A warm welcome to bloomberg daybreak europe. Im anna edwards. Manus get ready because well have a slew of earnings today, the busiest of the season. First have core earnings per share is that the. Outlook for the this year. Sales came in 26. 34, above the market estimate. They had guided that they would be broadly in line. They are confirming its about the bio similar threat. The Cancer Therapy was 1 7 of their revenue. A footnote to history is the line from the ceo. Numberscondquarter coming through, confirming the 2017 guidance. The bad news they seem to have missed on second order numbers. Below the estimate. Secondquarter revenue also a touch below the estimate. Ramparthe reengineered remains challenging. Superjumbo facing a number of issues. The newest widebody. Somesulted in cancellations. A lot to look out on the airbus numbers. Basf,etting numbers from keep in a nihilist germanbased company. Adjusted ebit. When looking at what the actually reported for the second is a, the sale
Rishaad we are a leading an important trade day out of china. Looking at july numbers, expected to be up about 11 from a year ago. That would be similar to what we did see in june, 11. 3 gain. Early indicators are positive. Lets have a look at what is going on. This is trade, remaining resilient. Administration, trade seems more and more likely, are also looking at steel. Steel exports rank 2. 5 of the total to china. This is what we have currently. We see have exports and imports are down from elevated numbers we had great other than. 3 is the big number from exports in dollar terms. Imports, 17. 2 . Thats what we are looking for when it comes to trade numbers. Could be out anytime in the next couple hours. On thethis will build back of the fx reserve numbers we had late yesterday suggesting that there are six straight months of building reserve expectations for the yuan. You have to take this with a grain of salt heading into congress. It is the consolidation of power and policymakin
Business risk warning today as it reports a charge that could top 6 billion. Were getting set for the openings. We go to hong kong and the rest of china coming on stream in just a little under a half hour from now. Lets get a flavor of what is going on. It seems like one way traffic, david. David were seeing some markets under pressure right now, rish. I think the last 30 minutes or so has maybe changed the conversation a little bit as you can see behind me. The kospi has been down pretty much since it opened. It hasnt been very down. I think if i want to take a phrase from a very simplistic way of explaining the markets. Most stocks down. Japan made it down to the yen, when dollar yen started to fall is when the benchmark basically erased its gains and where we are at the moment. We are still seeing decent gains so the overall tide is up. Australia up for a sixth straight day. I think that would be the longest streak of gains there. In sydney, going back to august of last year, ocbc j
Solid progress, janet yellen saying growth may have a higher rates, regardless of president trumps policies. Lets get underway, midweek session. When it comes to markets this week, we have shanghai, kuala lumpur starting off their session. A lot of things to discuss, david . David a lot of data coming through. But there was an underlying theme. We had testimony from janet yellen. It is all very positive. A bit more hawkish than expectations. This feeds into the narrative that the Global Economy is doing rough. The data that is come through, quite solid. We talked about china a lot. 144. 19 is the regional benchmark. 114. 3,dle to pass is that takes you back 2014. You have japan all day yesterday, the dollaryen pushing higher. Australia, you have the banks and minor stocks on the way up. Taiwan, a quick mention of that market. They have been up for five or six straight days. , a place ofollar concern for policymakers. The gdp will come up later on. When you look at the start, it has got