Its more than 100 years old and has been successful in treating diabetes. Now they have struck on to this, it has suddenly taken a whole other dimension to it and it is now by far the most valuable company in denmark and europe and also something that is setting a big mark on the danish economy, without it we would have no proof at all. Now we have pretty robust gdp growth compared to peers. So, its a big business. Big compared to peers. So, its a big business. , ,. , compared to peers. So, its a big business. , h. , business. Big business and success sto , business. Big business and success story. Great business. Big business and success story. Great news business. Big business and success story, great news for business. Big business and success story, great news for the business. Big business and success story, great news for the danish i story, great news for the danish economy. We should remember its a private firm and the government is not yet prepared to step in to help boost pr
And apple and amazon lead afterhours gains after the iphone maker beats expectations and the ecommerce giant beats record profits. And sony reports its best ever Third Quarter profit and forecasts a full record year the results come as the ceo, kazuo hirai announces hes stepping down. Welcome. Lets look at these markets. The stoxx 600 is on the defensive, sliding by 0. 7 as you would expect, after the deutsche numbers, the banks are leading the losses here over in europe lets take you through Deutsche Bank very quickly. Posting a net loss of 2. 2 billion euros for the Fourth Quarter. Much worse than expected the yearend number was really the issue here almost a a500 million euro loss. The third consecutive loss for Deutsche Bank. Lets look at individual european markets, this is how they look. Broadly weaker as you would expect xetra dax is off by 1 cac off by almost 1 the ftse mib down by 160 points. The ftse 100 in terms of the overall picture is doing reasonably well. So the loss is
Anna a very warm welcome. This is bloomberg daybreak europe. Manus delivering the numbers. Francs,ion swiss penciled in by the market. Through, 22. 1 percent. Global growth will remain strong in the Fourth Quarter. Withue coming in line estimates. In terms of the net income looks to be a bigger force. The Global Markets division that we will break down. The trading divisions at parabas and barclays came under pressure. Some breaking news. Numbers are getting from elsewhere in the financial sector. Ing giving firstquarter numbers beating estimates. Underlying pretax profits to billion euros, the net income number 1. 3 8 billion euros. In the Third Quarter, that is above the estimate. A ratio of 14 point 5 . This is the biggest debt to lender, ing and the business is cutting costs to ease pressure on revenue because of the low Interest Rate environment. When youre into the plan they want to achieve 900 Million Euros annual savings by the end of 2020 one. They are limiting jobs and invest
One to watch today but if you look at the initial signals, we are lower on the stoxx 600. It was a strong session yesterday for the dax up close to 1. 8 , clearing fresh hurdles, well above that 13,400 level rough day to follow up on some of though gains. Lets see what were seeing elsewhere. Telco is at the top, healthcare is at the bottom most of the markets really showing sectors are declining out of the starting position in terms of that sector, couple of reports in there including sanofi the overall picture is a weaker one. Just outpaced to the down side by travel and leisure sliding by a quarter of a percent basic resources, a slightly weaker start up by a quarter. Utilities off by 0. 2 . The others, media stocks, weve had that sector trade down by 0. 10 . Utilities down slight declines in the early start of the session wayment to get to retail quickly. Next is falling again after a horrible trading session yesterday on the back of its concerns around unusual volatile patterns in
Powerful pmis. The European Manufacturing sector powers on with german and european pmis hitting a sixyear high. Good morning, everyone. Were back from a long weekend. We have plenty of data to get through. Want to tell you about the eurozone factory activity hitting a sixyear high in april. The eurozone final factory pmi is at 61. 7. Inflationary pressures stayed quite strong. Lets tell you what the european markets are doing. Were higher to the tune of a quarter percent. Euro dollar at 1. 0904. Lets look at the european markets one by one. What were seeing is that if we can swap on to the indices. We are broadly higher across the board. The cac 40 up by a quarter of a percent. Ftse 100 up by twothirds of a percent. The xetra dax inching higher to the tune of 10 points. Lets get back to the bigger stories. Ocado shares surging to the top of the stoxx 600 on reports of a tie up with marks and spencer. Better than expected numbers are lifting Aberdeen Asset management and bp. Lets show