Anna welcome to the program, everybody. This is bloomberg daybreak europe. Its 6 00 here in london, 7 00 in switzerland. Forgetting numbers for the Third Quarter, sell a constant currencies looks to be ahead of the estimates coming from this luxury player of watches and jewelry and other things. How are sales able to shake off the negative fx effects . Some analysts asking whether we will see around of buybacks of inventory from this particular business. Talking about whether there will be a further inventory by back around retailers, notably cartier. The export data looking a little bit letter of late. So breaking news coming through their. Manus fast retailing depends a great till on the weather. If you here in the u k or in uniclo. You know it as it comes in at 100 ¥13. 9 billion. ¥113. 9 billion. In terms of guidance, its critical important for them. This is in line with what they guided back in october. The bloomberg estimate comes in it 208. 7 billion. Eriod, and theld p intern
A policy decision out of the bank of korea staying on hold as expected. Surveyed that we stated that the bank of korea would stay on hold at 1. 5 . Who succeedsas to the governor as this was his last decision as the governor of the bank of korea. There has not been a lot of consensus over who replaces him or if he gets reappointed. Take a look at this chart. This is the conundrum they are facing. We had the rate rise in november. Export growth is also coming in a little bit weaker in terms of that last read that we had. Debt is oneath of the conundrums that bank of korea is facing. Banks, aany central fine balancing act. It is largely down to the fed. Take a look at the market reaction. Lets go over to sophie. Sophie you have text talks global stocks are rallying. Stocks in tokyo are rising. Have all of these stocks rising for a fifth straight day. Morgan stanley cannot a report saying that lithium prices will peak this year and have by 2021. An eye on keeping chinese lithium stocks at
A good monday morning to you. Youre watching countdown. Im anna edwards. Coming to you from london. Were getting numbers from heineken. Manus cranny, good morning. Manus heineken revenue comes in. First half revenue was estimated to be hundred 7 million. Of course think africa, middle east asia. 25 of the revenue comes from lets get you more net numbers. A dividend of . 44. You are seeing a bid on the numbers there. In terms of breaking it down, it is taking a little bit of time to get that you are free geography broken down here. These are solid results. It demonstrates further progress. It is very much ranking on the emerging markets. The pressure for heineken is the price of oil. It is impacting demand levels in nigeria. You also have issues about trying to get control in the emerging markets. 1. 5 billion. Anna we will be speaking later on. What are the challenges you need to be asking . We have gone through some of the headlines. Manus a couple of different things. The value of th
A little more epic than it is now. There is plenty else going on. The outflow has continued, everyone else is can trying to reenact react. Laws the vietnam vietnamese, you see big things like that, you know things are happening. These are the two things for today. You have china going on, and he said and the fed. They are two big weights. Ways, they said is looking to move policy, and so are the chinese. People feeling that any stimulus would signify a worsening in the economy. The good news is we get Federal Reserve minutes. How much where they worried about chinese stocks then . We did not know how they were responding to the evaluation the valuation. Guy we have a great show. We will be talking about greece. One vote in the netherlands and another in germany, we will run you through those. Lets continue the conversation surrounding the asian market with juliet. Juliet good morning. Ride on the shanghai market. It is down by 2. 9 . Worth lossesn earlier in the session when it looks l
Laggards, wti declines 3 . Joe Consumer Staples and telecom leading the way, classic defensive sectors. Matt some individual stocks moving down. Bank stocks taking a hit. Pretty decent losses for heavily weighted stocks. Right aid rose the most this year, up 6 . Point 25 after earnings yesterday, initially down, then coming back today. Up, at 13 , massive move least four analysts have upgraded yelp. Some interesting things in the Government Bond market, particularly u. K. , new lows on the 10 year yield, but action as the boe has trouble with its reverse auctions, not enough bids. Better, but all time lows in 10 year yields. I want to go into the bloomberg to talk about mongolia. Bondis a mongolian euro that matures in 2022. That is higher rates on a Government Bond. They said we are running out of money, major crisis. I think investors have forgotten that Interest Rates can go up and there is sovereign risk. Matt other governments would just print more money, right . Joe the problem i