Last press conference. Even as we get the weak eurozone data and Interest Rates remain in negative territory. Nokia plunges as the tell cocuts the 2019 outlook and warns of tough competition daimler shares hit top gear thanks to strong mefrz sales the carmaker begins to double down on cost cuts. Weve got such an exciting day coming up. A lot of earnings to go to on the stoxx 600. We just got the aggregate data the pmi number has come in at 50. 2 slightly below the expectations but higher than we were back in september at 50. 1 services pmi, we have at 51. 8, just a faction below but above where we were in september the aggregate number coming in at weaker than we had. If you look at the numbers that had already come out, france pmi came in better than expected, germany weaker than expected i want to bring in a senior european economist who will be with us the next 15 minutes or so before we talk about mr. Draghi, i want to pick up on the European Data we have coming out this morning st
Operators collapse. The British Supreme Court prepares to rule on the lawfulness of the decision to suspend parliament he says he wants a fresh nuclear deal with iran and says donald trump is the guy to get it done. And saying the trade war is the biggest obstacle what scares me is that instead of trade buying the big window of opportunity, it weighs like a big dark cloud on the Global Economy good morning. Welcome to street signs. Yesterday, about 24 hours ago, we had those extremely weak pmi numbers coming out of germany. We are just getting business numbers coming out now it is saying german business moral has risen in september the Climate Index is at 94. 6, slightly higher than the forecast of 94. 4 Current Conditions come in at 98. 5 better than the forecast. The forecast came in at 91. 8 so it is interesting on current climate conditions came in higher than expectations the forward looking metrics actually fell to 90. 8, that is lower than expectations of 91. 8. Slightly better
Japanese stocks have lost 140 billion so far to date. Brazilian lawmakers are voting on the impeachment of the president. Campaignescribed the to topple her as a coup orchestrated by her deputy. , dontme on twitter hashtag, include the e trendingbusiness. The oil price plunging, asian stocks retreating. Juliette good morning. It is all about the oil price and the stronger yen. Taiwan, singapore, falling in the selling. The kospi now down by a tense of 1 . Has come back a little from losses, over 3 in the early session. To earthquake adding concerns about how much the damage will cost the japanese economy, and we continue to see the yen surge playing on the export companies. Is only downsx 200 half of 1 at the moment, so coming back from earlier losses. New zealand leading the charge, thana 10th of 1 , a better expected cpi number for the First Quarter. We are seeing the oil plunge have an impact on Energy Players in the region. There has been a flight to the safe haven, gold price supp
The much touted meeting ended without agreement. Crude tumbling. This is the view now. 38. 18 per barrel, and brent crude at 40 a barrel. For more thanon 10 hours longer than planned, but broke up without a deal. What does monday hold . A big drop. To 30. Go back based on people familiar with the talks, which ended a few point they at one said it seemed as if all the Oil Ministers were gathered around a computer trying to agree on the text of the draft. How much of a gap between what a lot of these members wanted to come out of the deal. It was supposed to end early afternoon. There was a press conference scheduled. It dragged on much later than that. A lot of people are pointing to the saudis as the main stumbling block. Saudisrstand that the insisted that the Draft Agreement include text which pointed out that iran must be included in any future commitment, and we all know that even before the meeting started that iran called it ridiculous. In fact, listen into the Russian Energy min
,anager is betting on beijing 2016 will be good for china and investors will be sorry they are not there. Do follow me on twitter rishaadtv, and dont forget to include trendingbusiness. China, hong kong markets underway in 30 minutes. Lets have a look at what is happening. The day after the fed, and asian markets are liking the sense of patients conveyed in that policy announcement. Snapping three days of declines for most of these markets, i continued rebound in crude oil as well as basic materials. Gains, the extending kiwi dollar surging since the fed left policy rates on hold. 225, ahead of the boj announcement. 56 expect some form of additional stimulus coming be furtherether that cuts into negative rates, etf of lying, or potentially negative rates for loans, which means lenders will be paid by the central bank to lend. ,traight times index up malaysia adding negativity to the regional look at the moment. Lets take a look at some earnings stock reactions. A 4. 4 decline in firstq