Ahead of ourselves but it is gratifying to see the momentum barclays sets aside 3. 7 million shares. Sending shares lower in london telling us this banks Capital Position is strong we remain very capitalized and liquid we sustained profitability in the face of this pandemic. That allowed us to help customers around the world santander sees red amid a slew of write downs. Investors find the diamond in the rough at kering sales fall less than expected, dropping almost 44 . The French Luxury Group says there will not be a second half bounce back. As you heard there in the headlines, we heard from a number of Companies Across different sectors putting it all together markets trading higher up 0. 2 . We are building on yesterdays gains the main benchmark breaking a twoday losing day for the european markets and also on wall street. The Federal Reserve, the conclusion for the meeting as well as keeping an eye on washington where big tech will be coming under scrutiny a lot for lawmakers to d
Topped estimates signaling optimism around new Iphone Models. It is different for samsung. Shares drop after reporting sharply lower profits amid global trade tensions. Matt welcome to bloomberg daybreak europe. We are getting figures from Credit Suisse in switzerland, secondquarter net income was 937 million swiss francs compared to the estimate for 788 million swiss francs. Really beating the estimate on the bottom line. As far as revenue, Credit Suisse says Second Quarter net revenue was 4. 5 above the street estimate. Total revenue was 5. 50 8 billion swiss francs. The estimate was for 5. 34 billion francs. Leading on the top and bottom line, secondquarter wealth 9. 5gement net new assets at billion swiss francs. Credit suisse, doing quite well in terms of the streets estimates. A beatit comes in as it for bnp paribas, secondquarter net income, 2. 40 7 billion euros. Euros. 7 billion looking through the details, bnp paribas Second Quarter revenue rising 8. 8 to 793 Million Euros. F
Anna good morning. This is bloomberg daybreak europe. I am anna edwards. A very warm open to the show. A little bit later on, we have tony smurfit. Anna a very warm open to the show. In the meantime, lets talk about where the threads of the tax debate have taken us in the manus they have been plunged. They are a strong, hardy bunch. Despondent traders say enough is enough. 28 billion of paper was offered. They bought it 2. 7 times. Is,question you need to ask are we seeing concern . Is that why they want paper . Does that offer value for them . Harvey and irma and the trump trade is back on. Rude we go next in the bond market . Thats where do we go next in the bond market . Where do we go next in the bond market . Anna heres the risk radar. Lets take a look at where the dollar is. Fascinating when you look back at september, not typical. Certainly in terms of where we are on the oil and dollars for it. They can and does the yen is weaker. The dollar is up again. 65 probability of an in
The fed meeting today. Investors are looking for any change in the statement suggesting they are acting and ready to fire with that next rate hike in december. A whole bunch of other elements into the mix. The reflation trend, equities are being impacted. The italian referendum later this year. So the stoxx 600 running half of a percent lower. You can see how negative is sentiment is. Every sector the trading weaker. Food and drink better end of the scale but banks tracking whacker by 1. 25 . This is a sector that has grown very aggressively in the past few weeks on the trading window. Investors are saying did we get it wrong in terms of not looking at this sector in recent times . The gains we saw in october very strong. Investors lightening up on risk. Thats why the Banking Sector is one of the worst performers. Autos another cyclical down by 1 . If you look at the gains in october thats a sector where you saw some activity. Lightening up on the portfolio may mean these names. Financ
The export and import numbers were toward you this morning. The euro steps bacsk from its alltime high. Denmark, portugal all off in excess of 25 . The pound is at a fiveyear low. We are waiting for u. S. Retail sales to come through. Iron ore down at 30 45 this year, 30 in the making. You are seeing the miners come under pressure. As we go to the imf, stopstart scenario. A lot of criticism of the miners. Just keep digging that stuff out of Western Australia and exporting it. Paris, lets have a look. On the downside by over 1. 2 . Some individual names in focus today, the irish paper and Pulp Corporation up 2. 78 . They are denying that they are in talks, had an approach from international paper. They are saying it is frustrating that theyve got these reports. Julius baer dispelling rumors that julius baer and Credit Suisse have not held talks, according to the ceo. Tesco down by 0. 9 . Tesco may face another 3 billion pounds of impairments. Scrapping plans for 49 stores. Those are you