describing the dollar as strong. and easyjet brexit turbulence. the budget airline says sterling will impact earnings by over 100 million pounds. it rose 20% since october in the shares keep climbing? matt: well, we are looking at futures that indicate we could see gains across europe this morning as the ftse futures are at about .3%, cac futures up about .2%, dax futures very little change after drops across the board yesterday. we see further pound weakness today, or should i say we see dollar strength. the dollar, after coming off a little bit off steve mnuchin s comments, starting to gain back the strength that have lost. guy: absolutely, let the show you on the gmm. the british pound is the big loser. this is advance of the supreme court ruling, which comes through at 9:30. as matt says, more to do with what s happening with the dollar. they got hit a bit yesterday, and now beginning to come back. this morning it is down but it is starting to rise. the yen is down as w
the central-bank prepares for its last super thursday ahead of the referendum. we will bring you full coverage, live on bloomberg. so we are 28 minutes away from the start of the european trading. it looks likely will see a mildly negative start to the day. let me show you what s happening. this is the picture at the moment; you need to focus on his missed price column. london looks like it will be down around 3/10 of 1%. continental markets looking firmer. i would say probably that points to a flat story at the get-go. caroline: yeah. let s have a look at the asset checks we have on. i want to draw into what has been happening on the oil side, and what has been happening largely on the japanese trading front. keep an eye on oil. there was a surprise reduction in inventories in the united states; we saw it down to its lowest in september, 2014. clearly a bounce in oil has been driving it, some japanese bonds to keep a close eye on. i m interested by the fact that 30 year japa
a higher cash bed. a very warm welcome to countdown everybody. i am anna edwards. manus: breaking news. anna: six a clock in london, 7:00 in amsterdam. where the business is based in the netherlands, saml is europe s largest semiconductor maker. third quarter revenue at about 7 billion euros. so estimate was 1.7 billion, that sounds very broadly in line for maybe a touch shy of that. the most bullish estimate for the third quarter. the ultraviolet lithography system, which increases capacity and speed. agreed to buy microvision for about $3.1 million. this is a part of th customers,s for the samsung electronics and intel, these chip manufacturers, that they will increasingly use the technology. certainly that revenue looks to be broadly in mind. $354 million in the second quarter against an estimate of three when $7 million, ahead of the second quarter. manus: we are waiting on the revenue numbers, expected $5.2 numbers, expected $5.2 billion. let s have a risk radar look. sl
and the ecb president mario draghi says low interest rates are not to blame for europe s bank problem. does deutsche disagree? we are less than half an hour away from the european open. whether we expect futures to deliver for us today. we are very much risk on. we are expecting of pop and european equities to the tune of around 1%. questions still to be answered. i will show you the contract table on oil. but what is happening with canada and australia. we saw them all flying overnight. the yen taking the brunt of this on the downside. music to abe s is i m sure. in-depthe you a more look at what is happening. has toldyellen lawmakers that the fed is looking into what she calls disturbing compliance failures at the biggest u.s. bank. ted leonsis review will investigate reaches including mortgage abuses. yellen was responding to questions about the fake account scandal but would not confirm the fed is considering fed president patrick harker will give his first ever media i
still closed. ftse down .4%. cac 40 on the other hand looking up almost .2%. it is coming in a little bit of a mixed picture at the moment. investors digesting the slightly more hawkish stance from the fed. digesting the earnings reports that we have had today as well. i ll take you through some of those focusing specifically on the oil majors of course. that is one of the industry groups that we have been looking at this morning. shell down more than 1% after a reported 70% decline in third quarter profit. largely down of course to slumping crude prices. brent crude fell about 45% in the past year. total, this is moving higher. shell of course europe s biggest oil company, total second biggest. third quarter profit actually beat analyst estimates. this was down to a refining business. we saw that pull through in the second quarter as well. lower crude prices tend to be better for refining margins. italy s largest oil producer reported a net loss in the third quarter. just ve