Market. And including big names. Right now 2016 is on track to be the worst year for ipos since the financial crisis with only 63 companies having gone public. Raising just under 13 billion. Is this the window between brexit and the u. S. Election finally opening up . Its important to put this in context. One of the reasons 2016 is going to be the worst year for ipos is that these companies dont need our money. So theyre sitting on huge piles of cash. There was this incredible round that might and if conditions arent right they dont want to. There are a lot of companies that filed to go public and are waiting in the pipeline. 2016, particularly the later half and 2018 look promising. And on the stick side you have a harder to raise and a lot of these deals have them and record high stock prices and low volatility and a couple of winners and others. John a lot of these want liquidity. Theres is a whole group of start ups that, you know, couldnt necessarily get more funding so theres som
Lets go straight to the markets desk work julie hyman has the latest. It looks like mario draghi caused a bit of a selloff. Can debate theou combinations. It is causing a slight selloff. Dowcontext for the s p and is that we close the high for the year. Yesterday was the high since last summer. So, investors, as we get to the sorts of levels and valuations, you get a regular says it as to whether the recent rally is justified. Of course, mario draghi asking for the ecb stimulus measures to work. That is having a clear impact in places like the currency markets, we know that mark will ve more details on the euro. Here is the dollar, looking at the bloomberg index, you saw as drug use speaking, we have a rebound back up 1 10 of 1 , also, looking at a movement in oil prices. Down, still above 43 per barrel. That is the mario draghi ripple effects side of the region. Companies ine 109 the s p 500 that reported earnings. Is a looking at the bloomberg. It is hanging onto a gain of 60 of the
Daimler doubles down. Find out why its smart cars are getting bigger. And it sounds like Science Fiction but jets that break apart and reassemble midflight could soon become reality. But first, russian stocks are taking a hit today. Ruble is sliding the u. S. Has imposed new sanctions on companies to punish president putin first up porting rebels in ukraine. Ryan chilcote joins us. What exactly are we seeing . Before werenctions personal, they really targeted individuals in putins inner circle, then these are much broader. They have gone corporate, going after some of russias biggest companies. Rosneft has been sanctioned. Rosneft is not just russias largest oil company, it is the Worlds Largest quickly traded oil company. Bp has got a 20 stake. Its gdrs fell by 5 novatek, russias largest independent gas producer. Shares traded here in london and fell by more than seven percent. Promm which that gaz is the Worlds Largest gas producer that provides europe was not of its gas session. Per
The morning. That is yesterdays performance, markets up 1 . London down one percent. We are waiting for the opening rotation to come through. Takes a little bit of time for those prices to marry up. Russia is trumping the news on sanctions from the u. S. Poll. E a bloomberg pollaid the poll of the said disinflation is the main issue. Globally, our poll is saying 47 see the equity markets close. 14 say that we are in bubble. Google poll says people are less keen on europe. Paris down. 5 . We have some car data. We saw overall car sales rising in june. 10 straight months of rising car sales. The sentiment in the market is lower. Renault was one of the out standards, but the stock is down. 25 . Vw also had the fiat sales going up. German sales were down. Badge did quite nicely. When it comes to the others, Edwald Nowotny ju novartis just missed on its numbers. What youve got there is the cloud. How to defy a market. Tell the market that the new product will do better than you thought. It
What are we covering . Is janet yellen going to be trumped in terms of what is happening with russia question mark we saw a russia . We will talk more in a moment. I am looking at the eu and the u. S. Both of ratcheted up sanctions against russia. Ofwas the sanction individuals and a handful of companies, and has gotten much broader. Were talking about a lot of companies, some of them very big. One of those companies that has been sanctioned is the Worlds Largest publicly traded producer. Web some breaking news for you. Sap biggest Business Software company in the world saying that operating profit was 1. 2 4 billion euros, shy of analyst estimates. This is a company that is trying to change itself around with getting a reorganization. They are trying to focus in on the cloud. Saying secondquarter software and Services Revenue [inaudible] we have operating margin ahead of our missed estimates. Where speaking to the chief executive of how much they can push the cloud. We were talking ab