Welcome to daybreak europe, our flagship morning show here in london. Im manus cranny. Matt and im matt miller in berlin. Manus good day to you, good to see you. It is risk off by a variety of measures, but none more so prophetic than this. Btb, 7694. Euroyen, dropping for 11 straight days. That is the longest losing streak on record. What are you looking at . This is the 200 day moving average. We managed to close below the 200 day moving average, a whole variety of issues. Syria, tillerson going to russia, trade fractions between the u. S. And china, and the french elections. The risk reversal i know you plot the binomial distribution curve of risk reversals it is the lowest since brexit for euroyen. The consensus is we will be 121. Matt . Matt manus, they say genius minds run on the same track. Most of our viewers wont believe we dont plan this, but the first thing i thought of on the risk radar as well with euroyen, because of the amazing run we have seen. Here you see i have the s
Manus welcome to countdown. Anna welcome to the program. It has just gone 6 00 here in london. Lets get straight to these baking raking numbers. The fullyear profit at ryanair has missed aphis estimates. Ryanair fullyear net profit has come in at 1. 24 billion with investment of 1. 28 billion. The revenue number has come in at 6. 45 billion. Average fares are down by 1 with unit cost excluding fuel down by 2 . Their specter to give something of a cautious outlook. Some rehab headwinds facing this particular industry. The fullyear 2017 net incentives have been 1. 47 billion so it looks like ryanair is guiding the consensus number of little bit low. The company is saying 2 better looked year on year for the peak summer months. We will get a chance to talk about how the summer is looking for ryanair, what the impact has been in paris and brussels. Olearysl get mark thoughts on what happened to the egyptair flight. Theres a lot to talk to him about. The topline line fullyear profit just mi
Did the grim survive . Groom survive . Mrs. Ine i am an official but i and sticking to my name. We are getting breaking news coming in line with estimates. Rate,is the unemployment compare that for germany at 6 . Cpi is what we really wanted to. 1 . N, coming in at this is the fourth month that we are seeing negative inflation, deflation across the eurozone. In line with expectations, no move on the euro. Tom one of our themes this morning as price change, inflation, disinflation, and outright deflation. To get your workweek started, here is vonnie quinn. Koreas latest attempts to build a Ballistic Missile appear to have failed. The tried to launch missiles in violation of the United Nation resolution. Better relations with the philippines under its new leader. The chinese president sent a congratulatory message to the philippines incoming president. He says he hopes they can Work Together. To put relations on a healthy track. Iraq, Government Forces are making progress in their attemp
Will yellen hide behind the brexit . Is july still a like still a likelihood . U. K. Time. At less than half our way. A couple of things happening. We are going to see a bounce in europe in european equities. The u. S. Markets are called into negative territory. We will see if that changes a little bit later on. At the moment, it doesnt seem we are going to see a higher open in europe and a lower open in the united states. Matt. Matt take a look at what is going on in china, i look at the nikkei. It rallied up from losses overnight. The shanghai composite really turning around. Big down index because of the msci, and yet it comes back at the end of the session. Heres the 10 year bond looking fairly positive. It had been negative five 1000th of the percent. It looks like we are back to a positive yield. I wonder how long that will last. I guess it depends on the brexit polling numbers that come out. You see the pound, a little bit of a gain. Being led around by the nose by polls. To the
I im in edwards. Manus and im manus cranny. Anna this looks to be a touch above estimates at the ebit level. The Second Quarter netted 312 million euros. This is a company we have to talk to about brexit. This is a business that operates in the u. K. What will they have to sell . They have said they will continue to invest in the u. K. In the immediate aftermath of the brexit vote. Two of their competitors merged in the u. S. Recently. We will be speaking with the asset manager at 7 15 u. K. Time. Manus the swissbased drugmaker netted 5 billion, just ahead of the estimate of 12. 2 billion. Sales will be broadly in line with the prior years. They are driving unchanged for the rest of the year. The core earnings came in at 23 billion. They have a huge amount of generic competition coming through. You can see Second Quarter sales beat on the headline earnings. The guidance is broadly in line with last year. They delivered a solid Second Quarter, despite the risk on aspect. This is one of