The bloomberg terminal back to work. Italy starts seeing its lockdown ease, france follow suit. Boris johnson returns to his post today. Adidas revenue slumps 19 in the First Quarter, but bayer catches oost with adjusted epic. Ebita. Surprise. Ish Deutsche Bank says that expects to post a profit for the First Quarter, but as it is unlikely to meet its leverage ratio in 2020. We are just under an hour away from the start of cash equity trading in europe. Let us take a look at futures as they trade across europe this morning. Looking at gains on futures of 2. 3 for the euro stoxx 50 bluechip european benchmark index. Ftse futures up 1. 5 . They have risen a full percent in the last hour. Dax futures are also up. In terms of the u. S. We see 1 gains across the major equity indexes in terms of futures. S p futures, dow jones, and nasdaq futures. Let us get the bloomberg first word news. In place a plan to start easing lockdown measures on may 4. Manufacturing and construction set to restar
Stoxx 600 at a record high. On top of that encouraging news out of china. The pound, 1. 3363, getting a little bit of data with manufacturing. 45. 9 but it is still also indicating contraction. Lets take a look at a share price of electoral a come of , those are down. Mark carney will present the financial report. Thats from 5 00 p. M. London time and we should be a week away from the nomination of the new bank of england governor. Lets get straight to bloomberg first word news in new york city. Boris johnson will appoint new ministers to his cabinet after his landslide victory in the u. K. Election. The Prime Minister will welcome 109 new conservative members of parliament to london. They will take their seats in the house of commons. Downing street saying the government will introduce a law to deliver brexit before christmas. That will pave the way for the eu divorce and take place by the end of january. The International Effort to rein in fossil fuel pollution stumbling after u. S.
The threat of u. S. Sanctions. Adds that he will reduce rates significantly by yearend. And a different kind of trade war. Citigroup kicks off the week with week trading revenue expecting to weigh on the numbers. Manus a warm welcome to a break gear. The worlds first Largest Sovereign Wealth Fund has delivered its annual report. That theare saying twentyyear year return is forcing a 5. 4 the majority the 696 ilya and in at billion in assets. If you are one of the unfortunate people running into a bumpy time looking for a job, they are looking for if managers. Expect to add new managers. In terms of the positioning, of the boarde 55 actively managed, up from 50 . Private equity playing a critical role. There are some lines and there about india and china. We will discuss the markets with our guest host. A look at us take some of the markets. A record00 closed at on friday. Futures point to a bit of a flat open. The focus turning to fed speakers that we will hear from this week that also
Disruptions in the Red Sea approach to the Suez Canal will have less effect than the supply chain disruptions that helped fuel inflation during the pandemic.