Amongst the dollar weakness euro strength and that means european stocks are finding it hard to make any headway. 6418 right now. We are at a more than twoyear high. How will opec and friends respond . Heres emma chandra. Stocks fell more than 2 after a report that qatari fighter jacks jets intercepted an airline from uae. Its the latest escalation in the dispute between persian gulf monarchies. Saudi arabia, the uae and egypt all accused of destabilizing the region. Carillion has fired for liquidation filed for liquidation. The shares have fallen more than 90 since july. It employs 43,000 people worldwide. Its a further boost to the International Status of the chinese yuan. Liquidation filed for liquidation. Global news 24 hours a day powered by more than 2700 journalists and analysts in over 120 countries. Im emma chandra. This is bloomberg. We will get a perspective on whats going on in the markets today despite the holiday in the United States. The dollar is really dominating the t
U. S. Clamps down on one of the worlds biggest changes. Matt we are getting some breaking earnings now. Ing group, the dutch financial fourthh coming up with quarter profit of 1. 6 billion euros. Ing misses estimates on profit. If got a cost income ratio of 59. 9. 7 and itratio of 14 is looking at net results in 5 billion euros. That is the net result for the entire year. The fork or profit, 1. 5 6 billion the Fourth Quarter profit, 1. 5 6 billion. A big miss on pretax profit there, so look for ing to trade at the open. The ing cfo is going to be joining us for his first interview of the day in just a few minutes. Anna lets get to some other breaking news this morning. The wealth manager in switzerland, the thirdlargest wealth manager in switzerland is giving details for the past year. Under. Ew money the estimate was a little higher than that at 393. They say net new money is more than 22 billion. They are giving a net profit number of 705 million swiss francs. The new ceo has taken t
Gets a boost from u. S. Taxes and new drugs in the pipeline. The ceo says china is a major focus. China is getting much, much more important for us. In diagnostics its already the second most important market for us its still smaller on the farm suite cal side, theres no doubt the market is strongly growing. We scream for ice scream unilever sales beat expectations as the ice cream business returns to growth but the ceo says a mix of flavors from m a is needed to keep expansion from softening. We have a good cadence of developing our own brands. At the same time we compliment our portfolio. We are moving these businesses premium on a combination of organic, new brand launches, as well as m a activity just seeing some eurozone pmi manufacturing numbers coming out. They matched the forecast of 59. 6, down from 60. 6 for december the january manufacturing pmi numbers for the eurozone on the back of positive numbers out of other European Countries the dollar up slightly this morning to 1.
Buying a ticket on american and hopping on united. The dow has come a little bit off the lows. Down 239 points right now, the nasdaq is down 1. 7 . So no problems at the nasdaq. And yet, the nasdaq is actually down about. 4 more than the dow. Now, of course the dow does trade nasdaq stocks as well. But the point is, it would seem that the data were seeing that the declines are not based on this trading issue, outage, whatever you want to call it, right . May be more global macro. The benchmark tenyear treasury note yielding 2. 2 . And thats actually a 2. 5 move, guys which is not quite double that of the dow. So bonds are moving more obviously overnight in china. This is turning out to be a seminal day for the stock market. We had 1,400 Major Chinese companies suspended in trading. Not for these reasons. Many of them suspending their own shares because the decline. And something i pointed out early this morning, guys, which is this chinas stock market value declined in 30 days has been
Anna welcome everybody to bloomberg daybreak europe. I am anna edwards. Lets get straight to the blank breaking news. We will talk to the management of these companies. We have numbers coming in. This is the steel company, now much more diversified industrial group. They are raising their even forecast to 1. 48 billion. Raises. Sted ebit raising their profit outlook after selling their brazilian plant. Agreed to sell their brazilian steel plant, and it is making the transformation from steel to diversified groups. Around see what they do their american unit. There is the expectation they will exit the business. There is talks they will transfer the european assets. We will get an update on all of those matters when we speak to the management. Inwill talk with their cfo 45 minutes time. Lets get to other breaking news. Sticking with germany, this is the munichbased insurance company. We are getting numbers. Or solvency ratio is 212 . Euros. Lows of 21 billion operating profit is comes c