At 1. 9s coming in billion. Investment banking revenue at 1. 3 8 billion. We will discuss later in the hour. Well get Goldman Sachs. David time for the morning brief. We will give you you as production data. The greek Prime Minister will be visiting the white house today. There will be a joint News Conference at 1 30 this afternoon. At 3 00 we will get an idea of how the fourth round of nafta investigations have gone on. President trump will deliver a major policy speech on tax reform tonight in washington. Thats coming up at 7 30 this evening eastern time. In the u. K. Data came out showing the highest inflation right in more than five years in september. Increasing the odds for boe policymakers to raise rates for the first time in a decade. Earlier this morning mark carney reiterated the bank expects inflation to peak above 3 around october. After the data came out the pound raced in advance. Hsbcrevised forecast expects the pound to reach 135 of from the initial call of 120. Now we
News throughout this next hour and a half. Some of the big pieces we will deliver. This is the beast of the market, the treasury market, the death of the treasury market. The ticker on this his fiveyear. The moment of truth has arrived for the bond market. We test above 2. 4 for the first time in five months we touched above 2. 4 for the first time in five months. What is achievable if you break certain points . 6 i20 20. We are seeing this 6 by 2020. We are seeing this. Who do you want to run the fed jack of that run the fed . How feeble the bond market is to risk. Anna the fed chair conversation and there is also the growth story. The dollar. A quick word on some of the breaking headlines. Some corporate around europe but before we get to risk radar, they are cutting their fullyear Revenue Growth to 6 . Cutting their fullyear eps target. Worth keeping an eye on that. We have mentioned the risk radar. What you said about the bond market. Lets look at where we have been in the asian eq
European future. We will look back at that result and what has changed as the negotiations finally get underway. Well speak to a member of the house of lords who thinks that brexit want happen. Wont happen. We will also have the director of europol. This is what were getting. A little bit of news in the form of pmi. This is what theyre coming out with. Falling to 54. 7. Below forecast. We were expecting a figure of 56. 8. Its coming in at 57. 3. That is for manufacturing. If you look at the Services June pmi, falling by three percentage points. Seeon to the data to whether we are seeing any impact from that weaker than expected pmi. Overall, Global Equities mixed after we did have some fed speakers saying they will do little to alter projections for the path of Interest Rates. Oil fluctuating. Below 43 a barrel. Out for isould look pound as we try to assess what the brexit vote, the oneyear anniversary, means for the brexit vote and e. U. Nationals living in the u. K. Lets get to first
Anna a warm welcome to bloomberg daybreak europe. I am anna edwards. Manus we are ready for breaking news. Second quarter revenue, 1. 7 billion euros. That is in line with the estimate, looking for an adjusted eps. About 5. 8 defense. That was the average estimate among five analysts. Interesting comments coming through saying limited possibility has exceeded expectations. Cautious on the mediumterm prospect. Could it be in 2020 . That is one of the thought that jefferies and citi. More numbers coming through. To eric, whoeaking will join us from Philips Lighting later on. We will talk to him about m a in the sector, his numbers, the led and the potential. Manus more breaking news coming through on the watchers side. We will keep an eye on hermes. Swatch delivered their sales. They missed. The it comes to margins on business, slipping ever so slightly. Property margin at 10 . Temple 4 if the estimate. The operating profit, toppling of the business, that is also amiss. The market was lo
We will bring you our exclusive interview. You are very welcome. It is daybreak europe. It goes red on your bloomberg. 519 million euros. Actual were hoping to deal with that. The earnings before tax 232 million euros. Target for both sales and earnings, what are the earnings . Lines. Re the top we have achieved the minimum levels necessary to cover the cost of capital. Company sees a turnaround in its Industrial Solutions business. Just looking for one or two rises but that is rising. Deco, have a look at a one of the worlds biggest employers, temporary and fulltime. Theyre telling us the top line number, delivering first off revenue of 11. 7 billion swiss francs. Thats for the first half of this year. Net income for the second quarter, 192 million. Looking at a net income of 192 million. We willled in talk to all of these companies, will be joined by the ceo of forco in a few moments time his first interview of the day. A little bit of risk for you, the risk radar. Some recovery, fai