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California high school’s senior ‘prank’ reportedly involved letter mandating genital inspection

A senior "prank" drew the attention of California high school officials earlier this week when a letter — apparently with official school letterhead — stated that all seniors would be inspected in a "highly inappropriate" manner.

The letter circulated among students at North Monterey County High School in Castroville through Snapchat, the school wrote in a Facebook post on Monday. It was made to look official and even included the superintendent's signature, officials said.

ENGLISH ANIMAL RESCUERS JUMP TO RESCUE OF 'SICK' FOX THAT'S ACTUALLY TAXIDERMIED ANIMAL

Senior male students, per the letter, were required to undergo "mandatory 'genitalia' inspections," KION-TV reported. It allegedly stated the students would be separated into two categories: circumcised and uncircumcised.

School officials wrote online that they're investigating the letter.

However, the "prank" seemingly received some positive reviews.

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One Facebook user called it "impressive" and said she "[doesn't] even think I'd be mad at my kid" for the letter, noting that it was "grammatically correct."

"Got to give who ever did it a little credit for being creative," another user wrote.

Source: Fox News National

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China first quarter GDP growth seen cooling to 6.3 percent, but March may suggest rebound: Reuters poll

FILE PHOTO: Workers are seen at a construction site in Beijing's central business area
FILE PHOTO: Workers are seen at a construction site in Beijing's central business area, China January 18, 2019. REUTERS/Jason Lee

April 15, 2019

BEIJING (Reuters) – China’s first-quarter economy growth likely cooled to the weakest pace in at least 27 years, a Reuters poll showed, but a flurry of measures to boost domestic demand may have put a floor under slowing activity in March.

Signs of improvement in the world’s second-largest economy would add to growing optimism that Washington and Beijing are nearing a trade deal, reviving business confidence and easing worries of a significant slowdown in global growth.

But analysts do not expect a sharp rebound in China’s economy like recoveries in the past, which created a strong reflationary pulse worldwide, noting its latest stimulus measures have so far been relatively more restrained.

Analysts polled by Reuters expect China to report gross domestic product (GDP) grew 6.3 percent in the January-March quarter from a year earlier, the slowest pace since the first quarter of 1992, the earliest quarterly data on record.

That would mark a further loss of momentum from the previous quarter’s 6.4 percent, but policymakers and investors are more likely to focus on any signs of a turnaround in March activity data, which will be released at the same time on Wednesday.

Premier Li Keqiang recently said “changes” in the economy in March had exceeded expectations, with the economy operating in a steady manner in the first quarter.

Analysts say unexpectedly strong March credit data on Friday set the stage for a recovery in investment in the second half of the year, though export and import readings were mixed, suggesting domestic demand remains sluggish.

In March, Beijing announced billions of dollars in additional tax cuts and infrastructure spending on top of measures last year.

But top officials have repeatedly vowed not to resort to “flood-like” stimulus like that rolled out in past downturns, which led to a mountain of debt.

China’s economic growth cooled to 6.6 percent in 2018, weighed down by multi-year clampdowns on riskier lending and pollution that have deterred fresh investment, and by escalating U.S. and Chinese tariffs on each others’ goods.

Economists polled by Reuters expected a further pullback to 6.2 percent in 2019 – the slowest in nearly 30 years.

On a sequential basis, economists estimated GDP grew 1.4 percent in the first quarter, easing from 1.5 percent in the fourth quarter.

SIGNS OF SPRING

March data will provide more details on the health of China’s domestic demand, covering industrial output, retail sales, property sales and investment, and fixed asset investment.

Business surveys for March had shown the manufacturing sector unexpectedly return to growth, while service sector activity accelerated, but analysts have cautioned some of the March gains were likely due to seasonal boosts.

Industrial output is expected to have increased 5.9 percent from a year earlier, quickening from 5.3 percent in the first two months, which was the weakest pace in 17 years.

Retail sales are seen growing 8.4 percent, better than the 8.2 percent in the first two months.

China’s auto sales fell for the ninth straight month in March but the pace of decline slowed, industry data showed, as carmakers reduced prices to boost business after Beijing handed out tax cuts to spur consumer spending.

Further evidence of Beijing’s infrastructure spending spree is expected in fixed-asset investment, which is expected to grow 6.3 percent in the first quarter on-year from 6.1 percent in the first two months of the year.

MORE POLICY SUPPORT SEEN NEEDED

While some economists have reduced expectations of further policy easing in light of recent, largely upbeat data, most believe further support is needed to ensure a sustainable recovery.

Support measures will take time to fully kick in, and corporate balance sheets are expected to remain under stress if profits are slow to recover from their worst slump in more than seven years.

The central bank has already slashed banks’ reserve requirement ratio (RRR) five times over the past year and is widely expected to ease policy further in coming quarters to spur lending and reduce borrowing costs, especially for small and private firms vital for growth and job creation.

Economists in the latest Reuters poll released on Friday (ahead of the credit data) forecast three more cuts to RRR of 50 basis points each in this quarter and the next two, but do not expected the central bank to cut its benchmark lending rate this year or next. [ECILT/CN]

The global economy is slowing more than expected and a sharp downturn could require world leaders to coordinate stimulus measures, the International Monetary Fund said on Tuesday as it cut its forecast for 2019 world economic growth for the third time.

(Reporting by Kevin Yao; Polling by Khushboo Mittal in Bangalore and Jing Wang in Shanghai; Editing by Kim Coghill)

Source: OANN

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UN says emergency decree will impact peace in Sudan's Darfur

The U.N. assistant secretary-general for Africa says Sudanese President Omar al-Bashir's declaration of a countrywide state of emergency and replacement of all governors will affect peace efforts in Darfur.

Bintou Keita told the Security Council Monday that "some rebel groups have demonstrated a stiffening of their position" since al-Bashir's announcement Friday of the year-long emergency amid protests calling for his resignation.

She said "the Darfur peace process had come to a standstill — once again — in the context of the ongoing demonstrations against the economic and political conditions in Sudan."

The council voted in July to dramatically cut the United Nations-African Union military force in the western Darfur region in response to reduced fighting and improved security conditions, with a target of ending the mission on June 30, 2020.

Source: Fox News World

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Leafs trip Islanders to clinch playoff berth

NHL: Toronto Maple Leafs at New York Islanders
Apr 1, 2019; Uniondale, NY, USA; Toronto Maple Leafs center John Tavares (91) celebrates his goal against the New York Islanders during the third period at Nassau Veterans Memorial Coliseum. Mandatory Credit: Dennis Schneidler-USA TODAY Sports

April 2, 2019

John Tavares scored against his former team in the third period as the visiting Toronto Maple Leafs clinched a playoff berth with a 2-1 victory over the New York Islanders on Monday in Uniondale, N.Y.

Defenseman Calle Rosen scored his first career NHL goal and Frederik Andersen made 28 saves for the Maple Leafs, who averted a season sweep by New York and moved within four points of second-place Boston in the Atlantic Division.

Jordan Eberle scored to extend his goal-scoring streak to three games for the Islanders, who fell for the second time in six contests to remain just two points ahead of third-place Pittsburgh in the Metropolitan Division.

New York’s Robin Lehner, who made 36 saves on Monday, turned aside 105 of 108 shots in the season series.

Tavares was booed throughout the game in his second visit to Long Island after signing a seven-year, $77 million contract in the offseason. He added to the negative response by depositing Mitch Marner’s drop pass into the top left corner of the net for his team-leading 46th goal to give Toronto a 2-0 lead at 3:50 of the third period.

The Islanders scored on the power play to trim the deficit with 5:05 remaining in the third. Defenseman Devon Toews, who hit the post earlier in the period, sent the puck toward the net and Brock Nelson settled it before backhanding a feed for an easy conversion for Eberle.

Rosen, who was recalled from the Toronto Marlies of the American Hockey League on Sunday, wristed a shot from the point that floated past Lehner to open the scoring 2:17 into the second period. The 25-year-old Rosen was playing in his fifth career NHL game, with the previous four coming last season.

Toronto star forward Auston Matthews crumbled in a heap after he was hit in the foot by a shot from New York defenseman Adam Pelech in the second period. He skated slowly to the bench but remained in the game.

–Field Level Media

Source: OANN

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World Court: Britain must return Indian Ocean islands to Mauritius

FILE PHOTO OF INDIAN OCEAN ISLAND OF DIEGO GARCIA.
An undated file photo shows Diego Garcia, the largest island in the Chagos archipelago and site of a major United States military base in the middle of the Indian Ocean leased from Britain in 1966. REUTERS/HO/U.S. Navy

February 26, 2019

By Stephanie van den Berg

THE HAGUE (Reuters) – The World Court on Monday told Britain to give up control over the Chagos Islands in the Indian Ocean, and said it had wrongfully forced the population to leave in the 1970s to make way for a U.S. air base.

Britain split the archipelago off from its colonial island territory of Mauritius in 1965, three years before granting independence to Mauritius – minus the islands.

In the early 1970s, it evicted almost 2,000 residents to Mauritius and the Seychelles to make way for the base on the largest island, Diego Garcia, which it had leased to the United States.

In a non-binding advisory opinion, the top United Nations court for inter-state disputes said Britain had acted unlawfully in the decolonization process and should relinquish control over the islands, which it calls the British Indian Ocean Territory.

Although the court was not asked to issue an opinion on sovereignty, Monday’s decision in effect urged Britain to hand the islands, which it has controlled since 1814, over to Mauritius.

But Presiding Judge Abdulqawi Yusuf said in a summary of the decision that Britain was “under obligation to bring to an end the administration of Chagos Islands as rapidly as possible”.

The case at the International Court of Justice (ICJ), as the World Court is officially known, is seen as a test of the legitimacy of deals struck between great powers and small states at the end of the colonial era.

For years Chagossians have lobbied London to let them return. In 2016, Britain extended the United States’ lease of Diego Garcia until 2036 and said expelled islanders could not go back.

“HISTORIC MOMENT”

Mauritian Prime Minister Pravind Jugnauth said it was “a historic moment for Mauritius and all its people, including the Chagossians who were unconscionably removed from their homeland and prevented from returning for the last half century”.

“Our territorial integrity will now be made complete, and when that occurs, the Chagossians and their descendants will finally be able to return home.”

The U.N. General Assembly asked the court in February 2017 to advise on whether the process of decolonization had been concluded lawfully.

In his summary, Yusuf said: “The court having found that the decolonization of Mauritius was not conducted in a manner consistent with the right of peoples to self-determination, it follows that the United Kingdom’s continued administration of the Chagos Archipelago constitutes a wrongful act entailing the international responsibility of that State.”

Mauritius argued that it had been forced to give up the archipelago to gain independence from Britain. Britain maintained that Mauritius had given up the islands willingly.

By 13 votes to one, the judges backed the decision, which is not binding but carries weight under international law.

Diego Garcia has played an important role in conflicts in Iraq and Afghanistan since 1991, acting as a launch pad for U.S. long-range bombers. The United States and Britain both voted against the U.N. resolution seeking the court’s opinion.

Philippe Sands, a member of the Mauritius legal team at the ICJ, said the next step would be for Britain and Mauritius to sit down and work out a handover:

“A way will be found to move this forward, safeguarding the interests of everyone but recognizing what the court has said.”

(Writing by Anthony Deutsch; Editing by Kevin Liffey)

Source: OANN

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Factbox – The Brexit law: What is the UK government considering putting to parliament?

Britain's Prime Minister Theresa May leaves church in Sonning
Britain's Prime Minister Theresa May leaves church in Sonning, Britain April 21, 2019. REUTERS/Hannah McKay

April 24, 2019

LONDON (Reuters) – Prime Minister Theresa May wants to get her Brexit deal with the European Union approved by British lawmakers in time to avoid taking part in next month’s European Parliament elections.

To do so, she needs to get a law passed through the British parliament. Here is some information about that legislation:

WHAT IS THE ‘WAB’?

The ‘European Union (Withdrawal Agreement) Bill’, known as the WAB, formally ratifies Britain’s exit agreement with the EU. It gives legal effect to the transition period, due to run until December 2020, the rights of EU citizens, a financial settlement with the bloc and an agreement on how to avoid a hard border in Ireland if a future trade deal with the EU cannot be concluded in time.

WHEN COULD IT BE INTRODUCED TO PARLIAMENT?

Parliament has rejected May’s Brexit deal three times since the start of the year. The government is now holding talks with the opposition Labour Party aimed at reaching a compromise on the way forward.

May’s spokesman said her team of ministers had agreed the WAB should be put before parliament as soon as possible. A government source said this could be as early as next week.

Introducing the legislation directly would bypass the so-called ‘meaningful vote’ on May’s deal, which the House of Commons speaker has ruled cannot be brought back for another vote without substantial changes.

It would put pressure on lawmakers to support the legislation to ensure Britain leaves the EU before the European Parliament elections. It would also enable compromise to be reached through amendments, or changes, to the bill, which could be put forward by pro- and anti-Brexit factions in parliament, giving the legislation a better chance of gaining support.

HOW QUICKLY COULD IT BE PASSED?

To avoid holding European Parliament elections on May 23, the bill would have to pass through all its stages in both the lower House of Commons and upper House of Lords to ratify the deal and leave the EU. Timing is tight.

Parliament is due to sit for just 15 days before May 23. Several previous bills on Britain’s relationship with Europe have taken more than 30 days to pass.

Legislation can be rushed through, although many provisions in the bill are expected to be contentious. Lawmakers are likely to object to not having the opportunity to give it enough scrutiny.

If it is not passed by May 23, Britain must take part in the European elections. Its EU membership is due to end on Oct. 31, with or without a deal. If it does not take part in the elections and has not ratified an exit deal, Britain will leave without an agreement on June 1.

WHAT HAPPENS IF THE BILL IS VOTED DOWN?

Without a breakthrough in talks with Labour, it is risky for the government to introduce the legislation. If it is voted down, rules dictate that the same bill cannot be brought back during this parliamentary session.

Britain cannot leave the EU with a deal if it does not pass the bill to ratify the agreement.

In order to bring back the bill, the government would have to ‘prorogue’ parliament to end the session and start a new session. This process could take several days and is likely to end any hope of it passing before May 23.

Proroguing could bring problems: May’s Conservatives do not have a majority in parliament and its agreement with Northern Ireland’s Democratic Unionist Party (DUP) to prop up the government is due to be reviewed at the start of any new session. The DUP oppose May’s deal.

DOES THERE STILL HAVE TO BE A ‘MEANINGFUL VOTE’?

The legal requirement to hold a ‘meaningful vote’ in parliament to approve May’s deal would remain, but the government believes that if lawmakers have voted to approve the legislation, passing a meaningful vote would become a formality.

(Reporting by Kylie MacLellan; Editing by Janet Lawrence)

Source: OANN

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“Immigration Czar”: Trump is Dodging HIS Responsibility

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Sonia Bompastor, director of the Olympique Lyonnais womenÕs Youth Academy, leads a training at the OL Academy near Lyon
Sonia Bompastor, director of the Olympique Lyonnais womenÕs Youth Academy, leads a training at the OL Academy in Meyzieu near Lyon, France, April 16, 2019. REUTERS/Emmanuel Foudrot

April 26, 2019

By Julien Pretot

MEYZIEU, France (Reuters) – Olympique Lyonnais president Jean-Michel Aulas was wringing out his women’s team shirts in the locker room on a rainy London day eight years ago when he decided it was time to take gender equality more seriously.

It was halftime in their Champions League semi-final second leg against Arsenal at Meadow Park with 507 fans watching and Aulas realized that his players did not have a another kit for the second half.

“Next time, there will be a second set just like for the men, that’s how it’s going to work from now on,” he said.

Lyon have since won five Champions League titles to become the most successful women’s team in Europe and recently claimed a 13th consecutive domestic crown.

They visit Chelsea on Sunday in the second leg of their Champions League semi-final, with a fourth straight title in their sights.

At the heart of their achievements is a pervasive ethos that promotes gender equality throughout the club, starting in the youth academy.

In 2013, Aulas appointed former Lyon and France player Sonia Bompastor as head of the Women’s Academy — the female equivalent of one of France’s top youth set-ups that has produced players such as Karim Benzema, Alexandre Lacazette and Hatem Ben Arfa.

At the Youth Academy, girls and boys share the same facilities.

“Pitches, physiotherapy rooms are the same for all,” the 38-year-old Bompastor told Reuters.

As the girls train under the watch of former Lyon and France international Camille Abily, the screams of the boys practicing can be heard nearby.

The boys and girls also benefit from the same psychological support that includes hypnosis sessions and yoga.

“We have a ‘mental ability’ cell and the hypnotist acts on the girls’ subconscious, on their deeply held beliefs after observing them on and off the pitch,” Bompastor added.

SAME TREATMENT

One message the Academy staff are trying to convey is that girls are as good as boys.

“Women’s nature is such that we have low self-esteem. So self-esteem is a big topic for our girls,” said Bompastor.

This is not the case with the boys, she added.

“Some 14, 15-year-old boys still think they would beat our professional players, we tell them this would not be happening. We still need to work on those beliefs,” she said.

Female players also have to face questions that their male counterparts do not, Bompastor explained.

“In France there is a problem with the way women are considered, there are high aesthetic expectations. So we get heavy questions on femininity, intimate questions that men don’t get,” she said.

OL’s Academy has been held up as a shining example for others to follow, even in the U.S., where women’s soccer has a wider audience than in Europe.

“About one third of the (senior women’s) squad comes from the Academy, we have a good balance,” said Bompastor.

“I’m getting tons of requests from American universities and foreign clubs, who want to come and visit our facilities.”

‘ONE CLUB’

The salaries of the senior players is one area where there remains a large discrepancy between Lyon’s men’s and women’s teams.

While the three best-paid women players in the world are at Lyon with Ballon d’Or winner Ada Hegerberg earning 400,000 euros ($445,520) a year, this figure is dwarfed by the around 4 million euros earned annually by men’s player Memphis Depay.

There is, however, a level of interaction between the men’s and women’s players that is not present at many other clubs.

“When you talk about OL you talk about women and men, you talk about one club and you feel it when you are here or outside in the city,” Germany defender Carolin Simon told Reuters.

“We see it when we play in the big stadium. It’s not ‘normal’ for women’s football,” the 26-year-old, who joined the club last year, added.

Lyon’s female players also enjoy respect from their male counterparts, Simon said.

“It’s very cool, it’s a big honor to feel that it doesn’t matter if you are a professional man or woman. We talk with the men, there are handshakes, it’s a good atmosphere and it’s also why we are successful,” said Simon.

“The men respect us and it’s not just for the cameras.”

Her team mate, England’s Lucy Bronze, sees the men’s respect as key to improving women’s football.

“We might not be paid the same but they are just normal with us, they see us as footballers the same as they are,” Bronze told Reuters.

“Being at Lyon has really opened my eyes. To improve women’s football, it starts with having the respect of your male counterparts. It’s the biggest thing because they can influence so many people.”

(Reporting by Julien Pretot; Editing by Toby Davis)

Source: OANN

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FILE PHOTO: Ethiopian migrants, stranded in war-torn Yemen, sit on the ground of a detention site pending repatriation to their home country, in Aden, Yemen
FILE PHOTO: Ethiopian migrants, stranded in war-torn Yemen, sit on the ground of a detention site pending repatriation to their home country, in Aden, Yemen April 24, 2019. REUTERS/Fawaz Salman/File Photo

April 26, 2019

GENEVA (Reuters) – Yemeni authorities have rounded up about 3,000 irregular migrants, predominantly Ethiopians, in the south of the country, “creating an acute humanitarian situation,” the U.N. migration agency said on Friday.

“IOM is deeply concerned about the conditions in which the migrants are being held and is engaging with the authorities to ensure access to the detained migrants,” the International Organization for Migration said.

The migrants are held in open-air football stadiums and in a military camp, it said in a statement.

The detentions began on Sunday in the city of Aden and the neighboring province of Lahj, which are under the control of the internationally recognized government backed by Saudi Arabia and the United Arab Emirates. Iran-aligned Houthi rebels control Sanaa, the capital, and other major urban centers.

Both sides are under international diplomatic pressure to implement a United Nations-sponsored ceasefire deal agreed last year in Sweden and to prepare for a wider political dialogue that would end the four-year-old war.

Thousands of migrants arrive in Yemen every year, mostly from the Horn of Africa, driven by drought and unemployment at home and lured by the wages available in the Gulf.

(Writing by Maher Chmaytelli, Editing by William Maclean)

Source: OANN

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U.S. dollar notes are seen in this picture illustration
U.S. dollar notes are seen in this November 7, 2016 picture illustration. Picture taken November 7. REUTERS/Dado Ruvic/Illustration

April 26, 2019

(Reuters) – Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.

1/DOLLAR JUGGERNAUT

The dollar has zipped to near two-year highs, leaving many scratching their heads. To many, it’s down to signs the U.S. economy is chugging ahead while the rest of the world loses steam. After all, Wall Street is busily scaling new peaks day after day.

Never mind the cause, the effect is stark. The euro has tumbled to 22-month lows against the dollar and investors are preparing for more, buying options to shield against further downside. Emerging-market currencies are also in pain, with Turkish lira and Argentine peso both sharply weaker.

Now U.S. data need to keep surprising on the upside or even just meet expectations. The International Monetary Fund sees U.S. growth at 2.3 percent this year. For Germany, the forecast is 0.8 percent. The U.S. economy’s rude health has given rise to speculation the Fed might resume raising interest rates. Unlikely. But as other countries — Canada, Sweden and Australia are the latest — hint at more policy easing, there seems to be one way the dollar can go. Up.

(GRAPHIC: Dollar outperforms G10 FX – https://tmsnrt.rs/2Dz17S5)

2/FED: UP OR DOWN?

Wall Street is near record highs and recession worries are receding, so as we mentioned above, investors might wonder if the Federal Reserve will start raising rates again.

Such a pivot is unlikely after the Fed killed off rate-rise expectations at its March meeting. And the latest Reuters poll all but puts to bed any risk of rates will go up this economic cycle, given inflation remains below the Fed’s alarm threshold and unemployment is the lowest in generations.

Before the March rate-pause announcement, a preponderance of economists penciled in one or more increases this year. But that has flipped. A majority of those surveyed April 22-24 see no further tightening through December and more are leaning toward a cut by the end of next year.

Indeed, interest rate futures imply Fed Funds will be below the current 2.25-2.50 percent target range by this December.

Recent positive consumer spending and exports data have eased market concerns of a sharp economic slowdown. But inflation probably needs to run hot for a long period to panic policymakers off their wait-and-see course.     

(GRAPHIC: Federal funds and the economy – https://tmsnrt.rs/2DzjTZz)

3/HEISEI TO REIWA

Next week ends three decades of Japan’s Heisei era. Heisei, or Achieving Peace, began in 1989 near the peak of a massive stock market bubble and closes with the country trapped in low growth, no inflation, and negative interest rates.

The new era that dawns on May 1 is called Reiwa, meaning Beautiful Harmony. It begins when Crown Prince Naruhito ascends the Chrysanthemum Throne. But do investors really want harmony? What they want to see is a bit of economic growth and inflation to shake up the status quo.

The Bank of Japan’s stimulus toolkit to revive a long-suffering economy is anything but harmonious and yet it’s set to stay. The central bank confirmed recently rates will stay near zero for a long time. But the coming days may not be harmonious or peaceful for currency markets. A 10-day Golden Week holiday kicks off on April 29 and investors are fretting over the risk of a “flash crash” – a violent currency spasm that can occur in times of thin trading turnover.

The year has already seen two yen spikes and many, including Japan’s housewife-trader brigade – so-called Mrs Watanabes – appear to have bought yen as the holiday approaches. Their short dollar/long yen positions recently reached record highs, stock exchange data showed.

(GRAPHIC: Japan stocks: from Hensei to Reiwa – https://tmsnrt.rs/2W6a7Fe)

4/EARNING TURNING

Quarterly earnings were supposed to be the worst in Europe in almost three years, but with a third of results in, things are looking a little rosier.

Two-thirds of companies’ results have beat expectations, and they point to earnings growth of 4.5 percent year-on-year. Financials have delivered the biggest surprises, according to analysis by Barclays.

That might just show how low expectations were. In fact, analysts are still taking a red pen to their estimates.

The latest I/B/E/S data from Refinitiv shows analysts on average expect first-quarter earnings-per-share for STOXX 600-listed companies to fall 4.2 percent. That would be their worst quarter since 2016 and down sharply from an estimated 3.4 percent just a week earlier.

Those estimates may end up being a little too bearish as earnings season goes on, quelling worries that Europe is heading toward a corporate recession.

GSK and Reckitt Benckiser will give the market a glimpse of the health of the consumer products market and spending on everything from toothpaste, washing powder and paracetamol.

(GRAPHIC: Earnings forecasts – https://tmsnrt.rs/2DuO2ZF)

5/WAITING FOR THE OLD LADY

Sterling has gone into the doldrums amid the Brexit delay and unproductive talks between the UK government and the opposition Labour party on a EU withdrawal deal. The resurgent dollar, meanwhile, has taken 2 percent off the pound in April. It is unlikely the Bank of England will be able to rouse it at its May 2 meeting.

Despite robust retail and jobs data of late, the economic picture is gloomy – 2019 growth is likely to be around 1.2 percent, the weakest since 2009, investment is down and Governor Mark Carney says business uncertainty is “through the roof”.

Indeed, expectations for an interest rate increase have been whittled down; Reuters polls forecast rates will not move until early 2020, a calendar quarter later than was forecast a month ago. The hunt for a new governor to replace Carney in October adds more uncertainty to the mix.

The recent run of UK data has fueled hopes of economic rebound. That’s put net hedge fund positions in the pound into positive territory for the first time in nearly a year. The Old Lady of Threadneedle Street might temper some of that optimism.

(GRAPHIC: Sterling positions – https://tmsnrt.rs/2XJwUXX)

(Reporting by Alden Bentley in New York, Vidya Ranganathan in Singapore; Karin Strohecker, Josephine Mason and Saikat Chatterjee in London; compiled by Sujata Rao; edited by Larry King)

Source: OANN

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U.S. President Trump departs for travel to Indianapolis from the White House in Washington
U.S. President Donald Trump talks to reporters as he departs for travel to Indianapolis, Indiana from the White House in Washington, U.S., April 26, 2019. REUTERS/Jonathan Ernst

April 26, 2019

WASHINGTON (Reuters) – U.S. President Donald Trump on Friday said trade talks with China are going very well, as the world’s two largest economies seek to end talks with a trade agreement to defuse tensions.

Trump said on Thursday he would soon host China’s President Xi Jinping at the White House.

Earlier this week, the White House said that Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer would travel to Beijing for more talks on a trade dispute marked by tit-for-tat tariffs between the two countries.

(Reporting by Jeff Mason; Writing by Makini Brice; Editing by Chizu Nomiyama)

Source: OANN

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U.S. President Donald Trump hosts Take Our Daughters and Sons to Work Day at the White House in Washington
U.S. President Donald Trump gives a thumbs up to his audience as he hosts Take Our Daughters and Sons to Work Day at the White House in Washington, U.S., April 25, 2019. REUTERS/Kevin Lamarque

April 26, 2019

WASHINGTON (Reuters) – U.S. President Donald Trump on Friday praised Russian President Vladimir Putin’s comments on North Korea this week following the Russian leader’s summit with Pyongyang’s Kim Jong Un.

Speaking to reporters at the White House, Trump also said China was helping with efforts aimed at the denuclearization of North Korea.

(Reporting by Jeff Mason and Makini Brice; Writing by Susan Heavey; Editing by Chizu Nomiyama)

Source: OANN

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