Giant announces an updated product line. Welcome to bloomberg daybreak europe. Good to be back ahead of the most important ecb meeting of the year. Trade ineing a risk on asia, green on the screen for the msci asianpacific index. We have a tweet from the global times talking about china putting measures to mitigate the trade war giving lift to risk assets. We see Sweet Nothings on the s p on a headline level. What has been going on beneath the surface for sector and factor rotation moving from more growth to value. Looking flatres, so another day of perhaps not much to do on the headline level. The big moves have been in bond yields. Jumps into year and 10year. Hitting its highest since august 5, down a touch today but sitting on 1. 66 handle. Great to see you and great to be back. Manus yes, indeed. Yields just off the onemonth high. We will talk about what james gorman had to say. To show the oil market because what has gone on is john out. N, this was the biggest pricing dislocation
10 of theil giant, subsidiary could be sold off. Tracy alloway spoke exclusively to the ceo and asked for more details about the plan geared the plan. At least 10 . Higher, go a little that will depend on how the market is over the next few weeks. Tracy is there particular valuation you are targeting . Not really. [indiscernible] a oneofakind ipo in the region. Ist we are trying to achieve a way to ensure an unprecedented [indiscernible] market and domestic and local investors to work alongside. Tracy there are of course rumors you might look to float other businesses. What else might be in the pipeline . Were looking for ways to maximize value to shareholders while keeping it wholly owned. Having said that, we are looking at exploring the whole value chain with the main focus being on service systems. Tracy you keep rolling out a listing at the Holding Company level, you did it earlier today during your speech. Why is that . You have a neighbor across the border that is listing at the
Oil giant, 10 of the subsidiary could be sold off. Plans to pay shareholders 400 million in 2018 and 2019. Tracy alloway spoke exclusively to the ceo and asked for more details about the plan. The announcement said at least 10 . We might go a little higher, that will depend on how the market is over the next few weeks. Tracy is there particular valuation you are targeting . Not really. A firstto demonstrate of its kind ipo in the region. What we are trying to achieve is a way to ensure an unprecedented [indiscernible] market and domestic and local investors to work alongside. Tracy there are of course rumors you might look to float other businesses. What else might be in the pipeline . Were looking for ways to maximize value to shareholders while keeping it wholly owned. Having said that, we are looking at exploring the whole value chain with the main focus being on service systems. Tracy you keep rolling out a listing at the Holding Company level, you did it earlier today during your
Forecasts and comes in below expectations. And theres a vitamin boost for dsm shares as the Nutrition Business performs well the ceo says he expects more of the same in 2018 we expect to deliver above the target set, growth above the market, further Financial Results and capital efficiency. And police in johannesburg are targeting zuma acquaintances and the family fullyear 2017 gdp rises for italy 1. 4 , 1. 5 workday adjusted those are the italian gdp numbers coming out this morning. A bit of an improvement, for the quarter up 0. 3 against a consensus of 0. 4 and matches the yearonyear percentage of 1. 6 you can see there very Little Movement in the italian bonds. Talking about the european equities, the stoxx 600 is trading in positive territory. The stoxx 600 up 0. 9 . If we look at specific sectors that are driving, you can see that specifically there the massive changes across the euro 600 up 0. 4 . Theres been a lot of movement in the financials. Credit suisse posted its third con
Egyptian Ministry of Petroleum and Mineral Resources plans to drill a large group of wells Egyptian Ministry of Petroleum and Mineral Resources spokesman