all coming up a little bit later. Softer,a little bit negative four points on the s p 500. A marginal move to the downside. Follows thats as yields lower by a basis point. The euro down a dollar six cents. It will lower by about 0. 1 . David Major Development in washington just sense since yesterday. We are joined by kevin up on capitol hill right now. Start with the Health Care Plan. Ryan House Speaker paul finally unveiling his plan to repeal parts of the Affordable Care act. It will keep some key parts of obamacare preexisting conditions in providing health care to folks. That said, the story line is whether or not chief Party Members will fall in line with this. It could be the battle the first battle that Speaker Paul Ryan will have to battle to keep his party in line. The House Freedom caucus is already speaking out against this including some tea party g roups. They cannot advance the
Those production perks. Its 8 00 a. M. Across the emirates and 5 00 a. M. In london. Less in am david eating hong kong where it has just gone past midday, midweek session, equities. Dollar on the back foot. It is really in the bond space. Yields on the way down across the region here. Let me just point out one of my charts right here, it really a has you shows you been up. Oil has been up as has the yen. But the help all of that compares when you normalize things in the volatility. We are talking about in that yellow screen. From monday. P yousef, very interesting times. Yousef risk appears to be coming back, gradually. Just a little bit camp or two yesterday. This part of the world is just under two hours away from the emirates market. Dubai and up with dobby, this is the state of play. Interesting that dubai and abu dhabi, this is the state of play. Consumer discretionary spirit the tadawul is down 2 10 of 1 . We are seeing a spike in activity in dubai. Still down if you compare it t