A beat for sap. The Software Maker tops analyst estimates. We speak to ceo bill mcdermott. We are less than a half an hour until the european open. Lets have a check on how futures are performing. It looks like a day of green, a day of gains. Click on the futures button on weei. The ftse 100, slightly underperforming. This could be related to the minors, bhp billiton showing less production than expected. The minors. R we are getting some big beats when it comes to the earnings season. Goldman sachs, microsoft among them. The s p 500 has been in terms of profit. Guy guy looking forward to carrying on the conversation surrounding the earnings story. We will have more on that with bill mcdermott. 0. 3 on unchanged, the german 10year. Dollaryen, keep an eye on that one. An interesting survey talking about the fact that we could see a fall of 5 . His will be interesting to see as we work our way forward on that one. Lets get you up on what you need to know. Heres our first word news with j
The bank of england. It is almost as you get a 25 basis point rate cut. That is what the market expected eight. It is almost deja vu, anna. But how doom and gloom laden will the prospect before inflation . Anna a lot of focus on the bank of england. Let us get to the breaking news from the corporate world, numbers coming in from siemens. We have numbers coming in at 2. 1 9 billion euros, ahead of the estimate of 2. 09. So far ahead of the estimate, seems they are actually upping guidance once again. We her not long ago from siemens that they will basically be 670, that is the euro range. They had seen it at between 640, upping that guidance. We will talk later on to the Ceo Joe Kaeser. Well talk to him about that upgrade to guidance, just how convinced are they about how they can do in all of the energyrelated indices they have been turning attention to. Europes biggest Engineering Company, in munich. Let us get to the pharmaceutical industries. We have merck in germany giving us numbe
San francisco fed president John Williams says Monetary Policy needs to be reimagined to deal with a new normal. Shirt of the tubing Percent Inflation target be scrapped . Caroline should we look at the record highs we closed out in the United States, because we are seeing a little bit of risk aversion, money coming off the table when you look at european futures. Russia seems to be at a record high. Today, money coming out of the riskier equities, but there is m a action happening in germany. It looks like we could be following oil lower. Guy we are going to keep an eye with oil having a fairly bouncy time. Lets take you to the gmm function, a good headsup to what is going on around the world. I want to focus on what is happening with the yen, the yen really under pressure. You can see its really welded. The yen moving up 1 this morning. We are flirting with the 100 line, the boj paying attention. The nikkei has responded by going down 1. 22 . Youve seen some fairly interesting moves
I am maus cranny. Back to the future. This is the state of play in terms of the s p 500, nasdaq, hitting records simultaneously. Crude trading up 1. 4 . Reported. It could not be better. Let me bring you the risk radar. Talking up the possibility of doing some kind the next round of discussions, rallying 4 yesterday. 50 is the new target. Index upging market for the fifth week in a row, the longest winning streak on emerging stocks in two years. Vietnam, turkey, china, hong kong, all racing away. Vietnam at a 13 week i appeared and gold, what to do about gold . In the meantime, standing by to close out the week. Thank you. Anywhere close to being a fully convertible currency. Every ofhe view of economists, strategist, an analyst reviewed by bloomberg. A true flea float is as far away as a decade. J. P. Morgan produced a still to do list, including easing capital controls and cut back on intervention. Hasralias treasurer identified protectionism that blocked a bid by chinese bidders. Th
Establishment. Welcome to countdown everybody. I am anna edwards. 6 00 in london. Many people focused on what is happening in wyoming over the weekend. That seems to be the focus of the markets attention, eerie calm as we wait for janet yellen who will be speaking, there. Lettuce for the risk radar on various Asset Classes overnight, the dollar rally the theme, a fourday street. Fairly flat now, how hawkish will janet yellen be . Even if she is dovish about the longterm, how contrasting will centralbank policy seem to be across the atlantic . And will that do to the yen . Questions as we go towards jackson hole. The shanghai composite in there for you because it is one of the few Asset Classes that we are seeing, down by 1 . The broader asian picture is fairly flat, illustrating with the msci asianpacific questions around shanghai, will be government decrease Financial Markets once again. Crude oil in there up by one quarter of a percent, fairly sluggish at 46. 88. Holding your the one