The firm cites challenges in its crop science and Consumer Health divisions. A hunger for going public. Food Takeaway Service delivery hero rises in its frankfurt stock market debut well speak live to the ceo, Niklas Ostberg on how the company will navigate a crowded marketplace. Good morning its friday. A quick look at the markets in europe were modestly higher to the tune of 1 we are set to end the month of june with the biggest monthly loss in one year off 2 for the stoxx 600 in june following four months of gains maybe all these worries about tightening weve seen. When it comes to the sectors or the markets, the ftse 100 is off by 0. 3 . The xetra dax is down 0. 1 the cac c40 is up by 0. 3 lets get to our guest, mike bell from jpmorgan do you think theres too much concern about some of the tightening by banks . I think theres been a bit not enough focus on the ecb statement and what mario draghi was saying i think they will taper. What he was emphasizing is two thin things firstly
Create a reality check. Betty this is daybreak asia, live from bloombergs u. S. And asian headquarters. I am betty liu in new york, it is just after 7 00 p. M. Yvonne it is just after 7 00 a. M. Here in hong kong. I am yvonne man. The repeal of obamacare effectively dead in congress. What does this mean for President Trumps agenda is the big question. An unsettling move where the dollar is going. Betty it prompted the president to come out and talk about how many bills have been passed so to offset tenure these growing doubts. Get bigether he can measures passed through congress. That is causing uncertainty in the markets. We did close at a record, but it hardly feels that way after the initial losses this morning. Yvonne if you cant get health care, how much harder will it be to get tax reform and infrastructure . A lot of this week will be about Central Banks, and the boj starting that today meeting. The ecb with that decision, the 800 pound gorilla, on thursday. Hitting the dollar h
Francine a very warm welcome to bloomberg daybreak europe, our flagship morning show from london. Manus were waiting for a couple set pieces. Credit suisse getting those numbers. I think it is the resignation well spend time on in terms of the sentiment. These markets are still rallying. Me bring you these moving parts. The dollar extending losses, and some will be seeing a little bit of that, reacting to Michael Flynn resigning from the National Security advisory. Thats the sort of line you can draw. It seems a bit tangential. Does this tell us anything about trumps ability to implement policy . Manus mitsubishi would say its a little bit of a moment for the dollar, but its not exactly going to pound it into the ground. The damage to the dollar from the resignation will be moderate and limited. The chinese data, as you said, has that reflation headline driving the aussie dollar. Business confidence is the highest in more than nine years. Anna exactly. Double punch for the aussie dolla
Healthy and investment has picked up significantly at the end of the year. Inflation ended in 2016 point higher than 2015 and it should keep rising because Monetary Policy is at our upcoming meetings, the committee will evaluate whether employment and evaluation are continuing to grow in line with these expectations, in which case a further adjustment of the fed funds rate will likely be appropriate. She does caveat the outlook, allh is supposed to fulfill the outlook by saying it is too early for the fiscal outlooks might get put into place or what their outlook on the economy might be. She said it is not her place to opine on the proposal but she said it is important that the proposal raise longerterm. Rowth and Living Standards and she goes onto say they should be consistent with putting u. S. The school accounts on a sustainable trajectory. Other words, dont bust the budget. Finally, she mentions securities from the Balance Sheet but of the anything about the timing or method of en
Time. Abigail, what are session highs . The dow, s pave 500, nasdaq all sharply higher. Up 1 on pace for their best day since march 1. The s p 500 on pace for its best weekly gain. The first weekly gain in three weeks. The best weekly gain in 2 months. The nasdaq on pace for yet another record closing high. Certainly a bullish day. We havehis, strengthened financial straight American Express up more than 5 , on pace for its day its best day since october 20 of last year. Investors clearly like that, plus there was nice acceleration in growth around the companys credit card, commercial credit card business, volume three by 6 rate we have the regional banks, see corporate citizens trading higher. These companies also put up solid firstquarter, top and bottom line estimates spread lets turn to a stock that is spiking higher after comments of treasury secretary steve mnuchin, spiking down just a little bit more great initially of 2 after Steven Mnuchin did say that fannie mae and freddie m