Biotech giant actelion while hedge funds continued to bet on a rival offer from Johnson Johnson. And president Francois Hollande names a new french Prime Minister. Good morning, everyone. Louisa is out at a conference today. We have a jam packed show for you. How about we kick things off with a look at the European Equity markets. We are slightly higher for the stoxx 600. Yesterday we shrugged off the italian no vote and renzis resignation. We are seeing weakness in copper prices, crude prices down. Lets see the xetra dax is comfortably higher to 0. 2 . German Industrial Orders were up by 4. 9 in october. The biggest rise in more than two years. The cac 40 pulling up to a quarter of a percent. The ftse mib, up by 0. 9 almost, this is after yesterday saw some choppy trading. At one point the market was down 3 , up by more than 1 . It finished the day lower by 0. 2 . The italian banking stocks came under severe selling pressure. In terms of the sectors, i mentioned it before, were seeing
U. S. Equity strategy at jpmorgan to talk about where the market goes. The coolest on wall street. Reminds me of dubrovnik. Melissa ran through the two month charts which look very impressive. You look at the dow over the last year and the s p over the last year, it feels like we have careened higher and now were back to this level that we keep fighting up against, whether it is the 21,000 leave, the 18,000 level or 2100 level. Where do we go to from here . So market had impressive rallies since february lows. Up 13 , 14 . I would say probably most of this has been driven by short covering. Technicals i think for most part at this point have run their course. Investor positioning adjusted, equity multiple is pretty much at the highs around 72. 5, so i think in order to turn more constructive from these levels on, you need some form of fundamental catalyst and some form of earnings and reacceleration. To me that pretty much means we need more dollar weakness. If we dont get that, i just
Jpmorgans role in the recordbreaking alibaba ipo. Joking that he worried about it for two years. The house has passed a bill in 252161. One pipeline it now goes to the senate. Music streaming services are under fire, with taylor swift offling all of her music ic spot of five. Ify. Consumers want to rent all music in thethe world. With the downside of that is that youve taken the value from a song. Whetherigger issue is services are training people to think people is free. Music is free. E six and six plus went on sale at midnight in brazil. Now to our lead. Alibaba has just sold 9. 3 billion on singles day, but the chinese ecommerce giant is about to tap the u. S. Bond market for the first time coming as soon as next week. They will use the proceeds to refinance the credit line. Now . Y tap the bond markets low Interest Rates . Bloomberg ipo reporter leslie joins us now. Good be in a better position after the biggest ipo in history. They are a company of big numbers. Many billions of d
Journalist mohamed and fahmy now at home with their families and. Im in north carolina, the bodies of the three victims who were shot on tuesday are laid to rest and we will be bringing you reaction from the local community. Well a shia mosque attacked in the pakistan city of peshawar during friday prayers and it was a crowded mosque and we go life to islamabad and what do you know about what has happened . Reporter well, according to the reports, a number of attackers dressed in Security Forces uniforms stormed mosque at friday afternoon prayers were underway this is a shia mosque in islamabad area and adjacent to the tribal area after attack one of the bombers was able to blow himself up another bomber was wounded because of the blast, his explosion did not go off so there would have been more casualties if the second blast also happened and they were carrying hand grenades and there are a number of casualties according to the hospital sources now at least eight people were killed an