Yearoveryear, and that is demonstrating that both on the revenue side and on the expense side, the impact of the restructuring is making itself felt. Iose would be the things would focus on. The overall performance, obviously, is weighed on by the cru and the losses in the cru, but even there, we are progressing basically in line with our plans both for deleveraging and cost reduction. We also had earnings news out from daimler as well as volkswagen, and youve got some earnings lines coming in from barclays. Anna absolutely. We continue with the banking theme. We have Net Operating Income coming in at 4. 70 one billion pounds, a touch below the 4. 60 one billion that had been penciled in by analysts. Theres been a lot changing, of course, since the month of march, especially the volatility, as we know. Interesting to look at what has happened in the Investment Banking part of the business as well. 3. 62 billion dollars, well ahead of the estimates for that particular part of the busine
Percentage point and friends u france up. Up a quarter of a percentage point. Questionable reaction at will see muted reaction overall. Today, the relief we could have a deal done. You mentioned a oil. I want to bring that across. We are seeing oil lower. Down almost two percentage points. As applied to keep going as we have a deal in iran. A day deals. Greece and potentially iran. Sanctions potentially lifted as they strike an accord. Today greece when you looking at the equity markets and the bond market. Calming down of the periphery lets go to greece with the 10 year. 11 basis points. Clearly, money going into italy and spain and the periphery of europe. That fear of contagion removed. Similar moves for spain and the haven as we saw a earlier in trading. Rises in germany and bond prices falling. Leave you with a twoyear. Where you see significant moves and shortterm debt. Off by almost one percentage point. I will send it back to you. Jonathan the euro summit has unanimously reache
Bit. Right now we start with vonnie quinn. Vonnie good morning. Greece has made the deadline it could not afford making payments totaling 7. 4 billion to a number of creditors including the imf and the European Central bank. Greece got a bridge loan after its parliament agreed on new austerity measures. Greek banks reopened for the first time in three weeks but there are limits on withdrawals. Angela merkel says that is one of the reasons bailout cost need to go quickly. Merkel is also suggesting greece get limited that bullies, but she will Debt Forgiveness at 30 to 40 , that cannot happen in a Currency Union. It can happen outside of Currency Union but not within a Currency Union. Vonnie the price of gold has gone to a fiveyear low, down more than 1. 5 today. Analysts say there are a number of reasons. The fed is set to boost Interest Rates today, which favors the dollar. There is a demand for gold in china. Donald trump is doubling down on his attack on john mccain or he wrote an op
The trigger on the economy at home but if youre looking at inflation that is where the concern is and those inflation was have piled on since the july meeting. Continuingd a spiraling lower and oil prices and that will eventually push back a fed rate rise. Only about one third think that a rate hike will happen in september. It used to be a 5050. Beforenny isnt it when we thought the stimulus would end in the u. S. The market would selloff. Now a delay in the rate rise and the market still sells off its because they are focusing on why the rate rise will not come. By 1 10 of a percent. We will be seeing how all of these markets open across the board and there will be some interesting movers. Keep your eye on richemont. We are talking watches. The exports from watches are following. Down 40 in china. That is a phenomenal statistic. That is showing the woes of Consumer Sentiment in china not wanting to buy foreign goods and especially not after a devaluation. Think about what august is g
Later in the programme well get the inside track on a tech company which aims to tackle the worldwide problem of poor eyesight. A new survey has found that online spending in the uk has fallen for the First Time Since 2013. Today we want to know whether your expectations of the future are affecting your Spending Decisions . Do get in touch just use the hashtag bbcbizlive. Hello and welcome to Business Live. So Emmanuel Macron has won the french presidency, and now the hard work begins. His first challenge will be to form a government with crucial parliamentary elections in june. The outcome of that will determine how much power the new president has to tackle the lengthy list of economic problems. France has had a high Unemployment Rate for decades currently around 10 of the workforce or 3 million people. That compares with less than half 4. 3 across the border in germany. The problem is worse for young people 24 of those between the ages of 15 and 2a dont have a job. The other big iss