Stateside as a special council pushes ahead with allegations, and some concern about tax reform, the implications that might mean for a key legislative win for donald trump the other big news crossing was suggestion thats overall Corporate Tax rate might end up around 20 by 2022 which is underwhelming in terms of expectations for a lore rate of 15 . Just fading on wall street also in asia today disappointment around the data sharper than expected slowdown in the factory growth orders all of that is being digested in europe as a number of corporates are crossing the tape. In the uk, were close to the 7,500 mark as we inch forward by ten points the French Market trades on the flat line. Were not showing you the dax as it is closed today the rest of the markets open, leading into the green the exception is the zurich stock market fade big 0. 1 getting into the big earnings, bp posted an underlying replacement cost profit of 1 1. 8 billion, that has beaten expectations they announced they
Credit suisse Ceo Tidjane Thiam tells cnbc the banks restructuring plans have started to bear fruit. Often people say, well, we focussed on the costs, not yet the revenues revenue is 9 , costs are 6 . That drives the operating leverage that you see in the numbers. And that will continue barclays sees its first earnings hit by the divestment of its Africa Business, but the shares move higher as Ceo Jes Staley tells cnbc the bank has turned a corner. Were now a clean bank and restructuring is over. We feel good about how the bank is positioned. We are free of all the legacy issues adidas shares hit a record high after the german sportswear maker raises its fullyear Sales Guidance ahead of next weeks numbers. Shares of renault drive lower despite a 17 rise i first half revenue, as analysts raise concerns about the french automakers levels of leverage absolutely huge set of numbers out from the Banking Sector this Week Barclays has posted a 1. 6 billion pound loss in the first half of the
Have data points pointing at clients and investors being more optimists and ready to be constructive about the situation. They are really looking for concrete actions by the new administration in the u. S. Bts head of Continental Europe steps down amid via italian accounting scandal but the companys ceo says the situation is under control. Time to raise a glass as lvmh posts record fullyear profit and sales lifting the stock towards alltime highs spurring gains throughout the sector. Good morning. Welcome to street signs on the last trading day of the week. Enough earnings optimism this morning but thats not enough to lift the overall stoxx 600. We are looking at a bit of weakness across the overall heat map today. The broader index lower by 0. 3 . Yesterday the dow jones hit yet another record high stateside. The s p 500 and the nasdaq pairing off their own intraday record highs. In europe, investors are digesting a fresh round of earnings and m a activity. Lets see how that is carryi
narrator the quest for immortality the desire to extend th certainties of life beyond the grave is as old as egypt itself. The pyramids at giza, the wonders of the ancient world, were not just designed as the pharaohs last restingplace. They were the first stop on a long nights journey to everlasting life. By 1550 bc, power had shifted to a n kingdom 500 miles south in the ancient city of thebes, now called luxor. To the west, in the hills beyond the niles west bank, the royal tombs of the valley of the kings were cut into limestone cliffs. Their interiors are richly decorated with hieroglyphs and paintings signs and symbols that detail the necessary steps to attain immortality. Egypts power and the grandeur that came with it were wellestablished by 2500 bc when the Great Pyramids at giza were built. The sphinx was a philosophy of government set in stone. It depicted the king as fearless, cunning and brave as the lion. And as crucial to egypt as the nile itself. The king was not just a
Great job done by mark barton today. That is on this index, the dax. You are looking at the best quarter since 2003, and equity index that has added 200 billion euros in value. You are looking at 25 out of 30 components of the dax over 10 . It really is a great synopsis of what has gone on in the dax this year. Bank of america merrill, 63 of Fund Managers favor the european market. That is very much evident in terms of what is going on. Dealmaking, banking, getting the deals done bartering as to who will run the company between the lafarge and holcim deal. Buying 6 billion euros worth of assets. It will make crh the number one player in cement in the united kingdom. What has albert got to do with u. K. Holdings . Holcim and lafarge, will they get the savings . 77. 25, 77. 30 for wholesome. Credit suisse, another day another scandal. What youve got there is, monte dei paschi is suing Credit Suisse for alleged unauthorized financial activity. I should say that banko leonardo is also incl