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London. We are getting some breaking news. We will put up the euro for you. Touched 51. 8. We were expecting a 52 figure. It is just starting to feel like we are trying to figure out what brexit means. We are trying to see whether the surveys show any brexit spillover Peers Services pmi a little better than expected overall. The composite at 53. 3. We had france and germany germany a little worse than expected at a higher figure than france. You see where im going with this. August, a funny month because of weatherrelated issues. We do have a great line of show for you. At 9 30 a. M. , we speak to michael fuchs. Will be asking about pmi figures. Lets quickly check on markets. Crew to slipping the low 47 a barrel. Dollar retreating somewhat. Again, if you look at what markets are looking for this week, traders still looking for the prospect of u. S. Interest rate hike this year. It is friday we get that janet yellen speech from jac ....
Bloombergs European Headquarters in london. I manus cranny. Francine lacqua is in paris at the Climate Summit. Fran, good day to you. What is going on . Manus, one of, the big events these are major leaders trying to find a solution, an agreement. There is still disagreement on financing. We are not sure about this 100 billion question hanging over the Climate Change talks. We dont know whether to degrees will be in the treaty. Here, we will be speaking to Boris Johnson and the ceo of loreal. Manus look forward to it. Always entertaining when you get Boris Johnson in one place. Francine lacqua, my cohost in paris. It is jobs day in the u. S. What a 24 hours we have had. It is one of the last before this mo ....
The project was 25 billion euros in of the making. 5 billion euros over budget. A human tragedy and of course another substantial issue for airbus to deal with. Lend london, from the euphoric highs on friday. Continuing its rise higher. Stocks in europe up 1. 4 last year, the best week. Chinas rate cut has had very little impression so far. It seems to come down to the discourse in germany. Especially and number will administration. Support for the merkel position ticket greece at any cost. Especially the envelope Merkel Administration angela Merkel Administration. Job cuts last week but earnings came out of this morning. What we saw was underlined at 8 million. Tyinb b tying back in is what the market is looking at. The big news with ahold are they in preliminary merger talks . One of the newspapers say that spoken to several sources and no price discussions an ....
We are watching Credit Suisse said to be closing a deal with the u. S. To settle a tax evasion probe for more than 1 billion. Same time, we also had. Ome figures in from barclays theyre really trying to its top the exodus of senior dealmakers. Are from 2. 5 . Lets get over to berlin. David, you are watching adidas. Adidas has missed on sales and their net profits. The company is under pressure. One shareholder saying that it is incomprehensible that the ceo term has been extended through 2017. He says later this month, adidas is going to launch the biggest offensive in football ever. All right, we will watch that for a closely. We will get back to you in a couple of seconds. Ryan, we have a lot of Corporate News. We are watching Foreign Exchange , and overall we are watching ukraine, obviously. Particularly in a place y ....
A warm welcome back to countdown. I am anna edwards. Lets tell you what is coming up later this morning on the pulse we will be joined by the former tesco boss. He will discuss one of his newest ventures and share his thoughts on u. K. Business. Before all that, lets get back to our top story. What has been taking place in turkey. Prime minister erdogan has declared victory in local elections. Lets get to istanbul where we are joined by Elliott Gotkine. A huge victory for Prime Minister erdogan. Alongside thening mayoral candidate for a stengel where he won for istanbul where he once ruled the roost. His party was very much in play here. Questions, wasd he going to win more of the vote, would they hold off, would they hold onto istanbul . The answer to all of those questions, yes. He has scored the political equivalent of a hat trick. He felt emboldened yesterday when he cam ....