Strengthening as asiapacific nations signed the Worlds Largest regional freetrade deal. President trump plains fresh hardline moves against china. M a at the double. Pnc financial agrees to buy a usa unit for 11. 6 billion and creating a european giant. Very good morning to you. Market,to bloomberg the european open go lets get the european open. Revenues coming in at 21. 4 3 billion euros, just a touch ahead in line with the estimate, reaffirming their cash flow guidance for the full year 2021, something perhaps to have that kind of visibility at this point. They say they are on track to ipo. This has been a talking point, what kind of money were they going to raise . There has been talk of perhaps a 4 billion euro ipo coming next year. , it hasthe same unit been valued by some at 20 billion euros. That would make it the largest listing in europe in more than three years. We will be keeping an eye on that. Vodafone said they are on track with that plan. Marketst to the broader and loo
Some have moderated a little. We trade at 68 59. Gold went above 1600 an ounce. We come off the high a ten year yield did get to a 170 breaking a trend line that weve been in since september but now down to two basis points on a 180 handle on that. Looking at dollar yen though that comes off a little bit. Unchanged there on that currency pay. European equities in the red but a reasonably muted move also what were seeing in u. S. Future. One point we saw it drop as much as 1. 7 but we recouped ome of those losses. This morning we begin with the retaliation from iran against the u. S. For the killing of its top general. The nation firing a series of missiles at Iraqi Air Bases Housing u. S. Troops. The escalation coming hours after President Trump says the u. S. Was totally prepared for an attack. Irans foreign minister saying tehrans is retaliation. It adds it isnt looking for war but will defend itself. Also this morning shortly after takeoff a boeing 737 bound for ukraine crashing in
This 70th anniversary gathering that is agreement in one area that china resents new challenges for nato well go live to london. Plus the u. S. Moves to punish china for its mass detention illegal muslims an exile living in america say is very genius trying to wring his religion and. A warm welcome to you on the touchy. We begin with some breaking news germany has exposed 2 Russian Diplomats over the brazen killing offer jordan citizen in berlin prosecutors suspect russian or chechen involvement in the attack the victim has been named as zelin khan really a former Chechen Rebel commander he was shot dead in broad. In a public park last august a suspect named only as a volunteer has been taken into custody russia denies any involvement and says it proved retaliate against the expulsions. This me during our correspondence maximiliano in front of the Russian Embassy here in berlin and from our Moscow Bureau we have our correspondent Emily Shipman welcome to both of you now let me start wi
Stoxx 600 as Morgan Stanley cuts the chipmaker to underweight. Good morning. Lets kick you off with some Eurozone Services pmi numbers. The final december composite pmi was 54. 4. Pmi pointing to Fourth Quarter gdp growth of 0. 4 and prices charged rose at the fastest rate since july 2011. Finally inflationary pressures coming through. Lets look at some of the services pmi. Eurozone december pmi at 53. 7. The forecast was for a print of 53. 1. Easily beating expectations. To tell you across the regions we saw in germany a services pmi at a fivemonth high. Italian services pmi was below expectations and showing slowing in december. We did see an uptick in spain and in france an 18month high. Mixed picture here. This following a Strong Manufacturing pmi earlier in the week. Prices ticking up. Thats something we have been seeing in the uk. Lets give you a view of the european bourses an hour into the session. Mixed trade with softness on the ftse 100. Basically the uk main market is flat
We had some thises some m isses from france and germany. 53. 1, which is an improvement on decembers 52. 8, above estimates. The services is below expectations. The combination of the Services Manufacturing 54. Similar to germinate, similar to france. Both composite measures missed expectations similar to germany, similar to france. So, today is the day. Washington, d. C. , is the place. The federal open Market Committee will release its policy statement at 2 00 p. M. Eastern. We will find out if the worlds biggest economy will get its first racte rise since 2006. Lets get straight out to Michael Mckee for a look at what to expect. What a big day. You have got in store for yourself. Mike we have a very big day, indeed. Of complication, confusion, and volatility. Sounds like a solicitors office. Complication because the fed has to set five Interest Rates today. Whiche fed funds target is the rate banks would pay if they were barring any overnight market. Rate theynt rate, the would pay