Amid consulate closures and arrests over spying allegations. Ray dalio warns the capital war could hit the dollar and gold source to a record high. Ryanair says its biggest fear is a second wave of the coronavirus as the Airline Reports a loss for Quarterly Earnings as the u. K. In forces a 14 day quarantine on travelers from spain. Plus, sap plans to spin off its Consumer Survey unit two years after buying the firm. It also beat Free Cash Flow forecast for the year. We are under an hour away from the start of the cash equity trading in europe and the picture, firmly risk on which might seem a little counterintuitive given we are seeing gold at record highs but this is the state of play. Euro stocks futures called 1 5 of a percent higher. Travel stocks could be active given the decision to impose a quarantine on travelers returning from spain amid increasing concerns of a second wave in the country. Ftse futures called higher by a similar margin and s p 500 mini futures in the u. S. ,
Trillion, far below the target set by the kingdom. We are live from hq. Plus, flying high. Results season continues with ryanair. We are joined this hour. We will also keep an eye on the drivers of uber ahead of results later today. Manus welcome to daybreak europe. Ryanair, guidance. Pretax profit, beating the 41. 5 million, but it is to the future and the outlook i think the market will focus. They are talking about the risks to delivery of the 737, and with the guidance, this is what i can tell you. They see a narrowing of fullyear profit after the tax 809 million. these are the top lines coming through from ryanair. This is certainly comfortably beating fullyear profit. The 737 delivery. That is ryanair. Lets get you to the markets. We are risk off from equities, and the dollar, Michael Oleary shortly, us very, very i saw michael flash on the screen. He is joining me very soon, 6 30, and we will talk about the guidance and the risks with Michael Oleary. To the market, i mentioned t
Whoever starts one will not finish it. Wait, wed we work, we worry. Pressure mounts on the ceo of in the u. K. , the collapse of thomas cook leaves thousands stranded. Matt good morning. We have not escaped worries about trade concerns regarding a farm trip. We have been and reporting that the u. S. Requested that but we are also told it does not mean anything is going on that is bad between the trade talks. It has nothing to do with the trade talks as we look ahead to the facetoface meeting on october 10 after the working level talks last week. That is not stopped the asian stocks from falling. Closed today. S asian stocks coming down. Biggest losses in hong kong. Mscia look at the asiapacific and index that following this morning as well. And looking at u. S. Futures, they are up. Reading thes are signals differently or maybe Something Else is at work sending asia down but making traders optimistic for the opening of u. S. Trade. Is strengthening a little bit. Coming down to 7. 11. G
Good morning, everyone. Just gone 6 00 a. M. , lots of earnings coming through from the european banks. Let me recap ubs to start with. The key number is Second Quarter net at 1. 4 billion. The estimate was my hundred 57 million. Was 957 million. In terms of the Second Quarter profit pretax is up 3 year on year. Ubs Global Wealth management posting to billion dollars of outflows in the Second Quarter. Global Wealth Management nets new money, but overall the Second Quarter net beating. Sergio ermotti really seeing a revival of the fortunes in the Second Quarter after what he called one of the worst starts to the year in recent history. The bank posting its highest quarterly net profit in almost a decade, seeing a boost to the u. S. Wealth profit. Coming up, we will speak to the ubs Ceo Sergio Ermotti and get all the details. Dont miss that conversation with manus cranny later in the show. If you want to keep uptodate, there is a fantastic tliv blog on the bloomberg. Lets move on to sant