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unicredit stock surges.he ceo gives cnbc his view on the year ahead. >> when you look at the u.s., it feels like rates will remain higher for longer. will that apply to europe? it is difficult to say at this point. i think everyone expects the declining rate to occur in the second part of the year. >>> the wild ride in chinese stocks stretches into the new week with the shanghai composite hitting a fresh 52-week low despite the regulators looking to calm the market. >>> and jay powell pours cold water moving too fast too soon. >> we feel like we can approach the question of when to begin to reduce interest rates carefully and we want to see more evidence that inflation is moving sustain br sustaina sust sustainably down to 2%. we want more confidence before we take that step. >>> turkish inflation is moving to 65% inflation as the previous incumbent steps down over a character assassination. >>> welcome back to the show. a bit of data for you coming out. the pmi composite number for january for the uk is the
unicredit stock surges.he ceo gives cnbc his view on the year ahead. >> when you look at the u.s., it feels like rates will remain higher for longer. will that apply to europe? it is difficult to say at this point. i think everyone expects the declining rate to occur in the second part of the year. >>> the wild ride in chinese stocks stretches into the new week with the shanghai composite hitting a fresh 52-week low despite the regulators looking to calm the market. >>>...
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Feb 5, 2024
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a really solid beat for unicredit. continuing to look at more detail in terms of the redistribution to shareholders. the outlook will be key as is the focus on net interest income. the line coming through on that front, 3.6 billion euros also beating estimates of 3.4 6 billion. a massive beat for unicredit in the fourth quarter when it comes to net income well above the estimates. we will get more throughout the salary. it let's get back to the monetary policy focus and what we've been hearing from jerome powell saying the federal reserve will probably wait be on watch before cutting rates. speaking with 60 minutes he said the fed needs more assurance that the inflation is on a sustainable path with 2% goal. i am joined by daniel moss for reaction to that. good morning. have you heard anything that changes were if you want to where the fed lands? has he closed the door firmly shut on march, and does that mean they will have to do more if they start later? what is your assessment? >> it is pretty shut for march, but it
a really solid beat for unicredit. continuing to look at more detail in terms of the redistribution to shareholders. the outlook will be key as is the focus on net interest income. the line coming through on that front, 3.6 billion euros also beating estimates of 3.4 6 billion. a massive beat for unicredit in the fourth quarter when it comes to net income well above the estimates. we will get more throughout the salary. it let's get back to the monetary policy focus and what we've been hearing...
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ftse mib is up 1% on the back of unicredit. it released strong results. stock up 10%.eally cheering on the distribution plans. on the flip side, pspain is down .40% after the ft report over the weekend stating iran was using santandair. we have the german index trading on the flat line. the cac 40 in france is coming off five basis points. we see weakness in the auto space today. mixed bag in europe and that comes off the weaker session from the chinese equities. >> joumanna bercetche live in london. thank you. >>> sticking with the action around the world and developing story as we turn to the ongoing tension in the middle east. the u.s. and uk striking 13 locations in yemen. the goal is to disrupt and degrading the abilities of the ira iranian-backed group in the red sea. the following attacks are said to be unrelated for the drone attack which killed three american soldiers. u.s. national security adviser jake sullivan said on "meet the press" said the relent. >> we will take additional action to respond when our people are killed or forces attacked. >> joining me n
ftse mib is up 1% on the back of unicredit. it released strong results. stock up 10%.eally cheering on the distribution plans. on the flip side, pspain is down .40% after the ft report over the weekend stating iran was using santandair. we have the german index trading on the flat line. the cac 40 in france is coming off five basis points. we see weakness in the auto space today. mixed bag in europe and that comes off the weaker session from the chinese equities. >> joumanna bercetche...
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Feb 14, 2024
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unicredit poised to increase its bonus by 16%. they posted record profit and increased shareholder returns. the average gain will be higher because of job cuts. the increases will be between 9% and 20% according to sources. it bucks the trend of other banks planning to reduce pools after a challenging year. democratic tom swazi winning the race to succeed ousted new york representative george santos. he defeated the republican challenger, taking 54% of the vote. victory flips the seatback to democrats and narrows the gop razor thin majority in the house to just six seats. that's your bloomberg brief. jonathan: let's talk about this just briefly prayed was this a referendum on the sitting president? >> this is a district or immigration became one of the top issues people were going out to vote for. i come from just outside this district and i can tell you it's a long far cry from the southern border. when you think about looking at november. immigration weighing on long island voters it will be a big issue for president biden. he t
unicredit poised to increase its bonus by 16%. they posted record profit and increased shareholder returns. the average gain will be higher because of job cuts. the increases will be between 9% and 20% according to sources. it bucks the trend of other banks planning to reduce pools after a challenging year. democratic tom swazi winning the race to succeed ousted new york representative george santos. he defeated the republican challenger, taking 54% of the vote. victory flips the seatback to...
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Feb 19, 2024
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unicredit, commerce bank. where does barclays stand on that?t is interesting, anything they decide to give back to shareholders, they cannot invest in the business. it is a real balancing act. and then you have the fact that u.k. banks are further along in the right cycle then european ones. european banks are in a better position now to give back money whereas in the u.k., they are realizing we cannot keep returning capital to shareholders, given we don't know what is around the corner. kriti: in terms of not knowing what's around the corner, we talked about that interest margins. if the right cycle has become a where does that come from? to your point, barclays has lagged some of its rivals for some time. is there rate growth to squeeze out here, how do they capitalize on that? tom: i would be surprise if there's anything in these results that suggest that. you have seen this with tess kobane. bill other parts of the bank so that that part of the bank is not so dominant. right now, 60% of capital at barclays. that is something they want to re
unicredit, commerce bank. where does barclays stand on that?t is interesting, anything they decide to give back to shareholders, they cannot invest in the business. it is a real balancing act. and then you have the fact that u.k. banks are further along in the right cycle then european ones. european banks are in a better position now to give back money whereas in the u.k., they are realizing we cannot keep returning capital to shareholders, given we don't know what is around the corner. kriti:...