Anna daimler out of the doldrums, the german carmaker beats estimates for the Third Quarter and will continue cutting costs. Tesla puts pressure on rivals after surprise profits. A challenging quarter. Operating loss this quarter as its income was impacted. To the stagetakes for the final time as ecb president. We are live in frankfurt all morning as he leaves behind a divided governing council. Matt miller is on the ground in frank for. Lets talk about markets. What are we expecting to see for equity market . A lot of green coming through. Dax futures suggesting upside. Maybe something more muted on the london market. Corporate earnings from germany, france, norway and in between. Interest to is of anybody in banking. Ftse 100 is seen weaker than other equity markets in europe. What is happening in the asian session, the standout moves. We see some upside in the asian equity market. Indonesia, hong kong pointing nicely to the upside. Profits even from the u. S. Seems to be comforted.
Anna dup says no. Sterling slides. Northern irish allies cannot support the brexit deal as it stands. By billion to shareholders 2022 as Sales Estimates are missed for the Third Quarter. A president ial meltdown. Pelosi accuses donald trump of hurling insults at her after lawmakers criticize his withdrawal from syria. Republicans say the speaker was at fault for walking out of the meeting. Good morning. Less than 30 minutes until the start of cash trading and equities. Is almostng the pound all that matters for the moment. Every minute it seems we get a new headline on brexit. I just heard you talking to and the poundra, has come down. It is weaker in dollar terms. 127. 56. We will no doubt have this chart up for most of the day and most of the week, and maybe most of the year. Take a look at teachers. We do see a mixed picture with weakness in the pound comes a little strength. Dax futures and cap futures are down. If you look at u. S. Futures, S P Dow Jones and nasdaq many contracts
Upside we are seeing and some of the other parts of the Continental European market. And with perspective, it seems to be one of those days where the markets are looking on the bright side. He saw that in the Asian Session and the futures, and the u. S. Futures pointing higher. I do say we see some areas of red. We have been focusing on the scandinavian financials and have had some reports this morning, so we will see, but elsewhere, matt, i see a lot of red on the board. On thereat deal of red board. It seems the market just wants to go higher this morning. Matt yes, and we do see a lot of scandinavian movers who have put out earnings today for one reason or another. The big movers to the upside, if you take a look at a number of stocks gaining, 409. The number of stocks losing 159. This to percentage movers, anna, so we will see a difference. I did this because a couple of the Earnings Companies are not big Market Movers but still making a lot of headways, so there is a logistics com
Make their singhas biggest theye day moves as move toward a brexit deal. President trump says u. S. China trade talks are going very well. They continue in washington today. Plus, reports of an explosion on jeddahian tanker near send oil prices spiking. Matt we are 30 minutes away from the european open. I have got those oil prices on my screen. This is a threeday chart of brent crude. It has been climbing anyway on optimism for a u. S. China trade deal, so it was already up to almost 60 a barrel. Now it has jumped over that at 60. 40 on these reports, first from reuters, then from the oil news agency that i missile has struck an oil tanker and it is leaking oil into the red sea. Lets take a look at futures here. Weer we saw stackocks rally, are seeing futures rise on european indexes as well. On thet on the dax, and continental indexes, gaining when you have a big rally in the pound, then you expect to see a loss in equities, that negative correlation. Is it breaking down . I know you
In seven months after a meeting with u. K. Print minister Boris Johnson. What i would hope is that what happens today would be sufficient to allow negotiations to resume in brussels. Nejra and changes at the top. Saps longstanding ceo announces hes stepping down as rental looks to rental replace thes to ceo. Matt good morning from berlin, nejra. We have had a lot of fed news out, a lot of trade news out, a theory a news out. Basically, washington is the place to be. Nejra i found the comments really interesting in terms of what he might see as a rate cutting cycle. Well get into that. It is the trade news dominating markets. Investors taking the positive side, the fact President Trump says hes present for talks with chinese vice permit or. If vice permit or. Vice premier. Matt we will have to talk exit brexit again today and tomorrow, as well. We do see asian stocks falling, u. S. Stocks up on positive trade news. We just heard donald trump say the attorneys have been very nice and the