In six years as profits rise to 1. 8 billion pounds. Lawmakers face a tough extension on greeces bailout extension. Youre watching Worldwide Exchange bringing Business News from around the globe. Lets kick off with markets and the strong month that they have had. Really across the globe. Im kicking off with europe. Lets have a look at the dax. Germany up 5. 9 . Were approaching qe kicking off but the announcement was back in january. Quite a surprise germany has been so strong. Gdp came in the middle of the month much stronger than expected and concerns over greece as we come closer to the end of the month. Just below flat today having touched another record high earlier in todays trade but were up 5. 83 for the month as a whole. Where the headlines return is a descent return. The best data point we had this month was wage growth at 2. 1 seen as very positive for the fundamental economy. Worth baring in mind we have seen sterling strengthen by 2. 25 . Its almost as good as the dax. Now
Anybody about the cost of the price of oil and has no fear about future fluctuates. Im not worried about crude nor would i try to predict what the price is. This is just the beginning. Indias finance minister tells cnbc the country will grow faster than china as long as it continues to reform. I believe india has a 9 or 10 Growth Potential and 9 or 10 Growth Potential, we have to invest a lot into Rural Infrastructure. This driven by the strongest performance since 2008. Lets get to carolyn with more on that story. Good morning to you seema. It wasnt driven by the Wealth Management business but also by the Investment Bank. We know that traditionally the First Quarter seasonally is the strongest of the year. Its tough to extrapolate that to the rest of the year. We did see a beat on the underlying basis in capital. That was better than expected but lets hear from the banks cfo himself. It was a really good start for us. Solid start. Strong quarter. Were pleased to see all of our busines
Hour, if you take a look, youll see right now they are indicated higher. Theyll open up by about 32 points. Plus, take a look at oil pries this morning. Youll see at least right now theyre trading down slightly, down by about 42 cents. Youre looking at wti trading above 106. Right now, 106. 48. On todays agenda, the may consumer Housing Starts coming up and the fomc begins a twoday policy meeting. Andrew, over to you. Thank you, becky. I feel whippinded. People that have not done this dont realize the feeling that you can have. Where youre running and then you have to talk. Really bad idea. And i will say 90 seconds ago, none of us were on set. I always move a little slow. Its frightening, too, because you have to key breathing. Its a real panic. Thanks for putting that out there. We were laughing so hard. Anyway i was trying. I was trying to use the natural breaks. You can take your time coming back. Relax. Well continue that in just a second. Lets get you caught up with some of the c
Fronts of the Economic Data coming. Then we have a lot of earnings. The fed will begin a twoday policy meeting tomorrow with an announcement set for wednesday afternoon. If all goes expected, the fomc will turn off its massive bondbuying program and will also assure investors it plans to stand ready to act should the economy be threatened. Also on the economic calendar, pending home sales today. Tomorrow, durable goods. Then thursday jobless claims and the first read on Third Quarter gdp. Finally on friday, personal income and spending for chicago pmi and consumer sentiment. Merck is the first big name to watch before the bell today and then well hear from twitter. Michelle, over to you. Well check on the markets this morning with futures suggesting earlier on to look like it will be definitive ly a positive open. The futures are lower suggesting the dow opens lower by 16 points. The s p opens lower by two and the nasdaq lower by roughly 3. 5. In energy news Goldman Sachs slashes the 2
This is real money. You are the most important part of the show so join our live conversation for the next half hour aaj reelaj really money ad alivelshi. Take a look at how the Dow Jones Industrial average sank and then bounced back monday before finishing in the red. That is what i mean by volatility. When the roller coaster ride was over the dow ended down about a quarter of 1 . The broader s p 500 index fell more than half a percent and the techheavy flad nasdaq did worst losing more than 1 . This is not horrific. But the last seven days make this very clear, the 52 of you who do own stocks have to adjust to a new reality, after a year, when the s p rose 15 . Well talk about the reasons for these market jitters in a moment including worries about emerging markets. Right now lets review couple of terms that youre likely to hear and read about if this volatility continues. Market correction. Thats when stocks fall at least 10 from their highs. We are not close to that right now. Weve