Manus welcome to bloomberg daybreak europe. Energyue of renewable and writ energy, one of the most valuable companies on the german exchange. That income, 857 million euros. Outlook forhe 2017 the company. They dont see the uks retail during Generating Positive earnings. It is the valuable most valuable utility in germany. Will it become independent . These are the top lines concerning the 2017 outlook for this year. They dont see the u. K. Side of the business to let generating a process on the adjusted basis. Net income, 857 million euros. That is the press report as we close off a heavy week of reporting and the European Equity markets. Lets talk about global markets. This is a game of chicken. Potentiallyng at the situation developing into this generations cuban missile crisis. The president of the United States morning the north koreans that if they follow through with a missile threat, they will face Something Like they never thought possible. What is it going to markets . Have a
Im adam edwards. Anna edwards. Manus lets kick it off with Credit Agricole in france. Euros, belowlion the estimate of 315 million. The focus is on the french Ranch Network and the focus on mortgages and how much theyve mortgage by french customers refinancing their mortgages. This is a bank that we focus on greekre market after the crisis. The ceo is expanding areas such as Asset Management and record low interest banks have been taking their toll. Downmonth they had a right of the french bRanch Network after a massive mortgage refinance. Consumer swapping their mortgages. The headline coming through on the fund manager majorityowned by Credit Agricole. They will reduce their state to 70 . And they have plans for Capital Increase in march or april of next year. Talk about the dutch lender 70 owned by the government. . 84 and a total dividend for the year, they are happy with that. A capital ratio of 17 at the end of december. Think back to what Deutsche Bank and Credit Suisse are tell
Strengthen economic ties. How important is a pivot toward america for the british economy . U. K. Job stated due at 9 30 a. M. London time. Watch the wage component. Opel in discussion to sell. What willestion is tsa get out of that deal . Are less than an hour from the european open. An exciting day across asset classes. Futures pointing to a positive open across the continent and in the u. K. We do have a little bit of weakness in the pound as well. Maybe that adds to some upside in the ftse although yesterday the pound was down and the ftse was down. Here. Look at bunds we have a brief dip down, bund yields are back up in positive territory at 0. 369 . But briefly dipping down. Very interesting to watch, it will not be as interesting to watch as treasuries are the story in the u. S. But still, keep your eye on what is going on in european fixed income. Guy absolutely. Banks, banks, banks. That is the story. It will be fascinating to see how the European Space of his this morning. We
The former u. K. Prime minister slams Theresa Mays Brexit plan as unreal and overoptimistic. Good morning. This is bloomberg surveillance in london. Our guest host we will get to him in a second, but we have breaking news out of norway. This is the norwegian wealth fund. Returns are about 6. 9 . Normally, the sovereign wealth fund, very invested in oil, diversifying into other parts of the world, for instance real estate. They were able to return 6. 9 percent. Objectively speaking, that is not bad. Lets gobout stocks, to your data check. It is 9 00 a. M. In london and caution seems to be creeping into a lot of Financial Markets ahead of Donald Trumps address to congress. A rally in tokyo melted. Yen strengthening a touch. , 112. 41. N after a losing streak, i wanted to watch for vix. Until the french elections, that is one thing we need to watch out, at 12. 18, a touch higher. Here is nejra cehic. Nejra billionaire wilbur ross has been confirmed as u. S. Commerce secretary by the senat
A very warm welcome to bloomberg daybreak europe. Im anna edwards. Manus a little bit of breaking news coming across the bloomberg. For your revenues come in at. 7. 3 billion euros this is of course one of the leading Delivery Companies around the world. What they do in the world tells us how healthy the economy is. Terms ofpost rises in web shopping. Thats what is driving the numbers for the fourth order. Growth in ecommerce and a great christmas. Operating profit up 1. 4 billion euros up from year ago. It matched more or less with the market was looking for of 1. 1 billion euros. Thats what the market was looking for. We will have a conversation with the georgia post ceo in about 30 minutes with the Deutsche Post ceo in about 30 minutes. Lets talk about whats happening in the u. K. Today. The house of lords vote yesterday, we watched the article 50 process as it looms large. The chancellor will deliver his budget at 12 30. Is, do youquestion want to be long sterling going into the ch