Weaker as you have no agreement over finance chiefs on what to do over the crisis. Russia doesnt think a 2 million barrel a day cut is enough to get anyone to the table. In the bond market, 17 billion worth of supply coming online at about 1 00 today. It is time for todays market moving news from our london and new york offices. European Union Finance ministers now failing to reach a deal on a unified strategy combat the economic damage of the coronavirus. Germanys finance minister olaf scholz did give a press conference shortly after talks ended. I think it is absolutely clear that the recovery of great will be a very activity. We have to organize together. As anyone knows, i think it is absolute possible to do this within the framework we already have. Alix bloombergs Michael Mckee joins us now. I couldnt believe it, but i could believe it this morning when i woke up and saw they could not agree, and it was north and south. Michael it seems that way to a lot of people. Talk is cheap.
Nejra welcome to daybreak europe. Lots to discuss in terms of the market moves, but lets get to news. Im ew in at im looking at Third Quarter net. That is a beat on Third Quarter net. Thirdquarter revenue, 5. 0 3 billion euros estimate, 4. 9 9 billion. That is a beat on Third Quarter revenue. 0. 1. 211ratio rises. 7 . Thats what were looking at in terms of that. Really, what were seeing is benefited from higher revenue at the Investment Bank in the First Quarter since the ceo unveiled his new target. We saw the profit rise 8. 9 in the First Quarter since we got those new targets. To give you more context, Credit Agricole shares have been outperforming its larger peers. And coming up on bloomberg, least to the cfo. Catch that interview at 9 30 a. M. U. K. Time. More breaking news. Its guidance to the upper half of the target range. It sees for your operating profits at the high end of the 11 billion to 12 billion euro range. This is key what is coming through here. In terms of what else
will: yet another installment today on our way to easter. pete: making our way to easter. there he is he will be joining us at the top of the hour and at the bottom of the faith and friends concert series and that opening shot clarksville, tennessee just outside fort campbell, so everyone in the 101st airborne good morning, hope you re watching. will: it was an army base of knowledge or i m a new tennesseen? pete: that s army base of knowledge combined with the tennesseen getting his bearings abdomen wanted to show it off a little bit. rachel: we re super-impressed. pete: thank you. will: we have to get to news starting with a fox weather alert. it s now 26 people who are dead after historic outbreak of tornadoes in the south. pete: the path of destruction stretching for more than 100 miles leaving communities in ruins. rachel: fox weather correspondent is on the ground in mississippi. robert, good morning. reporter: good morning to you. the sun is up here this morning in the
The bottom as investors are skeptical about its turnaround plan good morning tgif lets look at the stoxx 600 this morning. Off by 0. 3 . This as the global bond rout continues and it is affecting equity markets yesterday the european markets hit an 11week low ahead of the ecb minutes. Were on track to end the week flat lets show you the markets one by one all the major markets are in the red. Xetra dax off by 0. 3 . Ftse 100 off by a similar percentage one of the worst performers sector by sector, oil and gas is underperforming dramatically today this is in part because oil and gas stocks are lower on the back of Oil Prices Falling quite significantly. Wti crude back below 45. Brent crude off by 1. 6 . This is on the back of a rise in u. S. Output. That seems to be outweighing news yesterday of falling inventories. Just want to draw your attention to the fact that youre watching live pictures in hamburg where protesters are gathering to demonstrate around the g20 summit as leaders have
Interest. The skies should be high, ryanair calls for aviation to top the brexit negotiation agenda, warning cnbc that no trade deal could mean all flight to the eu are halted. A step closer to a trial. The wife of french president ial candidate, Francois Fillon may go to trial for work she did not do. Good morning. It is brexit day, the triggering of article 50 is finally here. We have it all covered for you. We are live from westminster and brussels. Before that, lets look at how European Equity markets are doing. If there are brexit concerns, investors are not showing them. Ftse 100 is up by 0. 25 . Elsewhere seeing the xetra dax in germany higher, and the cac 40 in paris higher by 0. 4 . The dow snapping an eight day losing stretch, the longest stretch in about eight years or so. Asia was positive as well. Lets look at the uk pound sterling. What were seeing there is quite a bit of weakness. Heavy selling in the asian trading seg. That session. Thats quieter, off session lows, but