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Ted Cruz: Democrats ‘Fully Intend To Impeach The President’

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Johnson surges into lead at windy Hilton Head

PGA: RBC Heritage - Third Round
Apr 20, 2019; Hilton Head, SC, USA; Dustin Johnson tees off from seventh hole during the third round of the RBC Heritage golf tournament at Harbour Town Golf Links. Mandatory Credit: Joshua S. Kelly-USA TODAY Sports

April 20, 2019

(Reuters) – World number one Dustin Johnson overhauled halfway leader Shane Lowry to open up a one-stroke advantage after the third round of the windswept RBC Heritage in South Carolina on Saturday.

Johnson, a South Carolina native, shot a three-under 68 in trying conditions to end on 10-under 203, making his move with three consecutive birdies from the 13th and holding on to his lead despite dropping shots at 16 and 17.

Lowry’s lead evaporated with three bogeys on the back nine and he finished with an even-par 71, tied for second on nine-under along with Ian Poulter (67) and Rory Sabbatini (68) at Hilton Head Island’s Harbour Town Golf Links.

Six others were tied a shot further back on eight-under 205.

(Reporting by Gene Cherry in Salvo, North Carolina; Editing by Peter Rutherford)

Source: OANN

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Judge approves $350 million incentive program proposed by PG&E for 10,000 employees

FILE PHOTO: A PG&E truck carrying an American Flag drives past PG&E repair trucks in Paradise
FILE PHOTO: A PG&E truck carrying an American Flag drives past PG&E repair trucks in Paradise, California, U.S. November 21, 2018. REUTERS/Elijah Nouvelage

April 23, 2019

SAN FRANCISCO (Reuters) – A judge at a hearing on Tuesday approved a plan by PG&E Corp to pay up to $350 million in bonuses to 10,000 employees to spur them to help meet the bankrupt California power provider’s safety goals.

Judge Dennis Montali of the U.S. Bankruptcy Court in San Francisco said he would defer to the decision by PG&E’s management that the company needs to implement the bonus plan to carry out tasks such as clearing trees and branches around power lines to avert contact that triggers wildfires.

Montali at a hearing earlier this month had postponed making a decision on whether to approve the bonus plan, saying he needed the San Francisco-based company to better explain how the plan’s performance measures would affect payouts.

(Reporting by Jim Christie, Editing by Rosalba O’Brien)

Source: OANN

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Beto O'Rourke's 2020 bid draws mixed reactions in El Paso, Texas

Proper Printshop began printing the shirts as soon as they opened at 10 a.m. on Thursday.

The clothing featured phrases like “Beto 2020” with an image of the former El Paso, Texas, congressman wearing Old Glory sunglasses.

“It’s cool to know that someone from El Paso, a town like ours, can strive to do something that incredible,” designer Patrick Gabaldon said of Beto O’Rourke’s decision to enter the crowded field of Democratic presidential candidates.

WHY BETO O'ROURKE COULD BE DEMS' 2020 NOMINEE AGAINST TRUMP

Democratic presidential candidate Beto O'Rourke met with voters in Iowa, sharing his views on healthcare and climate change, among several issues.

Democratic presidential candidate Beto O'Rourke met with voters in Iowa, sharing his views on healthcare and climate change, among several issues. (Fox News)

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Gabaldon first created the images when O’Rourke was running for the Senate seat against incumbent Ted Cruz last year, a race that propelled O'Rourke into the national spotlight.

While he ultimately lost that midterm election to Cruz by a few percentage points, O’Rourke gained name recognition and became known for his fundraising prowess, raising an eye-popping $80 million during his run.

Though he initially said he wasn’t going to make a presidential run, O’Rourke reversed that decision, announcing in the wee hours of Thursday morning.

"Amy and I are happy to share with you that I'm running to serve you as the next president of the United States of America,” he said in a video.

By noon, several people had requested the shirts. Excitement among El Pasoans was growing.

WHO'S STILL ON THE FENCE FOR 2020? AFTER BETO, THESE DEMS COULD JUMP IN NEXT 

Proper Printshop made several shirts featuring O'Rourke, a few hours after the El Paso native announced his decision on social media. Several people have since requested the shirts. 

Proper Printshop made several shirts featuring O'Rourke, a few hours after the El Paso native announced his decision on social media. Several people have since requested the shirts.  (Fox News)

“I think he’s going to be a good run. I think he’ll do much better [than] our current president. And, I’m just a Democratic person. So he has my vote,” said Alan Zambrano.

O’Rourke was in Iowa for the first few stops along his campaign trail. He visited Keokuk, Fort Madison, Burlington, and Muscatine, rallying voters and sharing his views for the country.

He called for guaranteed, high-quality health care and action on climate change.

"This is our final chance, the scientists are absolutely unanimous on this, that we have no more than 12 years to take incredibly bold action on this crisis,” said O’Rourke.

Still, some are less than enthused about his run.

“I am not in support of him as a candidate. I believe that the Democrats have to sort out what they’re going to do. I believe that President Trump will continue as the president, and I wish Beto the best of luck,” said Steven Nagy.

Others say they have little faith in the political system at all.

O'Rourke gained national prominence last year while running for the Senate against Sen. Ted Cruz. He became known for his fund-raising prowess, though he ultimately lost the race. 

O'Rourke gained national prominence last year while running for the Senate against Sen. Ted Cruz. He became known for his fund-raising prowess, though he ultimately lost the race.  (Fox News)

“I’m disillusioned with the representation of the people. I feel that our political leaders are more representing the big business and money than the individuals themselves throughout the U.S,” said Tafari Nugent.

Though some say O’Rourke’s candidacy raises excitement among Texans, politics professor Todd Curry, from the University of Texas at El Paso, is wary of notions that the candidate could flip this red state.

“I still think we have to wait a few more election cycles until Texas is put into play,” said Curry.

O’Rourke is set to hold a kickoff rally in El Paso on March 30.

Source: Fox News Politics

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Clyburn: Fight Shifting From Mueller to Defending Obamacare

Now that special counsel Robert Mueller's investigation is concluded, it represents a "closed chapter," while the fight for Obamacare is a "new chapter," House Majority Whip James Clyburn said Tuesday.

However, the South Carolina Democrat stressed on CNN's "New Day" that his party's lawmakers will still investigate whether President Donald Trump obstructed justice at some point "down the road."

"I believe that the Mueller report has been done," Clyburn said. "This administration opened a new chapter when it moved to invalidate the Affordable Care Act."

Monday, the Trump administration said it thinks the entire ACA, or Obamacare, is unconstitutional through a filing with a federal appeals court in which the Justice Department said it agrees with a Texas federal judge's ruling invalidating the controversial law.

Healthcare is the " number one thing" on Americans' minds, said Clyburn.

"People are worried, especially in my part of the country about children being born with diabetes and how they are going to get health care," said Clyburn. "People are worried about themselves. Prostate cancer is prevalent in the low country of South Carolina. And breast cancer. How are they going to get medical treatment they need? For this administration to open the chapter, I think we have to reconnect our conversations with the American people."

He said he's spoken to House Judiciary Committee Chairman Jerry Nader, D-N.Y., and Oversight Committee Chairman Elijah Cummings, D-Md., and both will "get into" investigations concerning obstruction, but "it may be that [those investigations] are chapter five, six [in the story]. But let's get to chapter two and three at this point."

Source: NewsMax Politics

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Man wearing unicorn costume busted for armed robbery

A mythical crowbar-wielding unicorn has been captured in Maryland, officials say.

Jacob William Rogge is now under arrest after targeting a convenience store in Baldwin early Saturday morning while wearing a “full-body white and pink unicorn costume,” Baltimore County Police say.

While inside the store, Rogge used a crowbar to smash a cash register and made off with money and cigarettes, according to cops.

The 28-year-old then jumped into a getaway car allegedly driven by his accomplice, Joseph Philip Svezzese, 27. Police were able to track down the pair after following their vehicle -- which eventually lost control, swerved into oncoming traffic and crashed into a tree.

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Baltimore County Police say the unicorn costume “was discarded prior to the crash but later recovered by police off the side of the roadway in some bushes.” Evidence also reportedly was found tying both men to the convenience store heist.

As for Rogge and Svezzese, they are now each facing numerous charges, including armed robbery and theft. Rogge is still hospitalized in serious condition while Svezzese is being held without bail pending a review hearing.

Source: Fox News National

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California governor makes new proposals to fight wildfires, PG&E shares rise

FILE PHOTO: Governor of U.S. state of California Gavin Newsom visits the premises of a migrant assistance office in San Salvador
FILE PHOTO: Governor of U.S. state of California Gavin Newsom visits the premises of a migrant assistance office in San Salvador, El Salvador April 8, 2019. REUTERS/Jessica Orellana

April 12, 2019

(Reuters) – California Governor Gavin Newsom released a report on Friday calling for the creation of funds to fight wildfires and proposed that state law should be reformed to reduce liability of utilities, sending PG&E Corp up nearly 12 percent.

Newsom’s report calls for changing liability for wildfire damage to a fault-based system. The current system, known as inverse condemnation, exposes the state’s utilities to liabilities from wildfires regardless of their negligence, as long as their equipment is involved.

The current system pushed PG&E to seek bankruptcy protection in January, as it faced liabilities in excess of $30 billion related to the deadliest wildfires in California’s history.

“Under the status quo, all parties lose – wildfire survivors, energy consumers and Californians committed to addressing climate change. The imperative now is on action,” Newsom said.

The report proposed creating two funds to help utilities pay for wildfire damage claims and spread the cost more widely among stakeholders.

Shares of Edison International also rose 7 percent at $66.8.

Edison International is the parent company of the utility Southern California Edison Co. Earlier in March, investigators found that the devastating Thomas Fire in northwest of Los Angeles was sparked by power lines owned by SoCal.

(Reporting by Aishwarya Venugopal and Shanti Nair in Bengaluru; Editing by Shounak Dasgupta)

Source: OANN

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FILE PHOTO: Supporters of the Spain's far-right party VOX wave Spanish flags as they attend an electoral rally ahead of general elections in the Andalusian capital of Seville
FILE PHOTO: Supporters of the Spain’s far-right party VOX wave Spanish flags as they attend an electoral rally ahead of general elections in the Andalusian capital of Seville, Spain April 24, 2019. REUTERS/Marcelo del Pozo/File Photo

April 26, 2019

By John Stonestreet and Belén Carreño

MADRID (Reuters) – Spain’s Vox party, aligned to a broader far-right movement emerging across Europe, has become the focus of speculation about last minute shifts in voting intentions since official polling for Sunday’s national election ended four days ago.

No single party is anywhere near securing a majority, and chances of a deadlocked parliament and a second election are high.

Leaders of the five parties vying for a role in government get final chances to pitch for power at rallies on Friday evening, before a campaign characterized by appeals to voters’ hearts rather than wallets ends at midnight.

By tradition, the final day before a Spanish election is politics-free.

Two main prizes are still up for grabs in the home straight. One concerns which of the two rival left and right multi-party blocs gets more votes.

The other is whether Vox could challenge the mainstream conservative PP for leadership of the latter bloc, which media outlets with access to unofficial soundings taken since Monday suggest could be starting to happen.

The right’s loose three-party alliance is led by the PP, the traditional conservative party that has alternated in office with outgoing Prime Minister Pedro Sanchez’s Socialists since Spain’s return to democracy in the 1970s.

The PP stands at around 20 percent, with center-right Ciudadanos near 14 percent and Vox around 11 percent, according to a final poll of polls in daily El Pais published on Monday.

Since then, however, interest in Vox – which will become the first far-right party to sit in parliament since 1982 – has snowballed.

It was founded in 2013, part of a broader anti-establishment, far-right movement that has also spread across – among others – Italy, France and Germany.

While it is careful to distance itself from the ideology of late dictator Francisco Franco, Vox’s signature policies include repealing laws banning Franco-era symbols and on gender-based violence, and shifting power away from Spain’s regional governments.

TRENDING

According to a Google trends graphic, Vox has generated more than three times more search inquiries than any other Spanish political party in the past week.

Reasons could include a groundswell of vocal activist support at Vox rallies in Madrid and Valencia, and its exclusion from two televised debates between the main party leaders, on the grounds of it having no deputies yet in parliament.

Conservative daily La Vanguardia called its enforced absence from Monday’s and Tuesday’s debates “a gift from heaven”, while left-wing Eldiario.es suggested the PP was haemorrhaging votes to Vox in rural areas.

Ignacio Jurado, politics lecturer at the University of York, agreed the main source of additional Vox votes would be disaffected PP supporters, and called the debate ban – whose impact he said was unclear – wrong.

“This is a party polling over 10 percent and there are people interested in what it says. So we lose more than we win in not having them (in the debates),” he said

For Jose Fernandez-Albertos, political scientist at Spanish National Research Council CSIC, Vox is enjoying the novelty effect that propelled then new, left-wing arrival Podemos to 20 percent of the vote in 2015.

“While it’s unclear how to interpret the (Google) data, what we do know is that it’s better to be popular and to be a newcomer, and that Vox will benefit in some form,” he said.

For now, the chances of Vox taking a major role in government remain slim, however.

The El Pais survey put the Socialists on around 30 percent, making them the frontrunners and likely to form a leftist bloc with Podemos, back down at around 14 percent.

The unofficial soundings suggest little change in the two parties’ combined vote, or the total vote of the rightist bloc.

That makes it unlikely that either bloc will win a majority on Sunday, triggering horse-trading with smaller parties favoring Catalan independence – the single most polarizing issues during campaigning – that could easily collapse into fresh elections.

(Election graphic: https://tmsnrt.rs/2ENugtw)

(Reporting by John Stonestreet and Belen Carreno, Editing by William Maclean)

Source: OANN

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FILE PHOTO: The logo of the OPEC is seen at OPEC's headquarters in Vienna
FILE PHOTO: The logo of the Organisation of the Petroleum Exporting Countries at OPEC’s headquarters in Vienna, Austria December 5, 2018. REUTERS/Leonhard Foeger/File Photo

April 26, 2019

JOINT BASE ANDREWS, Md. (Reuters) – U.S. President Donald Trump said on Friday he called the Organization of the Petroleum Exporting Countries and told the cartel to lower oil prices.

“Gasoline prices are coming down. I called up OPEC, I said you’ve got to bring them down. You’ve got to bring them down,” Trump told reporters.

(Reporting by Roberta Rampton; Writing by Makini Brice; Editing by Chizu Nomiyama)

Source: OANN

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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)

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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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