Luxury giant warns profits could plunge as much as 45 in the first half on the back of doubledigit sales declines in q1. And tech stocks lead gains in early european grade. Demand boosts chipmakers. An earnings miss sends volvo cars toward the bottom of stoxx 600 as luxury brand pulsar waits but hes optimistic. We have a really balanced portfolio. Were relying on ev sales. We have a lineup of different propulsion technologies. Of course, we have fuel electric cars, so that gives us a much greater landscape in which to p play. Good morning, everyone we start todays show with new data out of germany. Let me share it with you were getting in the new figures. They came in at 89. 4 thats an improvement from the expected number, which was 88. 8, and its also an improvement we had seen in the prior reading which was 87. 8 the bottom line at this stage is were seeing a bit of an improvement when it comes to how businesses in germany are feeling about the outlook and the prospects of the german
Insight in an exclusive conversation. The strategy of moving Interest Rates up given where the economy is and where it has been make sense to me. Matt as bitcoin surges and flips, suddenly everybody is paying attention. It seems to me it ought be outlawed. It does not serve any useful function. I actually think it is more likely these digital coins move into the mainstream. Bitcoin is undoubtedly a bubble. It is not for me, but there are a lot of things that were not for me in the past and they worked out very well. Matt that is all straight ahead on bloomberg best. Hi matt hello and welcome. I am matt miller. This is bloomberg best, your weekly review of the most important Business News analysis and interviews from Bloomberg Television around the world. The week began in the midst of the years most critical days for u. S. Retail. The Pivotal Moment between black friday and cyber monday. David we are past black friday into cyber monday, and everybody wants to get a scorecard on how ret
Been and where we are relative to our goals makes sense to me. Matt as bitcoin surges and flips, suddenly everybody is paying attention. It seems to me it ought be outlawed. They does not serve any socially useful function. I actually think it is more likely these digital coins move into the mainstream. Bitcoin is undoubtedly a bubble. It is not for me, but there are a lot of things that were not for me in the past and they worked out very well. Matt that is all straight ahead on bloomberg best. Matt hello and welcome. I am matt miller. This is bloomberg best, your weekly review of the most important Business News analysis , analysis, and interviews from Bloomberg Television around the world. The week began in the midst of the years most critical days for u. S. Retail. The Pivotal Moment between black friday and cyber monday. David we are past black friday. We are into cyber monday, and everybody wants to get a scorecard on how retailers are doing right now. That is for both brickandmo
Meanwhile, treasury yields climb ahead of a quarter trillion dollars of auction this week. Anna and a brexit backup plan. Theresa may is said to be preparing to withhold aliens and eu payments if the bloc doesnt play ball on trade. Anna good morning, this is bloomberg daybreak europe. Lets get straight into the market auction. We will have more from the finance director shortly. Msci being weighed down this morning, part of it is hsbc, where we see negative reaction coming through to that earnings statement, in particular the pretax profit numbers and shared by backstory. We will get a lot more detail in a moment. We are down by. 6 overall in the asian session. Remember that china and taiwan are still close, but most of the asian indexes are in negative territory. Hong kong had its head above water the earlier, that has come to the downside. One thing we are focusing on as we get closer to the u. S. Session is u. S. 10 year yields. And that ofove 2. 9, course throws into focus the big
The back of extra stimulus on the ecb. The dax has bounced. Weakness in the euro we are looking slightly red leaning into the other side. Banks at the top a lot of earnings around, too. As investors react to corp rates. In terms of in the basket itself, some bright spots for the likes of dior, lucxotica basic resources as well, a negative reaction to glen cores numbers trading down 2. 3 . Some of our viewers are particularly interested in glencores numbers health care trade weaker by 1 3 of a percent another talk in the basket around exxon mobil volkswagen technology, 4 10 north big week for apple we had some orders over the weekend. Markets responding hoping that the iphone x will be a bit of a bonanza for the industry youve seen tech globally pick up on that industry. Right here in europe some of the supplies telcos in the banks, it is the spanish names out in front, the likes of sabideau bbba going on for the ride, too. Spanish banking names lead the charge in terms of what we have