Unicredit reports its highest Fourth Quarter profit in a decade and rolls out its first Cash Dividend in half a decade. Shares in swiss re spike nearly 6 at the open addres ja softbank looks to invest in the insurer. Insurance is finally a very interesting industry its in a transformation its in a radical revolution the parameters that run the industry and constrained the industry for years no longer exist. And chinese imports surge in january and contributes to the yu yuans worst day in 2 1 2 years. One of the big stories, softbank in talks with swiss re about taking a stake in the company, that sent shares close to the top of the stoxx 600. The deal could be worth around 10 billion and would give the Japanese Firm a onethird stake in the reinsurer swiss re said the talks were at an early stage and theres no certainty any transaction will be agreed. Doesnt seem like investors are seeing it that way Zurich Insurance reported fullyear net profit ahead of expectations the figure came in
Topsyturvy trading going on. Bit daytoday was a little weaker. I didnt think it was that horrible. Kirilenko 14 jacob guy if you 14 . Caroline guy if you cant if you really think about how we got to that number there are mitigating circumstances but the u. S. Market essentially bounced back toward the close yesterday so we did see a largely positive and to the day. 5 could see we were up by and the average was up by a 4 10. The equity markets did not feel like they got knocked but they have had some bad days. Caroline and it is easier to see such volatility when you have volume 15 below the average of the past three months. House end it was the builders that managed to fuel that resurgence. Guy chance that everybody is talking about and i have read my third article now the producer pointing another when out this morning is this chart here. Post china seems to have got everyone thinking. It is basically equity markets continuing to rise but highyield credit on the way down and it is tha
Today. They are all falling led by greece. Down by over 1 . European stocks falling for the fifth day. Worst run since may. Sterling is down. We will come to that with David Blanchflower. Finalcommodities is your three columns. A quick peek at the european economy. Its on track for its best year in a decade. Headed towards a golden period. Still, the recovery is lagging behind that of the u. K. And the u. S. Growth is nowhere near levels recorded at the start of the millennium. Unemployment in the periphery still exceeds 10 . This is from 2008. Thats the starting block. Real gdp. Lets get to brent crude. Hedge fund bets on rising brent crude prices hitting a record high. Continued tensions in the middle east sending prices to their highest level in two years. Raising their net long positions by two point 4 to a record. 543,069 contracts in the weekend of november the seventh. Long surging by 2 to an alltime high. Short tumbling 2 to the lowest level in more than a month. China. Nt to m
And chp sent their helicopter off and lowered someone to the scene and checked the boat out and declared them both dead at the scene. Reporter we just received a few minutes ago a statement from icons ceo saying this was devastating for us and our thoughts and prayers of our entire organization are with families of both people onboard. They are truly amazing individuals. An Investigation Continues into why exactly this happened after just a short 20 minute flight. We have done stories three years ago when this plane launched, first made available to the public. Its a very special plane used for sporting and recreation. Well keep you posted as soon as we learn anything more. That this is latest here. Abc7 news. Well send it back. Just last month another single engine icon a5 crashedrad and the passenger and pilot survived. They were out for a demo flight when the plane had an extremely hard damage and caused the aircraft to take on water. To the initial investigation suggested pilot err
C is for costs. Out for that falls on concerns around advertising spending. Ads, will they eat into profits . Hour less than half an till the european open. Lets look at how futures are trading. We have green arrows across the board. The strongest gain on equity Index Futures is in london. The ftse there am a futures trading up. 4 . The frankfurt trade, a point dax futuresain. 2 . Not a lot of Movement Today as there wasnt yesterday, either. Yields hovering around the 0. 5 level. Right there right now. The question is, will investors really go risk on today . Buy stocks, sell the booms and try yields up . And dry the yields up . Dollaryen,e got dollar down, yen rising for six days in a row. 110. 86 is where we are. One thing that, i cite this morning was the japanese Government Bond market. The 40year paper. 2005 forst demand jgbs. That is why yen is a little stronger this one. Some oscillation in north korea, south korea and china. Europe set to open up 16 . Currency is the prism thro