Product profit increase but can it be sustained . Well find out when we speak to the cfo in 45 minutes time. We are now half an hour away from the european open, caroline lets take it look at where we think it will take us this morning. It looks like a mildly negative start for the european day. This is the fair value calculation. The dax 00 it will be just positive, Everything Else looks like it will be negative but only just. It looks like a fairly flat open. Rebound iny we saw a minors when it came to europe and that seems to move into asia, helped by copper trading up 0. 8 . Brent crude oil is currently flat. There have been concerns about nigeria and the niger delta being evacuated and concerns about the safety. There seems to be a supplydemand dynamic. Yesterday andckup it seems that commodities go higher and so do stocks. We will be digging so much more into the dollar index because its down a quarter percent but goldmans sex says go long on the dollar. We are underestimating wh
The top story, terror returns. Read france has extended a state of emergency and well deploy 10,000 members of the Security Forces after of the still daily tille thea beasas attack killed many. Ois hollande while commitment to fighting terrorism. It is clear we have to do everything in our power to fight display. Manus we have more on this story. Caroline, what is the latest we know . Terrorists war with who want to strike at us at any price, in the words of your president. Caroline even though we dont know whether the truck driver had any accomplices, if he was a a alone wolf, even though there hasnt in claims from the islamic state, the president is qualifying this attack as a terrorist attack. He said the terrorist nature of the event cannot be denied. It does look like a prepared action. We know this big truck, a big white loriy, was rented. It shows there was some preparation of the actions. The leaders around the world are reacting to the attack. The president of burma said, i te
Tom keene in new york. There was a big surprise from the boe yesterday. Tom i have to tell you, and we will show charts, yields speak to the tensions out there into this mornings jobs report. Francine they certainly do. Then we will go to the boj. Lets go to the bloomberg first word news. More on todays jobs report. The government will issue another solid report later this morning. 180,000 increased by july with the Unemployment Rate falling to 4. 8 from 4. 9 in june. Fornumber of people higher permanent positions in the u. K. Slumped the most in seven years in july, according to a report improvementd the federation. They are calling it a dramatic freefall. The bank of england said the outlook good weekend markedly. In south africa, the chief whip of the Ruling African National Congress Said the party conceded defeat in Nelson Mandela bay. That includes the city of port elizabeth. 98 of the vote counted, nearly 47 of the vote, to 41 for the anc. They are poised to lose control of Johan
York and onceew again, a series of negative headlines. Is point around north korea that they say they have successfully tested a Hydrogen Bomb. With north korea, it is very hard to vera why the facts. To verify the facts. Guy it reduces the size and increases the yield of the device. As a result, maybe one step further forward to them being ale to put a device on missile and hit targets around the region. Another reason for global instability and regional instability. Which is more significant this morning, another geopolitical event or another market event . The chinese once again letting their currencies slide a little bit further. In august, that huge move. It just looks like a blip now. Risk,an north korea tail nuclear. Weaker fix. N, a we talked about manufacturing numbers. Theas been offset by Services Data. That is going to be a concern for a lot of people if that is not a oneoff. Guy we will talk about that later. Mohamed elerian lays out some of the risk. Investors are going t
Headlines this morning. European central bank keeping Interest Rates on hold. Investors are waiting for ecb president mario draghi to reveal plans of an asset buying program. The former head of the president ial Protection Branch will run the ac on an interim basis. He replaced julia basin, who quit. And a warning from Hong Kong Police. Toleratethey will not any attempts from protesters to publicd or invade buildings. Will escalatests unless the hong kong president steps down. Does i look like he will. Yesterday, it was our turn in the u. S. The dow is down 230 eight points. The s p index well over a full percent. An official bear market now. Airline stocks dragged down transports. In the markets of the jobs report now. The 51 51 billion global fund. Also, rachel evans. Thank you for joining us. And exciting day yesterday, surely depressing. Think about the reaction we got yesterday to all of the problems . We are value investors, longterm investors. We do not have to have a specific m