Billion euros. It is cutting the delivery target. Lowering the outlook for deliveries this year. This is amid economic jitters in europe and also in an unprecedented slump in autos in china. The world eats biggest car maker, lets remember, thats hat v. W. Is. Also got an upbayer. They are saying the plaintiffs have more than doubled to 42,000 plaintiffs. That is an important update there. It is confirming its outlook and it is aligned to continue operations. The agreements have been signed im trying to get my head around that. The plaintiffs more than doubled to 42,700 plaintiffs. Coming up, just to get back to v. W. Well be speaking with the c. F. O. After the german automaker reported Third Quarter results. Dont miss that interview at 8 00 a. M. London time. Of course in the car makers state, the other interesting story in terms of watching the start is the talks between chrysler and p. S. A. That we have been reporting. Back to jim mccormick. Looking through v. W. In terms of readin
Of yields, and the question for the market is this. Is the fed a shoe in in terms of the rate cut that we expect . By the way, does anyone care about a 1 trillion deficit in the u. S. . Yousef the winds of change are upon us. That is what the folks at Morgan Stanley say, their chief equity strategist put out the notes. The returns from u. S. Growth were surpassed by their expectations. Lets get to some of the other market action, and a bit of a rep from hong kong with sophie kamaruddin. Sophie asian stocks are extending, but we are seeing volatility with tracking lower. Bojhead of the fed and the meetings later this week. Results. D see solid check out hsbc, the stock falling in the afternoon section. The stock edged higher in the morning session. I just want to highlight the continued selloff in chinese bonds as well. The 10 year yield dumping the most in the six months, with momentum. Oficymakers are wary aggressive stimulus. Worsening chinese Economic Data could strengthen the bull
Especially big oil and big attack. We will have the likes of credit suisse. Its very much so a mixed fixture mixed picture. Are mixed financials this morning. Also interested to see how retailers will do today given the fact lvmh looking to make a bid for the blue box, tiffanys. Staples and industrials are in the red, looking to be a risk off here in europe. What are you seeing across individual names . Winners butrs and lvmh is at the top of your list as far as Companies Adding index points or holding us back from further losses. Adding points to the index, you shall in second place there. Luxurygot some other stocks there carrying specifically. If you look at the losers here, onc is the biggest weight the stoxx 600. Taking out about 2 10 of a point from the stoxx 600 down half a point right now. Unilever are also losers today. You do see two of the biggest newsmakers, Louis Vuitton making an offer for tiffany is the biggest gainer. Asc earnings disappointed the biggest loser. The ind
There watching day vacation live from new york, sydney and hong kong. Counting down to asias major market opens. Australia has just come online, asian equities set for him next open. Amazon and intel jumping read chinas foreign minister is set to meet with President Biden after talks with Antony Blinken in washington and ftx founder Sam Bankmanfried struggles as he testifies at his federal trial. Annabelle im going to wait a few minutes until that becomes online because it seemed like a sentiment shift in the final 10 minutes. The futures contract reopened. It had closed to negative and came online in the last 10 minutes into gains, so the impact of u. S. Earnings from amazon, intel is better than expected. Better numbers, stocks rising, telling us how much of an influence those numbers are having. What else is helping as the pullback in treasury yields and so that is being reflected in the three year and 10 year, the softer dollar the aussie is firmer against the greenback. Asx 200 is