Wages are creeping up, but households still unwilling to spend. Yet more signs that the missing puzzle piece when it comes to the japanese recovery. Remainingics story elusive with this threshold out this morning. Laboroyment, the tight market staying at the lowest in around two decades. Also looking at things like retail sales and consumption lacking. Take a look at this chart. Consumers. Is this the case that so many years of deflationary mindset is shake . Ry difficult to the stubbornness of a reluctance to spend there is. Low unemployment employment. You can see when it comes to spending, living expenditure, it is not going up at all. We are going to delve a little bit more. There is no change to the picture that japans economic recovery lacks that strong driver despite expending for a fifth consecutive quarter. The longest run of gdp expansion in about a decade. Lets take a look at other markets. It is a funny start to the trading week. Large parts of Global Markets closed. The u.
Closer ties between the eu and china thats the aim. The leaders are meeting at at summit in brussels later hoping to counter president trumps stance on trade and Climate Change. Brazil is expected to announce that its economy is growing for the First Time Since 2014 but could that be overshadowed by the latest political crisis . Well look at whether that could threaten the return to growth. Welcome to World Business report. Im ben bland. In a minute well find out why today is a big day for pakaistans stock market. But first, the eu and china will attempt to deepen ties at a summit later. There is concern among some about the direction taken by us President Donald Trump on trade and Climate Change. Chinese premier li keqiang will meet European Council president donald tusk and European Commission head jean claude juncker. They are hoping to come up with an answer to Donald Trumps America First challenge. Trade in goods between the eu and china is worth well over 1. 5 billion euros a day
We get adp, weekly initial jobless claims and trickling out all morning, may auto sales. Fracturingsn and you manufacturing results. Jonathan for the last 24 hours its been all about the financials. Declining trading revenues. 3 wall st executives in 24 hours went into inspect haitians expect expectations management road. Mode. Jpmorgans cfo at good the sentiment. Bloomberg spoke with james gorman who is knowledge to he is seeing a similar trend. I think it would be hard to be anomaly. Have similar kinds if not the same in some cases. Theres enormous uncertainty which typically would read tremendous volatility and its not. Its was very passive perspective. The Downside Risk at this point is up weighing the offside risk. Now,han joining us Charles Peabody. Lets just begin with you very quickly. Anr take on what seemed like orchestrated move by 3 wall st executives to come out and temper great expectations. I think the expectation was that we would have some sort of seasonal slowdown. Th
Management of that part of the ma nifesto. James cleverley, we have to leave it there. Thank you forjoining us. Well keep you up to date with any developments here at westminster throughout the day. In the next half hour, let us hearforeign correspondents working in london, giving their verdict. Let us find out how they are explaining this british General Election to their overseas readers and listeners. It is of course our latest edition of Dateline London with sean ley. Thirds was supposed to be mays day but strengthening her hand in winning the General Election. Instead she was left calling out may day to a party in Northern Ireland asking it to keep her Conservative Party in power after her parliamentary majority evaporated. As forJeremy Corbyn, he lost the election but won plaudits for his campaign and inspired a new generation of young voters. With me to discuss where this leaves british politics and the imminent negotiations to get out of europe, biographer and long standing aut
Management of that part of the ma nifesto. James cleverley, we have to leave it there. Thank you forjoining us. Well keep you up to date with any developments here at westminster throughout the day. In the next half hour, let us hearforeign correspondents working in london, giving their verdict. Let us find out how they are explaining this british General Election to their overseas readers and listeners. It is of course our latest edition of Dateline London with sean ley. Thirds was supposed to be mays day but strengthening her hand in winning the General Election. Instead she was left calling out may day to a party in Northern Ireland asking it to keep her Conservative Party in power after her parliamentary majority evaporated. As forJeremy Corbyn, he lost the election but won plaudits for his campaign and inspired a new generation of young voters. With me to discuss where this leaves british politics and the imminent negotiations to get out of europe, biographer and long standing aut