Through with pockets of fear. S. A. P. Shares bounce. The ceo outlines how integral Artificial Intelligence now is to that business. We are embedding a. I. Until the center of the Business Models of our customers to deliver immediate results. Our customers are paying for what they are using. Our model is flexible. Swiss pharma giant novartis boosts its guidance with the net revenue jumping 10 in the First Quarter. Our u. S. Colleagues will speak to the ceo later on today. And renault confirms the fullyear guidance after revenue jumps 6 in the First Quarter at 11. 6 billion euro. Good morning. We start the show today with breaking news when it comes to pmi data from the eurozone. Let me share the latest numbers with you. When it comes to the composite flash figure, it came in at 51. 4. That is above what markets were expecting at 50. 7. It is also an upgrade from the march figure. The overall composite number is coming in higher than what analysts were expecting. When it comes to the br
11 15, london time. If you look at the dollar, its heading higher. Thees speculation that next head of the Federal Reserve will be hawkish. There is a little bit of concern about north korea. That also gives geopolitical risk more of an impetus. Touch,o is weakening a as investors weigh during the standoff in catalonia. That is the expectation that brexit talks are heading for a breakdown. I am also looking at gold. Lets get straight to the bloomberg first word news. Reporter north korea has warned that a Nuclear War May break out at any moment. The comments come as the u. S. And south korea began one of the largest joint naval drills in the peninsula. Un expressed that his country is a Nuclear Power and warned the entire u. S. Mainland is in range and called north korea responsible nuclear state. Brexit missions to aussels might have been flop. According to a person familiar with her teams views, Senior Administration are now losing faith. Mitch mcconnell has presented a united front,
Euronext, for 510 Million Euros. Helping to clear the way for a merger with Deutsche Boerse. An upgrade for Intercontinental Group after barclays gives the hotel chain an overweight rating, sending the shares to a record high. Good morning. Welcome to street signs. If youre trading here in the uk, happy new year to you. The ftse 100 is out of the gate today hittinging fresh record highs. Joining the broader eurozone, which did see some of its highest levels of more than a year yesterday for the first day of trade of the new year. Today were looking at more strengths with the stoxx 600 going into bull market territory. Lets give you a shot of the individual bourses. The ftse 100, higher by 0. 8 . Just below the record we saw earlier in the session. Xetra dax higher, but basically flat for the main market which did enjoy sharp gains yesterday in the neighborhood of 1 . Clinging in positive territory. The french main market higher by a half percent. The ftse mib higher by 0. 13 . Yes, the
A pound is interesting. Lets talk about that throughout the show. We have equity markets. There is a decent rally from friday. And then oil is the story as well. We have Ryan Chilcote joining us shortly to talk about whats been going on. 2. 65 . Up we can blame the russians for that drop. And the dollaryen, down. 6 . Lets check in on the first word news. Theresa may is dismissing claims made by boris johnson. He called for a bloomberg he called for a points system. Theu. K. Needs to speed up Bloomberg Program he needs to speed up the brexit program. Speed up the process especially in the external dimension. And therefore we cannot waste two years on the u. K. With how to maintain them inside without one of them wanting to be inside. So we cannot afford that. He also said that the u. K. Should expect a limit on exports to the eu. It was a political humiliation for angela merkel. For the first time, her union lost the antiimmigration in the state election. Her popularity has plummeted si
More support in terms of his policy. Lets have a little check in. Rio and billiton coming lower along with anglo american. A little commodities complex shifting with a downward bias. Three companies are on the move. I know that you are going to play some of that interview a little later on. Theyali, they are saying are on target to deliver cost cuts of 750 Million Euros next year, one billion euros in 2016. They had a cap of 40 . They are free to do what they like. Trying tothey are sell 2 billion worth of assets in the north sea. Five people that we are familiar with say that deal is potentially under pressure. Icap. A profit fall at you are dealing with is one month with colossal volume, the next month, things changing. You have a couple of individual stocks that are worth focusing on in todays trade. Having a look at the broader complexion of where we are, i think this really says it all. The dollar generally reversing. You can see the population. It is a crowded trade, some people