Have data points pointing at clients and investors being more optimists and ready to be constructive about the situation. They are really looking for concrete actions by the new administration in the u. S. Bts head of Continental Europe steps down amid via italian accounting scandal but the companys ceo says the situation is under control. Time to raise a glass as lvmh posts record fullyear profit and sales lifting the stock towards alltime highs spurring gains throughout the sector. Good morning. Welcome to street signs on the last trading day of the week. Enough earnings optimism this morning but thats not enough to lift the overall stoxx 600. We are looking at a bit of weakness across the overall heat map today. The broader index lower by 0. 3 . Yesterday the dow jones hit yet another record high stateside. The s p 500 and the nasdaq pairing off their own intraday record highs. In europe, investors are digesting a fresh round of earnings and m a activity. Lets see how that is carryi
Negative after accounting changes. We speak first to stephan engles. Digital dismay. Publicis is the biggest faller in europe as the ad firm books a 1. 4 billion euro writedown on its Digital Business with underlying sales falling 2. 5 in the Fourth Quarter. A holiday nightmare for thomas cook. Shares sink as the Tour Operator reports a big quarterly loss and issues a cautious outlook for the year ahead. Welcome. Lets look at some of the Market Action across europe. Its fair to say some of the early confidence has started to cool on the markets. Only just holding on to the green for the ftse mib in italy. The French Market moving as big name caps are reporting there in the French Market, were ahead 0. 4 . The german stock market up about a third. And about 0. 10 added to the ftse 100. Lets look at the banks. Among those reporting today, socgen has been out with numbers today. Still trading positive. Up 2. 5 . Commerzbank initially positive, now trading weaker. It is a split picture for
1. 5 . Nestle shares sink at the start of trade as the swiss firm misses earnings and forecasts and scales back its growth targets, with the ceo telling cnbc he is disappointed by the results. Year by year in this presentday environment its much more prudent to give forward sales growth and guidance as we did today. On the defensive. Cobham shares lose a quarter of their value after the British Aerospace firm issues a profit warning for 2017 after missing fullyear forecasts. The white house denies a wall street journal report that u. S. Intelligence officials have withheld Sensitive Information from President Trump, this as his secretary of state, Rex Tillerson, makes his International Debut at the g20 Foreign Ministers meeting. Good morning, everybody. Welcome to the show. Weve got an hour together. Very glad to be in your company. I want to get you some flashes that are just hitting our wires via dow jones. It seems that the Deutsche Boerse ceo has been giving a growth target and als
Snap sevenday winning streaks. Allianz launches a 3 billion euro Share Buyback after posting bumper profits for the fourth quarter. The cfo outlined the Insurance Firms m a plans earlier on the show. If an acquisition fits our business and our future strategy and we ca can do it, we certain look at it. It is not a must for us. Its a further opportunistic thing. Samsung heir jay y. Lee is arrested as part of a corruption probe, sending political shockwaves through south korea and sending shares in the smartphone maker lower. Good morning, everybody. Welcome back. Good morning. Traveling, that beautiful shot in switzerland yesterday. I did bring back chocolate, i think its gone now. I brought it in at 6 00 this morning, gone at 6 05. Trump getting everybody up and going. The dotcom people cant keep up. Being a journalist on trump these days, effectively youre on 24 hours. You get maybe five hours. Head online and look at the key points from this speech, if you havent already. Well talk m
This is the stoxx 600. Investors cautious today before speeches i donald trump and janet yellen. Stoxx 600 down by 0. 2 . Dollarg down against the , falling against all its major peers after the times reported that Prime Minister theresa mays team is preparing for scotland to potentially call for an independence referendum in march. The french 10year yield is down to 89 basis points. Emmanuel macron opening up his biggest lead yet over Francois Fillon. Lets finish up with gold, down 0. 2 . Gold will head towards 1300 in as inflationmonths expectations pick up real Interest Rates turned negative. That is according to ubs wealth management. Lets get the bloomberg first word news. Nejra the London Stock Exchange said its 13 billion tie up with Deutsche Boerse is unlikely to proceed after a new regulatory hurdle signaled a potential end to the effort to create a dominant european exchange. Officials had requested that the nsc divest its Trading Platform, but the nsc said it couldnt commit