Well as in london. We begin with a biggie week a busy week for Central Banks. Bank of japan says they will take on unlimited buying of Government Bonds, lifting the cap also on corporate holdings. I, he joins us now. , kitchen sink, we are still throwing it. Michael Central Banks are all as string the question of what you do when you have throwing the kitchen sink. In the back of japans case, you just make the sink a little bigger. The bank of japan already has negative rates, Corporate Bond and etf buying, and an emergency Lending Program, so they just decided to make those programs a bit bigger. Unchanged at rate 10 basis points. Remember, they do yield curve control. They mentioned they would buy as many Corporate Bonds as they need to and expanding access to its Emergency Loan Program for a wider range of banks. For analysts, theres a bit less here than meets the eye. They dropped their ¥80 trillion limit on Government Bond buying, but they werent buying anywhere trillion, so it d
More positive. Barclays misses First Quarter estimate with 2. 1 million in credit impairments investors navigate unprecedented conditions caller what they are doing at the fed in terms of her majestys and the banks. Well watch two tsunamis hit at the same time. Investment banking provides a boost. Telling cnbc credit losses are manageable despite more pain to come this year will be more difficult than any of us anticipated. We are doing anything we can in anticipation of our risks and costs to preserve the capital that we can. Airbus blaming limited visibilityas 60 aircraft could not be delivered due to the outbreak not as bad as advertised shares of alphabet rally after the Google Parent Company said the slow down is easing, beating more pessimistic forecasts a very warm welcome to street signs this morning. Lets get a check on the european markets trading in the green. It has been a choppy session we saw the stoxx 600 slip below the flat line now. The ftse 100 up about 1 we have the
Worlds largest plane maker surpassing boeing. Questions mount over Carlos Ghosns escape his lawyer will hold a press conference on january 8. Good morning, everybody. Happy new year and thank you for tuning in to cnbc. On january 2, a lot to get through today. We are getting the final eurozone manufacturing data for december that comes in as a whole higher than the flash estimate coming in at 46. 3 versus the initial estimate of 45. 9 the manufacturing down turn deepened towards the end of 2019, we are seeing signs things are beginning to stabilize at least in the right direction in terms of individual countries just before street signs started, we would have had the final manufacturing numbers that came in at 43. 7 versus 43. 4. Germany is one of the reasons. The ago ra gat number is higher and france coming in in italy, coming in at 46. 2 versus the estimate of 47. 6. We are looking at better numbers for germany and france, worse for italy. On the whole for eurozone, the numbers are
Alphabet and amazon report. Nejra welcome to daybreak europe. It has just gone 6 00 in london. Earnings onslaught is a great way to describe it. Roche numbers are coming through. At 30. 4lf sales come in 7 billion. The estimate was 30. 53. First half core operating profit. The red headline, let me get to that. View toits sales growth mid to high single digits. Thats very interesting. Raising its sales growth view to mid to high single digit. Thats the red headline on roche. At 11. 1. Comes in the estimate was 10. 65. Thats a beat on first half core eps. Core operating profit for the first half comes in at 12. 36. The estimate was 12. 16. Theres a beat on some of the numbers. The headline you want to focus on is the fact that its raising its sales growth view to mid to high single digits. There were some pressures whether it wouldve raised guidance a second time this year. To the ceowe speak of roast. Dont miss that interview at 7 30 a. M. London time. Dani burger is standing by with th
There is no need to panic but is he really right . Billionaire tom steyer making it official, he is in the 2020 race after all, but could his billions lead to a backlash from democrats . After all remember what happened to the guy who founded starbucks . Stocks sliding as investors fear that maybe rate cuts are not a gimme or certainly as generous those rate cuts were thought to be a little more than a few days ago. Gerri willis at the New York Stock Exchange on what has investors spooked. Gerri . Reporter really, neil, a ralph of investor worries pushed down stocks this morning. The biggest concern the fed cuts rates at its july meeting. Jerome powell may give hints when he speaks to congress tom. Strong economic numbers created worry that the fed will back off a rate cut. Fed funds futures pricing in one rate cut later this month. Chances after quarter point rate cut . 93 . Tensions with iran taking a toll as iran threatens to extend the breaches of enriching uranium set out in that