Come next year, we will probably have the ecb with a stable balance sheet, and we will talk about Interest Rate movement after that. Anna welcome to bloomberg daybreak europe, our flagship morning show from london. Manus another day, another set of Earnings Results coming for. Lets go to commerzbank, germanys secondlargest bank. Operating profits, 314 Million Euros. That is confirmation that the turnaround plan is indeed having a good start. They confirmed their fullyear outlook. Loanloss provisions just below where we would expect. 196. 5 million. When it comes to net income, this is the storm. 217 Million Euros. The market had penciled in 74 Million Euros. The bane of European Bank ceos lives, capital 12. 5 . The target is 12 million customers by 2022, shareholders gave them a d rating, but a good set of numbers. Just think back to september. Is validation of strategy 4. 0. Anna we will be speaking to the cfo later this morning. He will join the team on surveillance. Matt miller is o
Good morning. There are just six days to go until the General Election and we have bought the sofa to scotlands ancient capital, dunfermline. What does the politics mean for the money in our pockets and how does that affect how people vote in six days time . We have come to meet local voters and local businesses to find out what it means for them. Matt is also here with the weather. Good morning. Iam in the grounds of Dunfermline Abbey finding out what place it plays in the towns history. Brighter and fresher conditions on the way and that lasts into the weekend. I will tell you what that means for you in 15 minutes. We are in the historic surgery of dunfermline in the kingdom of fife. Let me set the scene will be here all morning with the sofa talking to voters and politicians about the issues that matter to them six days ahead of the General Election. You will see in the background, lars, a historian. Youll be teaching us about Robert The Bruce who is buried here. Also this was home
Sailing into stormy waters. More territorial tension between hanoi and beijing as china launches naval drills. Sovereignty their is being violated. You can follow me on twitter. Dont forget to include the hashtag trending business. China and hong kong markets get underway in 30 minutes time. Singapore, taiwan, and my later have come online. Lets go to david. David we are looking at declines in the early hours of asian trade. It is hard to not figure out what the next catalyst will be that drives equity to the upside. Volume is dry. The u. S. Was closed overnight. The jobs data is coming out. Equity markets, which have enjoyed a fiveday run are having a bit of a blowback right now. The rba trade numbers and retail sales are due out in 30 minute time. Asia looks like this. Down. 33 . These are the mining stocks. Going the opposite way for obvious reading is obvious reasons. Have a look at silver. Have a look at gold. Platinum also. Silver touch 21 yesterday and this is where we are havin
But first, we turn to the middle east, where a group of Sunni Islamist militants have formed nation startup looking to gain market share in iraq. The group is called isis, not to be confused with their early 90s incarnation, vanilla isis. [laughter] anyway, the Iraqi Government has now had a couple tweaks respond to the rebels incursion. We should be getting news of the Iraqi Governments triumph right about now. Isis militants control the borderrary with syria, the border area with jordan and pretty much everything in between. Jon right about now. [laughter] wait did you just blow past everything in between. Did you just yadda, yadda the invasion . Yeah, isis came in from syria, started sweeping east, yadda, yadda, yadda, the u. N. Now recognizes the Islamic Republic of isis. Isis running an entire country, it seems like fun, guys, but i think youre going to learn, running a country is not as easy as it sounds. Isis militants trying take over a hydroelectric dam. Providing social servi
And im beginning to think he agrees because hes started doing something worse than destroying america. Hes slacking off at destroying america. This week president obama refusing to go to the u. S. Mexican border. Guess where the president is planning to go . On vacation. News today that obama will head back to ritzy Marthas Vineyard next month. President obama spent three days avoiding a visit to the border while playing pool, sipping beers and raising lots of money. Make up, america. We elected a president whod rather play pool and drink beer in colorado than address the american crisis developing at our border. Stephen yes, while america burns, president nero is fiddling on vacation in Marthas Vineyard, shooting pool in colorado, and down at disney world, hes just hanging around giving the same speech all day long. Must be nice. And you wont believe what he did on his latest trip to europe. Peter johnson, jr. , break it down for us. The Salon Society of the 17th and 18th century of t