The three year came in a little weaker yesterday. We have seen a lot of former buyers foreign buyers come into the tenure market. More fed speak. Minnesotaq a at the business partnership. David westin is with us remotely from d. C. David President Trump is meeting with his Business Council, a group put together by Steve Schwarzman. They come together every so often to talk about things like the tax plan. They also speak about immigration and trade. We will go over to the white house and speak with Steve Schwarzman and some other ceos to find out exactly what they spoke with the president about, and can they get this thing back on track. Alix what is one thing they will be pushing for . David i think taxes is clearly the answer. They really want tax reform. If you go around the table with all those ceos, every single one has a part of taxes that they want or do not want. You put it all together that is the big question on the agenda today. As we just mentioned, secretary of state Rex Ti
Is trump having any visible impact on trade policy . We will see with the director general of the world trade organization. Mark we will have a look at european equities and trading right now. 30 minutes until the end of the session. Check it out. Gmm go, stocks are holding on today. Geopolitical concerns, have held back u. S. Stocks more than european stocks. European stocks back today, gains in greece. Today, two days since the stoxx 600 has been unchanged. Yields rising in the periphery. They are falling in the core. That is obviously something we are keeping an eye on. It is a busy corporate day today. First quarter profits almost doubling, rising demand for the mercedesbenz including this new e class. The onetime gain helping the company off to a strong start to the year to reclaim the luxury crowd sales from bmw. It has been reaping the benefits of revamping the product lineup. Of suvsw, and expansion as well, shares up by one third 1 . Moving on, sticking with german matters, cu
From germany and we are now getting gdp from the italian economy, growing 0. 3 in the First Quarter. The vague question is whether a lot of this growth comes from the ecb and a lower euro or whether it comes from Sustainable Growth thanks to reforms put in place for example by the italian government. Gdp growthent, that pretty much in line. This is your market, or these are your markets this morning. Stocks in europe dropping a touch because we had quite a lot of earnings that disappointed. We also had subdued Economic Data. Gdp in germany was a little better than expected. Haven assets including japanese yen, gold, also in fencing. Also advancing. The Australian Dollar slid to a twomonth low. Were also just kidding, i believe, breaking news from china. Aggregate financing number, 751 million. Lets get straight to the bloomberg first word news with nejra cehic. Nejra germanys economy grew at its fastest pace in two years. Gdp rose just north of 2 in the month ended march 31. That being
This translates into what politicians in europe too. This translates to the markets. Tom it was remarkable to see the Turkey Bombing and the ivory coast attacks come out the same time. It showed that trend of International Relations drifting into the markets. That will be our theme. Francine lets get to the first word news with vonnie quinn. Bonnie turkey is responding swiftly to that car bombing. It killed 37 people. Warplanes hit kurdish militant camps in northern turkey. No one claimed responsibility for the attack. Rebels carried out similar attacks in the past. Militants linked to al qaeda say they carried out an attack on a resort town in ivory coast. At least 22 people were killed. Its the first attack in ivory coast. Population is evenlys evenly split between muslims and christian. It was a political setback for Angela Merkel. The antiimmigration party had its best showing yet in three elections. Merkel fellangela across the board. A Police Officer it was killed in an ambush. T
Welcome to the program. This is countdown. Friday morning, live from london. I am anna edwards. 6 00 in the morning here in london. Let us start this morning with the data out of china, stabilization seems to be the watchword. , inave fourthquarter gdp line with estimates at 6. 7 . But we saw stocks and the chinese currency both dipping on the back of the data. Credit,a data dump, industrial output, investment, retail sales all moving in the right direction would argue. But the real sustainability is the story of the rebound in the Property Market. What does that mean for debt levels . A quick reminder here on the terminal of the bloomberg about the importance of the China Economy driving markets, particularly in the asiapacific region. In blue, the chinese composited in white, with other evaluation of the currency. And we saw that selloff in january in chinese stocks. All of that had an impact on chinese stocks. And a wider impact on the region, the Regional Equity markets. How is the