Our correspondent has more. President trump has shown he can be unpredictable. There are a few things we expect from this announcement. One is that we think he will be declining to recertify the iran deal, not on the basis they have not been complying with at the deal, because all of the other signatories that oversee the compliance, they all have said iran has been in line with the agreement. But we expect him rather to say it is no longer an interest of the u. S. To have the deal. Thats one thing; the other thing is, he will try to put more pressure on iran and probably pointing to elements of contention traditionally between the u. S. And iran, which is irans impact in the middle east. Will this be the end of the deal . What are the complications and how does it play out . This will not automatically be the end of the deal. But it will basically start a chain of possible actions that may put in jeopardy the deal. The deal is a multipart deal. Just because the u. S. Says its not in o
Regulations. Going public. Saudi arabias oil minister says a full aramco ipo is on track for 2018. A very warm welcome. This is bloomberg daybreak europe, our flagship morning show. I am anna edwards. Matt and i am matt miller in berlin. We are getting headlines of fourthquarter net sales at 2. 1 billion. Also seeing fourthquarter gross margin around 44 . Just a couple minutes ago, came out with this net sales for the Third Quarter. That is the reporting quarter. 2. 45 billion, beating the estimate. Margin,arter gross 42. 9. It is the forward numbers that matter and make a difference. Fourthquarter outlook of sales for 2. 1 billion, gross margin of 44 , and it sees fiscal year net sales at least 25 higher than they were last year. Anna. Anna other breaking numbers. Chemicals and coatings company, akzonobel, reporting numbers for the Third Quarter. The Dutch Company exiting the chemicals at the moment. It has been a tough 12 months. We had a profit warning for them which adds to the com
Told anna. He says barclays is becoming the bank he wants it to be. Boosting pressure on north korea, Rex Tillerson echoes trumps warnings, but says to is ready tona impose further sanctions. Is the market paying attention . Alphabet beats sales projections in the First Quarter and amazon continues its 20year streak of doubledigit revenue growth. Will it continue to fuel the nasdaq streak. Less than an hour away from the end of the month in trading when it comes to european equities. We start the session on a little firmer footing. The fair value calculations on your bloomberg. 1 s like we are opening up higher. Interesting to see how the stock stories perform. Lets talk about what is happening more broadly. Not a lot of action. Lets show you the gmm screen. The is the picture around world. The dollar a little firmer bid. Up by. 1 . Elsewhere, not getting huge moves. Equity markets drift and that is the story to take away as well. Do we get a sense of direction from the gdp data today
Year lingered for more than a month. Russia thinks it is sensible to extend the existing deal with opec on Oil Production cuts for at least six months. According to a Government Official with knowledge of the matter, russia exceeded its target of cutting production on monday and the cuts are aimed at firming up oil prices. Opec ministers meet may 25 to discuss extending the agreement. Global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. This is bloomberg. Live from bloomberg world dquarters in new york, we are 30 minutes from the close of trading here in the u. S. Mixed. Stocks trading after the fed decision. Joe the question is what did you miss . The fed holds rates steady. Interest rates unchanged in the unanimous vote. Another tech giant reported today, facebook reporting firstquarter numbers in a half hour. Can they deliver on mobile ad demand . With a reportive card on the Trump Administration and what the next blacks one could
And finally, 1 00 p. M. Time, the u. S. Treasury is set to auction 24 billion in three year notes. Jonathan thank you very much, david. And an uncomfortable market. The s p 500 finished yesterdays session unchanged on a record close. Joining us from hong kong is sean darby. And of course, allen russ kin of fx research. Much has been made on the vix and the s p s. Give us your thoughts and your initial takeaway. Weve got a period where real bond yields have been turning negative in most of the developing markets. Thats been accompanied by a fall in the dollar and the background got a resurgencing global trade. So its a pretty Perfect World for the economy and for equity markets. I suspect why weve had such a low reeding on volatility measures over the last couple of weeks. Jonathan whats interesting about this is people often come out and say this is a sign of complacency but realize its also very low. So isnt this just a case of the market being right . I think the markets have actuall