The postelection risk rally faltering. Of good morning, everybody. 7 00 in london. Eight in paris or berlin. Lets have a look at the equity markets. Look like europe this. Negative. This is indicative of what we have seen on u. S. Futures or are seeing. U. S. Futures down 0. 5 . Nasdaq futures off their lows but still pretty negative. We are losing our nerve on Global Equity markets. Three days into this neverending election account it seems, the context of course is important. The rally we have seen must have been forgotten when we look at nasdaq futures, up nine, down one. Lets have a look at the gmm. Going on other things here. Oil prices are interesting, down by just over 2 . Dollar, not all about what is going on the dollar. Inflation trade unwinding. Investors wait, the electorate in the United States waits for the counting to continue. The race for the white house is still too close to call. Counting continues in crucial swing states with joe biden catching up in georgia and pen
Being reported in the countrys financial and Business Capital of milan Major International events such as milans fashion week are scaled back all cancelled outright schools and universities are closed and passengers on International Trains out of milan are being tested for the virus the epicenter of the outbreak is lumbered the authorities there have put several towns under quarantine affecting some 50000. 00 people stocks in milan and in front for chits 3 percent and the latest coronavirus p s. A some Silver Lining on the business horizon comes from germany 0 institute the latest Business Climate index for february came in at 96 point one percent thats better than expected and for more im joined now by professor t. Mo of almost was a senior economist at the center for macro economics and service good to have you with us please tell me how is this better than expected business and cement fit in with the current coronavirus. Yeah thats true it was a bit of surprise this morning when we
And the europeans need to take necessary actions. The United States has basically in my view for a shot itself in the foot by withdrawing from this agreement. Nejra netflix slumps. A drop in u. S. Customers and slowing growth overseas. Shares plummet in extended trade. In europe, watching for results from s. A. P. Welcome to daybreak europe, just on 6 00 a. M. In london. Numbers from novartis are coming through. Second quarter core operating profit, at 3. 65 billion. The Second Quarter core eps, 1. 34. Second quarter net sales, 11. 76 billion. 2019 guidance has been raised for the new focused medicines, and they named a president of pharmaceuticals. They see d sales up mid to high sigel digits. To give you more detail, the Second Quarter sales, 858 million, the estimate of 868 million. A little miss on Second Quarter sales. Were waiting for a few more numbers to come through. 2019 sales guides race for both for both raised units for novartis. Manus, what do we see in the broader market
Lighthizer to go to beijing in the coming weeks to get things restarted. There are three areas where they are stuck. The first of which is what to do with huawei. The president in osaka committed to president xi that he would loosen restrictions on u. S. Sales to huawei, which is a big demand from the chinese. The second piece is the president once the chinese to resume form sales, foreign purchases. That is about addressing one of his big political constituencies. Where youthing is start these negotiations . There are 150 pages of text they left in may, and it is unclear if that is where they start or they start all over again. David trade negotiations are always difficult but i do not remember the one where the parties do not agree what they agreed to. The president said the chinese have agreed to buy agricultural products, chinese said we have not agreed to that at all. Why can they not agree on what they have agreed on . Shawn that is one of the big problem and that is a repeat on
Chipmaker is writing the demand for cuttingedge semiconductors. We set we had asset mark, a that is your business flash update. Romaine if you are looking to chinese asset company, up 23 . Buy a maximum security vault in singapore to store all your you also had iheart radio, which precious blue diamonds, you in dropped 3 . Luck. The freeport, considered asias fort knox, is looking for cloud strikes and some some recent ipos. Potential buyers looking to spend 74 million on ewald. Lets dive into our market action. Lets look at bitcoin. I thought this was interesting. They set this vault up in 2010. A roller coaster ride in the month of july. The whole idea was people with a lot of wealth and material earlier, bitcoin had been lower. I live on my own now possessions like gold, diamonds, ive got xfinity, in july, one point down double digits. Because i like to live life in the fast lane. Atis also up in a big way even cash, could have a freeport type of place to store that unlike my parent