Welcome to bloomberg daybreak europe. Shock and awe, that being the times poll. For ofpared are markets the possibility that u. K. Conservatives could lose 20 seats in the general election and that labor could win 28 seats . Thats a majority, which many had suppose would be a straightforward victory for to me back for theresa may would no longer be in the cards. At 310ide and varied seats. The bloomberg town, cascading lower, down 10. 3 . This is the basket of currency. So the market is not prepared for a close election. The question for markets is this. This is too weak volatility youre looking at on the blueline. Rising quite aggressively. Extent, sterling is vulnerable to fresh attacks, so how does all of this translate into the risk radar . Take a look. Up, 51. 2 washeld the number. Seeing the china stock market just eking out again. Thats not pervasive across the rest of europe. Orders to withdraw copper, they had the highest level in three years. Lets have a look at the currencie
Welcome back. What come to bloomberg daybreak europe. Anna i am anna edwards. Germanlets get into the chemical maker. We are talking about polyurethane, polycarbonate, they are guiding higher. Second Quarter Sales 3. 9 billion , the market had penciled in 2. 4 4 billion. Significantly above 2016. The sales came in, that could be the ebitda. 577. 5. Ket penciled in this is about coatings, adhesives, and specialty chemicals. They are my wing mulling over hundreds of deals. They are expected to produce 5 billion years 5 billion euros over the next few years. We will ask the question to the ceo. Dutch paints the maker and chemicals business, fascinating comments coming through. We have earnings for the Second Quarter. Revenues up by. 4 . By 4 . Akzonobel convening an extraordinary general meeting to improve shareholder relations. Theexpect to they expect ebit to be higher. Reporting this new structure and also Senior Executive pay will be aligned with this new plan and this new executive,
Management urges bhp billiton to unify in australia. And slashing staleys salary. The barclays board decides on an very significant pay cut for the ceo following a whistleblowing probe. Will regulators go further, matt . Matt interesting breaking story that we will continue to follow. I want to take a look at the half hour to go until european open, at what futures are doing, at what the other risk assets are showing us. It looks like a risk on day to some extent. We see futures rising, although not huge gains. The euro stocks 50 futures up, more significant gains in london and frankfurt, not so much in paris. But if you take a look at bunds, it looks like investors they had been selling off german debt, and that push the yield up at the beginning of session. They have been buying at the route the first half hour of trade. You can see the trend here is risk off. If you look at the other asset classes, you see a risk off signal from the asian trade going into european trade as well. Guy
Tillerson calls the u. S. Military strikes a message to nations including north korea, as he touches down for the g7 meeting. Shares of stada soars. And the urt gets a boost after the adviser sends a letter to investors calling for the miners to stop the Core Drilling structure and spin off of the business. Good morning, everybody. Welcome to street signs. I thought i was being smart is this morning. I looked at the markets when they initially opened. Completely flat, a bit of red, a bit of green. And now theres more red. More red . It there is, yeah. A bit more red. Smaller markets just hanging on it to that spot of optimism, by and large, more negative within the last hour of trade. And european markets reflecting exactly that. Keeping in mind we have the much anticipated payroll figure on friday. Maybe its a wait and see scenario on this mornings Early Morning trade. When it comes to the sectors, reflecting what weve seen on screen, the oil and fuel and beverages, basically higher b
European particular kmarket as the last of the losses from a fake statement release. And the uk chancellor has not delivered his autumn statement, but already the shares in state agencies are plunging over fears that he will announce a clamp down on letting charges. Good morning. Want to bring you eurozone november pmi numbers. By in large they beat expectations. European Business Growth at the fastest rate this year in november. Looking at a composite pmi print of 51. 4. Manufacturers leading the strong performance. If we look at some of the regional numbers, germany an france seeing quite a nice pick up in the Services Side of the economy, that bodes well for the Fourth Quarter gdp numbers. For germany seen at half of 1 . The german manufacturing component was softer than expected. Euro dollar 1. 0612. Not a huge reaction, but bunts are rallying regardless of the data. Quite a reversal. At the same time keeping in mind we have so much data state side today as well. Some of the big ke