Anna a very warm welcome everybody. This wednesday morning. I am anna and words. Edwards. Moving the markets, two of them, San Francisco John Williams and the conclusion being that at least two Interest Rate hikes may be warranted in 2016 because of the expansion in the economy. And inflation increasing. Over a goldman sachs, there is a chart over the twoyear spread in the u. S. On the bloomberg. Theyre warning Bond Investors that they need be more prepared for the fed to increase Interest Rates. Bill gross of course did something similar earlier on shouldnth, markets not count the fed out. What were seeing here is the increased demand for longterm debt, at least seeing a decrease over the two year yield. That spread is the smallest since 2007. It seems that in some senses, markets are not repairing a big difference between what we are seeing in the rhetoric from the fed. Not all of the assets have been reacting a great deal to what we heard from the fed, i should say. The dollar index
The best bull market as investors await the doj decision. Declinestraight month in exports. We were looking at 11 . The most all is report asked for 9 . Its better than every single report out there. Is the ninth straight month of decline. Japan is not exporting to its Major Trading partners. How really it is a global wide problem as well for japan. Japan at the bottom of the heap here. You just look across the region. Its almost a global wide problem. You have everything but the u. S. , emerging markets, not running on all cylinders. When you look at the import , we have a graphic that goes along with this. The price of oil has contributed. A lot of this has to do with the drop in oil. The orange line takes you from 110 at the left side of your screen down to 40 at the bottom and right about 45. Of course, japan is importing a lot of its energy needs. Which is why we hope that this too shall pass. If the price continues to fall from here, it will not pass for a while. Angie yeah. Repo
A higher cash bed. A very warm welcome to countdown everybody. I am anna edwards. Manus breaking news. Anna six a clock in london, 7 00 in amsterdam. Where the business is based in the netherlands, saml is europes Largest Semiconductor maker. Third quarter revenue at about 7 billion euros. So estimate was 1. 7 billion, that sounds very broadly in line for maybe a touch shy of that. The most bullish estimate for the Third Quarter. The ultraviolet lithography system, which increases capacity and speed. Agreed to buy microvision for about 3. 1 million. This is a part of th customers,s for the Samsung Electronics and intel, these chip manufacturers, that they will increasingly use the technology. Certainly that revenue looks to be broadly in mind. 354 million in the Second Quarter against an estimate of three when 7 million, ahead of the Second Quarter. Manus we are waiting on the revenue numbers, expected 5. 2 numbers, expected 5. 2 billion. Lets have a risk radar look. Slipping, the s p
Christine lagarde says she was miss the download outlook. We will talk about the investment lessons from brexit exclusively on bloomberg. Welcome to countdown. Manus i am manus cranny. Weve got a little breaking news for you. Anna lets start with agrochemicals. Firsthalf net income, 1. 06 billion. Firsthalf operating profit, 1. 35 billion. He sales number, those are the numbers coming through. I have to channel Morgan Stanley and say its unlikely to move the shares given the ongoing takeover bid. The committee on Foreign Investment in the United States, they are an interagency watches overt global trade, and it has been casting its eye over the cam china deal. The timing of the deal will be an interest. These numbers, just coming through. Weve got a number that compares against the estimate, 1. 77 billion. That looks to be a little bit light. Maybe that will move the numbers, but crucially, we are looking for detail. Manus ive got lights for you . Have you switched over to leds . Total
Firm. Welcome to countdown, everybody. I am anna edwards. Manus i am manus cranny. They warned us, saying the problems would be tough, dropping around 50 less. Let us bring you the first news. First have sales coming in at 3. 7 2 billion, that is down 11. 4 , a little bit less than will the market was perhaps expecting. 353he operating profit, million swiss francs, that is down 53. 6 annually. They expect the results close or equivalent to last years, with that kind of pressure, this was last week, the stop dropping 14 on the day. The drop in profit they expected it to be twice what the analysts had expected. It is all about switzerland. Anna lets stick with the corporate thing. Firsthalf sales rising by 5 , and roche confirming the forecast of interest, analysts say first half sales will be 20. 5 billion swiss francs, a touch above the estimate of 24. 8 billion swiss franc. And at 7. 7 swiss francs versus the estimate of 7. 64. A look ahead of estimates. Looking in particular for Blad