Welcome to countdown, i am anna edwards. It is 6 00 here in london this thursday morning. We have Many Companies reporting here in europe today. Lets get to the first of those major names, and that is the german industrial giant reporting numbers. Caroline has a breakdown for us. Caroline we are starting on a high note it would seem. The morning to you. It seems that the industrial profit is 1. 8 billion euros a month that is more than expected. They are reiterating the fouryear forecast to drive that profit up to 11 in terms of margin. They want to attain a target of 11 profit margin in the industrial business. They are seeing that being reiterated. Also confirming the forecast for at least 15 next earningspershare growth. They have a backlog of some 110 billion euros. When you look at overall sales they are coming in line. 18. 8 billion euros, that is in line for thirdQuarter Sales. An net income is a big beat. We are seeing profits being sales. They are grossing an overall industria
Company could file for accuracy as early as monday. At the end of the day, this is a fascinating story gone wrong. Set aside some money to fix the land from its production, basically. They do the thing where they say, we will take care of it ourselves. In note on their balance statement. They had 90 days to get more money to get insured. It could be a potential reason for why the money thats why they had declared bankruptcy. That is might we see more like this . He could be the domino effect. Alix they could also be under pressure as well. Betty much more ahead. Top stories. Alix this high with funding bill. Transit money will continue and we to three states will pay the bills until the end of october. 91four. Proved by bill there are roadblocks standing in the way increase in Interest Rate. They say they want to see some additional gains before raising rates. The former fed governor said there is a scenario in which the fed may hold off for a little while. Inflation has been quite low
A warm welcome to the program you are watching countdown. Im anna edwards. We are waiting for several earnings this morning from the Mining Sector, and earnings from merck, the german drugmaker the oldest of europes drug companies. We will be speaking with the merck cfo later. We will talk about how they are rebalancing the business, trying to make up for the fact that their multiple sclerosis drug is increasingly under pressure. You will talk about m a in the pharmacy sector, and the value they can derive from their partnerships. They are trying to revive fortunes using partnerships such as though with pfizer. We will talk to him about that. The share prices are doing too badly. A couple big interviews we need to tell you about this morning we will get a gauge of the Mining Sector and commodities from a couple business chiefs. I will be speaking to mark bristow in his first interview of the morning at 7 00 london time, and jon ferro will be speaking to in his first interview of the mo
We suddenly saw the shanghai composite end in the green amid speculation about whether or not we would see more stimulus to come. Monetary policy quickly kicked in. Will bewhat juliette talking about in a moment but in europe are still concerned about the commodity index. Bloomberg tracks as the lowest since 2002. The selloff is continuing. Look out for those Big Oil Majors today, and glencore after they came out with their numbers. The dax is now opening 9 10 of a percent down. Stop buyingtime to these chinese stocks like the luxury good makers. Have the fundamentals in china changed that much . And they have Pricing Power in china maybe is tryinime to analyze whether its good to buy. We are opening on a downward as greece goestory to the last stages of its marathon to get this third bailout. This is 86 billion euros. We know that germany will be starting a debate around about now, and then we have the dutch deals. Most of these deals will go through lets have a look at the key stocks
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