Gets a boost from u. S. Taxes and new drugs in the pipeline. The ceo says china is a major focus. China is getting much, much more important for us. In diagnostics its already the second most important market for us its still smaller on the farm suite cal side, theres no doubt the market is strongly growing. We scream for ice scream unilever sales beat expectations as the ice cream business returns to growth but the ceo says a mix of flavors from m a is needed to keep expansion from softening. We have a good cadence of developing our own brands. At the same time we compliment our portfolio. We are moving these businesses premium on a combination of organic, new brand launches, as well as m a activity just seeing some eurozone pmi manufacturing numbers coming out. They matched the forecast of 59. 6, down from 60. 6 for december the january manufacturing pmi numbers for the eurozone on the back of positive numbers out of other European Countries the dollar up slightly this morning to 1.
Across the curve in the u. S. We also have some powerful services in europe, bunds one of the biggest underperformers, yields higher. We also have jpmorgan and we are getting some headlines that i wanted to highlight, net to 55t income of 54 billion. They are also targeting, if you take a look at the pretax income compared with 40 in the last year. David it looks pretty good. And that return on tangible capital, we are all projecting broad numbers. Alix and we see them benefit from tax reform. David and in the meantime, discover communications came out with their earnings, 636thquarter adjusted is over the projected 612. , so it Beat Estimates looks like they are having it good day. Alix yes, indeed. They are also looking for some doj clearance and are looking for that information. David it is now time for the morning brief. Jpmorgans investor day begins with remarks from the ceo, no doubt about the things we just talked about. Also 8 00, macys will release earnings. And then we will g
Policy i think we need more cooperation. That was my message, thats why i believe in this new global pa pact u. S. Tax reform is a big deal for Barclays Says the banks Ceo Jes Staley saying yus europe will need to keep up to stay competitive on one level its clearly changed or will change the dialogue around how countries are coordinating globally both in terms of how to deal with business as a function of r regulation and tax. And diageo sales up. Diageos strength is about topline growth and efficiency i call it the perfect blend. Im akiko fujita live in davos. We have heard from u. S. Treasury secretary Steve Mnuchin again saying he thought his comments on the dollar were clear he said he is not concerned with the greenback levels shortterm. This after the dollar fell further against the euro on his opening comments in davos, saying that he supported a weaker currency. Geoff will speak to the treasury secretary on a panel, the remaking of Global Finance at the forum today, which also
European equities are going to be more profitable than the United States for the First Time Since 2008. Earnings will rise just under 7 . That is up from just under 5 . U. S. Wages rose at this lowest pace since 1982. What does that do for the debate about whether you get a september lift off from the fed in terms of raising rates or december . Harris is opening flat. London is down by an eighth. Youve got billy real and intercontinental. Iron ore as retreated back to 50 from its peak. China storyng that play out on rio and billy in terms of the reality of the slowdown in china. What happens next in terms of stimulus . Hsbc up 1. 64 . Pretax profit rising. They are selling the brazilian asset. They took a little bit of a hit. A couple individual names. Nokia, heineken, ill just show you those, hsbc up 1. 3 . Heineken up 1. 9 . Not a bad report from heineken. Anna spoke to the worlds number three brewer. They will see a moderate level of growth in their volumes relative to 2014. Up 2 .
December if we see a significant deterioration in economic data. We get the new jobless the new job claims tomorrow. And in the payroll will we see a third month . Were up 0. 3 in france. Later today will see how greece will handle it in two days. All eyes on the dollar. We saw the wall street journal coming up. That statement that he thinks there will only wait if there is a significant deterioration. We have seen gold continuing to selloff over the past few days and we do see no one being leeward into it no one being lured into it. Lets have a little look at oil and we are starting to see oil racking up a little bit. An interesting ceo interviewed by anna earlier. We are trading up some several percent over the past couple of days. Everyone is waiting to see where the u. S. Stockpiles go. Will we see them fall as many anticipate . We are seeing fivemonth lows when it comes to the prices to put them in perspective. We have had a number of earnings in the banking front. Member they see