Earnings expectations are for mega cap tech coming in. This is unbelievable you want to know how important these are . Mag seven earnings on aggregate are expected to rise 40 in q1 revenue is expected up 13 versus 2. 3 for the rest of the s p. The rest of the s p is expected to see a 3. 1 decline in earnings sounds like last quarter. Thats exactly what happened last quarter and let me tell you why its so critical that these Mega Cap Companies deliver, and this relates to the market itself on monday i said, i felt as though the market was bought bombing, and one of the reasons i felt it was bottoming, i didnt think there would be followthrough selling because you had strength in financials you had strength in health care. You had strength in industrials. The market holds its 100Day Moving Average we now rally up to the 50Day Moving Average heres the handoff its got to come from mega cap earnings to get through that 50Day Moving Average to restore price above the 50Day Moving Average. Fi
Anna good morning everybody this is bloomberg daybreak europe. Lets get to the numbers from Credit Suisse, this was powerhouse giving us their numbers the swiss powerhouse giving us their numbers. , 12. 8 . Uarter they say that is a strong start to 2018 market dependent activity. Fullyear Dividend Per Share is 0. 25 and swiss franc in swiss franc. Also veryn trading much in focus, that is still 30 of this business, even though they have pivoted towards what management. Of this business, even though they have Wealth Management. They had to liquidate the products related to vix. Getting down the profit and loss 2. 14 2. 1 3ss 2. 13 billion, which looks to be smaller than expected. We will speak to the Ceo Tidjane Thiam later. We will bring that to you in the 6 30 portion of our program. Agricole got credit bucking the trading trend. That is an unexpected increase in their trading revenue. That has defined the trend of the overall industry. 32 ome comes in up 33 . Provisions fall by 15 .
Soon. In the fast lane, aston martin plans a fiveyear trade and investment drive in china worth over 600 Million Pounds. We will speak to the ceo, next. We are less than a halfhour from the start of european trading. Take a look at futures right now. We are seeing gains across the board on the major indexes with the exception of the ibex sorry, the ftse mib and stockholm. Here on the board, ftse futures gaining 0. 4 , dax futures up 0. 5 . Lets start with some of the earnings this morning. Roche expects sales growth to slow this year. It is counting on new drugs in the pipeline to offset revenue losses in its oncology medicine. Joining us from switzerland, the ceo of roche. Welcome to the program. Thanks for joining us. About 2018 as kind of the year of the cliff edge for drugmakers, for roche especially. How well do you think these new drugs in things like hemophilia are going to offset the loss of your cancer drugs . Im very confident. If you look at the growth in 2017, the vast majo
Quickest pace since 2004, which i believe was last month. Amidst the economic members, we do not see Much Movement in the stock market, in part because a lot of it is earnings driven as we get Big Companies reporting. A lot to report after the close of trading today. Thettle bit of pause after selling we saw over the prior three sessions, stocks between gains and losses today. To give you a picture of how big of a Driver Earnings have been to the recent, before the recent gains in stocks. You are looking at the forecast for s p 500 earnings and white versus s p himself it self and blue. We have seen 2018 pershare earnings estimates climbing by 4. 5 , nine times the average monthly pace of the past five years. That has been helping propel the rally, at least until it stalled this week. Omberg intelligent intelligence says if this pace slows down or reverses, it could provide a number another stumbling block for stocks. We have facebook Earnings Report after the bell yesterday, initially
Lets check on your markets. We are getting some euro area manufacturing pmi figures. 59. 6, thatphone to is pretty much in line with what economists expected. Higher. 10m also looking at the u. S. Year yield twoyear yield. The dollar you can see steady. We have a lot coming up right here on bloomberg surveillance. We get the latest equity market calls. Find out why he sees a correction soon. Userwe talk facebooks big news. To someone from Credit Suisse. Here is nejra cehic. Nejra u. S. Oil production has surged over 10 Million Barrels a day for the first time in decades. That comes just weeks after the International Energy agency said american output would push past saudi arabia. Decades of declining output has been reversed and the nation has been turned into an exporter. The u. K. Will agree to in transition. Told themn china, he that free trade deals would still be some time away if there is a transitional phase in which britain cannot negotiate with third countries. The uks Prime M