can be a black box. and both analysts point out not that long ago china replaced its foreign minister after his mysterious absence and without providing any explanation. and prepared remarks called for development, prosperity for all. and also criticized the u.s. for hegemony and bullying acts and also insisted that the chinese economy is resilient. we re monitoring chinese state media. no mention of xi skipping his scheduled speech. back to you. okay. thank you both. and wall street is looking to rebound from a disappointing day. sliding shares from macy s and dick s helped drag down the dow. bank shares also took a hit after another round of downgrades from s&p global
the euro zone trade surplus. a better net trade result in the first quarter came mainly from higher exports of machinery, vehicles and chemicals and a drop in imports of energy. imports from russia, once a key supplier of oil and gas to the eu, were 72.1% lower in the january march period than a year earlier as the eu stopped buying most of its energy from moscow following the russian invasion of ukraine in late february 2022. joining me is sylvain broyer, chief economist emea, s&p global ratings. what to be make of these numbers? a pretty anaemic growth figure. there are a few positives, pretty anaemic growth figure. there are a few positives, the pretty anaemic growth figure. ii” are a few positives, the european economy has avoided recession, there