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SMUGGLER TAUNTS: ‘Never been easier’ to sneak illegals into US

The crisis at the U.S.-Mexico border has gotten so bad that smugglers are bragging to the media about how much money they are making by sneaking illegal aliens into America.

While speaking with The Guardian, Germán, a client recruiter for human smugglers in Guatemala, boasted about how he has been making tens of thousands of dollars by smuggling illegal aliens into the U.S.

“It’s never been easier for us to get families in,” Germán said. “People want to leave, and we help them. And I happen to make money in the process.”

With migrant apprehensions at the U.S.-Mexico border reaching unprecedented levels, Germán essentially detailed how he’s made a business out of getting “family units” into the U.S. as “package deals” because he can make more money that way.

In order to help his chances of lining his own pockets, Germán said he and the other human smugglers also educate illegal aliens on how to seek out border agents and immediately request asylum to increase their chances of getting into the U.S.


Will Johnson presents a video and breaks down how the female, Mexican Trump supporter behind the camera, who goes by ‘Paloma For Trump’, was attacked at the Post Office by a deranged leftist simply for wearing her Make America Great Again hat.

Germán, who has apparently created an entire business model out of this, explained that he offers his “clients” a range of travel options for getting across Mexico.

His packages range from $7,800 to $11,000, but he claims he can get the price down if migrants are willing to take routes that are far more dangerous and deadly.

Those cheaper routes “are where you’re more likely to get robbed by organized crime, kidnapped, raped or killed for your organs,” Germán explained. “We don’t recommend those routes, but we give people their options.”

The business is apparently so lucrative that he bragged to the outlet about how he recently charged $2,600 per person to get 40 illegals into America.

This explosive report comes after CNN, perhaps accidentally, revealed how migrants are intentionally exploiting asylum laws to gain access into the U.S.

CNN’s Chris Cuomo recently went to the U.S.-Mexico border to speak with the “refugees” seeking asylum from Central American countries.

But when he actually spoke to these supposed “desperate” migrants, he quickly found out that droves of illegals aliens are exploiting the asylum system to get into America so they can get jobs.

While speaking with a man who said he came to the U.S. with his son, Cuomo posed one question: “Is he here to work, or is he here for asylum?”

“He wants to work, but if he gets asylum, he’s willing to ask for asylum,” an interpreter said to Cuomo after the migrant answered the question.

“Why did he take his kid to come here if it’s just to work?” Cuomo asked.

“It’s what you and I were talking about,” the interpreter said. “He said that if he comes here with his son, then he’s allowed to stay.”

This, among other factors, has pushed U.S. immigration agencies to their breaking point.

While speaking to reporters last week, Customs and Border Protection chief Kevin K. McAleenan revealed that apprehensions hit record highs in the months of February and March.

McAleenan warned that there is an “unprecedented humanitarian and border security crisis all along our Southwest Border.”

This massive surge in migrants being held at custody facilities as put an unprecedented strain on CBP.

Source: InfoWars

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For first time in a decade, U.S. companies could report lower profits on higher revenue

FILE PHOTO: A car waits to enter the financial district security zone near the New York Stock Exchange (NYSE) in New York City
FILE PHOTO: A car waits to enter the financial district security zone near the New York Stock Exchange (NYSE) in New York City, U.S., March 23, 2017. REUTERS/Brendan McDermid

April 9, 2019

By Caroline Valetkevitch

NEW YORK (Reuters) – Wall Street is bracing for large U.S. companies to report a decline in quarterly profits even after raking in higher revenues, something that has not happened in more than a decade.

S&P 500 companies due to report in the coming weeks face tough comparisons with last year, when the U.S. tax code overhaul helped boost profits by more than 20%.

But with rising costs, some resulting from tariffs, analysts see profit margins shrinking by 1.1 percentage point, the first year-over-year decline in at least two years, IBES data from Refinitiv showed.

“Companies are experiencing rising input costs as well as increases in labor costs from modestly rising wages,” said Kristina Hooper, chief global market strategist at Invesco in New York.

First-quarter earnings for S&P 500 companies are expected to fall 2.5% from a year earlier, which would mark the first quarterly U.S. decline since 2016. Revenue is meanwhile seen up 4.8%.

Costs for certain raw materials like aluminum have increased as the United States slapped tariffs on imports from China and other countries.

First-quarter earnings could be crucial to the bull market’s continued success, with some investors seeing them as the catalyst to either lift stocks to all-time highs or pour cold water on the rally.

Stocks have bounced back from a late-2018 selloff on optimism that the United State could seal a trade deal with China and expectations the Federal Reserve would not raise interest rates again any time soon.

Delta Air Lines Inc is due to report on Wednesday, while JPMorgan Chase & Co and Wells Fargo & Co report on Friday. Results from Netflix Inc and some big industrial names like Honeywell International Inc are expected next week.

DIVIDED OUTLOOK

The last time profits fell while revenue grew was the third quarter of 2008, in the depths of the financial crisis. Still, strategists appear divided on what the rest of the year holds for earnings.

It is also not unusual for S&P 500 companies to top analyst expectations.

Since 1994, S&P 500 earnings have beaten estimates by an average of 3.2%, based on Refinitiv data, and some strategists think the S&P 500 will end up posting growth for the first quarter.

And nearly 83% of earnings are beating analysts’ expectations so far this quarter, based on the 23 S&P 500 companies that have already reported.

“Earnings bars for the first quarter are so low companies are going to trip over them,” said Nick Raich, chief executive of The Earnings Scout, an independent research firm.

Projected sales growth through the rest of the year may also help investors look through any first-quarter margin dips.

“Revenue growth has been extremely stable throughout 2018 and is expected to remain so in the year ahead,” Jonathan Golub, chief U.S. equity strategist at Credit Suisse Securities in New York, wrote in a note on Monday.

“We believe that investors will focus on the breadth and consistency of top-line results, versus 1Q margin pressures,” wrote Golub.

WARNING SIGNS

Other strategists are more cautious. First-quarter results are likely to mark the start of an S&P 500 profit recession, defined as two consecutive quarters of earnings declines, according to Michael Wilson, Morgan Stanley’s equity strategist.

“Our earnings growth leading indicator suggests (the first quarter) won’t be the trough for this year,” Wilson wrote in a note.

Warning signs are coming from technology companies, with semiconductors, which have a large revenue exposure to China, seen among the most sensitive to the trade conflict.

Tech stocks have outperformed the broader market so far this year, but Wilson said the sector had the biggest percentage of companies missing fourth-quarter margin estimates even as the number of management comments on margin expansion reached new highs.

Year-over-year first-quarter earnings for S&P 500 tech companies are expected to fall 6.1%, according to Refinitiv.

Wilson said margin results will be important to watch, and that wage pressures appear to be rising. He noted that the number of mentions of labor costs during earnings calls in the last reporting period was the highest since 2005.

But first-quarter performance is expected to be uneven across sectors.

Profit margins are eroding for several heavily weighted companies including Apple Inc and Exxon Mobil Corp, but not across the board for S&P 500 companies, Golub said.

Despite a first-quarter surge, oil prices were still down from last year, and earnings from the S&P 500 energy sector are expected to drop 21.2%.

The rallying dollar will likely be a negative for U.S. multinational companies, whose foreign currency earnings are worth less when the dollar is stronger.

The dollar rose 6.2% on a trade-weighted basis in the quarter, its strongest performance on a year-over-year basis since the fourth quarter of 2015.

The dollar gains could mean a 2.4 percentage point drag on earnings in the quarter, said Binky Chadha, chief U.S. equity and global strategist and head of asset allocation at Deutsche Bank in New York. But, he said, that drag is likely to lessen from here.

(Reporting by Caroline Valetkevitch; additional reporting by Lewis Krauskopf in New York; Editing by Alden Bentley and Meredith Mazzilli)

Source: OANN

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Ex-boyfriend of Jessica Chambers killed in shooting: police

The former boyfriend of Jessica Chambers, the 19-year-old Mississippi woman who was burned to death in 2014, was killed in an early Friday morning shooting.

Travis Sanford, 33, was found with a gunshot wound near a home in the 400 block of Woodruff Street in Courtland around 7:30 a.m., police said.

Sanford was rushed to the hospital, where he died of his injuries, FOX 13 Memphis reported.

Travis Sanford, the ex-boyfriend of 19-year-old Jessica Chambers who was burned to death in 2014, was found dead outside a Mississippi home.

Travis Sanford, the ex-boyfriend of 19-year-old Jessica Chambers who was burned to death in 2014, was found dead outside a Mississippi home. (Facebook)

Panola County District Attorney John Champion told the Clarion-Ledger that Sanford was an ex-boyfriend to Chambers.

“It is the same person,” he said.

JESSICA CHAMBERS' NEIGHBOR RECALLS HEARING OF TEEN'S BURNING DEATH FOR THE FIRST TIME IN DOC: 'IT REALLY MADE ME CRINGE'

It was not immediately known if there was a motive for the shooting. FOX 13 reported two people are believed to be in custody in connection with Sanford's death.

On Dec. 6, 2014, 19-year-old Chambers was set on fire on a back road in Courtland, a town of about 500 in Panola County. She was found by first responders with burns over nearly her entire body. She died of her injuries at a Memphis hospital a day later.

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Quentin Tellis was charged with Chambers’ death. While he has been tried twice, both trials have ended in mistrials due to hung juries.

Sandford was incarcerated at the time of Chambers' death, the Clarion-Ledger reported.

Source: Fox News National

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Explosions in Afghan capital Kabul kill 6 during new year festival

A man removes broken glass from a window after multiple explosions in Kabul
A man removes broken glass from a window after multiple explosions in Kabul, Afghanistan, March 21, 2019. REUTERS/Parwiz

March 21, 2019

By Akram Walizada and Hameed Farzad

KABUL (Reuters) – Several explosions in the Afghan capital of Kabul on Thursday killed six people and wounded 23 in an attack during celebrations to mark the Persian new year, government spokesmen said.

The attacks came on Nowruz, an ancient Persian festival to mark the start of spring that is widely celebrated in Afghanistan but has also faced opposition from some hardline Islamists, who say it is un-Islamic.

There were conflicting reports about of the cause of the blasts near the Kart-e Sakhi shrine, in a heavily Shi’ite Muslim area in the west of Kabul.

An interior ministry spokesman said mortar bombs had been fired. The defense ministry said in a post on twitter that three rockets were fired at civilian homes and Nowruz gatherings.

There was no immediate claim of responsibility.

Broken windows and collapsed walls were visible on homes and shops near the blast site. Blood stained the side of the road.

“It was terrible,” said Sayed Samim Sadit, a shopkeeper, who said he and his family were unhurt. “We were all sitting in our home and all the glass blew in on us.”

Elderly resident Haji Rajab Ali said he saw two explosions in front of him and later awoke to find himself in hospital.

Afghanistan’s defense ministry said police had arrested Thursday’s attacker and secured the area.

The attack happened two weeks after a mortar attack on a Shi’ite Muslim gathering in Kabul that killed 11 people. Islamic State claimed responsibility for that attack.

Shi’ites are a minority group in Afghanistan and they have been repeatedly attacked by Sunni Muslim militant groups.

Violence has been relentless in Afghanistan even though Taliban militants are in talks with U.S. officials.

The latest round of talks wrapped up this month, with both sides citing progress, but no agreement to end the 17-year war.

The Taliban are fighting to expel foreign forces and to oust the Western-backed government of President Ashraf Ghani.

(Additional reporting by Rod Nickel and Hamid Shalizi in Kabul; Editing by Robert Birsel)

Source: OANN

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The Latest: France won’t offer Assange asylum unless asked

The Latest on WikiLeaks founder Julian Assange's arrest (all times local):

9:45 a.m.

France's government says it won't consider offering Julian Assange political asylum unless he asks for it.

Assange's French lawyer has appealed to French President Emmanuel Macron to intervene to bring the WikiLeaks founder from a London jail to France and help him avoid extradition to the United States.

Lawyer Juan Branco told The Associated Press on Thursday that Macron should offer mediation and to "take this man under our protection." He said Assange has a small child in France.

France's secretary of state for European affairs, Amelie de Montchalin, said Friday on France-Inter radio that while Europe has special measures to protect whistleblowers, France hasn't received a formal request from Assange. She said "we should listen to what he wants to do" but "we don't offer asylum to someone who's not asking for it."

Macron hasn't commented publicly.

Assange was arrested Thursday in London and faces U.S. charges related to WikiLeaks' publication of tens of thousands of classified government documents.

___

9 a.m.

The leader of Britain's opposition Labour Party says the government should oppose the extradition of Julian Assange to the United States.

Jeremy Corbyn said in a tweet that the U.S. is trying to extradite Assange because he exposed "evidence of atrocities in Iraq and Afghanistan."

Diane Abbott, Labour's spokeswoman for domestic affairs, told the BBC on Friday that the government should block the extradition on human rights grounds. Assange was arrested Thursday at the Ecuadorean embassy in London.

Abbott says the U.S. case against Assange is about the "embarrassment of the things he's revealed about the American military and security services."

She says Assange is "a whistleblower, and much of the information that he brought into the public domain, it could be argued, was very much in the public interest."

Source: Fox News World

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Rod Rosenstein says it’s ‘completely bizarre’ to say William Barr is ‘trying to mislead people’ on Mueller report

Deputy Attorney General Rod Rosenstein defended attorney general William Barr’s handling of the Mueller report, just days after Barr testified before a House appropriations subcommittee.

In his first interview since the Mueller investigation wrapped up, Rosenstein said that he believed it was strange to say the attorney general was misleading the public on the highly-anticipated report.

COMEY SCOFFS AT BARR TESTIMONY, CLAIMS ‘SURVEILLANCE’ IS NOT ‘SPYING’

“He’s being as forthcoming as he can, and so this notion that he’s trying to mislead people, I think is just completely bizarre,” Mr. Rosenstein told the Wall Street Journal.

“It would be one thing if you put out a letter and said, ‘I’m not going to give you the report,’” Rosenstein said. “What he said is, ‘Look, it’s going to take a while to process the report. In the meantime, people really want to know what’s in it. I’m going to give you the top-line conclusions.’ That’s all he was trying to do.”

The deputy attorney general called on the public to have “tremendous confidence” in Barr and declined to say how the review of the report was going.

MEDIA TAKE ISSUE WITH AG BARR FOR SAYING 'SPYING DID OCCUR' ON TRUMP CAMPAIGN

During hearings on Capitol Hill this week, Barr defended his decision to send a letter to Congress detailing Mueller’s principal conclusions because the public would not have tolerated waiting weeks for information. Mueller concluded his nearly two-year Russia investigation in late March and submitted the nearly 400-page confidential report to Barr.

The attorney general sent his four-page letter to Congress two days later.

Barr wrote in his letter that Mueller found no evidence of Trump-Russia collusion despite efforts by "Russian-affiliated individuals to assist the Trump campaign." He also said that Mueller had not exonerated President Trump on the issue of obstruction of justice.

Barr said on Tuesday a redacted version of Mueller’s report will be made public within a week.

Rosenstein, 54, told the Wall Street Journal he hopes to begin a new job toward the end of the summer. Earlier this year, Trump announced he will nominate Jeff Rosen to replace Rosenstein deputy attorney general. President Trump has threatened to fire Rosenstein, who said he stayed in his position at the Department of Justice “at Barr’s request” saying, “For me, it’s a real privilege.”

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Rosenstein’s comments come after Barr said in Capitol Hill testimony that “spying did occur” against the 2016 Trump campaign. Former FBI Director James Comey claimed he had no idea what the Justice Department leader was talking about.

“I have no idea what he’s talking about so it’s hard for me to comment,” Comey said. “When I hear that kind of language used, it’s concerning because the FBI and the Department of Justice conduct court-ordered electronic surveillance. I have never thought of that as spying.”

Fox News’ Gregg Re, Brooke Singman and The Associated Press contributed to this report.

Source: Fox News Politics

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New CEO of Walmart Japan and Seiyu says ‘not here to sell a business’

FILE PHOTO: Logos of Walmart and Seiyu are pictured at the headquarters office in Tokyo
FILE PHOTO: The logos of Walmart and Seiyu are pictured at the headquarters office in Tokyo, Japan July 12, 2018. REUTERS/Kim Kyung-Hoon

March 18, 2019

TOKYO (Reuters) – The newly appointed chief executive of Walmart Japan and Japanese supermarket chain Seiyu said on Monday he had no plan to sell the Japanese supermarket, following reports last year that Walmart was looking for a buyer.

“Absolutely not at all,” Lionel Desclee said when asked whether such a sale was likely. “I’m not here to sell a business.”

Japanese media reported last year that Walmart considered selling Seiyu, and that a sale could amount to around 300 billion to 500 billion yen ($2.69 billion to $4.48 billion).

(Reporting by Ritsuko Ando)

Source: OANN

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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

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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

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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

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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

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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

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