Maker warns of the fraught macroenvironment shares of Deutsche Post jump fuelled by continued growth in e commerce and rise in german p t postage prices and dialing up. A 1. 4 billion Share Buy Back shus shushs pushes to the top our top story today is all about autos. President trump is expected to delay plans on tariffs for another six months according to multiple media reports. The Trump Administration has until wednesday. The white house declined to comment to cnbc but renault has driven the sector lower. Shares are driven the sector lower after six years after cutting the top and bottom line out look the giant has lowered sales for all key markets for japan and europe and slashed the market broadcast. This after the second posted job and hit by lower demands on uncertainty following the outing of carlos ghosn. Meanwhile, feeling the weakness cautioning that it does not expect the sector anytime soon the chip maker does not enjoy the guidance adding that it is fraught with uncertain
Nejra welcome to daybreak europe. Lets get this to the softbank numbers. Secondquarter operating loss for softbank comes in at ¥704. 37 billion. A ¥497. 7also seeing billion onetime loss in nonconsolidated earnings. His recognition of the loss on the valuation of shares as well. The loss on the fair value of we work comes in at ¥497. 7 billion. Onetime loss on the fair value of we work. Thats the details as we look at softbank. Have a look at the tliv blog to get more details. Of ¥537. 9ized loss billion in the second quarter. Thats the number they are putting on it. Thats the headline coming through. Fundecond quarter vision loss comes in at ¥970. 27 billion. A little bit of a painful number here coming through, the secondquarter loss is wider than estimates. That secondquarter operating loss was 700 437 billion yen. It still sees a fullyear dividend of ¥44. That is in line with estimates. Comes indquarter loss at ¥700. 17 billion. Again, a lot bigger than expected. The tliv bl
But the bond proxies are back and they are big, the car sector an similar stories like that are selling off. German tenyear yields catching more of a bid. Something i want to highlight this afternoon is we are seeing emergingmarket currencies being sold off, including the russian ruble and the south korean south american rant. South african rand. For a bloomberg scoop, sources saying Chinese Stateowned entities are in talks to invest 5 billion to 10 billion in aramcos ipo. This comes as saudi arabia seeks commitment from friendlier governments to shore up the sale. We are joined now by our bloomberg reporter. How much is this impacting u. S. Markets and analyst today who might be interested in the ongoing deal . We knew this was going to get attention from a lot of the big sovereign wealth funds, they were going to be the folks to put their money behind it. This is a huge deal for china. Most people want to wait to see what kind of dividends saudi aramco is going to have. They have com
Turmoil in Hong Kong Hits the swiss watchmakers first half sales. Chipmakers gain ground as Dialog Semiconductor raises its guidance and asml forecasts solid growth for the rest of the year good morning top of the hour on street signs. Lets go over some price action weve had over the last 24 hours ending with the wall street moves yesterday. What we saw on wall street is u. S. Equities slipped for the first session in four days the dow ending about 23 points lower. A tenth of a percentage point. A fraction weaker as we get into the heart of the earnings season the drops were bigger for the s p and nasdaq, but still about a third and a fourth of a percentage point the focus has been on earnings season with some of the key banks reporting yesterday. Goldman sachs, jpmorgan, wells fargo looking head we also get bank of america one of the ones you want to watch out for. As we were talking about, the focus is back on trade more commentary out of the u. S. President suggesting that they coul
Replacee house could Rex Tillerson with cia chief mike pompeo, according to people familiar. Less than half an hour till the european open. Lets look at where futures are trading. The indications are that we will have a positive open on the butinent, a drop in london, really very little change as you can see. 01 on the1 dax futures. Anyones guess. Lets look at the gmm screen. Yesterday, there was a lot of Movement Across Asset Classes. If you look at equity indexes, the s p 500 had a fantastic way because it looked like there was going to be Real Progress on the tax reform debate until the evening last night when we hit stumbling blocks. The markets were bullish into 500. 8 , the ftse was down. 9 . We saw such a strong pound yesterday. Currencies, the Canadian Dollar is a gainer up. 25 against the greenback. The Swedish Krona a big gainer and the bloomberg dollar index down against all of the pairs we look at. You will see that theme throughout markets today. Dollar weakness. Lets see