For a conversation with stefon engels. Welcome to daybreak europe. From unicredit, First Quarter net comes in at 1. 1 billion euros. 995. 3 million. S that is a beat. It is confirming its target for 2019, the target for revenue it is confirming it of course, what we heard earlier this week was that it was selling its entire stake. That is a reminder of that. In terms of the update today, the main number to draw your eye to his the Third Quarter net, which is a beat. Lehmans numbers coming in as well. Fullyear adjusted, industrial businesses, 9 billion euros. The estimate was 8. 61. That is a beat, at least on that number so far. Looking through some of the other headlines, decline in market volumes for short cycle businesses. This was a problem last quarter as well so it seems this issue is still remaining. Year 2020 of 6. 3 to seven euros, excluding charges. The outlook will be something analysts are keen to hear more about. The global Macro Economic development, some dude in the full
Financial sector to its part in fighting lemon change. Climate change. A lot of the focus is on trade or what will happen between the u. S. And china. Gold, always a good litmus test for risk. We can see the yield at 1. 85. Stocks gaining 0. 4 . A lot of focus is on earnings. Loose of ex conversation with the commerzbank she chief Financial Officer. Dont miss that conversation after 10 30 a. M. London time. First, lets get straight to bloomberg first word news. In the u. K. , the first cabinet resignation during an Election Campaign in a century. Quit after aretary report that he knew about a former aides role in the collapse of a rape trial. Ae labour party also suffered blow with deputy leader tom watson announcing he will leave politics after 35 years. He has long clashed with Jeremy Corbyn over the direction of the party. Willank of england probably keep rates on hold as brexit continues to plague the economy. It is expected to cut forecasts. Be nexttion is who will to lead the ban
Democrats actions are tantamount to treason. Ton has a, pellele poor showing this week. The eu starts to question Boris Johnsons ability to deliver the brexit deal by october 31. Talks resume in brussels today. Matt less than a halfhour from the european open. Dax futures gaining. 0. 2 . Utures up it does look like we could have a risk on start to todays trading session. Look at thehave a futures which suggest movement. Troubles by some of the distractions on capitol hill. Waiting for new headlines on trade and the Global Growth story. We see some weakness. When you look at the japanese markets, a lot of exdividends. Probably speaking we see weakness. The overall market is expected to go higher. We could see weakness in technology. Micron not as optimistic as they were. Andee the tech heavy index look for some reaction in the european markets. Lets talk to our colleague mark cudmore from the mliv team. You about our question of the day, what is needed to stop this flight to safety . Ha
The u. S. And china announced they will hold trade talks in the coming weeks. To visit washington in october. Asiay markets again across with rallies in europe and the u. S. The yen and gold take a hit. And boris is beaten again. Armament rejects a Boris Johnsons demand for a snap election as a bill to stop no deal brexit gains momentum. The first, tome my knowledge, the first leader of the opposition in the democratic history of our country to refuse the invitation to an election. Matt good morning from berlin to less than a half hour away from the european open. Taking a look at treasuries. They cant make up their mind and you see this when you look at other safe haven assets. For example, the yen of lost a lot of ground and is now coming back. We are quite sure whats going on. Indexes in hong kong are dropping. Verywhere else, we are seeing gains. We are seeing gains. They are all solidly in the green. Up. 8 . Dax futures ftse futures up more than. 5 right now. And anna, there is st
Than expected. That means we have a bit of a risk off move. We had moves from the central bank of new zealand, and overall, new zealand stocks are gaining. There is quite a lot of movement when it comes to commodities and we will have a full roundup of centralbank action and its impact on stocks and commodities. Coming up, we speak to the commerzbank chief Financial Officer. Dont miss that interview live later on bloomberg surveillance. Lets get straight to bloomberg first word news in new york city. Chinas currency policy is staying at the forefront of the trade war. Referenceet todays rate at marginally stronger than seven a dollar. Avowing to keep the Exchange Rate is vowing to keep the Exchange Rate study. Westminster and brussels blame the other for the diplomatic breakdown. Michael gove is in charge of planning for a no deal and says the eu is not bracing for a new agreement. The Prime Minister has made it clear he will not sign a deal that includes the irish backstop from a red