A surprisenk posts profit after saying it made below the ratio target. The ceo joins us, dont this it. Dont miss it. Manus a little bit later on, joining us at 7 30 a. M. That isravity defying, the word used. You look at the numbers. Of 66 million, and revenue comes in at 6. 4 billion, beating the number of 5. 7. Undoubtedly, those are good numbers. They do warn that we might have a little bit of a problem. Nejra of course, we will get the full details scheduled for april 29. I do wonder why they said they may modestly and temporarily dip cet1 the target for the ratio. Otherwise, markets very much focused on the gradual reopening of economies around the world. You had a report from the who over the weekend saying that if you get coronavirus, it might not make you immune to new infections. He wonder if the market might be underestimating the prospect of early opening. In japan, after what we heard from the boj overnight. U. S. And european futures powerfully higher. We did see some gree
Lower. President trump continues his attack on the central bank saying a small cut is not enough airlines li s slide as lufta delivers a sharp drop in Second Quarter net profit and warns the market will be challenging for the rest of the year. And bayer warns its 2019 targets are becoming ambitious due to a challenging environment for its Crop Sciences business as it is linked to thousands of lawsuits here you have behind me a lot of earnings going on today in europe. Lets run you through some of the highlights on this super tuesday. Were in the thick of earnings season a number of blue chips have been directing markets, bp right there is trading near the top of the stoxx 600 after posting a beat on the bottom line. Up 3. 2 this morning in germany bayer described its fullyear targets as increasingly ambitious in the face of challenging conditions and legal action bayer stock is down 3 lufthansa has posted a sharp drop in Second Quarter net profit amid tough competition in the European
Oracles cloud revenue surging by growing ai needs. The boeing challenge citing delayed aircraft deliveries, rethinking the 2024 financial forecast. Lets begin with the Market Reaction to cpi. We mentioned a tenth hot at. 4. Shelter and gas 60 of that. Surprises in here, mike. Apparel up. 6 , a topic of discussion. Yes. I think what the market did, there was a quick reflection when they said, okay, this is hotter than expected. Stocks back up. Then the rethink was, well, the things that matter and that will translate into what the pce inflation number is going to say combined with how high a threshold was set by powell last week for changing their premise that they are preparing for likely rate cuts in the summer. I think all that fit together. The core services, stubbornly firm, inflation readings there, dont translate that the pci will go in the same direction. Thats part of the mix. We are also geared for shelter being stubborn. You didnt see the uptick like we saw in january. All th
The firm cites challenges in its crop science and Consumer Health divisions. A hunger for going public. Food Takeaway Service delivery hero rises in its frankfurt stock market debut well speak live to the ceo, Niklas Ostberg on how the company will navigate a crowded marketplace. Good morning its friday. A quick look at the markets in europe were modestly higher to the tune of 1 we are set to end the month of june with the biggest monthly loss in one year off 2 for the stoxx 600 in june following four months of gains maybe all these worries about tightening weve seen. When it comes to the sectors or the markets, the ftse 100 is off by 0. 3 . The xetra dax is down 0. 1 the cac c40 is up by 0. 3 lets get to our guest, mike bell from jpmorgan do you think theres too much concern about some of the tightening by banks . I think theres been a bit not enough focus on the ecb statement and what mario draghi was saying i think they will taper. What he was emphasizing is two thin things firstly
109. 6. It has also seen the Current Conditions index at 118. 4 in february. Reuters consensus was also for a lower number, at 116. 7. So well and truly beating on a number of different lines today. In terms of the expectations index, 104 seen in february versus 103 in a reuters poll. So it is showing us conditions are coming through strong according to sentiment in the economy of germany. Euro this morning has been trading weaker. We are down about a third of a percent. Lets take you through some of the European Market action. The ftse climbing 0. 2 . Above 12,000 on the german stock market. The dax has been trading higher, the highest point since april 2015. So very firm start for german stocks. Italian stocks are fading. This morning, shares have hit a 14 month high, earnings driving some big reactions in europe. Shares in Lloyds Banking Group Getting a boost after profit hit a tenyear high in 2016. Lloyds reported pretax profit of 4. 2 billion pounds, about three times what it repo