And apple and amazon lead afterhours gains after the iphone maker beats expectations and the ecommerce giant beats record profits. And sony reports its best ever Third Quarter profit and forecasts a full record year the results come as the ceo, kazuo hirai announces hes stepping down. Welcome. Lets look at these markets. The stoxx 600 is on the defensive, sliding by 0. 7 as you would expect, after the deutsche numbers, the banks are leading the losses here over in europe lets take you through Deutsche Bank very quickly. Posting a net loss of 2. 2 billion euros for the Fourth Quarter. Much worse than expected the yearend number was really the issue here almost a a500 million euro loss. The third consecutive loss for Deutsche Bank. Lets look at individual european markets, this is how they look. Broadly weaker as you would expect xetra dax is off by 1 cac off by almost 1 the ftse mib down by 160 points. The ftse 100 in terms of the overall picture is doing reasonably well. So the loss is
With a clear message with treasury secretary Steve Mnuchin and wilbur ross telling delegates that trade war is a thought every single day but confirming that nafta talks are reopening. The president of colombia, Juan Manuel Santos joins other political leaders in warning the u. S. Against protectionism it will hurt everybody, especially the u. S shares for suez plummet as the french utility firm slashes its earnings forecast. We speak to the ceo in davos later today. Weve got a packed show for you, live from davos today well be joined by james young in a bit talking about tourism over in china. Hes a cofounder and chairman of the largest travel platform over in china. Well be joined by the ceo of jll, talking about property markets lobally. The ceo of Mueller Maersk will join us later on as well as president of the European Investment bank. Well wrap up with the ceo of russof tomorrow youll be joined live tomorrow when you have this panel. We have the panel lined up. We have the uk cha
Global bonds fall as yields hit a monthly high positive for the First Time Since 2015. And release from a gilded case saudi investor, alwaleed is freed after reaching a settlement with kingdom officials. Its been a flat start to this mornings trade the stoxx 600 down there very lightly. Less than 0. 1 of 1 . As we take a look at specific markets across the continent, you can see whats driving that very small downward pressure ftse off 0. 1 and the cac will slightly down lets take a look at the sectors and see the action there basic receptors, up 1 auto down 0. 5 lets take a look at specific stocks now ams has nearly doubled its revenue. Posting over 1 billion euros for 2015 and raised its outlook thats boosted from customers like apple ams expects Revenue Growth flew 2019 you can see other action, micro ceus in austria up, stmicro and the same for dialup up 5 this morning. Lets talk about President Trump. Hes indicated hes considering taking action against the European Union against it
In the u. S. , which we had to reduce our tax asset, reducing completely our tax level in the u. S. , with Significant Growth of our net profit. Swiss re says it is considering a partnership with softbank after better than expected profits and returning more cash to shareholders. We feel comfortable that we have the ability to return funds to share hoholders. And a number of negative earnings limit cap gains in europe as James Bullard tells cnbc that rates should not go up too quickly. The idea that we have to go 100 basis points in 2018, that seems like a lot to me thats price for perfection. Everything would have to go just right. The economy would have to surprise on the upside a bunch of times in the year im not sure thats a good way to think about 2018. Good morning flat open so far across europe the stoxx 600 slightly into negative territory, but not by a massive, massive margin. Its down less than 0. 1 we look at the individual markets, you can see its a bit of a mixed picture t
Policy i think we need more cooperation. That was my message, thats why i believe in this new global pa pact u. S. Tax reform is a big deal for Barclays Says the banks Ceo Jes Staley saying yus europe will need to keep up to stay competitive on one level its clearly changed or will change the dialogue around how countries are coordinating globally both in terms of how to deal with business as a function of r regulation and tax. And diageo sales up. Diageos strength is about topline growth and efficiency i call it the perfect blend. Im akiko fujita live in davos. We have heard from u. S. Treasury secretary Steve Mnuchin again saying he thought his comments on the dollar were clear he said he is not concerned with the greenback levels shortterm. This after the dollar fell further against the euro on his opening comments in davos, saying that he supported a weaker currency. Geoff will speak to the treasury secretary on a panel, the remaking of Global Finance at the forum today, which also