With hundreds of job cuts in its trading division. Banks either trading revenue slump. Banks see they are trading revenue slump. Matt we have breaking news out of the financial industry. Profitpany sees pretax materially below 2018. 2019 will be a big drop in pretax profit. The first half net fee and Commission Income was 171 million francs. Pretax profit was 2. 1 million swiss francs. Just. E money it has named a new ceo, Peter Sanderson will be the new ceo of gam. They are also lending a new chairman of the board, david jacob. Gam has assets under management 6. 1 billion swiss francs. It will have a pretax profit materially below that published in 2018. Nejra i am looking at the i. T. Services Company Gemini seeing in operating margin of 12. 3 to 12. 6 and the revenue change up 5. 5 to 8 . Second Quarter Sales up 5. 7 , first half revenue at seven. 01 billion euros. Cash flow over 1. 1 billion euros from cap gemini. , youll speak to the ceo can catch that interview at 9 30 london tim
Eels are a multibillion dollar business all european fishermen fight against smugglers to sell them to china. This is the new business. Berlin. Its an anxious time for markets as geopolitical tensions persist investors are looking ahead to a face off between the leaders of china and the u. S. At the g. 20 summit in japan that is asian markets are down across the board havent taken a little comfort at reports of a phone toll between 2 countries top trade representatives safehaven assets as that gold has hit a 6 year high. Markets are still sensitive to the ongoing trade conflict u. S. President s trumps goal is simple to narrow the gap between u. S. Imports from china and what the u. S. Sells to china on the other hand in short to cut the trade deficit Exchange Rates play a key role in this one countrys currency is weak then their goods are cheaper for overseas bias trump is accused other countries of keeping their currencies weak on purpose hes also accused the European Central bank an
On the japanese com. Is do business as in berlin welcome its an actress time for markets as geopolitical tensions persistent best as are looking ahead to a face off between the leaders of china and the u. S. At the g 20 summit in japan later this week as markets are down across the board have been taken little complet reports of a phone talk with 2 countrys top trade representatives european stock markets dropped as well with londons benchmark footsie 100 index opening half a percent down frankfurts ducks 30 losing 0. 4 percent safe haven asset gold has hit a 6 year high. Markets are still sensitive to the ongoing trade conflict u. S. President s trumps goal is simple to narrow the gap between u. S. Imports from china and what the u. S. Sells to china on the other hand in short to cut the trade deficit Exchange Rates play a key role in this one countrys currency is weak then their goods are cheaper for overseas bias trump has accused other countries of keeping their currencies weak on
Tensions rise even further in the gulf. Iranian forces seize an oil tanker. Shery lets get you started with a quick check on how markets closed on thursdays session in the u. S. Equity indices mostly lower for most of the session before they saw a rebound after the dovish comments coming out of fed officials. , being led up. 4 higher by financials and consumer stocks, not to mention the fact that chipmakers gained ground. We had a positive outlook from an apple supplier. We had some geopolitical news being felt across the market. We had u. S. Equities gain a little bit of ground after we heard the report that iran offered is attentive deal a so antative deal to the u. S. Substantive deal to the u. S. Are paring back earlier gains at the moment unchanged. Lets see how we are setting up for the asian market. With that being said, is just off look set to track the event we saw on wall street. Kospi may find support after a twoday drop. Calls for fiscal stimulus from the government after t
A 5 billion charge when it reports earnings next week. Shery ahn lets check the markets. Continueat momentum with u. S. Futures gaining 0. 25 . Stocks were down for most of the reboundedssion, then as we have dovish speak from fed officials. Stocksals and consumer leading the gains on the s p 500. We had chipmakers gaining ground, some positive outlook numbers for tsmc, which is an apple supplier. We had a boost from geopolitical news with the word out that iran had offered a substantial deal to the u. S. That boosted equity markets, but then later had news that the u. S. Shot down an iranian drone, so that tempers gains. 0. 3 at theing moment. Lets see how we are setting up for asia. Sophie a mixed start with kiwi shares weaker. Inures pointing higher seoul, korea in sydney on earnings prospects. Gains in tokyo to wrap up a tough stretch into sunday selections in japan. A ramp up in volatility for the nikkei 225. Looking for support after a twoday drop with calls for fiscal stimulus a