Stimulus support. Sony posts a 30 drop in firstquarter profits. The conglomerate targets a high score from playstation saying it aims to sell 25 million consoles. Investors are awaiting the latest numbers out of disney. The ceo says he may want to do away with the groups no growth businesses. It is a bit of a turnaround in sentiment for markets. We are almost up 1 in the early hours of trade today. It is a sharp move versus yesterday. Yesterdays session was a downbeat and that continued into the u. S. Markets closing. The focus for investors was the downgrade of several regional banks. The banking index yesterday in the u. S. Finished the session down 1. 3 . China is confirming the country is experiencing deflation. We will talk out that later on the show. The mood as i said is more positive today. Up 9 10 of a percent. Lets get further insight on the breakdown. I want to start with the italian index. This after a extreme day of selling yesterday after the government decided to introdu
And troubles brewing for carlsberg as a fall in sales and a writedown in its key russian market sent shares in the danish beer maker lower we will speak to the carlsberg ceo at 11 00 a. M. Cet. And lower sales and a tax charge take their toll sending shares lower sounds like we have a deal in germany talks forming for a Coalition Government between Angela Merkels government and the spd. The talks deadline was sunday night, but they have blown through that deadline. It seems now like the two sides have come to an agreement. They have agreed on a formal deal, thats according to a conservative politician and a Source Associated with reuters another source says an agreement could not be seated ael sealed s still formalized writing to go through. This could take the country closer to a new government after four months of uncertainty we heard from one of the leadership positions that this is something that has happened there is a deal. Thats according to the Senior Leader at the party. This
Eyes turn to germany today. I was thinking about that because it was not necessary for the bank not to include that. Our bank did not have a problem with that. When will the banks open . When they increase liquidity. When will he get those heroes . It will not pay back our debt. Its should be within the next few days. Theyre still working. But that will prevail. What about people on the street . Deborah violent protests. Do you expect that to continue. Breaking news now on the European Central bank. The ecb is in favor of keeping the cap on greek banks on hold. We know that stands just under 90 billion bureaus euros. The Greek Central Bank asked for an increase of one and a half billion eurps. Euros. The bank of greece spokesperson has declined to comment. We are waiting on this final line. There was no reaction there. Lets get the one of our top corporate stories. Netflix is the topperforming stop. What a barnstormers has been. It starts at another 10 . After posting Stronger Internat
Inventories, a much bigger drawdown. A drawdown of 5. 9 million barrels, compared to the survey calling for a drawdown of 3. 1 million barrels. Whats happening now, Hurricane Harvey, of course, took refineries offline. That, of course, caused oil to be in less demand building. We are seeing a bigger build than expected. Gasoline not produced through the refineries. A bigger drawdown. He would not be surprised by this report because he thinks some of the economists surveyed probably did not have the u. S. s exporting activities influenced. We did not the ports were closed, so we were not able to export or import oil. Take a look at the intraday chart of oil, not that much of a reaction, about 0. 5 on this report, first down day in five days. Has had a pretty big rally recently. Today, taking a bit of a breather. Sometimes it takes a while for the reaction to come in. Lets take a look at the major averages, slipping between small gains and flipping between small gains and losses on the d
Replace the president s friend as she replaces the finance chief. Is 8 00 a. M. Across the emirates, 4 00 a. M. In london. In hong kong, just past noon. Welcome to labor markets middle east. Lets take a look at the state of play on the markets. We cant ignore what is happening in the u. S. , because thats whats driving the sentiment we are seeing across the board in asia. Trading for almost 20 minutes, down close to 1 . As you can see, despite the topicshaven of the yen, is also down more than 2 . It really is all about volatility as a result of the latest paul showing trump in the lead. Manus yeah. C onink if you go to ele your terminal, you can pick up the sentiment. This is very reminiscent of what happened in the 10 days before brexit. If we look at the bank of america volatility chart, youve mentor rumpall trumpometer, dollarpeso. This is in the five days. I took it back a little bit further. If we go back as far as june, you can see volatility is nowhere near where we were on bre