Resolves itself. Theresa may hopes her speech in florence will break the brexit deadlock as she prepares to offer better protections for eu citizens as well as outline the divorce payment plan. Loreal shares jump as the death of heiress Liliane Bettencourt puts the beauty companys agreement with nestle under review, opening the door for a stake increase or even a full buyout. Good morning its friday. Let me get straight to some data in the form of the eurozone flash pmi for september. We saw prints coming out of germany and france those were much better than expected what youre seeing from the eurozone is better than expected flash composite is 56. 7 verses a forecast of 55. 6 and an august print of 55. 7. Thats better than expectations. The euro dollar pair is rising on the back of these prints. Up by 0. 4 still below the 1. 20 handle. Currently at 1. 1990. Lets look at how european stocks are faring. The stoxx 600 off just a smidge. Just really a busy day not just for the markets, bu
, the nationsa central bank under fire with some politicians demanding it be put under government control. The countrys Credit Rating is still at risk in an interview with the Central Bank Governor coming up on bloomberg. European equities are trading now, 30 minutes until the end of the thursday session, up for a six consecutive day, best run since april with greece leading the way with a gain of 2. 5 . Currencies are gaining against the dollar across europe, led by the british pound. Sovereign bond yields, commodities, the final columns. Novartis considering a deal for Radiopharmaceutical Company advanced accelerator applications, the swiss giant drugmaker seeking acquisitions to boost growth according to people from the are with the matter. Radiopharmaceuticals, also known as radioactive drugs used to diagnose and treat diseases like cancer. Novartis is hunting assets to bolster it is mrs. And areas from cancer businesses and answers and cancer to cardiovascular disease. Confidencec
Postdivorceier says trade talks are underway, and the u. K. Much must offer more. We have breaking news in south korea. It was a data dump morning. The surplus widening. Year on year, 6 billion. Industrial output rising 2. 7 . This is also for the month of august. That is well above what economists had estimated at a gain of 1. 3 . The number to really watch is the factory output, the industrial output, 2. 7 . We did see a revision and inkage or decline, 0. 2 down 0. 2 in prior months. A lot of the focus is on how these numbers have been changing with the geopolitical tensions in north korea. Is that going to dampen consumer demands and outlook for south korea . Yvonne mark yvonne it is interesting, month on month numbers in industrial production, i saw weakness in the month of august, less than expected at 0. 4 . We saw that survey this morning, looking less positive when it comes to manufacturing, as well as the export growth manufacturing. Export growth, we saw 31 jump from a year a
Hello from sydney, were just past 9 00 a. M. This is bloomberg daybreak australia. We are an hour away from the opening of the major market. Its just after 5 00 p. M. In new york, im betty liu. Over the weekend, the incredible news out of saudi arabia, the 11 of 11 ministers princes, for ministers, dozens of current senior officials. It was prince al believe in so all and his arrest that stunned the markets and pretty much every single senior head of state. He was arrested at his desert kevin. Making seen this prince a Huge Investment all around the world, particularly here in the u. S. By investorss about what might happen when the markets open, given this breaking news over the weekend. , the 50the him richest person in the world. These are some of the companies that he owns, at least a 5 stake in. Jd. Com. Apple, list, he is worth about 19 billion, but this seems to be consolidation of power by prince mohammad bin salman as he , orntially takes the throne consolidate his power ahead
In connection to the manchester attack. Further attack may be imminent. The change in the threat level mean theres will be Additional Resources and support made availability to the poliavailab police as they keep us all safe. Legacy issues hurt like for like sales for two of britains top retailers. France still provides a headache for kingfisher, with sales down over 5 while clothing weighs on m s. Good morning. Youre watching street signs as always at this time of the day. Glad youre with us once again. We have another busy show for you. Lets get straight to the European Market action. The ftse 100 a bit higher to the tune of 0. 2 across the board were seeing a fairly uneven picture. The dax is down a notch. The cac 40 is up by two points. A fairly uninspiring trade at this point in time. Lets show you the sectors one by one. You heard it in the headlines. Basic resources the biggest underperformer off 0. 6 . This may be down to the cuts in chinas Credit Rating and maybe oversupply in