Vote on its third Bailout Program with a number of members expected to reject the package. This as Alexis Tsipras concedes European Partners got the better of him. Sales in hong kong slump but the Fashion Group says its still pursuing growth opportunities. Coming up on todays show mickey goes to shanghai. The exclusive from the companys ceo. Twitter spares spike on a fake report of a takeover bid but has this happened one time too many . And donald comes up trump. The extravagant real estate mogul leading the gop field despite weeks of controversy. All the details later in todays show. Lets kick off with china. Retail sales, industrial output and fixed Asset Investment all beating forecast. Data came in at 7 . Thats higher than analysts were expecting. The worlds second largest economy is now on track to hit the 2015 growth target. Fancy that. Interestingly they were quick to jump to the defense of the data saying the figures were not inflated and the improvement was hard one. Its real
Earthquake in mexico tops 200 people as the quiake topples dozens of buildings. Good morning its fed day we havea lot to get through. Lets get to one of our top stories on the corporate front shares in thyssenkrupp are trading sharply higher in early trade, this after the german metals group and tata steel agree to merge their european operations in a 50 50 joint venture. Gemma has the details. This deal i dont think comes as a surprise to anybody what were seeing here is its been widely expected for a long time, about 4,000 job losses expected, 2,000 from each company. Looking at Pro Forma Revenues of 15 billion euro. These talks have been ongoing for 18 months. Been waiting for the news we had earlier this month of tata steel being able to dispose of 15 billion pounds worth of pension liability, which means this was able go ahead. Still a few hurdles. Still need both boards to approve it still need the European Commission to approve it need support from the unions support has been te
Bank. Tand shares in zalando fall after sales growth we have a lot of things to get through today. Lets look at the markets one hour into the trading session. The stoxx 600 is up marginally to the tune of 0. 1 , this is following a small dip to the tune of 0. 3 in yesterdays trading session. As we look at whats doing well today, we have outperformers like germany to be honest we had the first q3 Earnings Results rolling in, and they were disappointing. Talking about zolando and akzo nobel. Lets show you how were faring today. The cac 40, the xetra dax eking out modest gains we get the wage data later this morning in about a half hours time that will be key for boe watchers the ibex 35 continues to underperform off by 0. 4 well touch on what mr. Rajoy has been saying in the Spanish Parliament this morning. When it comes to the sectors, this is the view. Real estate, healthcare, travel and leisure outperforming, on the down side, construction, telecoms and banks not a lot of movement on
Violence erupts in baltimore after the funeral of a man that died in police custody. His family calls for calm as a mayor imposes a curfew and calls in the National Guard. Welcome everyone. Good morning. Welcome to the smurf show. We digit plan this. We did meet last night. We did bump into each other. Did you buy anything good . I did. A lot of fruit and things like that. I am known for being the worst cook but im trying to cook. Thats the reason you saw me. I have seen some of the pictures. Ill have you at my place and well eat blueberries. Thats a great start to the show. All right. Well, there are a lot of stocks in focus on the move. So lets give you a look at the big movers and the european banks on the move after earnings. Commerce bank shares with their worst day in a year after announcing plans to raise 1. 4 billion euros. This despite First Quarter operating profit. More than doubling. Lets get out to annettea live with that story. Its not really one that the shares are so mu
Shares of bilfinger in the red after delivering its fifth profit warning while tapping a new ceo. Facebook fails to find a friend and the stronger dollar as it posts the slowest Revenue Growth in two years and warns from a hit from the green back in the Second Quarter. Lets get to the pmi data for april right away. Came in at 53. 5 versus 54 the month of march and versus 54. 4 in the forecast so this is slightly below expectations and this follows the french and the german numbers which were also a little bit disappointing. Growth seems to be losing some steam in the euro zone. If we take a look at the manufacturing pmi for the month of april, the flash number 51. 9 versus 52. 2 in the month of march. Now that is also below forecast. Were looking for a print of 52. 6. Last but not least i do want to bring you the services pmi. The flash for the month of april, 53. 7. Once again, that is below forecast. Lets get some instant reaction to these numbers with the chief european economist. A