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The u. S. And china announced they will hold trade talks in the coming weeks. To visit washington in october. Asiay markets again across with rallies in europe and the u. S. The yen and gold take a hit. And boris is beaten again. Armament rejects a Boris Johnsons demand for a snap election as a bill to stop no deal brexit gains momentum. The first, tome my knowledge, the first leader of the opposition in the democratic history of our country to refuse the invitation to an election. Matt good morning from berlin to less than a half hour away from the european open. Taking a look at treasuries. They cant make up their mind and you see this when you look at other safe haven assets. For example, the yen of lost a lot of ground and is now coming back. We are quite sure whats going on. Indexes in hong kong are dropping. Verywhere else, we are seeing gains. We are seeing gains. They are all solidly in the green. Up. 8 . Dax futures ftse ....
With abal easing trend surprise half percentage point. James bullard says the u. S. Central bank cannot react on a daytoday basis. Failing to stem the flow, net outflows at aberdeen were greater than analysts estimated in the first half. We will speak with the ceo shortly. The german lender says its profit target for the year is looking significantly more ambitious. Matt commerzbank has brought me here. I will talk to the finance chief in a little bit, and i will ask if calling your target ambitious is the new profit warning. That seems to be a trend for german company. They say their targets are ambitious. They make it clear they have been hardhit by the Sales Forecast and then they bring them down. It is a difficult environment for banks, and i will ask what the hardest part is. I am sure local rates are not helping, and what their plan is to get out of it. Time cutting costs. We will ask for clarity on that from stephen englels ....
By train to speak to commerzbank s ceo. Our cost cuts working for this german lender . Futures are positive for europe. We are in the thick of the corporate earnings season. We will be focusing on those corporate stocks. We have a positive start priced in for equities, castrating starts shortly. The story you need to take away is the dollar continues to remain bid. The euro is on offer. The greek market down by over 2 . Let me show you how the bunds are. The market getting more bid. Bit of aing a little fluff in the market but we are back to where we are in bund yields. The yield is. 296. Lets get a bloomberg first word news update. Societe generale has reported fourthquarter profit that exceeded estimates. Their income were 319 Million Euros to my down 41 from a year earlier but above the 350 million euro analyst estimates. The french lender announced plans for an ipo of its car leasing business. At the same time its deputy ceo to ....