Very warm welcome to bloomberg daybreak europe. Lets get straight to breaking news. Fourthquarter net income, 1. 6 billion euros against an estimate of 1. 4 8 billion ahead of the estimate. The ratio, 12. 1 , looking for other numbers, the revenue number coming in at 5. 1 2 billion. It looks like it has beaten the top and bottom lines, and the dividend comes as anticipated. The story is on Asset Management for growth, trying to offset the impact of lower negative Interest Rates and Rising Capital requirements, which forced them in december to take it right down on the french Retail Banking business. More diversified and less dependent on rivals on the trading side. What expectations do they have for growth in the Retail Business . The creditak to agricole ceo on a European Market and 8 30 a. M. U. K. Time here in london. Lets get to the markets and see where we are trading at. In the asian session, the asiapacific region, the market ,ooking flat, pretty confused unwilling to take risk
Southeast asia, gdp out of fullyear growth for 2019, philippines not playing ball the first trading session and dollaryen, gold, oil and treasury futures looming, looking at where we go moving forward as well. Dollaryen 108. 66 and gold futures pulling back slightly, by a futures contract. That is the markets. Uneventful. Here is the first word news. Kim jongun says he is no longer bound by a pledge not to willmissile tests and debut a new weapon. He says u. S. Sanctions leave him no choice but to reconsider commitments that underpinned his meetings with President Trump. Trumps reaction was muted, repeating that kim agreed to denuclearize. Hong kong kicked off the new year with renewed protests, vandalism and tear gas. Demonstrators and Police Clashed into the night after tens of thousands of mostly Peaceful Protesters took part in a march. Protesters vowed to maintain their fight for more democracy and less chinese control. Willdent trump says he finalize the first phase of a trade de
Nejra welcome to daybreak europe. Lets get a look of the markets. Another day, another record for the s p 500 with communication and tech stocks leading the gains. The s p 500 riding rising above 3200 ever. 3200 for the first times ever. The 10 year yields steady. Still above that 190 handle. Could we push towards 2 on the optimism over u. S. China trade. Atexpect a deal to be inked the start of next year. Lets switch over the board. Yesterday, we touched 31 basis points, the steepest since october 2018 on the 210. That reflects the view in the market that we see a little bit more today. Recession fears receding for 2020. We speak to socgen this hour. They have gloomy forecasts out there. No deal risk has been coming to the top of investor minds again. Oil also heading for a weekly gain on optimism around u. S. China trade even if we are flat today. , andrew of england bailey has been chosen to succeed carney as governor. The chancellor could reveal the appointment later today. Governo
Investors are not so sure. A Virtual Reality platform picked up for oculus. We are live in san francisco. Lets get to sophie forecheck on markets. Sophie aussie shares are unchanged after a threeday gain. Kiwi shares building on gains after topping 11,000 on tuesday. Nikkei and cost be futures kospi are lower. Slide despite the enthusiasm we saw for alibaba shares, which closed about its issuance price. Lets check on housing bonds, which are gaining ground after the rba governor the move tracking treasuries. Aussie yields falling 35 basis points across the curve. The three years left below the rba cash rate. A bond rally expected to push the 10 year to 50 basis points with unconventional easing expected in the second half as the australian economy slows. The kiwi holding its threeday gain. This morning, we heard from the rb governor. Mentioned rbnzso is working with westpac after the findings in australia. Paul thanks very much. Lets check in with first word news. Chinaly indicators sh
Rbf and barclays to follow. Today, we hear from the cfo of Software Giant sap. Welcome to bloomberg daybreak europe. Has described Boris Johnsons situation this morning looking at a fruit tree but unable to eat or drink anything. He is going to try and put a meaningful vote to parliament today. Speculation is he may have those votes by just 16 in terms of that amendment. And then we look ahead to this week. If we get a vote, we asked whether it will pass. Optimismms to be some in the market. Sterling is softer today but the drop of. 5 , nothing compared to the gain of 5 this month. Votef them saying a was passed this week. , credit of strategists agricole, we could see 136 in the mediumterm. One week volatility staying elevated near the 2016 highs. Manus. Manus that is the conversation we had yesterday. He said a lot of the risk is in the Options Market, not in the spot market. Hard brexit risk runs for the rest of 20 20. Even if he gets a deal over the line because he has a lot of tra