Nejra welcome to daybreak europe. Lots to discuss in terms of the market moves, but lets get to news. Im ew in at im looking at Third Quarter net. That is a beat on Third Quarter net. Thirdquarter revenue, 5. 0 3 billion euros estimate, 4. 9 9 billion. That is a beat on Third Quarter revenue. 0. 1. 211ratio rises. 7 . Thats what were looking at in terms of that. Really, what were seeing is benefited from higher revenue at the Investment Bank in the First Quarter since the ceo unveiled his new target. We saw the profit rise 8. 9 in the First Quarter since we got those new targets. To give you more context, Credit Agricole shares have been outperforming its larger peers. And coming up on bloomberg, least to the cfo. Catch that interview at 9 30 a. M. U. K. Time. More breaking news. Its guidance to the upper half of the target range. It sees for your operating profits at the high end of the 11 billion to 12 billion euro range. This is key what is coming through here. In terms of what else
African entrepreneurs say the agreement could be the answer to the continents many problems and the truth is we do have china africa by the know where to get the kind of returns on investment that you get in the future so youre confident the investors will come and come to visit all we need to do to fund the war program was going to put in place policies that will be able to create jobs i live in poverty there are also fears that corruption and we can force make some countries modest success of whats being billed as a historic Free Trade Agreement. So basically we will see a lot of negotiations a lot of trading between the member nations especially the key member nations who will try to get as much concessions as they can in the next few months before this deal finally takes off next year climate or an address that. Plenty more still ahead on the news hour including tens of thousands of protesters back on the streets of hong kong this time aiming their message at visitors arriving from
Permission to dock by the Italian Government malta offered to take the vessel but the crew declared a state of emergency government so you dont think you could be in bed we are in emergency conditions that force is to go to the nearest port we finished our food and Water Supplies we are overcrowded with several cases of physical pain coast principally by hot weather his boat is not suited to remain for 45 hours in these conditions therefore we ask you to risk or to report. The island of lampedusa is closer to north africa than italy but migrants arent welcome. Last month italys interior minister and deputy Prime Minister met they are said vinie issued to korean posing heavy fines a migrant boats which trespass into italian waters. You know yeah i am not reopening italian ports especially if you ask me to there is a german ship and then you take care of it or we put them all on a bus in front of the German Embassy thats enough and this applies to the french the dutch and to anyone who t
Companies do not have you know Security Architecture that at some countries risk said heaven for you know terrorist or criminal organized criminals the government say theyre working to stop that from happening. We have decided to escalate our security approach in dealing with these attacks and violence so thats africa union will come in and take charge. This way the seller region will be safer and all the flashpoints can be contained in the solved by africans themselves on the african continent of Free Trade Agreement is expected to create the walls the largest Single Market of the continent is home to one and a quarter 1000000000 africans leaders hope that the Free Trade Agreement will help create jobs and spiking a growth but its not clear whether investors will boban look at internal strife in many african countries and bring in the much needed capital to boost production of goods and services. African entrepreneur say the agreement could be the answer to the continents many problem
Breath. Reports about the scrapping yield curve control along with buying of etfs and all with rate hike potentially. Lets look at how markets and japan are faring. You get the sense regardless of the normalization of policy, markets believe the nikkei can run higher. The fundamentals are intact amid all this Corporate Governance improvement. We saw it decline in the morning session but it did close 2. 7 higher just yesterday. We see in the options market, for example, the contracts for the strike price above the 41,000 level. Those were actively traded. Regardless of the normalization we see today, we still need to see negative real rates persist. That will mean yields will take a while to climb in japan. Between the u. S. And japan, given the yield gap, that will put pressure on the yen. The yen has been well behaved. You feel the sense that the feds move will matter more for this currency pair. Lets take a look at how it has been faring since the past four months. Based on the impli