By train to speak to commerzbank s ceo. Our cost cuts working for this german lender . Futures are positive for europe. We are in the thick of the corporate earnings season. We will be focusing on those corporate stocks. We have a positive start priced in for equities, castrating starts shortly. The story you need to take away is the dollar continues to remain bid. The euro is on offer. The greek market down by over 2 . Let me show you how the bunds are. The market getting more bid. Bit of aing a little fluff in the market but we are back to where we are in bund yields. The yield is. 296. Lets get a bloomberg first word news update. Societe generale has reported fourthquarter profit that exceeded estimates. Their income were 319 Million Euros to my down 41 from a year earlier but above the 350 million euro analyst estimates. The french lender announced plans for an ipo of its car leasing business. At the same time its deputy ceo told bloomberg why he is not concerned about the socalled
Bank of greece governor. And a Swiss Company a Johnson Johnson takeover target. In athens guy lets talk about why we are here. Be speaking tos the governor of the bank of greece. He sits in the ecb as well. We need to have a conversation about what is happening on the ground in greece, which talking to ceos, they sound positive. A big rally in greek assets. Then we come to the ecb. Thinking about the big questions. The meeting on the eight. What is it ultimately going to deliver. That is what we are building up to. The ecb, a lot to think about at the moment. Anna a lot to talk about. Lets have a look at where we are expecting to open. Half an hour until the start of the European Equity trading. Asian session has been decent. Indian equities up. Movement,ting contrary to the direction of travel. Since the victory of donald trump, the story has been of the strong dollar. The euro, up 0. 4 . The ecb story factoring in. With this story, we are watching what is happening on the bond market
Volatility. We speak to the head of its us mari. Good morning. Less than half an hour from the european open. Lets look at where we sit. Looks like a mildly negative start. Asia got hit hard overnight. Not seeing that in europe at this moment. Down by 0. 2 . The dax, a little underperformance coming through from that. Asia really in focus. It does seem as if the dollar is dictating everything right now. Matt or Central Banks. If you listen to bill gross, what an amazing story. The japanese 15year yield now at 0. 01 . The 10year yield in jgbs hit a record low of negative 0. 15 . Now we are seeing maturities on the way out to 15 years go negative. The nikkei down 0. 4 . It had been down moore earlier in the session. Little bit of a recovery there. Here you see silver. 17. 2675. It has rallied so hard in the last week or two. It is now giving a little bit of the gains back today. Brent crude, right now down about . 34 a barrel. Wti off as well. That will give you some directional ideas of
2013 bill gross says record low yields are not worth the risk. Socgens net income beats estimates and rises over 8 . The deputy sees tells bloomberg the french bank also receiving the brunt of brexit. Today the risks are still very high. Decision is creating an additional uncertainty. Caroline we are less than half an hour away from the european open. We are going to be digging into what we see in terms of the market futures. Overall keep an eye on where we are trading. Are up. 2 at the moment, perhaps not the risk aversion we saw flow into asia overall. We are starting to see some hope looking forward after the significant selloff we saw yesterday in the Banking Industry could what a slump, down just industry and what a slump, down. 3 . Lets have a look at the workers were news with juliette saly. Juliette caroline, thank you. After taking a pounding, Global Oil Prices is set for a violent reversal upwards. That is the story and a hall is telling investors. Story andy hall is telling
Volatile bonds anna we will be digging into those commodity stories, but in less than half an hour to the european open, lackluster if you are looking at risk appetite. Calm before the bank of japan and fed storm tomorrow, off by 3 10 of a percent. New female news as a takes them for glaxo in march. Guy lets talk about was happening to the gmm. Great way to start your day. Great gains yesterday for equity market, the ftse outperforming, doing solid business yesterday to the upside. Today, the focus is going to shift toward whats happening with the central bank story. The yen is on the move. Fx markets are reasonably calm, the little bit of strength coming through against the u. S. Dollar. Zinc also on the rise, up by 2 . Well really dig into the commodity story a little later on in the program. A great conversation coming up, the relationship with equities front and center. I want to quickly show you Deutsche Bank, with whats been happening at the selloff. Stabilization, but we will wa