And im anna edwards in london. Lets start the program with data out of the eurozone, specifically out of italy. We had gdp data hitting the bloomberg. Exactly inline with estimates, 0. 4 , the Second Quarter pulmonary reading. That is what the analysts were looking for. Data on abetter number of fronts from italy. Industrial output expands in the Second Quarter. The jobless rate, still too high of course, but coming down. Better news on exports and bank rescues taking place in italy. Those are some of the headlines in the Second Quarter. In line with that, we see this better growth picture, in line with estimates and the previous quarter. Lets look at where we are on various assets. 1. 1720. Urodollar, heading into this we were at 1. 1755. A little bit of sluggishness on the euro. The stoxx 600, up by 0. 7 . Gold and yen, continuing to s lip. Bullishness in stock markets in europe today. Pound, 0. 91. O we are going to get the u. K. Wage data and eurozone growth figures. We got the s p
Lets get to the breaking news. A number of corporate reporting this morning. We start with Peugeot Citroen. Listing their midterm outlook, thats one of the headlines coming through on the release today. Its said the net profit for versus70 3 billion euros an estimate of 1. 72. 15 by 2021. Not just getting the earnings coming through, also getting new targets for the business. Listing their midterm outlook, the purchase of gms europe assets are the focus of the business at the moment. Reporting in the last few minutes a. M. To reach an open agreement by the first week of march. Talkingthe ceo has been to leaders in germany and the. K. Prime minister we know those conversations are ongoing. We will get further analysis of what is happening with the french carmaker, taking that their position they lost recently and taking on other brands. We will get details as we get through the program. The ceo will give up press conference at 7 00 a. M. U. K. Time, live here on bloomberg. Numbers comin
The terms and conditions of brexit . Donald trump continues to promise big reforms, but opinions differ on if and when he will pull them off. I do not i do not know if it will happen. There has to be something taken away. Straight ahead on bloomberg best. Hello and welcome, this is bloomberg best, your weekly review of the most important Business News from Bloomberg Television and around the world. With several major banks reporting earnings, there is big news from the Financial Sector this week. They certainly did not expect the news about barclays they came out monday. Says they made a significant cut to the coos pay. After hesays apologize, he made an error in not applying perfect governance. Out016 he tried to figure the tension of the board. It seems to be in violation of rules. He shouldve thought to file that identity. Were repeated attempts to find out the identity. The board stands by staley. Staley will be reprimanded, he apologized in a staff memo, saying he should have left
Lineup today. T first, live pictures from moscow as president putin makes his annual president ial address. We will discuss whether russia, brexit, and a u. S. President could make 2017 the year of total reset for Foreign Policy. We have a little bit of manufacturing pmi. The italian data is significant because this gives us a glimpse in the state of the Italian Economy just three days before they vote. These are the figures crossing our bloomberg terminal. We are seeing the Unemployment Rate staying put for october at 11. 6 . Line withty much in what were seeing in spain. Three days until renzis make or break referendum. Votell discuss what a no could mean. Lets get to the bloomberg first word news. Heres Sebastian Salek. Sebastian glencore will reinstate its dividend policy next year and plans to pay out the minimum annually. The worlds biggest commodities trader has seen its shares trickle this year. The chairman of bloomberg lp and the parent of Bloomberg News is a senior independe
From the asiapacific to new zealand we are seeing losses this hour. Lower on that1 disappointing chinese data. Retail sales. Right now youre seeing a decline in about one third of 1 . Also counting down to the openings in australia. Futures are pointing to a slightly lower open. Plus including being in the second cut from the royal bank of australia. Dropping to record lows. After that chinese data over the weekend. Lets get over to japan tracking futures trading at chicago. We are seeing signals pointing to a lower opening on monday. Japanese yen is still range bound. Watching out for Producer Prices for april. We will break that to you when it comes. Is the story disappointing data from china over the weekend that highlights the challenge facing policymakers trying to reform the economy and cut overcapacity. How bad do things look . In march we saw a slew of positive data. Some would say this is a corner has been turned. The reality is that industrial output and production and retail