Transformation which will catch every part of our society and our economy. And we will do it because it is the right thing to do. Investors want their say. Carl icahn turns hostile in its bid for hp and dell shares dropping in after hours trade as they slash its full year revenue cost and blames a chip shortage from intel. I feel like a bit of a broken record saying this every day, but we have new wall street record highs yesterday for all the three majors yet again inching higher yesterday more optimism on the trade talks as well with the u. S. President saying that they are in the final throes of reaching a potential deal and that has given a boost to asian markets as well. The stoxx 600 reached a four year high. So very good dumomentum and you can see that there is a green board right behind me. All the majors are trading positive ftse 100 the outperformer up about 30 points. Good performance in the Mining Sector so that is the uk. Xetra dax up about a ten it th t as well. Pointing
China. Xi jinping ahead of talks with President Trump before the g20. Bayer shares jump as the German Chemicals group bolsters its legal team to address a multibillion dollar litigation challenge around its roundup we weed killer. And h m reports sales of its summer collection are off to a strong start with the firms shares on course for their best day in three months. Good morning a bit of italian data this morning. Italy june Consumer Confidence numbers are just out theyve fallen to 109. 6 verses a consensus of 111. 3 this is the lowest italian Consumer Confidence number since july 2017. Overall Business Confidence has also fallen to 99. 3 versus 102 in may Manufacturing Confidence has also fallen to 100. 8, slightly below consensus of 101 also lower than in may that will paint a picture of slowing confidence in italy. That is the picture for euro, returning flattish around 1. 1370 there hasnt been Much Movement in the euro. The story has been one of dollar weakness rather than Euro
Estimates to the value of coming under a unified structure. Were open to all ideas which can simplify our business. This is a project that still has a wide possible range of outcomes and raking in the cash covestro valleys as they say theyre generating cash faster than expected due to Strong Demand but the ceo says he is not eyeing any specific acquisitions theres lots of opportunities. What is missing is value created opportunities. We have a fixation on any deal, if we were to do one, has to be value creating. Shares in ihg check in at the bottom of the stoxx 600 after the hotel Group Launches a Strategic Review and halts special dividends. The ceo tells cnbc how the firm is spending its cash we announced a number of Strategic Initiatives to accelerate those trends and bringing new brands to new markets, launching new brands, investing in technology and funding more efficiencies in business to fund that growth good morning lets look at how european equities kicked off the morning. Th
First annual home market revenue rise in anyone years. And headwinds for iberdrola. The stock sees red after fullyear earnings miss expectations failing to offset a proposed Dividend Increase i will speak with the chairman at 11 00 cet all right. It is pmi extravaganza this morning. We already had pmi numbers out of germany an france both were disappointing. Just getting in the flash composite pmi numbers. Lets look and see where those came in. The february composite flash pmi came in at 57. 5. The forecast was 58. 5. We have another miss here coming in its not that surprising after what we saw coming out of germany and france a bit earlier. So definitely the numbers have begun to drop a bit. Were seeing that in services and in manufacturing as well a little bit disappointing there. The euro has come off a bit on those news lets look at how european yields are doing the currency dropped a bit i would expect there to be movement in fixed income as well, particularly as the bund was trad
Good morning a very warm welcome to Worldwide Exchange on cnbc im wilfred frost live in london this morning lets get straight to the market picture this morning futures pointing lower, quite significantly as welcoming off that fantastic rebound last week the dow was up 4. 25 it sits at 5 away from that late january alltime high last week was an impressive rebound following those turbulent weeks we had seen before that. The s p similar amount up last week, a similar amount away from the all time high. The nasdaq was an outperformer, up just over 5 . Its now 3 away from its alltime high. U. S. Markets were closed yesterday, while we saw a bit of a decline elsewhere around the world. Today playing a bit of catchup to the down side following yesterdays declines if places like europe and asia, but also perturbed by the higher yields were seeing so were down about 165 points on the dow the s p down 17. The nasdaq down 40 points. The tenyear treasury note, yields picked up on friday following