Program walks on two legs, the leg of policies and the legs of debt sustainability. Autos power ahead at the open after european car sales get back into gear with a near 8 rise in may, while the steam comes out of the tech selloff. Nestle loses its sweet tooth as it looks to sell 900 million u. S. Confectionary business in a potentially significant effort to focus on its health strategy, sending the shares higher. Uk chancellor Philip Hammond is arriving in luxembourg. Lets get out to willem. Thats our main dominating theme today, it will remain so over the weekend as bodies are recovered, we start to get a sense of the scale of the tragedy. My presence here today is a sign of other continued engagement with the European Union while were members of the union, its a sign of our commitment to being close partners with the European Union after we left and i can confirm that as we enter negotiations next week, we will do so in a spirit of sincere cooperation, taking a pragmatic approach tr
Anna warm welcome everyone to this is bloomberg. Bloomberg daybreak europe. A lovely piece on the bloomberg. Takeould be watching it back to basis. What are you looking at . You are looking at a momentum shift. It is about the short positions. Aree funds and speculators the most bearish on the dollar since 2013. This is aggressive positioning. Positioning is building. That represents a swing. This goes from along the dollar ranges. It is down to trumponomics. The hedge funds are well aware of the hawkishness around the fed. Maybe some of the surprise index, related data coming through, or the white house over delivering. Their ability to pass through legislation. Lets leave the dollar and get through the other asset classes. Lets go to the risk radar. Equities asian equities are up. Low volumes through the asian session. Chinese stocks bucking the trend. We have lots of earnings to wait for, from the likes of pepsi, j. P. Morgan. Eye on it. An it will come down to whether the bank of c
His son released. Meeting government officials as they try to quell growing government anger over emissions. Oh caroline welcome to bloomberg daybreak europe. From here in the city of london, on anna edwards. With got commerzbank reporting a secondquarter net loss, 630 537ion euros, a loss of million. That lost a bit wider than what we expected. They are giving us guidance in 2017, saying they see it slightly positive net result. This is germanys secondlargest listed bank. That antly found out company disclosed owning 5 , making his business the second largest shareholder after the german government, which bailed out commerzbank. Byy plan to cut 6000 jobs 2020, to free up cash in other areas. Sticking with the banking theme, we have numbers out of Societe Generale. Profits down 28 . Litigation clouds lingering over this international dealings. The products business helping the trading to outperform some of their rivals. They are also grappling with litigation. That is, to some extent,
Silent tech valuations and will the next iphone the expectations and is tax reform still needed to keep investors on board . Overation clouds hovering socgens ceo. It is trying to solve this issue as quickly as possible. Absolutely. We are less than a half an hour away from the european open but when equities and indexes will start trading here, you see the intraday futures for the equity indexes up across the board, we. Ad gained just today as well for the equity indexes. We will continue into positive territory. Automakers were gainers yesterday and they will be really in the spotlight. Muchnot tell you how germany is focused as a nation every single, major newspaper has on the front page a story about dieselgate which we will be covering of then down and sideways today. D tradelook at the bun kaman this is a chart showing the end of the trade yesterday and the beginning of the trade, it is up today. It jives with the green arrows on futures. Investors are selling off the bun pushing
Commerzbank swings to a loss in the second quarte dragging the shares lower, while socgen suffers as the french lender sees both profits and revenues decline the banks deputy ceo tells cnbc emerging markets are helping we have an advantage from the improving environment in central europe, from the dynamic in africa, which has compensated the still negative Interest Rate environment in the eurozone, and the low market volatility. An apple a day keeps the bears at bay the iphone makers better than expected earnings boost european suppliers, and set apple shares up to open at a record high. Good morning, everyone its hump day, that means its wednesday, of course the stoxx 600 is not doing too much this morning. Were off bay fraction the german and french markets are higher, but seeing pressure when it comes to the ftse. Thats in part because were seeing the mining shares on pressure rio tinto off by 2. 5 , this on the back of a disappointing dividend the divi not as big as some expected r