Not good enough, eu leaders are set to say no breakthrough in brexit talks. Boris johnsons thursday deadline for walking away approaches. Bank earnings turned sour, jp morgan and citigroup slide despite posting betterthanexpected trading revenues. Bank of america and Goldman Sachs are among firms reporting today. Clinical complications, eli lilly becomes the latest company to pause its covid19 drug trial. We will bring you our interview with rival Johnson Johnson. One hour until the start of cash equity trading across europe. Thats look at what is going on in terms of futures. We are seeing gains and European Equity Index Futures even after live trade. An you can see ftse futures up 0. 3 , and euro stocks and dax futures little changed. In terms of u. S. Futures, you can see on s p and Dow Jones Futures slight gains, a little more on s p. Nasdaq futures up 0. 3 . Anna, you have earnings out. Anna lets get the closing details, the business talking about the year but remaining cautious o
series of spring meetings with the world bank in washington this week stop it is also downgraded its overgrowth forecast for this year and exciting weaker performances in some leijer economies. our business reporter has been looking into this story for us and joins us now. always go to get you on the show. you have been sifting through the report, what are the projections?- report, what are the projections? they are predicting projections? they are predicting that - projections? they are i predicting that economic projections? they are predicting that economic growth this year maybe to next year 3%, that is a downgrade on what they had said injanuary about one tenth of a percentage point, in the medium term they have given the weakest forecast in more than 30 years. they say there is potentially a perilous combination of factors and that those far as could lead to economic crisis and they are calling there for for central bank around the world to keep tight monetary polic
Pans out as expected. It is forcing our projections of 2 . Well have more coverage from marrakech this hour with economy minister Paolo Gentiloni and nadia catalino. And one and done. Minutes the september meeting show officials dealing with an uncertain path ahead. The system is resilient. The u. S. Economy continues to surprise on the upside. Surprise all of us. I think there is an expectation that policy rates and Interest Rates will start to have real negative impact next year. And the uk economy grows 0. 2 in the month of august while the previous months print is revised lower as the manufacturing and construction sector contracts. U. S. Secretary of state Antony Blinken arrives in tel aviv and peaces together plans for the military response against hamas. This market picture has been going on with positive trends. We are continuing the positive momentum overall. We are looking at the ramifications. This week is the focus for the oil and gas. Up. 30 for the stoxx 600. Where are we
But could troubles at tesla spoil the party . In europe, pmi data out this morning for clues on the health of the economy and the ecbs rate path ahead. Plus, the u. K. Governments controversial rwanda deportation bill is finally set to become law. Questions remain over how the policy will work and when the first flights will take off. We are in earnings season, so we bring you the resorts crossing from french automaker renault and upbeat, the first part revenues coming in at 7. 1 billion euros, above the rest of its of 11. 4 3 billion euros. Above the estimates. There has been decent demand for the revamped cleo. We are looking for any lines on the outlook for evs more broadly. Competition from tesla, chinese automakers as well. Beat in terms of fourthquarter revenue for renault. Scf of at least 2. 5 billion. Estimates have been for at least 2. 6 2 billion, so a little below the estimates. First quarter coming in at a modest beat of 11. 71 billion. We will keep on that story for you. I
This is bloomberg daybreak europe. Asian stocks rally after betterthanexpected Economic Data coming out of china. Or support measures from the central bank there. Autoworkers striking at the largest carmakers are the first time in history as the midnight deadline expires. The euro flies as markets bed the ecbs 10th and latest rate hike could be latticed though the president will not confirm. A lot to digest and a lot of things moving the markets. We talked about the ecb but one of the biggest stories overnight has been the biggest ipo listing of the year. Arm coming out and surging almost 25 into their debut. This will be significant. It surged 25 . The take away is enormous. 10 of the company floated with softbank. This is giving a lift to the broader markets. You saw a 25 increase carrying a bid into tech broadly. The idea of futures showing the green on the screen we saw in early trading overnight. Euro stoxx 50 higher by. 7 led by the defense a bit. S p futures and nasdaq futures h