Anna welcome to the program, this is bloomberg daybreak europe. Were in the midst of earnings season. Nomura,numbers from Third Quarter Trading Profit ¥87. 7 billion versus 108 y. 4 billion the previous time. This is in comparison to same quarter the Previous Year rather than in comparison to estimates. ¥530. 6 billion. Revenue moving higher, brokerage commissions moving higher. Investment banking fees moving higher, Asset Management fees moving higher as well. So the Trading Profit moving to the downside. We seen from a number of angst concerns about fixed income trading. How much has retail and Investment Banking offset any weakness in that fixed income trading . Thats the question going into these numbers. Japanese stocks have been rallying. That could be one of the reasons weve seen brokerage commissions doing nicely compared to this time the Previous Year. Novartis, ande this is what russia has delivered. Inther dividend increases swiss franc. The core earningspershare is a ins,
Very good morning, everybody. Warm welcome to daybreak europe. Lets check out the markets. Picking up where we left off. The mse i asiapacific eating out further gains. We touched alltime highs in the United States in fridays session. We did have some action to talk about. , a yen is steadier now little bit weaker against the u. S. Dollar. We have seen a move higher in the japanese currency. Had the bank of japans governor corona guided the market higher, when he was at demos, apparently not. He was not changing his stance, changing his forecast. Busy one. It will be a we have a dollar a little bit stronger, which makes a change after seven weeks of losses. It will be a busy week. Yellen is in her last week of the fed. Lots of data including jobs data and a state of the Union Address i President Trump. The metal price for you, this is zinc. We could have shown you others, the zinc is up 2. 3 . Because of the weeks dollar affect, lme inventories coming down and thats something that is f
Anna welcome to countdown. Im anna edwards. Ryan im ryan chilcote. Anna at 6 00 lets have a look at the tech sector. Lets start with apple, because i have a chart here that shows the afterhours move we saw this was even after the Company Reported a record thirdquarter profit number. Revenues were disappointing. Ryan this threatens to remove again that apple saw that huge rally of almost 10 . It could be one of the biggest losses ever. Anna more generally, this was the biggest tech rally since october. Will that change in the session today . We have lots to talk about. Apple was just one of a few tech giants that reported in yesterdays session. That came afterhours. Lets get Caroline Hyde and paul sweeney. Great pleasure to have you. Lets continue the conversation with apple and what it is. Caroline its phenomenal when you put it in perspective we could see 66 billion dollars worth of its market cap erased. In perspective, that is more than bmws entire market cap. It is a record thirdqu
Topsyturvy trading going on. Bit daytoday was a little weaker. I didnt think it was that horrible. Kirilenko 14 jacob guy if you 14 . Caroline guy if you cant if you really think about how we got to that number there are mitigating circumstances but the u. S. Market essentially bounced back toward the close yesterday so we did see a largely positive and to the day. 5 could see we were up by and the average was up by a 4 10. The equity markets did not feel like they got knocked but they have had some bad days. Caroline and it is easier to see such volatility when you have volume 15 below the average of the past three months. House end it was the builders that managed to fuel that resurgence. Guy chance that everybody is talking about and i have read my third article now the producer pointing another when out this morning is this chart here. Post china seems to have got everyone thinking. It is basically equity markets continuing to rise but highyield credit on the way down and it is tha
Ripped up. The are checking the biggest gain in u. S. Equities in four years. Francine yes they are. That rally came after a selloff. Overnight, chinas benchmark index posted a 5 index 5 gain. Lets get context. Mark barton is back in the house. Things are wrapping higher. The feds magic discussion did the job. Fedo the mark u. S. Caused the big rally in the united states. He spoke yesterday. In an unexpected comment, you have to say, he said from my perspective the decision to begin the normalization process seems less compelling. The keywords sit is desperate keywords less compelling. Getting close. Is the six days that preceded this rally. Yesterday, prior to the s p 500 fell by 11 . Its sunk by 11 yesterday. It rose by 3. 9 , biggest 2011ase since november 30, all because of his comments. Trade reducing the probability the fed will raise rates to 24 . 18th, the odds were 28 . We are going to have technical fun here. Look at the emerging markets index, this is a oneyear chart. I want