Preps for more restrictions. Plus microsoft beats estimates on booming cloud demand. Another big earnings day in europe. Numbers fall from Deutsche Bank in just a moment. We speak to the cfo. Saving at Deutsche Bank, swinging around. 182 Million Euros of profit. Fic up 47 . Fic out wall street banks up 25 . Deutsche bank, good volatility for them. Even though you have repressed volatility in the market, beating the United States wall street average of 25 percent, swinging to a profit, confirming fullyear credit losses provision. Let me just to give you some of those details. They are confirming that for the overall year. The cost goal is going to be 17 billion euros. That is what they are telling us. Of 19. 5 target goal billion, the net income, the numbers come so hard and so fast. Let me refresh my screen. They arethe reaffirming. I need to get this number. They are reaffirming positions for credit losses. That is coming through. 2. 6 2 billion, that is interesting. The estimate was
The streets in a peaceful protest in hong kong, one of the biggest since the beginning of the unrest. Were live on the ground. Very warm welcome to daybreak europe. Nejra is on a welldeserved holiday. Yield overnment on bond yields. Talk of fiscal response from germany. Doing very well. Three little words from the white house. And jackson hole. 30year paperback above 2 paper back above 2 . Week, thereure last was a demolition of view. Mohamed elerian writes an oped. We will talk about it. The risk is that we have talked ourselves into a negative feedback loop. Were overdone on this bond trade. The oil market is reflective of a slightly better tone to the market. Well, thatsery what donald trump has said in regards to trade talks. Drone attacks to saudi arabia. In saudi arabia. Six rigs added to 770. Thats your oil market. Dollaryen has risen by 2 . Is it a oneway trade . Do you want to belong, be long yen . Goldman sachs says yes. You want to be long yen into jackson hole. Positioning
Markets gyrate. The fed manus a challenge of outlook for deutsche bank. Deutsche post. , 4 fullyear earnings billion4. 3 billion. Previously, that was 3. 9 euros. That is what the market most likely will focus on when it becomes the actual numbers confirming the 2020 forecast. And the Second Quarter even. Ahead of the estimates of 756 billion euros. It is all about the guidance for deutsche post. Loweringaw was the imf the basis points. Lowering the outlook for air freight volume. And they expect ocean container growth of just 2 . Youre seeing a negative skew from the various highs in terms of what we can expect. Im expecting a very big Parcel Delivery for you this week. Good morning. Nejra manus, i cannot wait for that. Ray to have you back. Let us turn to the markets focusing on the u. S. Naming china as a currency manipulator. Droppedy, the s p 500 3 . The biggest drop this year. Turning positive. Up 0. 2 . And the 10 year yield after hitting a 2016 year low after a 2016 low yesterd
20 years of independence. Almost 90 of 3. 3 million eligible ballots have voted for statehood. Hasgovernment in baghdad pledged to do whatever it takes to prevent succession. The kingdom bolsters its finances amid an economic overhaul. There has been 4. 5 billion of the 30 year offering. Submit 40vestors billion in beds. Banksw zealand central has held rates at a record low. The Economic Growth outlook weakens and inflation slows. The new Zealand Dollar fell on the announcement. The german finance minister is ready to get give up the post that made him a dominant figure during the euro crisis. He is a veteran of Angela Merkels three previous cabinets. He was charged with helping to renegotiate the unification of east and west germany after the fall of the berlin wall. U. K. Consumer confidence rose to its highest level in six months. The report from the center for to signs that Consumer Spending is starting to recover after being held back by faster inflation. Hefner has of hugh died a
Welcome to bloomberg daybreak europe. Manus we have a stacked lineup for you, a little bit of a nordic flavor and will kick it off. Anna nordic numbers coming through, the bank in stockholm sweden, and theyre waiting with the head or decision. More on that in just a moment. Well get to the secondquarter ofbers, above estimates 18. 8 . The Net Interest Income 1. 18 billion, below the estimate of 1. 21. This,ne was looking for will the domicile stay or go . They now say they will make the final decision in september about the domicile. Now saying it will be a little later. That sweden considered they will consider joint banking unit. Copenhagen also tutoring joining the Banking Union. Finish be a danish or destination . Us in about 15n minutes time. With battling it out oracle and elsewhere. 500 Million Euros is what youre getting with the Share Buyback. Forecast,f revenue they are raising the overall revenue forecast based on the foritional, the full year operating profit will be betwee