Growth and increasing concerns about a slowdown in the countrys Manufacturing Sector. And shares in british Recruiter Hays a profit warning and Boris Johnson and Jeremy Johnson clash over no deal construction in their next bid to become Prime Minister lets start off by looking at how some of the markets are fairing. Yesterday in wall street we had a bit of a moderate session as the dow had its third negative session in a row s p ended the day moderately higher nasdaq up half a percentage point. Moderate gains for u. S. Equities asia pretty well mixed we did have the china inflation data coming out overnight. The ppi data had flat lined. As a consequence, we saw a little bit of weakness the shanghai down to the tune of 1 4 of a percentage point the theme in europe, we have stox down. 10 of a percentage point. Switching on though to look at the breakdown in the individual respective markets, and you can see that the ftse 100, which will come up in a second, is the relative outperformer a
Its Australian Business to asahi to 10 billion euros. And Oil Prices Climb after the u. S. Navy takes down an iranian drone in the strait of hormuz ratcheting up tensions between washington and tehran. Good morning, everybody. One of the names were very much focused on, a big mover is publicics in france, down 7. 5 the french Advertising Group has actually announced that it will be we will be getting more information on that. You can see that the stock is down about 7. 5 . Down about 15 over the last few months they have slashed their 2019 revenue guidance after delivering a worse than expected Second Quarter the Third Largest Advertising Group posted organic growth of 0. 1 , missing Market Expectations as it suffered from weak ad spending in the United States publicis put its 2020 targets under review citing the 4 4. 4 billion acquisition of epsilon for the move. Im pleased to say karen is around the desk with us. Karen is somewhat of an expert in this field and has been following pub
Crucial vote later today we want rules based order because we know it is better for all of us. We have to do it the european way. The european Financial System marks the 75th a anniversary as one of its keystone institutions looks ahead to transition. Well speak to david lipton in his first broadcast interview since assuming the acting managing director role good morning ursula van der leyen has told meps that the continent must stick to its free market rulebased traditions in the face of a changing Global Economy. In her pitch before the European Parliament in strasburg, she said the eu must be able to hold its own with the likes of the u. S. And china with that, lets get out to david lipton who joins us from paris where the bank of france is marking its 75th anniversary. Last time we spoke was a couple month months ago since then theres been a few developments on your side, namely your former colleague, madam regard lagarde will be moving to the presidency of the ecb. Can we give an
Second quarter loss and the psa chairman says Market Conditions are tough. We are entering now a chaotic period in the Automotive Industry as we all understand starting with the market downturn, the emerging markets are in turmoil we see the electrification is going to change many things. Aston martin shares skid off course after the luxury carmaker slashes key forecasts for the year as it weathers uncertainty in the uk and europe and the euro slips to a sevenweek low against the dollar after german and french flash pmis miss estimates. Good morning lots to go through today i want to start off with the macro data as mentioned, germany and france flash pmis for july disappointed we got the composite number, the flash composite for the eurozone came in at 51. 5, less than the 52. 2 number for june and less than the expectation of 52. 1 i want to break it down, though. The manufacturing pmi came in at 46. 4, that is again a miss versus the expectations of 47. 6. It is also the lowest sinc
Lower. President trump continues his attack on the central bank saying a small cut is not enough airlines li s slide as lufta delivers a sharp drop in Second Quarter net profit and warns the market will be challenging for the rest of the year. And bayer warns its 2019 targets are becoming ambitious due to a challenging environment for its Crop Sciences business as it is linked to thousands of lawsuits here you have behind me a lot of earnings going on today in europe. Lets run you through some of the highlights on this super tuesday. Were in the thick of earnings season a number of blue chips have been directing markets, bp right there is trading near the top of the stoxx 600 after posting a beat on the bottom line. Up 3. 2 this morning in germany bayer described its fullyear targets as increasingly ambitious in the face of challenging conditions and legal action bayer stock is down 3 lufthansa has posted a sharp drop in Second Quarter net profit amid tough competition in the European