Equities are trading, 30 minutes until the end of the monday session. Stocks mixed day for stocks. Declines in belgium and italy today. Gains for currencies against the euro. Merkel, the german chancellor, so the euro is to week. It is up to september high. Core yields rise, as you can see in finland, ireland, france, and austria come and of course come in the oil market, it is all about the opec meeting taking place later this week. Will production cuts be extended . Will they be deepened . Lets talk about the euro threemonth risk reversal, ending last week in positive territory. Calls are more expensive than the puts first time that has happened since october 2009, when the common currency was around 1. 50, first inklings of the seemingly endless greek crisis coming to light. Euro finish last week the highest since october. Today, highest since september. This is a lovely chart as well. G btv 8757. You can see the difference between u. S. And european corporate spreads. In 2008, the
On that later. And well be getting the inside track on on a business thats been milking big profits around the globe, were going to be speaking to the boss of arla, one of the worlds Biggest Dairy Companies. Also, as volvo calls time on the internal Combustion Engine, are you ready to give up your gas guzzler . Get in touch, just use the hashtag bbcbizlive. Hello and welcome to Business Live. Today, the Eu Commission will decide whether or not to give the green light to General Motors for the 2. 5bn sale of its European Operations. Gm is hoping to off load vauxhall and opel to the psa group, thats the french company, which owns peugeot and citroen. Its easy to see why General Motors wants to sell their European Operation, which is dominated by opel, has lost about 9. 1 billion since 2009. If successful, the deal would make psa the continents second biggest car maker, after volkswagen, and ahead of french rival, renault. Opel employs 38,000 people across europe, and its feared the sale
Pay safe shares rocket to the top of the stoxx 600 after a consortium by blackstone bid for the Payments Firm. Mediterranean delight for vodafone the mobile operator calls in with forecast topping numbers on the back of a Strong Performance in italy and spain, sending shares higher. Dimming down on sales. Philips lighting posts a 2 decline for its professional lighting arm, despite a beat on core earnings. The companys ceo tells cnbc that growth will return. We were declining by 2. 4 for the full year of 2016, we have been declining by 1. 3 for the first semester of 2017 we will go back to growth in the course of the second half of 2017 its a choppy start to trade today in europe with mixed colors across the board. Some red, some green, remembering that yesterday was really a Currency Movement that was driving stocks a stronger euro took its toll on european markets were seeing euro stoxx 600 not down too much, only by around 0. 07 . Ftse 100 is in the green but just holding on to gain
For britains adam peaty at the World Championships in budapest. Coming up in sportsday on bbc news, Novak Djokovic says he is ending his season early after suffering an Elbow Problem which forced him to retire from wimbledon. Good evening and welcome to the bbc news at six. No one will be able to buy a new diesel or petrol car after 2040 under Government Plans to tackle Air Pollution. The clean air strategy published today follows a Ruling Byjudges that ministers have to do more to deal with Air Pollution. The government has also announced a £255 million fund to help councils tackle emissions, including the right to create Charging Zones for the dirtiest vehicles. But the plans have been criticised by environmental campaigners for not going far enough. Our science editor David Shukman looks at the proposals. On the worst days, the pollution hangs like a mist over our cities. The gases and particles cause asthma and heart trouble. They may lead to dementia, and they shorten lives, as m