Could bt sell its stake and they refuse to comment on the rumors. Weve got data crossing from germany. All eyes on the growth rate. First quarter gdt number has crossed ni crossed minus 2. 2 the recession should have reached the low point in april given us some market on the back of this data but that contraction will accelerate in the Second Quarter but we are just seeing it number cross. In terms of what we are seeing elsewhere that is minus 1. 9 forecast on the contraction of 1. 6 according to the stats office bringing in annette on the back on these numbers we know various sectors have been hard hit. Autos with a huge slump. What do you make of these numbers of 2. 2 quarter on quarter. It was quite what we expected from the German Economy contracted by 2. 2 quarter by quarter. I was listening into press conference the head of the office saying it is the quarter we are talking about is the quarter where it was like two months not affected by the pan deemia. The lockdown in germany s
Go higher. The crash stride an hour away. Lets get your top headlines off the bloomberg terminal. China p. M. I. Data Beat Estimates but it is a mixed picture for asian stocks and u. S. Futures turned in the case negative. The w. H. O. Said the coronavirus outbreak in europe may be approaching its peak but across the atlantic new york city reports a 16 increase in deaths in just six hours. Plus lenders from howards bank to unicredit halts dividends at the request of the b. B. C. Well speak with the chair to have Advisory Board in just over an hour. We do see futures positive here. Certainly in germany. 3 4 of a percent. Up on the dax futures. U. S. Futures we pointed out are down right now. Of course that can change. Volatility is the name of the game these days but we see a little bit of a split in terms over the risk indicators. Anna, what do you see from your g. M. M. . Anna before get to that, lets get to breaking news. We have numbers coming through from shell. They are talking oo
Signing of that phase one trade agreement later this week. Joining us is charlie from aerial investments charlie, welcome. Thank you for having my well, you have to go specifically s p 500, which is protectly where you want to be right now. Frankly its starting to get expensive for us they continue to run, but at some point growth will have had its day, and value still looks tractive growth does not look attractive to me at this point. Interesting to hear you say that mike san tollist pointed out that in many ways the market is right where it was in 2018 does it feel that way . Yes, different from 2019. Last year there was gloom, a lot of talk about trade wars right now theres not a lot of bad news i say unfortunately, because the best time to invest is when people are worried about things. Right now theres just not a lot to worry about in the meantime lets focus on the big were covering dave calhouns first day wilfred has a preview of the banks earnings, and mike santoli has the marke
Maintaining ties with venezuelas president. And sprint to the finish. Deutsche telekom sees profit rising as the companys tmobile unit edges closer to stealing a landmark u. S. Deal. Just under 15 minutes away from the start of cash equity trading in europe, lets take a look. Irst off at futures green arrows across the board put futures up. 7 , more than 50 points right now on that optimism about more stimulus injections coming from beijing. Take a look at u. S. Futures for the second trading day of the week. Remember, shorten holiday week. Still have a solid seven hours until u. S. Markets start to think about opening up. Throughout the morning. Lets take a look at the risk indicators we can glean from the gm them here. In terms of equity indexes, you can see in asia, we have decent gains here. In terms of forex, we can see a intle bit of a mixed picture terms of the hong kong dollar and japanese yen, little changed, but we do see some yen strength. You see that in some other assets a
Estimates by about 0. 30. Revenue was also better than estimated, and they see revenue up, so that stock jumping in the premarket. Time now for global exchange, where we bring you todays market moving news from around the world. From hong kong to brussels, des moines, iowa and new york, our bloomberg forces are on the ground with the latest top stories. Chinese growth and imports beat expectations. With us from hong kong is in the curran. Is enda walk us through the numbers. Numbers. Ty good a couple of factors behind these good trade numbers, sentiment was much better in the month of december and late last year in advance of the trade agreement that is going to be signed this week. There was an element of front running of the orders because in Chinese New Year falls january. A base effect gives the numbers a bit of a polish, but also importantly, china found new markets even as it suffered from tariffs on its goods going into , and even into europe. Nd Southeast Asia total chinese exp