Journal there close to raising rates next month. Chinas push to join the elite as a currency takes a hit. More work is needed on the yuan. Welcome to countdown. This is Bloomberg Live from london. 6 00 a. M. Numbers are coming through from moments ago. Lets get to carolyn conan. She is in paris. Yes. It is the highest quarterly earning in eight years since the financial crisis. Societe generale benefited from three things. They had a good performance and equity ending. It jumped 61 . They also had a gain of 312 Million Euros. Recovery of the economy in europe, especially in france. They had 45 Million Euros in russia. This is smaller than it was in the First Quarter you also told me in the Second Quarter. We spoke exclusively on second order earning. We have a strong set of results. Good performances across the board. Also good monitoring of costs. A really strong performance. And very happy. Couldnt talk generally about the economy, france and europe. Would you say the economy is stil
Gas turbine unit hurt the Fourth Quarter profits. The co tells cnbc hes positive on the outlook its a complicated environment. We have been outperforming competition. As i said, i look at my business, i look at our customers, we also are mindful about our competitors. I think we are on a good track and adidas shares fall despite the company posting a Third Quarter beat with growth in china and the u. S Kasper Rorsted says the company will push ahead for its plans for american expansion theres no doubt within the u. S. Marketplace that is hardly growing and were growing more than 30 shows we are gaining traction for the last three years in the u. S good morning its thursday, and it is an incredibly busy thursday plenty of news coming out of the german corporates. Much of that was disappointing, if i look at the likes of siemens, adidas. Lets show you the heat map and show you how were faring. The stoxx 600 is off by 0. 1 after we fell by 0. 1 in yesterdays trading session. So the moves
Error of fossil feels. New era of fossil fuels. Is midday. Welcome to Bloomberg Markets middle east. It is all about the fed, 100 percent certainty. Indicatingng futures that is where it is going to go. An indicationis of how long it has been since we have had an interesting Interest Rate cycle. We have not seen certainty for as long as i can remember. Take a look at this tribe that i got for you. Is the market implied odds of an Interest Rate at 100 . N they have been at 100 for a wild. Two panels underneath the panel, is the see the blue line bloomberg dollar index. It is going to be a big day for both bond markets and the dollar market. That will be of interest for everyone around the world about but bit certainly for markets in the middle east. Many have dollar pegs. Right here in hong kong the dollar peg. What does it mean to the region . That is the question in terms of guidance for 2017. Lets do a quick check. We have mumbai. It remains a cyrus mystery. Continuing to play out in
Fund. A. M. In the 00 emirates. Salamat in hong kong. You have an interesting chart showing a correlation. Always an interesting chart, the dow short of 20,000. Liquidity getting thinner. This is where that chart comes in. I want to show you the effects this has had on inflation expectations. This is the 10 year break even. You can turn that look at the bloomberg to get additional content. You can see what happens in the blue box as the oil prices and blue go down. It takes down inflation expectations. Inflation on an annual basis. It has recovered a little bit, but still around the 1. 93 mark. What are you looking at as they gear up for the holidays . Rishaad we came tantalizingly close to that 20,000 level. Just seeing what is going on with the state of stocks and how peoples money is doing. Mumbai down. Hong kong equities leading in this part of the world. A rise in u. S. Stocks. Oil prices firming after that drop on wednesday. Thats a that is what we have at the moment. Yousef in t
Teams love them. Advertisers may be running in a different direction. Well explain. First you start off with a developing story, for more mixed signals from the white house about the plan to fund the tax cut the administration promise ltd. Ermon. Reporter earlier in the afternoon, among the things the white house was considering, a vat tax. Value added tax and a carbon tax among republicans and conservatives up on capitol hill. We offered the white house the opportunity to knock down that reporting, say that wasnt so. They did not do that. They said everything was under consideration. Its early in the process, they werent ruling anything in or out. Theyre considering those ideas. That was the line earlier in the day, within the past hour, though, we got a new statement from the white house, they apparently are willing to knock down the 80 of the vat tax any time soon. As we have said many times, the president s team is hearing input from experts on all sides of the tax debate as we for