Welcome to countdown, i am anna edwards. It is 6 00 here in london this thursday morning. We have Many Companies reporting here in europe today. Lets get to the first of those major names, and that is the german industrial giant reporting numbers. Caroline has a breakdown for us. Caroline we are starting on a high note it would seem. The morning to you. It seems that the industrial profit is 1. 8 billion euros a month that is more than expected. They are reiterating the fouryear forecast to drive that profit up to 11 in terms of margin. They want to attain a target of 11 profit margin in the industrial business. They are seeing that being reiterated. Also confirming the forecast for at least 15 next earningspershare growth. They have a backlog of some 110 billion euros. When you look at overall sales they are coming in line. 18. 8 billion euros, that is in line for thirdQuarter Sales. An net income is a big beat. We are seeing profits being sales. They are grossing an overall industria
Markets. Following a healthy run in asia overnight, european markets have opened. Once the leader in smartphone technology, blackberry left the handset game last year to focus on software. Well be speaking to the chief executive about the move. And a handwritten note containing Albert Einsteins formula for happiness has fetched 1. 3 million at auction. So, we want to know whats your secret to happiness . Apart from watching bbc business life, of course just use the hashtag bbcbizlive. Hello and welcome to business live. Let us know what makes you happy. A two year row over whether to ban the use of a common weed killer in europe reaches its climax later. Eu Health Experts are due to vote on whether to extend the licence for glyphosate. Its a chemical used by farmers and gardeners across the world in the herbicide known as roundup. To give you an idea, residue of the chemical has been found on 45 of europes topsoil. And it was discovered in the urine of three quarters of germans tested,
Gap with its peer group . Unfair and punitive. That is what Canadas Foreign Affairs ministers calling the lumber levy. Matt very much looking forward to that conversation considering how hot this story is right now. You look at futures. We are looking at slight gains, the price looks better on the wti screen. After little gains yesterday, they jump on monday. We are looking for gains again today. Check out the bund spread from treasuries. 96 going back to 1999. If you zoom in since then, you can see that we have come down substantially and we are now down below 2 again for the second time. The spread is getting thinner between buns and treasuries. Guy whether we will see that tighten up significantly, it is something we will watch carefully. Money is flying into European Assets right now but mainly equities. We will talk about on throughout the program. New zealand up nicely overnight. The nikkei up 1. 1 in asia. Many of the European Markets strongly bid. Off itsnese yen is highs. Why
Pressure on freight rates remains challenging. If the demand is over expectation, then you have a squeeze for a quarter, that will go away. Lets look at Telekom Deutsche telekom eking out a beat and telefonica benefiting from currency gains. All right. Good morning to you. We have a busy day ahead of us. Its the trifecta day for the b ofshgs boe today. The stoxx 600 is off by 0. 2 . Not doing much in early trade. A mixed session. This is after we saw a low volatility trade in the u. S. Session. Slight improvement in the asian trading session. By in large fairly uninspiring. Once again its all about corporate earnings. Lets check out deutsche post, they are trading lower after missing expectations. Rising only 1. H4 . The company warned the price environment remains challenging. The ceo said a rise in freight rates continues to prove a headache for the company. Revenue is very much strong, strongest Revenue Growth for a while. Which shows the economy is strong. We have challenges in one