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Couple of quarters and believe the short cycle of business are flattening out and do expect their recovery a tale of two banks shares in unicredit and Commerce Bank sinks despite confirmation of prerelease numbers and gaining altitude cost cuts helped lufthansa and they believe they will return to profitability by 2021. Potentially big news china and u. S. Agreed to remove existing tariffs in phases if both sides agree to lift their tariffs at the same time president s trump and xi were supposed to meet in chile before that was canceled. It is agreed they are trying to meet in december reaching a phase one deal that they would have met before host country chile canceled the event due to unrest. That deadline might not be feasible as the two continue negotiating the terms. If the date gets pushed out, that could get pushed out to europe President Trump is expected to attend th ....
Kriti the magnificent seven driving a rebound in u. S. Stocks. Apple unveiling plans for a new inhouse ai powered chip. Monetary policy, traders reprice the ecb putting it on track to cut before the federal reserve. Christine lagarde insisting the ecb does not take cues from across the atlantic. Wall street Bank Earnings are in focus. Jp morgan, citi, wells fargo all set to report today. It is friday. Were ready for the we can but theres plenty to digest the next 24 hours. We look at the futures picture, broadly positive this side of the atlantic. Euro stoxx 50 futures higher 0. 6 . The ftse 100 seeing green on the screen this morning, higher 0. 4 . Is that pricing in the full story of the ecb cutting . Is that a positive rates story . At the end of the day, the s p story not seeing as much green on the screen, despite that massive rebound in the u. S. Tech space on particular. Usually you would see the asian or european traders ho ....
Unicredit reports its highest Fourth Quarter profit in a decade and rolls out its first Cash Dividend in half a decade. Shares in swiss re spike nearly 6 at the open addres ja softbank looks to invest in the insurer. Insurance is finally a very interesting industry its in a transformation its in a radical revolution the parameters that run the industry and constrained the industry for years no longer exist. And chinese imports surge in january and contributes to the yu yuans worst day in 2 1 2 years. One of the big stories, softbank in talks with swiss re about taking a stake in the company, that sent shares close to the top of the stoxx 600. The deal could be worth around 10 billion and would give the Japanese Firm a onethird stake in the reinsurer swiss re said the talks were at an early stage and theres no certainty any ....