Toward em debt. He also weighed in on the fx manipulation debate. The currency weapon has been on the table for a long time after the chinese have used that weapon. Manus a warm welcome to daybreak europe. Lets tell you what is going on in the market. What is happening with the dollar . Will we see a new form of fx wars . Bloomberg dollar index, this is five days. We have been down three days in a row. Is it slippage or selling . Europe, slams china and both in terms of their foreignexchange policy big currency manipulation game, and the question he poses. Do we need to match or continue being dummies . What does that mean for the market . We will look at risk on and risk off assets. Gold we just talked to mark mobius. Everyone should have a little gold in their pocket. In the next fed rate reading cycle, the last cycle gold flew to the heavens. We will delve deeper. Oil, a little slippage in the market. Stockpiles were down for the third week in a row. Globally, the market is debating
All change in greece after a snap election, but what are the economic challenges facing the incoming Prime Minister . European markets look like this at the start of a new trading week. We will have the details of all you need to know. And, getting an early taste for business. We meet the former teenage entrepreneur who began selling ice cream at the age of 15 and turned that cash into a pizza chain. Today we want to know, with prom season in full swing in the uk and parents splashing out on their kids for the big day, are we taking this american tradition too far . Should we indulge our children . Let us know just use the bbcbizlive. Welcome to the programme. It was once the worlds biggest Financial Institution. But now Deutsche Bank has confirmed one of the biggest overhauls at an Investment Bank since the aftermath of the financial crisis. Its confirmed that 18,000 jobs are to go over three years as part of a restructuring plan. That will ultimately cost 7. 4 billion euros or 8. 3 b
Missing revenue targets. Shares sinking after hours and supplies fall in european trade. A shot in the arm for novo nordisk, profits beat forecasts and the drugmaker raises its outlook. Hugo boss shares fall out of fashion sinking to the bottom of the European Market as investors shrug off better than expected earnings. Good morning. Great to have you with us once again. We have a jam packed show for you. We have plenty covered for you from earnings to the outlook for the middle east. Lets kick things off with earnings. Were off by roughly 0. 1 , not by too much. But it seems like theres some profit taking going on. We did see a Strong Performance in yesterdays trading session, the alltime high for the dax. We were at 20month highs. I guess investors will be forgiven for taking profit today. Once again were in the thick of earnings season. This is driving some indices and shares. Lets look at the markets one by one. Youll see the dax is pulling back from yesterdays high. Back below the
What Financial Markets need is certainty. What we have learned we are going to get two years of uncertainty. That is correct. I do believe there is going to be a negative element to the global markets. We do have a new Prime Minister and u. K. Who focuses on growth as a result of the in the united states, and we have a new president , they focus on fiscal policy and Growth Initiatives did if we have more Growth Initiatives. It will allow Central Banks to take the foot off the pedal, to start seeing a rising Interest Rate again which would help savers, investors. Then we will not have that stability. We know outcomes from government , they are still twiddling their thumbs and advocating their responsibility to central bankers. I do believe we have a real problem ahead. Francine that was the blackrock ceo. Here are our top headlines. Johnson the fight for the top job is underway as mark carney tries to soothe markets at just soothe markets. Goldmans, bank of america getting the green lig