Happen to them. So did the swiss a couple of days before they dropped their cap to the euro. A couple of interesting names that have delivered results. I sat down with the first interview with a new ceo. They say theyre keeping their dividends flat for the rest of 2015. They had a policy of growing given sinc dividends. We are not backing away from our policy and terms of a stable dividend. Capital expenditure down. Originally was 20 billion. Spending cuts up 30 . And they are sticking to that dividend as being flat. Alcatellucent on the other side of the coin. Their numbers doubles. Down in the u. S. Demand is healthy. Carriers in europe are building out, but there was some upbeat story from the cfo saying that the submarine business was up for sale. The stock is down 3. 6 . The sugar and sweetness business to open higher. Full year profits will be below the guidance they gave us in late 2014. A lot of this is to do with the sweetener business in the United States of america. They hav
Suffered its worst trading session in 15 years. The ruble bounced back at the open this morning, but it has since dropped once again, falling into negative territory against the dollar despite these extremely hard core moves by the russians. Russian stocks selling up again as Oil Continues to decline. Michelle ka reduce sa cabrera will join us with the russian story and why the markets are very worried in just a moment. Headlines out of china grabbing attention this morning. The first flash reading of the hsbc pmi showing the First Manufacturing contraction there in seven months. It was a reading below 50. This is the latest sign of weakness in the chinese economy. Stocks rose on hopes of more stimulus from chinas central bank. As for how things are shaping up here at home, check out the futures this morning. At least in early trading, remember yesterday, everything reversed by the end of the day. We were up 100 points in premarket. But in the premarket this morning, dow futures are in
Rates and bond purchases. Timothy geithner has drawn a line in the sand. He says the white house is prepared to go over the fiscal cliff if republicans dont give in on higher taxes on the wealthy. You can see were weighted to the up side by a ratio of 8 1 at the moment. Finland is not trading today, so you may see some quotes not doing very well. We saw apple stock having the biggest loss in four years. The ftse yesterday slim gains really. Up 0. 4 , the dax up a quarter of a percent. Is this a this is where we stand as we wait for the announcements from the ecb. Were up at a 52 week high for the xetra dax. Cac 40 up half a percent and ibex up half a percent, as well. Take a look at bond yields. We looked at that auction yesterday from spain. They raised 4. 3 billion. Years went lower. Nevertheless spanish yields today 5. 4 , slightly lower from where we closed, but they did move up substantially after a handle of 5. 2. Well keep our eye on gilts, as well. Well look ahead to the bank o
Hawkish. It looked at what we have some way to go on rates higher than people expected. That sent the market on the journey on the dow and s p down aggressively a lot of Companies Going down. The market decided we can ignore we will have to be potentially more aggressive on rates at the moment the time is coming it may come as soon as next meeting. The market decided to ignore the bit about inflation. Inflation needs to come down aggressively ive never thought about it as appropriate test for slowing the pace of increase the market ignored the cumulative tightening and the lags associated with the Monetary Policy with the inflation. If you wanted, there was a dovish narrative as well as the hawkish point. The market decided to focus on one side of the story. That was a minimal change from the federal reserve. You got the mixed picture on what would happen next guess what we are watching the data it is not end of story it is nearly when you consider that the markets down aggressively. W
Markets. To australia where the a sx 200 is falling for a third day as the Australian Dollar maintains its rebounds. Is the number there. This is the move. It is adding 100 points and then some. It is higher. Hired to then is u. S. Dollar. It is hopping with some exports. The be oj starting the policy meeting today. Ospi isa, the k fractionally higher. It just below that 2000 mark. From computers to drinks. Lenovo may be focused on snatching up the ibm server unit. John dawson has the details on both of the stories. Breaking news. They are actually confirming they are in preliminary talks. This is four . 5 billion. They are saying that talks broke down a couple of months ago about the price. Wants to spend more. Says they are ready to sign the money within cheeks. Dell may be looking to account. We are looking for an exciting move that did in fact fell to agree. There are lower Profit Margins to exit hardware. Software. They still have the pc business in 2005 to even it all out. Lenovo