Balance sheets may affect your portfolio. Mark look at how european equities are trading to the end of the wednesday session. Novembert drop since yesterday for the stoxx 600. European car sales rise 11 in march. Sterling down by one quarter of 1 against the dollar today. It rose yesterday after theresa may called for the snap Election Year parliamentarians voted in and of the election on june 8. Yesterdays increase was the biggest since january 17 and the highest since october the third. Sinceng still down by 14 the referendum in june. It biggest decline since october quarterly sales, missing analyst estimates and accelerating decline in the Americas Region and falling revenue in hong kong showing the scale of the task basically facing the chief executive. Sluggish sales gain showing not all Luxury Companies are feeling the benefit in the rebounded demand. Industry leaders have taken. Teps to overall design a costcutting program cutting back on the number of its products. The week pou
Listen, please. The repercussions have been immediate. That was from earlier. Nigel faraj did something extraordinary. 15 minutes after the polls closed he emerged and i remember these were the latest that the leave campaign that he emerged and basically conceded. He appears to save the state campaign will enjoy a narrow victory and then he walked away. Now about an hour or two later when he realized that the vote was going the other way he came out and im quoting here i dare to dream dawn is coming on an independent uk. Sort of chilling phraseology there but that is what he said total reversal. He is not doing well in the public eye as of today. I want to roll a sound bite and this is from president obama when he visited england about two or two and a half weeks ago, three weeks ago maybe. He was trying to persuade the brits tuesday so listen to this for us minute. I think its fair to say that maybe at some point down the line there might need a uk u. S. Trade agreement but is not goi
I am francine lacqua. Out of china, the top desk the economy is growing slower. Industrial outputs also missed forecasts. The shanghai composite index dropped the most in three weeks. It is raised the perspective of more stimulus from chinese authorities as they try to push and the slowdown. As they try to cushion the slowdown. Malcolm, what can we expect next from policymakers. We are likely to see a response on numerous fronts. Weve heard from the government last week that plans are to boost the fiscal response to the slowdown. Today there were some tweaks around that. They are going to lower the Capital Requirements and some new Infrastructure Projects that will allow less of a down payment. Roads, rail, projects. More monetary easing that can come in various forms. Banks for reduction of rrr ratios. The downside on the deposit by inflation is picking up because of rising pork prices. That may limits go that may. Imit scope it will be ongoing. Effort to keep the yuan stable and supp
Adding to concerns about the slowdown in china. In chinal out put rose but fell short of estimates. Nvestors reacted chinese stocks had their worst day in three weeks. The shenzhen composite was down more than 6 . Germany is going to slow up the influx of refugees, at least for now. The government is reposing border controls. They a sign to europe that need more help. At this moment, germany is introducing temporary border checks again at the internal frontiers. The focus in the first instance will be at the border with austria. The aim of this measure is to limit the current influx to germany and come back to an ordered proceeding of the entry again. This is necessary for safety reasons. Brendan european officials meet in brussels on the refugee crisis to discuss the plan of introducing styling seekers to your europe. Fastmoving firefighters in california have killed one person and destroyed several homes and businesses. At least 81 homes were destroyed in a separate fire near sacrame
The labour party takes a beating. Those are pictures of David Cameron arriving back at 10 downing street earlier on. How are the markets reacting . Jonathan guy, you saw the fx moves. Sterling stronger. You see the move here on the bloomberg terminal. Theres the exit poll. The pound surging not just against the dollar, against the euro as well. Heading for the best day since 2009. Dont just call this a tory bounce. This is about certainty. I go straight to one week volatility. The pound against the dollar. You see the expected price swing coming forward. What you see there is the scottish referendum. We outdid that. We went much higher. Then you see the falloff. The certainty is giving sterling a left. In the equity market, much more about policy. You look at the ftse 100, pushing higher. The ftse 250 exposed to those domestic stories putting pushing much higher. The individual stocks tell the story. It is about the absence of labor policy. No rental cap, no mention tax. I look at the