Have a stacked up show for you, were going to talk about the drug sector, i wonder what the ceo of nevadas is going to say about health care in the United States. In fact, it looks as though we are getting some numbers through right now. A fouryear numbers to be broadly in line and confirming the Group Outlook for 2017. They are a Second Quarter core eps, reading estimates, one of the biggest headlines. Broadly in line, that one seems to be. 1. 22, thenumber, estimate was 1. 18. Looks like the core number has beat the estimate. We will speak with the ceo later on during the program. This is the point from the analyst, this would be the trough in terms of some of the challenges they have from the generic competition, but they say year sales are broadly in line. They reconfirmed the core number, about. 2 on earningspershare, the estimate was about 1. 18. Lets talk about a we rating. The aussie dollar at a twoyear high. This is the blue line. The reserve bank of australia is the is using
The pressure of her treasuries continues to widen and getting good momentum back, novartis ceo tells bloomberg about the improved outlook for the outcome unit. Alcon it gives them more options. Performings is better than anticipated. We are going to get an analyst opinion on this stock at 8 30 u. K. Time. Less than half an hour to go until european equities open. We have already got what is an interesting future story developing. It is picking up from what we saw yesterday in united states. Naked this morning, we saw a selloff post the failure in its current form of the Mitch Mcconnell bill to replace obamacare. It isnt going to happen. What happens next, market is still conjuring and trying to extrapolate this. Does oppose a problem for the rest of the trump agenda, what does it mean about mr. Menu shoulds ability to avoid a debt ceiling. Lets move on from there and talk about what we are seeing around the world because the aussie story is interesting as well. Talk about the gym this
Having his ratings cut. A source saying a debt equity swap may be on the cards if the charges surpassed ¥400 billion. Backhilippines pushing after yesterdays rally, the shanghai composite down. 2 . Given currency markets the weaker fixing from the pboc, a softer currency today, the yuan there. A stronger day for the yen against the dollar. Thats dollaryen up since november. Trading below 117 as the greenback fell against most major currencies. In the oil space, continued weakness there, oil retreating from an 18 month high after Industry Data showed u. S. Stockpiles in the u. S. Rose last to of forecast showing inventories fell. We are close to what we are expecting from opec and other Major Oil Producers next month when it comes to those promised output cuts. Rishaad thank you very much indeed for that. News,get to first word shery ahn. The bank of japan has released comments and opinions from its policy meeting that relate to the discussion before when one unidentified member admitt
Anna im anna edwards. Its 6 00 here in london. 7 00 if youre watching in paris or berlin right now. Lets dig into the basf numbers, the German Chemicals business. Adjusted earnings before interest an tax 1. 18 billion. That against an estimate of 1. 16 billion, in line or a touch ahead of that estimate. Q4 sales coming in above the estimate of 14. 1 billion. Theyre proposing a dividend of three euros per share. They say 2017 will be slightly higher. The estimate has been 7. 24 billion for that number. Well get more details as we go through the earnings release. Well be speaking to management of basf. Lots to talk about with chemicals an the agriculture business. Lets also get to some other things coming up in the show. The French Defense business is reporting numbers, theyre reporting number this is morning. They see adjusted renews rising 3 in 2017, thats the guidance part of things. The 2017 adjusted 1. 804 billion and theyre paying a dividend of 1. 52 a share, the divedebbed up by 1
You. First thing is first, we always check the markets. On whates us guidance investors think. The Federal Reserve continuing to drive a rally in the dollar. Asian shares falling, u. S. Equities higher. The topix finishing at the highest since december 2015. Yen was lower. Tokyo shares jumped after the dow at 21,000. Little bitocks a unchanged after closing at the highest level in more than a year yesterday. The dollar extending some of these gains after brainard became the latest fed official to support the case for an Interest Rate hike. Lets get to the bloomberg first word news. Heres nejra cehic. Nejra the u. S. Justice confirmed that attorney general Jeff Sessions had conversations with russias ambassador to the u. S. While he was a surrogate for Donald Trumps campaign. He said during his confirmation hearing that no contact occurred. Sessions said in a statement that he never met with russian officials to discuss the campaign. The news has prompted Top Democrats to call for him t