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we see little bit of a lack of direction when it comes to stop. the stoxx 600 is pretty much flat, moving sideways. there has been quite a lot of movement in the u.s. 10 year yields. this week we have been looking for the 3% mark. we have not gotten there yet. investors are trying to figure out exactly the monetary policy. and you have a little bit of movement in the euro sck. in the meantime, you can see the andmberg dollar index coming up, we talk brexit and trade. later, david bloom from hsbc gives us his forecast. e talk gun0 p.m., w control. now, let s get straight to the bloomberg first word news with nejra cehic. nejra: theresa may held an eight hour brexit session in an attempt to win anonymous backing for her divorce plan. she went to give european rules in many areas, while breaking away partially or fully with others. the european commission preempted the meeting by saying what it has heard of her plan will not work. former trump campaign chairman paul manafo ....
come next year, we will probably have the ecb with a stable balance sheet, and we will talk about interest rate movement after that. anna: welcome to bloomberg daybreak: europe, our flagship morning show from london. manus: another day, another set of earnings results coming for. let s go to commerzbank, germany s second-largest bank. operating profits, 314 million euros. that is confirmation that the turnaround plan is indeed having a good start. they confirmed their full-year outlook. loan-loss provisions just below where we would expect. 196.5 million. when it comes to net income, this is the storm. 217 million euros. the market had penciled in 74 million euros. the bane of european bank ceo s lives, capital 12.5%. the target is 12 million customers by 2022, shareholders gave them a d rating, but a good set of numbers. just think back to september. is validation of strategy 4.0. anna: we will be speaking to the cfo later this morning. he will join the team on su ....
anna: welcome to bloomberg daybreak: europe. where in the city of london. manus: it s super thursday for the bank of england. france s number three bank with every other bank in france which is delivering its numbers. credit agricole worst numbers, the market predicted 700 702 million euros. delivering stable revenues in 2017. it s the mortgage fees that are helping the banks. credit agricole saying net income quadrupled in the first quarter. they have the italian business trying to expand. it looks like the cfo expects stability. trading revenue rose by 17% on fixed income money. that joins the overall theme that we had. that s the story in parts of the banking sector. also getting numbers from union credit. first-quarter net income 907 million euros, a above the estimate of 586.7 million. interesting reading from my builterg colleagues, they it as the quarter where the ceo might need to prove profitability. according to the estimates, he seems to done just that. , ....
keene in london. tom: not the chaos of yesterday. still overnight the news flows. historic. stephanie baker will join us. we ve got a lot of good, thoughtful op eds, including one by mike bloomberg that will give some color to the emotion going on in the states. markets are quite. quiet. governor carney has very stable markets. guy: he does. there are rumors doing the rounds that maybe we have got not one but two people voting for a rate hike. tom: dissenters. guy: we ll talk about that. let s look at the volatility numbers. this is what we re looking at. 79, alook at brent, 50. lift in oil. euro, little bit weaker dollar strength. guy: we ve got some numbers coming out from the e.u. inflation forecast. 2018, the headline rate. the ecb s target is at or near 2%. it s raising is 2017 euro area gdp forecast saying risks are more balance. mirroring what we are getting from mariota draghi. he was riled in the netherlands. next meetingin the to get to a much more neutral s ....
negotiations and look at where the new government goes from here with our business editor, simonjack. we usually ask you a twitter question, but today the founder of amazon has one for you what should he do with all his money? jeff bezos has posted a request for ideas from the public for philanthropy inspiration what advice would you give? just use the hashtag #bbcbizlive. good to have you with us on business live. we start in greece, which has edged back from the brink of financial collapse once again. late on thursday after months of wrangling european finance ministers, together with the international monetary fund, finally agreed to give athens its latest slice of bailout money. and there s a hint it could get some relief from its crippling debt mountain next year. let s show you the details. greece will finally get this 8.5 billion euros part of an 86 billion euro bailout plan agreed in 2015. it is the third it has had. it will come just in time, as gre ....