The top line kicking into high gear in the fourth quarter. Confirming its third year out look telling cnbc europe it is on the road to recovery no doubt we should expect midseason expectations we are clearly seeing a turnaround that is not a reflection of the gdp. We do not expect any substantial improvement in the economy wildcard doles wieals with aa at the fintech firm. Soft bank is stung by weworks failed ipo. There are lessons we learned about going public those lessons should be learned by everybody who wants to go public good morning, we are getting some good news out of the european economy to give you the final composite number this is higher than the initial estimate of 50. 2 the services as well, weve had a couple of Services Come out. Final services pmi has come in at 52. 2 versus 51. 8. We saw a final break down to bring you those. The final number for france was much higher than expectations coming in at 52. 6 versus 50. 8 in september. Higher than the flash. Also for ger
Bbc. Co. Uk news and the news app. Now on bbc news, live to singapore for Asia Business report. Brexit uncertainty as European Union is set to decide on how long to expand the uks exit deadline. We will look at how this is impacting businesses. Argentinas next president will challenge Alberto Fernandez to win the next election. How the rising cost of living was a keyissue how the rising cost of living was a key issue for voters. Good morning, asia. Hello, world. Iam glad key issue for voters. Good morning, asia. Hello, world. I am glad you could join us for another action packed version of Asia Business report. Starting with brexit, the European Union is expected to announce today or tomorrow how long it is willing to extend the uks deadline for leaving the block. This is after it was agreed in principle to agree writtens exit beyond the end of the month. What does this mean . Joining me now for all the details as my colleague and Business Report at mariko oi. A lot of enterprise are c
Of yields, and the question for the market is this. Is the fed a shoe in in terms of the rate cut that we expect . By the way, does anyone care about a 1 trillion deficit in the u. S. . Yousef the winds of change are upon us. That is what the folks at Morgan Stanley say, their chief equity strategist put out the notes. The returns from u. S. Growth were surpassed by their expectations. Lets get to some of the other market action, and a bit of a rep from hong kong with sophie kamaruddin. Sophie asian stocks are extending, but we are seeing volatility with tracking lower. Bojhead of the fed and the meetings later this week. Results. D see solid check out hsbc, the stock falling in the afternoon section. The stock edged higher in the morning session. I just want to highlight the continued selloff in chinese bonds as well. The 10 year yield dumping the most in the six months, with momentum. Oficymakers are wary aggressive stimulus. Worsening chinese Economic Data could strengthen the bull
Bank. Micron issues a trade warning. Shares down this morning on a disappointing outlook and ceo san yjay mehrota joins us in a e minutes. Tell the story. Im sorry to interrupt. No problem. Eagles won last night i can do whatever i want. And half of the debuts trading below their offer price. Does that spell trouble for the ipo market wells is up in the premarket after naming bank of melon Ceo Charlie Scharf he held the top job at visa. Wells plagued by scandals struggled to find a replacement. Alan parker will stay interim until scharf joins the company the Conference Call is under way and well bring you developments on that. He had quite a run at visa and left for geographic reasons really. Yes, he did able to stay in new york, his family still going to be with him. One daughter right there, another one close by, folks nearby, very much dedicated to them i got to tell you, congratulations, or as people would say, as president ford would say, their Long National nightmare is over. I t
Especially big oil and big attack. We will have the likes of credit suisse. Its very much so a mixed fixture mixed picture. Are mixed financials this morning. Also interested to see how retailers will do today given the fact lvmh looking to make a bid for the blue box, tiffanys. Staples and industrials are in the red, looking to be a risk off here in europe. What are you seeing across individual names . Winners butrs and lvmh is at the top of your list as far as Companies Adding index points or holding us back from further losses. Adding points to the index, you shall in second place there. Luxurygot some other stocks there carrying specifically. If you look at the losers here, onc is the biggest weight the stoxx 600. Taking out about 2 10 of a point from the stoxx 600 down half a point right now. Unilever are also losers today. You do see two of the biggest newsmakers, Louis Vuitton making an offer for tiffany is the biggest gainer. Asc earnings disappointed the biggest loser. The ind