And that is euro area april services pmi rising at 53. 2. We were expecting a figure of 53. 3. We have the services. We also need to look at manufacturing. That is also a touch, almost in line with expectations. Falling to 51. 5. We had forecast a 51. 9 figure. Maybe that will be disappointment for mario draghi. We will keep a close eye on. Lets look at currencies. Because we may have a little bit of impact from this loss of confidence in eurodollar. 1. 1283. We are looking at daimler and volkswagen. Ryan chilcote is on the ground for any breaking news. European stocks are down. We will talk about japan. To talk about negative rates on loans and the impact that has on currency. Lets get straight to bloomberg first word news. Nejra president obama has urged britain to reject a socalled brexit from the e. U. He says the European Union does not moderate it magnifies it. While the u. K. Faces many of the same challenges as the u. S. Including migration, economic inequality and terrorism, t
Glory . And a brutal time for banks. Earnings kickoff this morning with jpmorgan. It looks like chinese data is goingy behind the markets higher. The imf is not impressed. The donors on this economy, saying that the numbers are not as rosy as they seem. Later this week, we will get gdp. We talked a lot about japan, but we could end up talking a lot about china and that is a positive story. Guy breaking news coming through from peabody. Saying the majority of its u. S. 11. Ies filed for chapter more details on that story as we work our way through the story. We will get the chapter 11 details coming through. We will come back to that time. Ocused business in we do have a very positive call on where we stand in terms of the European Equity open. European stocks up by 1. 7 this morning to london is a little bit of a laggard. It looks like the dax is going to be storming ahead on the back of the chinese data we are seeing it looks like a very positive figure. What else is on the move . Han
Equaling. The dollar moved on the back of what yellen was saying. Meanwhile, that drives the euro lower. Less appetitewer, for gold when we expect rates to rise. Down from. 6 this morning. Optimism potentially about global growth. A little bit more risk appetite, a little bit less betting against the market. Costs rising in the u. S. As we see in potential for a rate rise later this year. The bond prices are falling. Some particular stories were following this morning. None of them are open yet, we will wait to see if they populate. Once again, being embroiled in the petra graham scandal that there is really a concern in brazil for the First Time Ever transocean being linked to payments. And it will get a lift ahead of good nike earnings after the bell. We saw the market move 8 for nike. Look for that stock, could the k seholders buy into because they think there could be a revaluation . 1. 3 , for the autos, up do we wait for bmw to pop . It might not be embroiled in the scandal that
Retail sales once again blamed on unseasonably warm winter weather. Blame the weather seems to be the scene theme here in the u. S. As well. Anna we have heard this weather cited as the reason for a number of global retailers having trouble. It was a very warm year. So perhaps they do have reason. We heard from Marks Spencer on that subject. But we have to we have to talk about china. We heard patrick talking about a lack of handholding i the chinese authorities in doing whatever it is they are trying to do with their currency. We heard from nick wadhams as well in beijing. He said they botched this u. N. Devaluation. We need to understand better what they are trying to do. The pboc were being accused of the same thing in august. We have the nervousness at the start of 2015 in the pboc says we will cut it by the most since august. That fuels any uncertainty that already exists. As someone tweeted me this morning, if you were 13 minutes late to trading, you missed the whole day. Anna th
Has one more orders. Welcome to countdown. I am and not edwards. Im joined by Ryan Chilcote dan manus cranny. I am anna edwards. Five Straight Days of declines and this all goes back to the horrible reminder in portugal. One of the main shareholders in one of the portuguese banks has temporarily missed some of the interest payments. This brings into question the five years they have gone through. Banks have problems. Likes a reminder of risk. What are you looking at, ryan . Ukraine has not been in the headlines but maybe very soon. The rebels have concentrated themselves in the city of donetsk. Its bigger than frankfurt. We will look at israel, iraq, geopolitically lots of things to get confused about. Im looking ahead to the aviation gathering taking place in the u. K. Starting on monday that runs for a whole week. We will be there monday and tuesday. We have a manufacturing backlog. They have seven years worth of work even if they take no more orders. We will talk about that and over