Start to gain a bit of momentum once again, going into earnings season. There is some them is an serenely some optimism seemingly surrounding earnings for the major averages, so that is something to note. The nasdaq is on a six and winning streak, but it is the odd man out here in retaining the record. It has not gotten to that level. And there is an interesting note out from bank of America Merrill lynch, who is not very optimistic on the s p this year, talking about income inequality, pointing out more hours are needed now to buy one unit of the s p 500, 110 hours, in fact. So that is at a record high here. That is less attainable for particularly low income workers to get to that kind of lone where they can invest in the stock market. Interesting observation here. That is also one reason why we need to clamp down on that level of inequality and might be more aggressive next year. At thealso looking nasdaq, which is lagging the other industries. It is down, not by much, but a few ten
Start to gain a bit of momentum once again, going into earnings season. There is some them is an serenely some optimism seemingly surrounding earnings for the major averages, so that is something to note. The nasdaq is on a six and winning streak, but it is the odd man out here in retaining the record. It has not gotten to that level. And there is an interesting note out from bank of America Merrill lynch, who is not very optimistic on the s p this year, talking about income inequality, pointing out more hours are needed now to buy one unit of the s p 500, 110 hours, in fact. So that is at a record high here. That is less attainable for particularly low income workers to get to that kind of lone where they can invest in the stock market. Interesting observation here. That is also one reason why we need to clamp down on that level of inequality and might be more aggressive next year. At thealso looking nasdaq, which is lagging the other industries. It is down, not by much, but a few ten
By train to speak to commerzbank s ceo. Our cost cuts working for this german lender . Futures are positive for europe. We are in the thick of the corporate earnings season. We will be focusing on those corporate stocks. We have a positive start priced in for equities, castrating starts shortly. The story you need to take away is the dollar continues to remain bid. The euro is on offer. The greek market down by over 2 . Let me show you how the bunds are. The market getting more bid. Bit of aing a little fluff in the market but we are back to where we are in bund yields. The yield is. 296. Lets get a bloomberg first word news update. Societe generale has reported fourthquarter profit that exceeded estimates. Their income were 319 Million Euros to my down 41 from a year earlier but above the 350 million euro analyst estimates. The french lender announced plans for an ipo of its car leasing business. At the same time its deputy ceo told bloomberg why he is not concerned about the socalled
Daybreak europe live from london. I am anna edwards. Manus i am manus cranny. A phenomenal tax plan, trump acknowledging the one china policy, a triptych, three markets, bank, bank, bank. The dow. Aq and who is benefiting . Those who have the most to benefit from tax. By 5 . Ity dropped the dollar is rocky, up for an eight day. Dollarsgan says eight depending on the details. We dont know what this tax plan will look like. Trump has said it will be phenomenal. Will it be the border tax adjustment favored by House Speaker paul ryan. We will discuss that during the program. Some breaking news from q4 1. 6 4 billion, looking better than estimates, full gear Sales Numbers missing estimates it would appear. 56. 8 billion. That one looks a little bit lighter. The aren ors on shipments, steel shipments, and various other metrics. Net debt increasing to 11. 1 manus as of december the proclivity for risk showing up. Lets check out the board here it you have some big movers on , thequity side and
Science and tech global summit in paris, bringing you the former French Economy minister. This is bloomberg surveillance. Im anna edwards. We have a great three hours lined up for you. Before we begin, a reminder that at ;30 bring you our weekly next . Brexit, whats the europeaneave union and many contributions from francine at the tech conference. Hello tomorrow. Plenty more from her as we go through the day. A look at here we are at the early stage of the european trading day. One hour into trading. Risk onp by 0. 9 , a attitude to markets. The chinese data yesterday was gloomy. Today a different picture. E. M. Markets in asia and into the European Equity session. We see less appetite for the japanese yen. The pound is under pressure hovering around the 1. 22 mark all morning. More tough talk from the e. U. President. No cake, only salt and vinegar. 51. 00 ade up above barrel. Harker says uncertainty stemming from the president ial election may be an argument for delaying a rate incr