In brussels today. Manus talk strategy with the of adidas and xina xinas. Anna a warm welcome, this is bloomberg daybreak europe. From here in the city of london, im anna edwards. Manus the promise you a fees from germany in terms of how they are performing. Numbers coming through targeting 2018 for 70, excluding charges. Theyre proposing to raise their euros to the. 10 expectation which had been 380. Estimate of 2. 40 5 billion that we had penciled in a head of these numbers. That looks to be a little bit the industrial business profits. Missing estimates on power and gas slumping. Looking for any clues to how the power and gas division is doing. We heard about the wind power division, weve been reporting about how other jobs are going to go in germany or predominantly in germany around other parts of the business but siemens missing estimates on power and asked. We will speak about those matters and the ipo to help business to the ceo who will at 6 30 london time. Manus commerzbank a
Credit suisse. Mark barton in london with your data check. Mark looks as if the fiveday winning run is sputtering or stuttering. Choose your word. Down by 0. 1 today. The stoxx 600 boosted by results of the firstround of the french president ial election on sunday. The optimism is among investors that Emmanuel Macron will emerge victorious. Eurodollar, weve been as high as the november high yesterday, just crossing 1. 09. The recent rally also spluttering, stuttering, or spluttering. German 10 year yield was at a end of march high yesterday. Yields creeping up in germany and across europe. Towardsd a propensity riskier assets this week in the wake of the French Election. Nymex crude, big stockpile data today. Down by 0. 3 . 49. 39, francine. Francine stockpiles really in the last couple months have been able to change. Now, mark, lets get straight to the bloomberg first word news. Heres nejra cehic. Nejra donald trump is set to propose a 10 tax on more than 2. 6 trillion in earnings th
To see what mnuchin and the economic director hold a briefing at the white house. Look at twitter earnings. ,t looks like a pretty big be coming in at 11 percent. Monthly active users also coming in slightly better than estimates, coming in at 328 million, beating the estimates better than the fourth quarter. Also, revenue dropped the estimates as well. Looks like a good quarter for twitter. Youve that revenue, earnings up, monthly active users up as well. We will cover that throughout the next three hours. David you can get money for it and this might be a case where they figure out how to do that. And maybe video because they really have the video. Lets see. Today President Trump is going to release his plan for what he has called the big tax reform and reduction. Weve gotten hints about where he is headed. We are joined by our chief washington correspondent kevin cirilli. What we know so far is he is going to call for a 15 Corporate Tax rate tax break. We dont know the specific deta
There is t minus one year and 11 months to hash out a deal. This is bloomberg surveillance. Im Francine Lacqua. We are joined by the head of all the assets. We will be speaking to Aberdeen Asset managements martin gilbert. If you have any questions and are a bloomberg customers, just hit tv. We can ask the guests a question on your behalf. This is the eurozone data and eurozone manufacturing pmi, coming in at 56. 7, a touch below what economists were expecting. Anything below 50 indicates an expansion and it is a touch above what we had the previous month. This is for april, for the euro area. We are waiting for the breakdown to give us the strength and weaknesses of each country. This is the picture for the markets and i would point to global stocks overall rallying. European stocks, gaining 0. 2 , heading for fresh highs. Investors are focusing on stronger corporate earnings. The yen, extending losses. A second. T to the and first, lets get straight to the bloomberg first word news.
Years auction, raising money for homeless in san francisco. This is Bloomberg Markets asia. We are live from bloombergs u. S. And asian headquarters. It is just after 7 00 a. M. In hong kong. Some breaking news crossing the bloomberg. South korea current account balance coming in, shrinking for dollars, a9 billion dramatic drawdown from may, close to 6 billion, also revised down to 5. 7 billion. That surplus is widening as well , close to 11. 9 billion. There are signs the south korean economy is doing well. Exports rising coming inflation picking up, so we will see how korea reacts in about one hour. Those meantime, devastating attacks in london over the weekend, days away from the u. K. Election, so we will see how this will impact the outcome. Will terror dominate what happens on thursday. Bull in thed to be a market knowing so much uncertainty lies ahead. Check out equities futures, how they are trading right now, this is the market close on friday. The futures right now are , adin