Now On Air

Liberty #MAGAOne Mix

Via MAGA One Mix

6:00 am 8:00 am


Upcoming shows
Real News

NOW ON AIR
Now On Air

Liberty #MAGAOne Mix

Via MAGA One Mix

6:00 am 8:00 am



Maga First News

Upcoming Shows

Join The MAGA Network on Discord

0 0

Family Flees to Poland After Sweden Gives Kids to Muslim Foster Parents

The Swedish social services’ decision to place three Christian girls in a Muslim Lebanese family has resulted in an international scandal, involving Poland.

After the Swedish social services attempted to place Denis Lisov’s three children in a Muslim foster family, the Russian father took his daughters and fled Sweden, unleashing a thriller-like sequence of events.

Denis Lisov came to Sweden seven years ago. In 2017, his wife fell ill, whereupon social services decided to take away his children on the grounds that he had no full employment and was therefore unable to take care of them. Instead, they were placed in a Muslim Lebanese family. Lisov’s family formally retained the custody of the children, but only had the right to see them six hours a week, the Swedish news outlet Samhällsnytt reported.

According to Babken Khanzadyan, who represents the Lisovs, they weren’t given any opportunity to defend their rights, and the girls didn’t want to stay there.


Groundbreaking report revealing disturbing intel from Europe.

After his daughters had spent over a year in the Muslim family, about 300 kilometers from their real father, Denis had had enough. He took his daughters and decided to return to Russia. However, he was stopped at Warsaw airport, as the Swedish authorities reported his daughters missing. Therefore, he has applied for asylum in Poland instead.

A Polish court ruled that the Swedish social service had violated an EU convention that forbids the placement of children in foreign cultural environments. The court also noted that Lisov’s paternity rights had not been revoked, which is why the children could stay with their father.

“The children have a very strong bond with the father, and when I talked to them they told me that they want to stay with their father and love him and do not want to be separated from him” judge Janeta Seliga-Kaczmarek said, as quoted by Samhällsnytt.

According to Lisov, the youngest girls didn’t understand anything, but the eldest one had problems adapting to the harsh environment of the Muslim family.

Their lawyer Bartosz Lewandowski tweeted that the family was happy and rested after the first night spent on their own.

​According to Lewandowski, the Muslim foster father also appeared in court. There, he admitted that his visit to Poland had been paid for by the Swedish social services, Samhällsnytt reported.

Lewandowski also tweeted that a representative of the Swedish social services arrived to pick up the three girls, but was stopped by the police. He told them something in Swedish, which nobody understood.

“3 Russian girls were to be illegally taken away from their father by Swedish officials on Polish soil”, lawyer Jerzy Kwaśniewski tweeted.

​”Poland is a beautiful country. It is blossoming in my eyes, because here can finally be with Dad”, Sofia Lisova, Denis’s eldest daughter said after the court’s verdict, as quoted by Artur Stelmasiak, the editor of the Catholic weekly Niedziela.

The court’s actions were also praised by Poland’s authorities.

“The court has decided that the children stay with their father. Well done the police and the border police”, Polish Interior Minister Joachim Brudziński tweeted.

In Sweden, the social services have the possibility of immediately taking children and young people up to the age of 19 by force owing to legislation in place to intervene in order to protect children or youths in an emergency situation. Why exactly the social services decided to take away Lisov’s daughters remains unknown.


Alex Jones breaks down how the globalists are attempting to collapse civilization within the next six months by intensifying their migrant fueled destabilization of the west.

Source: InfoWars

0 0

Keselowski dominates at Martinsville for win No. 29

NASCAR: Folds of Honor QuikTrip 500
Feb 24, 2019; Hampton, GA, USA; Monster Energy NASCAR Cup Series driver Brad Keselowski (2) talks with his wife Paige White and daughter Scarlett Keselowski after winning the Folds of Honor QuickTrip 500 at Atlanta Motor Speedway. Mandatory Credit: Adam Hagy-USA TODAY Sports

March 24, 2019

One month ago, Brad Keselowski drove to victory in Atlanta despite being caught in the nauseating grip of the flu. On Sunday it was the rest of the drivers in the field who were left feeling queasy as Keselowski was absolutely dominating in winning the STP 500 Monster Energy NASCAR Cup Series race at Martinsville Speedway in Virginia.

How dominating was the Michigan native on Sunday? He led 446 of 500 laps, including the final 127, and collected victories in all three stages.

The victory in the first short track race of the season was the second of the season for Keselowski and the third for Team Penske.

It was the 29th victory of Keselowski’s Cup career and his second at NASCAR’s shortest and oldest track.

Chase Elliott of Hendrick Motorsports, who had not led a single lap in 2019, led 49 on Sunday and finished second. The margin of victory was .59 seconds.

“There was a little advantage to being out front,” said Elliott, who challenged for the lead over the final laps but came up just short.

Finishing third was Joe Gibbs Racing’s Kyle Busch, who was attempting to win his third straight Cup race.

Team Penske’s Ryan Blaney finished fourth while Denny Hamlin of JGR rounded out the top five.

Joey Logano, whose victory at Martinsville last October set up his Cup championship run, started from the pole and led five laps before he was bumped out of the lead by Team Penske teammate Keselowski. Once out front, Keselowski stayed out front as he led the next 319 laps.

Elliott became just the third driver to lead the race when he squeezed past Keselowski on the low side with 176 laps to go.

Keselowski re-captured the lead during yellow flag pit stops and never trailed again.

While Busch’s two-race Cup winning streak came to an end, he was able to leave Martinsville with his 201st win across NASCAR’s top three series as he won Saturday’s Truck Series race.

The winner of last year’s race, Clint Bowyer of Stewart-Haas Racing, twice was penalized for speeding on pit road but still wound up finishing seventh.

–Field Level Media

Source: OANN

0 0

Versum opens books, begins to warm to rival suitor Merck KGaA

FILE PHOTO: A logo of drugs and chemicals group Merck KGaA is pictured in Darmstadt
FILE PHOTO: A logo of drugs and chemicals group Merck KGaA is pictured in Darmstadt, Germany January 28, 2016. REUTERS/Ralph Orlowski/File Photo

March 29, 2019

(Reuters) – Versum Materials Inc has opened its books to suitor Merck KGaA, saying the German group’s unsolicited $5.9 billion offer might be sweetened and could edge out an agreed merger with Entegris.

“Merck’s proposal could reasonably be expected to result in a superior proposal” Versum cited its board as saying in a statement on Friday.

However, the U.S. firm again urged its shareholders to snub the hostile all-cash bid that Merck launched on Tuesday, adding its support for the tie-up with Entegris was unchanged for now.

The board “has authorized Versum’s management and its advisers to engage in further discussions with, and provide non-public information to, Merck,” the statement added.

Merck welcomed Versum’s move, but kept the pressure up by keeping the deadline and all other terms of its tender offer unchanged, and by urging Versum investors not to back the Entegris deal.

Versum, the former speciality chemicals division of industrial gases group Air Products, has opposed Merck’s bid since it was proposed last month, saying it was committed to the all-share merger with Entegris, agreed in January.

In a meeting between Versum Chairman Seifi Ghasemi and Merck CEO Stefan Oschmann on Thursday – under a limited waiver granted by Entegris – Oschmann hinted at a sweetened bid, Versum said.

“Mr. Oschmann conveyed the possibility that Merck would improve the terms of the offer” after due diligence, Versum said in filings.

Merck did not have an immediate comment on that.

The German group’s tender offer is the first major hostile bid by a German company for a U.S. target since BASF’s 2006 approach for catalytic converter maker Engelhard, which ended up an agreed deal.

The moves by Merck and Entegris are viewed by some analysts as an effort to seize on beaten down stock prices in the volatile semiconductor industry after demand for mobile devices slowed and prices for memory chips sank.

Versum, which makes chemicals for the semiconductor industry, saw its share price drop 27 percent last year.

(Reporting by Ludwig Burger in Frankfurt, Sanjana Shivdas and Tamara Mathias in Bengaluru; Editing by Arun Koyyur and Mark Potter)

Source: OANN

0 0

Gambino Crime Family Boss Assassinated Outside NYC Home

DNA Force Plus

Limited Advanced Release

149.95

99.50

With one of our most advanced formulas yet, DNA Force Plus is finally here. Focusing on overhauling your body's cellular engines and protecting them from reactive oxygen species, DNA Force Plus has one of the best combinations of antioxidants on the market.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=byhxx&utm_campaign=Widget+-+DNA+Force+Plus+-+33%25+Off+-+Finally+Back&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-DNAFP-Widget-33%25off

https://www.infowarsstore.com/dna-force-plus.html?ims=byhxx&utm_campaign=Widget+-+DNA+Force+Plus+-+33%25+Off+-+Finally+Back&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-DNAFP-Widget-33%25off

DNA Force Plus

149.95

99.50

With one of our most advanced formulas yet, DNA Force Plus is finally here. Focusing on overhauling your body's cellular engines and protecting them from reactive oxygen species, DNA Force Plus has one of the best combinations of antioxidants on the market.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=byhxx&utm_campaign=Widget+-+DNA+Force+Plus+-+33%25+Off+-+Finally+Back&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-DNAFP-Widget-33%25off

https://www.infowarsstore.com/dna-force-plus.html?ims=byhxx&utm_campaign=Widget+-+DNA+Force+Plus+-+33%25+Off+-+Finally+Back&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-DNAFP-Widget-33%25off

DNA Force Plus

149.95

99.50

With one of our most advanced formulas yet, DNA Force Plus is finally here. Focusing on overhauling your body's cellular engines and protecting them from reactive oxygen species, DNA Force Plus has one of the best combinations of antioxidants on the market.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=byhxx&utm_campaign=Widget+-+DNA+Force+Plus+-+33%25+Off+-+Finally+Back&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-DNAFP-Widget-33%25off

https://www.infowarsstore.com/dna-force-plus.html?ims=byhxx&utm_campaign=Widget+-+DNA+Force+Plus+-+33%25+Off+-+Finally+Back&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-DNAFP-Widget-33%25off

BodEase

59.95

29.95

This is the ultimate turmeric and inflammatory support product on the market.

https://www.infowars.com/wp-content/uploads/2016/02/bodease-210.jpg

https://www.infowarsstore.com/bodease.html?ims=vafom&utm_campaign=IW+Bodease+50%25+Off+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-Bodease-50%25-Widget

https://www.infowarsstore.com/bodease.html?ims=vafom&utm_campaign=IW+Bodease+50%25+Off+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-Bodease-50%25-Widget

BodEase

59.95

29.95

This is the ultimate turmeric and inflammatory support product on the market.

https://www.infowars.com/wp-content/uploads/2016/02/bodease-210.jpg

https://www.infowarsstore.com/bodease.html?ims=vafom&utm_campaign=IW+Bodease+50%25+Off+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-Bodease-50%25-Widget

https://www.infowarsstore.com/bodease.html?ims=vafom&utm_campaign=IW+Bodease+50%25+Off+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-Bodease-50%25-Widget

BodEase

59.95

29.95

This is the ultimate turmeric and inflammatory support product on the market.

https://www.infowars.com/wp-content/uploads/2016/02/bodease-210.jpg

https://www.infowarsstore.com/bodease.html?ims=vafom&utm_campaign=IW+Bodease+50%25+Off+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-Bodease-50%25-Widget

https://www.infowarsstore.com/bodease.html?ims=vafom&utm_campaign=IW+Bodease+50%25+Off+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-Bodease-50%25-Widget

Source: InfoWars

0 0

Spain vows to boost cybersecurity, fight disinformation

Spain's prime minister says whoever wins the upcoming general election in the country should launch a national cybersecurity plan to combat attempts to undermine democracy and citizens' trust in the political system.

The country's April 28 general election is seen as a testing ground for new measures that the European Union is adopting to shield elections to the European Parliament a month later.

"We need to protect Europe in order for Europe to be able to protect its citizens," Pedro Sánchez said Tuesday during a visit to the national institute for cybersecurity, or INCIBE, in the northern province of León.

Last month, Spain established a special high-level unit to coordinate the fight against cyberattacks and misinformation, which Sánchez says equates to attacks on "the quality of democracy."

Source: Fox News World

0 0

Michigan adoption agency reverses LGBT policy

A major faith-based foster care and adoption contractor for the state of Michigan said Monday it will place children in LGBT homes, reversing course following a recent legal settlement.

Grand Rapids-based Bethany Christian Services is responsible for about 8% of Michigan's more than 13,000 foster care and adoption cases involving children from troubled households.

"We are disappointed with how this settlement agreement has been implemented by the state government. Nonetheless, Bethany will continue operations in Michigan, in compliance with our legal contract requirements," the nonprofit said in a statement, confirming a policy change that was first reported by WGVU-FM.

Michigan Attorney General Dana Nessel, a Democrat, announced the settlement last month with same-sex couples who had sued in 2017. It prevents faith-based agencies from refusing to place children in LGBT households for religious reasons if it has accepted them for referral from the Michigan Department of Health and Human Services.

Lansing-based St. Vincent Catholic Charities challenged the deal in federal court last week, alleging violations of the U.S. Constitution and the federal Religious Freedom Restoration Act.

Of the faith-based agencies known to not serve LGBT couples or individuals in Michigan, Bethany does the most work for the state. The nonprofit was handling 1,159 cases as of February. Catholic Charities had 404 cases, or 3%, while St. Vincent had 80, or less than 1%.

State human services department spokesman Bob Wheaton said the agency was pleased it will "be able to continue its long-standing partnership with Bethany in providing services to children and families."

Nessel tweeted over the weekend that having more adoption agencies not discriminate results in "more children adopted into loving, nurturing 'forever' homes. Thank you to Bethany Christian Services."

As a private attorney, Nessel — who is a lesbian — successfully fought to overturn Michigan's ban on gay marriage.

On April 11, Bethany's national board of directors voted to change the policy. It applies only in Michigan, not to its operations in other states. The policy change also does not impact private adoptions, according to Bethany.

A 2015 Republican-enacted law says child-placement agencies are not required to provide any services that conflict with their sincerely held religious beliefs. But Nessel's settlement says the law does not apply if agencies are under contract with the state.

In its lawsuit , St. Vincent said it fears the state will not renew its contract in October because of the local nonprofit's religious beliefs and practices.

"If St. Vincent is unable to receive referrals from or contract with the State, it will be forced to close its foster care and adoption programs, ending a decades-old religious ministry and reducing the number of agencies available to serve families and children in need," the agency said in the complaint.

___

Follow Eggert on Twitter: https://twitter.com/DavidEggert00

Source: Fox News National

0 0

Exclusive: Deutsche Boerse nears $3.5 billion deal to buy Refinitiv’s FXall – sources

FILE PHOTO: The German share prize index (DAX) board is seen at the end of a trading day at the German stock exchange (Deutsche Boerse) in Frankfurt
FILE PHOTO: The German share prize index (DAX) board is seen at the end of a trading day at the German stock exchange (Deutsche Boerse) in Frankfurt, Germany, February 12, 2019. REUTERS/Kai Pfaffenbach

April 10, 2019

By David French, Andreas Framke and Arno Schuetze

NEW YORK/FRANKFURT (Reuters) – German stock exchange operator Deutsche Boerse AG is in advanced talks to buy FXall, a foreign exchange electronic trading platform owned by data provider Refinitiv, for about $3.5 billion, people familiar with the matter said on Wednesday.

The deal would further diversify Deutsche Boerse’s business beyond stock trading, while enabling Refinitiv to trim its debt pile following its acquisition last year by a consortium led by Blackstone Group LP in a $20-billion leveraged buyout.

If the negotiations conclude successfully, a deal could be announced as early as next week, the sources said, asking not to be identified because the matter is confidential.

Deutsche Borse declined to comment, while Refinitiv did not immediately respond to a request for comment.

FXall has more than 2,300 institutional clients who are trading foreign exchange on its platform, offering more than 500 different currency pairs through methods including on-the-spot trading, forward and option contracts, according to its website.

Deutsche Borse, operator of the Frankfurt Stock Exchange, has been seeking new avenues for growth, as the profitability of facilitating trades is eroded by new digital rivals and the rise of passive investment funds that track indices.

On Tuesday, Deutsche Borse announced it would buy risk management software provider Axioma for $850 million, with plans to merge it with its existing index business to create a new analytics firm.

Deutsche Boerse’s Global Head of FX, Carlo Koelzer, was quoted by the Handelsblatt business daily on Apr. 1 saying that the firm would be interested in buying FXall, should it ever come up for sale.

Blackstone acquired a 55-percent stake in Refinitiv last year from information provider Thomson Reuters Corp, the parent of Reuters News.

Thomson Reuters retains a 45 percent stake in Refinitiv, which provides financial information, security pricing, analytics, risk management and compliance support tools. Refinitiv took on $13.5 billion in debt as part of its leveraged buyout, according to Moody’s Investors Service Inc.

(Reporting by David French in New York and Andreas Framke and Arno Schuetze in Frankfurt; Editing by Nick Zieminski)

Source: OANN

NOW ON AIR
Now On Air

Liberty #MAGAOne Mix

Via MAGA One Mix

6:00 am 8:00 am



Britain's Chancellor of the Exchequer Philip Hammond looks on during an interview with Reuters at the British Ambassador's residence in Beijing
Britain’s Chancellor of the Exchequer Philip Hammond looks on during an interview with Reuters at the British Ambassador’s residence in Beijing, China April 26, 2019. REUTERS/Florence Lo/Pool

April 26, 2019

BEIJING (Reuters) – British finance minister Philip Hammond said on Friday that he had a “very constructive meeting” with his counterpart in the opposition Labour Party before leaving for Beijing and that he was optimistic about finding common ground.

Hammond, speaking on the sidelines of a summit on China’s Belt and Road initiative in Beijing, said talks with Labour aimed at finding a way forward on Brexit had not stalled.

“I’m optimistic that we will find common ground,” he said. “Both sides have got clear positions and both sides will have to compromise in order to reach an agreement.”

Hammond added that he absolutely did not favor a no deal exit from the European Union.

(Reporting by Ben Blanchard; editing by Darren Schuettler)

Source: OANN

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
Police secure the area where the body of a woman was discovered near the village of Orounta
Police secure the area where the body of a woman was discovered near the village of Orounta, Cyprus, April 25, 2019. REUTERS/Stefanos Kouratzis

April 26, 2019

NICOSIA (Reuters) – Cypriot police searched on Friday for more victims of a suspected serial killer, in a case which has shocked the Mediterranean island and exposed the authorities to charges of “criminal indifference” because the dead women were foreigners.

The main opposition party, the left-wing AKEL, called for the resignation of Cyprus’s justice minister and police chief.

Police were combing three different locations west of the capital Nicosia for victims of the suspected killer, a 35-year-old army officer who has been in detention for a week.

The bodies of three women, including two thought to be from the Philippines, have been recovered. Police sources said the suspect had indicated the location of the third body, found on Thursday, and had said the person was “either Indian or Nepali”.

Police said they were searching for a further four people, including two children, based on the suspect’s testimony.

“These women came here to earn a living, to help their families. They lived away from their families. And the earth swallowed them, nobody was interested,” AKEL lawmaker Irene Charalambides told Reuters.

“This killer will be judged by the court but the other big question is the criminal indifference shown by the others when the reports first surfaced. I believe, as does my party, that the justice minister and the police chief should resign. They are irrevocably exposed.”

Police have said they will investigate any perceived shortcomings in their handling of the case.

One person who did attempt to alert the authorities over the disappearances, a 70-year-old Cypriot citizen, said his motives were questioned by police.

The bodies of the two Filipino women reported missing in May and August 2018 were found in an abandoned mine shaft this month. Police discovered the body of the third woman at an army firing range about 14 km (9 miles) from the mine shaft.

Police are now searching for the six-year-old daughter of the first victim found, a Romanian mother who disappeared with her eight-year-old child in 2016, and a woman from the Phillipines who vanished in Dec. 2017.

The suspect has not been publicly named, in line with Cypriot legal practice.

A public vigil for the missing was planned later on Friday.

(Reporting By Michele Kambas; Editing by Gareth Jones)

Source: OANN

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
An employee looks up at goods at the Miniclipper Logistics warehouse in Leighton Buzzard
FILE PHOTO: An employee looks up at goods at the Miniclipper Logistics warehouse in Leighton Buzzard, Britain December 3, 2018. REUTERS/Simon Dawson

April 26, 2019

LONDON, April 26 – British factories stockpiled raw materials and goods ahead of Brexit at the fastest pace since records began in the 1950s, and they were increasingly downbeat about their prospects, a survey showed on Friday.

The Confederation of British Industry’s (CBI) quarterly survey of the manufacturing industry showed expectations for export orders in the next three months fell to their lowest level since mid-2009, when Britain was reeling from the global financial crisis.

The record pace of stockpiling recorded by the CBI was mirrored by the closely-watched IHS Markit/CIPS purchasing managers’ index published earlier this month.

(Reporting by Andy Bruce, editing by David Milliken)

Source: OANN

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
Malaysian Prime Minister Mahathir Mohamad speaks at the opening ceremony for the second Belt and Road Forum in Beijing
Malaysian Prime Minister Mahathir Mohamad speaks at the opening ceremony for the second Belt and Road Forum in Beijing, China April 26, 2019. REUTERS/Florence Lo

April 26, 2019

KUALA LUMPUR (Reuters) – Fewer than half of Malaysians approve of Prime Minister Mahathir Mohamad, an opinion poll showed on Friday, as concerns over rising costs and racial matters plague his administration nearly a year after taking office.

The survey, conducted in March by independent pollster Merdeka Center, showed that only 46 percent of voters surveyed were satisfied with Mahathir, a sharp drop from the 71 percent approval rating he received in August 2018.

Mahathir’s Pakatan Harapan coalition won a stunning election victory in May 2018, ending the previous government’s more than 60-year rule.

But his administration has since been criticized for failing to deliver on promised reforms and protecting the rights of majority ethnic Malay Muslims.

Of 1,204 survey respondents, 46 percent felt that the “country was headed in the wrong direction”, up from 24 percent in August 2018, the Merdeka Center said in a statement. Just 39 percent said they approved of the ruling government.

High living costs remained the top most concern among Malaysians, with just 40 percent satisfied with the government’s management of the economy, the survey showed.

It also showed mixed responses to Pakatan Harapan’s proposed reforms.

Some 69 percent opposed plans to abolish the death penalty, while respondents were sharply divided over proposals to lower the minimum voting age to 18, or to implement a sugar tax.

“In our opinion, the results appear to indicate a public that favors the status quo, and thus requires a robust and coordinated advocacy efforts in order to garner their acceptance of new measures,” Merdeka Center said.

The survey also found 23 percent of Malaysians were concerned over ethnic and religious matters.

Some groups representing Malays have expressed fear that affirmative-action policies favoring them in business, education and housing could be taken away and criticized the appointments of non-Muslims to key government posts.

Last November, the government reversed its pledge to ratify a UN convention against racial discrimination, after a backlash from Malay groups.

Earlier this month, Pakatan Harapan suffered its third successive loss in local elections since taking power, which has been seen as a further sign of waning public support.

Despite the decline, most Malaysians – 67 percent – agreed that Mahathir’s government should be given more time to fulfill its election promises, Merdeka Center said.

This included a majority of Malay voters who were largely more critical of the new administration, it added.

(Reporting by Rozanna Latiff; Editing by Nick Macfie)

Source: OANN

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
The German share price index DAX graph at the stock exchange in Frankfurt
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, April 25, 2019. REUTERS/Staff

April 26, 2019

By Medha Singh and Agamoni Ghosh

(Reuters) – European shares slipped on Friday after losses in heavyweight banks and Glencore outweighed gains in healthcare and auto stocks, while investors remained on the sidelines ahead of U.S. economic data for the first quarter.

The pan-European STOXX 600 index was down 0.1 percent by 0935 GMT, eyeing a modest loss at the end of a holiday-shortened week. Banks-heavy Italian and Spanish indices were laggards.

The banking index fell for a fourth day, at the end of a heavy earnings week for lenders.

Britain’s Royal Bank of Scotland tumbled after posting lower first quarter profit, hurt by intensifying competition and Brexit uncertainty, while its investment bank also registered poor returns.

Weakness in investment banking also dented Deutsche Bank’s quarterly trading revenue and sent its shares lower a day after the German bank abandoned merger talks with smaller rival Commerzbank.

“The current interest rate environment makes it challenging for banks to make proper earnings because of their intermediary function,” said Teeuwe Mevissen, senior market economist eurozone, at Rabobank.

Since the start of April, all country indexes were on pace to rise between 1.8 percent and 3.4 percent, their fourth month of gains, while Germany was strongly outperforming with 6 percent growth.

“For now the current sentiment is very cautious as markets wait for the first estimates of the U.S. GDP growth which could see a surprise,” Mevissen said.

U.S. economic data for the first-quarter is due at 1230 GMT. Growth worries outside the United States resurfaced this week after South Korea’s economy unexpectedly contracted at the start of the year and weak German business sentiment data for April also disappointed.

Among the biggest drags on the benchmark index in Europe were the basic resources sector and the oil and gas sector, weighed down by Britain’s Glencore and France’s Total, respectively.

Glencore dropped after reports that U.S authorities were investigating whether the company and its subsidiaries violated certain provisions of the commodity exchange act.

Energy major Total said its net profit for the first three months of the year fell compared with a year ago due to volatile oil prices and debt costs.

Chip stocks in the region including Siltronic, Ams and STMicroelectronics lost more than 1 percent after Intel Corp reduced its full-year revenue forecast, adding to concerns that an industry-wide slowdown could persist until the end of 2019.

Meanwhile, healthcare, which is also seen as a defensive sector, was a bright spot. It was helped by French drugmaker Sanofi after it returned to growth with higher profits and revenues for the first-quarter.

Luxembourg-based satellite operator SES led media stocks higher after it maintained its full-year outlook on the back of the company’s Networks division.

Automakers in the region rose 0.4 percent, led by Valeo’s 6 percent jump as the French parts maker said its performance would improve in the second half of the year.

Continental AG advanced after it backed its outlook for the year despite reporting a fall in first-quarter earnings.

Renault rose more than 3 percent as it clung to full-year targets and pursues merger talks with its Japanese partner Nissan.

(Reporting by Medha Singh and Agamoni Ghosh in Bengaluru; Editing by Gareth Jones and Elaine Hardcastle)

Source: OANN

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
Current track

Title

Artist