Estimates to the value of coming under a unified structure. Were open to all ideas which can simplify our business. This is a project that still has a wide possible range of outcomes and raking in the cash covestro valleys as they say theyre generating cash faster than expected due to Strong Demand but the ceo says he is not eyeing any specific acquisitions theres lots of opportunities. What is missing is value created opportunities. We have a fixation on any deal, if we were to do one, has to be value creating. Shares in ihg check in at the bottom of the stoxx 600 after the hotel Group Launches a Strategic Review and halts special dividends. The ceo tells cnbc how the firm is spending its cash we announced a number of Strategic Initiatives to accelerate those trends and bringing new brands to new markets, launching new brands, investing in technology and funding more efficiencies in business to fund that growth good morning lets look at how european equities kicked off the morning. Th
This is Francine Lacqua on bloomberg surveillance. We have a great exclusive interview with Benoit Coeure, the it was the ecb member. The exclusive ecb member. Mark, what does the data look like . Mark we are low today, quite a losing run for the stoxx euro 600. We saw a big selloff in Technology Shares in the u. S. On friday. Sterling, not as big a decline as we saw on friday in the wake of the inconclusive election result on friday, which sent sterling down 2. 5 . At the end of the day, sterling is down by 1. 6 roughly. Investors are looking ahead, mean for shortterm versus longterm volatility . U. K. 10 year field has barely changed today. It fell three basis points on friday. Investors weighing up what the election means, weighing up against data. We had weak consumer data today. The boe this week, wage data. And gold also falling for the first week in five last week, marginally higher. The fed expected to raise rates this week against Political Uncertainty. Thank you, makr. Lets g
On inflation data and the start of the Second Quarter earnings viewe. Viewed that season tracy we had quite a week in markets. We saw this dramatic shift in the bond market starting on thursday that escalated into equities as the day went on. Thats take a look at what actually went down at the close on friday. Take a look at the bonds. You can see the u. S. 10 year yield up to. 02 basis points. Not as bad as expected. This was off the back of the u. S. Jobs number four june, that came in much better than 222,000 in gain of june versus the 178,000 we had expected good german 10year yields also selling off good. Emerging markets bonds also selling off. Not nearly as to medicus thursday. Take a look at what happened in the equity market. U. S. Jobs number feeding into the s p 500, up almost two thirds of a percent on friday. The nasdaq 100 is interesting. A closed out 1 . Remember, that was the big loser at the beginning of the week. If you look at a chart of the nasdaq 100 over the past
Been a turbulent year for the global market. Oil prices hit that historic low. But there is light at the end of the tunnel. And, of course, following a Landmark Deal between members of the opec countries. And exploding phones, Driverless Cars and virtual reality. It has been an eventful 12 months in the world of tech but what can we look forward to in 2017 . Well speak to our resident gadget guru. And indeed, a very warm welcome to a very Special Edition of Business Live. So this year saw two of the biggest political results of the decade, as the recent trend towards globalisation kind of took a step back. There are now dark clouds of uncertainty hanging over two of the worlds biggest economies europe and the United States. So lets start by taking a look back at what happened following the uks decision to leave the European Union. Tonight at 10pm, the Voters Decide that after four decades it is time for britain to leave the European Union. I do not think it would be right for me to try