Michael horn blames individuals for that emissions cheat. This as they say the fine should fit the kicrime. Theres talk between europe and the u. S. On what reasonable and effective fines will be. Lets not go over the top here. Shares in glencore jump after they will battle zinc production. The move lifts stocks across europe. Hi, everybody. Good friday morning. Glad youre with us to wrap up the week together. Our european equities this morning flat to a little bit higher. The shocks europe 600 higher by. 5 now. Our main European Equity markets this morning, this is what were looking at. Ftse up by 0. 3 . Ftse mib by. 5 as well. Quite a bit of green. Our memories escape us. Lets see what type of week its been so far. Since mondays trade weve seen a rally there. The ftse 100 on the week higher. The dax up by. 5 and the cac up by 5. 5 and ibex up by 6. 5 . We saw a big sell off taking place with vw in the fray the week before. You had worries about what the Central Banks are going to do
Losses. Hillary clinton takes on president obama saying she does not support his transpacific trade pact as she outlines her plan to take on wall street if she becomes a democratic candidate. The story of the day. Lets check in on european lenders and they paired back their losses at the start of the session. This is because germanys largest bank stunned investors by announcing a record 6 billion euro loss and in an exercise in what theyre calling kitchen sinking we have him outlining a slew of charges and write downs that may cost the company its dividend for this year. Total charges could top 6. 2 billion euros and this goes back to a lot of missteps when it comes to corporate banking. Right. Most comes from a 5. 8 billion euro investment charge on the Investment Banking side and private client business as well. Bank also set aside more funds for Legal Provisions and a write down on chinas bank. Those factors all coming together to surprise the market and carolyn has more on that. An
Brothers. Sinking on weak pc sales while they jump on the profit forecast. Ubers global head talks about how the ride sharing firm could be carrying more than passengers in the future. Well always be growing were capable of doing a lot more. Were making investments all around the world and in business opportunities. Hi, everybody. Welcome back. Were glad to have you with us. Theyre talking about how they see the rising of a market sell off. She says that its a low level of financial Systemic Risk in the euro area and an increased risk of abrupt increases in risk preed yum at a global level amply identified by low market liquidity a faster than expected fed tightening could push the yields higher according to the ecb and that Financial Vulnerability for the emerging markets sin creasing. China they point out as being a particular concern they talk about low profitabilitiened Systemic Risk. Lets talk more about geo politics. Russian president Vladimir Putin said turkish authorities purpo
Of our brothers. Authorities identify a new suspect linked to the paris terror attacks. Meanwhile french president hollande and u. S. President obama agree to step up air strikes in syria. A tale of two units. Hp inc sinking in after hours trade while Hp Enterprise jumps on a solid profit forecast. Ubers global head hints at how the ride sharing firm could be carrying more than just passengers in the future. Its part of who we are and this logistics platform is capable of doing more. Welcome to worldwide exchange. A lot to get through. Great conversations coming up julia live in brussels. First lets give you the latest on this story. Now the turkish president saying his country will not escalate tensions with russia following the downing of a Russian Military jet by turkish forces. Speaking within this last half an hour he said turkey had shown restraint and didnt know the downed jet was russian. The turkish president also defended the actions of his forces. We dont have any intention
Power play, edf boosting its power target this year thanks to stronger new output in france sending shares sharply higher. Lets get straight to the market action. Glencore shares trading higher after debt retux plans. The company outlined an ambitious net target between 18 and 19 billion next year. Along side this the mining and Trading Company plans to cut capex as it grapples with a continued commodity route. Share prices up 10 in london trade. Thats also helped boost the Mining Sector more generally and one has to say, susan, that glencore has handled this latest head wind its faced pretty well. If we rewind just a couple of months, wouldnt think it would have managed to reduce debt targets so significantly. Yeah, credit default swaps were pricing in a 50 chance of default from glencore. The stock is still down 70 , you know, at one point we were down 75 on the year but is this really good news . Because from what i understand yes were looking at 2 billion in Free Cash Flow but then