We will bring you our exclusive interview. You are very welcome. It is daybreak europe. It goes red on your bloomberg. 519 million euros. Actual were hoping to deal with that. The earnings before tax 232 million euros. Target for both sales and earnings, what are the earnings . Lines. Re the top we have achieved the minimum levels necessary to cover the cost of capital. Company sees a turnaround in its Industrial Solutions business. Just looking for one or two rises but that is rising. Deco, have a look at a one of the worlds biggest employers, temporary and fulltime. Theyre telling us the top line number, delivering first off revenue of 11. 7 billion swiss francs. Thats for the first half of this year. Net income for the second quarter, 192 million. Looking at a net income of 192 million. We willled in talk to all of these companies, will be joined by the ceo of forco in a few moments time his first interview of the day. A little bit of risk for you, the risk radar. Some recovery, fai
James bullard said failing to reach the fed inflation target is hurting its reputation. We will bring you our interview with the president. Againstoins the stance risky positions. The question is, is dying down risk the right trade right now . Matt lets take a look right now, 30 minutes away from the european open where futures are trading, we had a reversal in asian markets, they recovered from the trump concerns and turned back down again. Here we see futures, no change for european stocks. Take a look at what we see happening in the bond trade. I will zoom in to see which direction we are going to coming back up in the yields so investors are selling off german debt. The yesterday we took a look bund isthat this, the trading in the tightest range since 1992. Almost no movement, no volatility and very tight ranges have been the story of the market and it continues today. Equitieserday european selloff, it was quite a chunky soft. 1. 5 . That was the story yesterday. This morning the
Focus, warning that the central bank has limited tolerance for rising prices. Cpi data due at 9 30 gmc. Francine and live from the World Economic forum in davos, switzerland the future of finance. John cryan joins our debate about the transformation of the industry, do any moment. And in european banking, we will be speaking to the Credit Suisse ceo. Dont miss that exclusive interview at 9 15 u. K. Time. Stealssident xi jingping the spotlight, with his first speech ever at the forum. Lets get back to the World Economic forum in davos, with bloombergs tom keene and his panel on the future of finance. Tom if you dont make it every 90 days, the world falls apart. We have a panelist to provides us with a terrific historical committedwho has been to acquiring for the United States of america different pieces of our heritage and history and possibly understands the 1930s like no one in the room, and certainly a political moment we are in worldwide. Finally, we have a panelist to full disclos
Anna a warm welcome to bloomberg daybreak europe. Im anna edwards. Manus breaking news, where in the middle of the earnings season. Anna lets go with the french banking sector. Societe generale, coming in above the estimate of 315 million. The other big strategic announcement in the headlines, the plan for an ipo of its car leasing business. The numbers coming in ahead of estimates. And carting including the sale of a croatian unit. Record low Interest Rates. Tougher capital rules. Ofaging to make the most improvements in the french Consumer Banking business that they operate. Iny plan to offer shares their auto Leasing Division this year. We will be bringing you further comments from our conversation with the deputy ceo throughout the day. Worked that coming up shortly. Manus we just had a red headline on commerzbank. ,his will be good news fourthquarter net income, the market had penciled in 173. ,his is the buffer of capital 12. 3 . Provisions for loan losses coming in at 290 millio
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