Anna welcome everybody to bloomberg daybreak europe. I am anna edwards. Lets get straight to the blank breaking news. We will talk to the management of these companies. We have numbers coming in. This is the steel company, now much more diversified industrial group. They are raising their even forecast to 1. 48 billion. Raises. Sted ebit raising their profit outlook after selling their brazilian plant. Agreed to sell their brazilian steel plant, and it is making the transformation from steel to diversified groups. Around see what they do their american unit. There is the expectation they will exit the business. There is talks they will transfer the european assets. We will get an update on all of those matters when we speak to the management. Inwill talk with their cfo 45 minutes time. Lets get to other breaking news. Sticking with germany, this is the munichbased insurance company. We are getting numbers. Or solvency ratio is 212 . Euros. Lows of 21 billion operating profit is comes c
We are seeing the nasdaq outperform today. It is not the record, but it is above yesterdaylosses. And we wanted to take a closer look at what is going on in the dow. The dow on the week is down by. 16 , that has not happened since march. We also want to look at what is going on with oil prices. As we look at the blobe, we have a chart of the oil and gas rigs. This is the streak we have had. 17 straight weeks of increases in the rig count, and the price of oil as well on this chart going a little bit down, a very small move in those oil prices today. The recount is going up. That would seem to indicate even though we have been seeing a drop in slow eyes supplies in the u. S. , the production is trending upward. If you look at oil rig stocks and how they are trading today, they are going a little bit lower, such as in halliburton and schlumberger. We are also seeing some movement in offshore drilling as well. That rowing, ensco, all down. D we also have a Company Offshore that is a drill
European equities are trading, 30 minutes until the end of the friday session. Little changed on the day for the stoxx 600, which means its touch and go whether we will rise over the week. We are on track to gain for the third week, which is the best run since january 13, all these currencies are rising against the dollar today. Yields declining across europe today. It busy day for earnings. Lets get on with it, the biggest steelmaker in germany falling as much as 5. 5 earlier. The most since july. It now expects Free Cash Flow in the year through september to be negative, and earlier projection was for slightly positive figure in the current fiscal year. Shares falling despite the announcement for the fiscal profit forecast after including its operating performance and agreeing to sell its brazilian steel plant. On the matter of steel, shares the worlds steer made her steelmaker down 7. 5 after it posted firstquarter profit that double beating estimates amid a rally in steel demand. W
We are seeing the nasdaq outperform today. It is not the record, but it is above yesterdaylosses. And we wanted to take a closer look at what is going on in the dow. The dow on the week is down by. 16 , that has not happened since march. We also want to look at what is going on with oil prices. As we look at the blobe, we have a chart of the oil and gas rigs. This is the streak we have had. 17 straight weeks of increases in the rig count, and the price of oil as well on this chart going a little bit down, a very small move in those oil prices today. The recount is going up. That would seem to indicate even though we have been seeing a drop in slow eyes supplies in the u. S. , the production is trending upward. If you look at oil rig stocks and how they are trading today, they are going a little bit lower, such as in halliburton and schlumberger. We are also seeing some movement in offshore drilling as well. That rowing, ensco, all down. D we also have a Company Offshore that is a drill
We are seeing the nasdaq outperform today. It is not the record, but it is above yesterdaylosses. And we wanted to take a closer look at what is going on in the dow. The dow on the week is down by. 16 , that has not happened since march. We also want to look at what is going on with oil prices. As we look at the blobe, we have a chart of the oil and gas rigs. This is the streak we have had. 17 straight weeks of increases in the rig count, and the price of oil as well on this chart going a little bit down, a very small move in those oil prices today. The recount is going up. That would seem to indicate even though we have been seeing a drop in slow eyes supplies in the u. S. , the production is trending upward. If you look at oil rig stocks and how they are trading today, they are going a little bit lower, such as in halliburton and schlumberger. We are also seeing some movement in offshore drilling as well. That rowing, ensco, all down. D we also have a Company Offshore that is a drill