Could be at risk because of not enough capital. And thomas cook shares dive more than 10 as margins are pressured despite a turnaround in demand for trips to egypt and turke turkey we are an hour into the trading session here in europe so far stocks are just slightly tilting firmer, but not by much on the broader image of stocks on the stoxx 600, the core markets not exactly helping out. The ftse, the cac, the dax, the uk market is slightly higher than the rest. If youre looking for decent gains, its on the spanish stock market that market up about 0. 6 , versus what youre seeing in the rest of the charts the ftse in the uk and the ftse mib selling, but the dax and cac on the flat line in terms of sectors, this is how were perched. Travel leisure at the bottom thomas cook not helping out the Sector Technology down by 0. 4 . Media stocks weaker. Rw in germany moving towards the upside we had a fairly firm move in the price of brent overnight 1 higher. Almost eclipsed by wti, up by 0. 19
Of 125 so, that is just a touch below expectations the headline index, that is easily beating expectations. Lets get instant reaction to this from annette. The key question here, to what extent did this already factor in the collapse of the Coalition Talks . Would this have been reflected in this result actually, the cut off date of that poll by ifo is yesterday. There is a fraction of respondents who have factored that in in their response. Ifo is also saying the majority of clients are responding in the first two weeks. So, bottom line is there is only a slight effect of the collapse talks in the numbers setting these things aside, there are many people also, the German Economic Council of economic experts, who say those failed talks should not necessarily dampen the Economic Conditions and the outlook for the economy. Because its quite clear in the end well get some sort of government, whether it takes a month or two or three longer wouldnt be much of a problem for the economy and t
Fullyear guidance and blames restructuring costs. And Fiat Chrysler shares rally as the Company Promises company bonuses on the back of u. S. Tax reform and unveils a billion dollar investment in michigan now, on to one of our top stories, german lawmakers reached a break through in negotiations to form a Coalition Government according to reports. This allows them to move on to formal Coalition Talks a coalition paper says the cdu and spd want to strengthen the eurozone by partnering with france it says germany is prepared to boost contribution to the eu budget and germanys domestic budget will be balanced without new debt weve seen quite the reaction in euro dollar. We had a bounce in the currency pair following on from the hawkish ecb minutes. You can see again euro dollar is having a strong day today, up 0. 7 in trading. Breaking through the 1. 21 mark for the first time in a couple of years now, lets get out to annette in frankfurt. What can you tell us about the socalled break thr
Sara eisen on this friday. Tgif. Thank goodness. Great day yesterday we were up 0. 8 for the major indices. Transports yesterday, the russell index, Smaller Companies up 1. 7 that positive momentum continuing, up 100 points on the dow this morning lets have a quick look at the euro popping on news that german lawmakers reached a break through in talks to form a new government the euro had a good session yesterday as well. That was off the back of ecb minutes. But todays move off the back of that german political news up to 1. 2121, thats a high we have not seen since december 2014 joining us is willem marx from london with more so, essentially whats happened here is the spd and the cdu have agreed that there will be a coalition they had a media blackout for the last five days over these preliminary talks. Were getting a slew of headlines now coming out of those discussions. Those include a lot of the spd wish list items they have been pushing for. Angela merkels party and her sister pa
Government shutdown, paving the way for hundreds of thousands of people to go back to work. And germanys social democrats get set for negotiations to form another grand coalition with Angela Merkels conservatives. But the chancellor will not have an easy ride. Im brent goff. Its good to have you with us. U. S. Vice president mike pence has told the Israeli Knesset that the American Embassy will move to jerusalem by the end of next year, earlier than expected. It only adds to the controversy. Mike pence is the first u. S. Politician to visit the region since President Trump recognized jerusalem as israels capital last month. Israeliarab lawmakers made their opposition to the move clear from the start of tenses start of pences speech. Mark the protests kicked off before mike pence began his speech. Arabisraeli lawmakers were escorted from the knesset after waving signs following donald trump incendiary move to recognize jerusalem as the capital of israel. They showing they sanctioned Eas