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Brazil’s Bolsonaro begins Israel visit with embassy decision pending

Israeli Prime Minister Benjamin Netanyahu gestures as he stands next to Brazilian President Jair Bolsonaro during a welcoming ceremony upon his arrival in Israel, at Ben Gurion International airport in Lod, near Tel Aviv, Israel
Israeli Prime Minister Benjamin Netanyahu gestures as he stands next to Brazilian President Jair Bolsonaro during a welcoming ceremony upon his arrival in Israel, at Ben Gurion International airport in Lod, near Tel Aviv, Israel March 31, 2019. REUTERS/Ronen Zvulun

March 31, 2019

JERUSALEM (Reuters) – Brazilian President Jair Bolsonaro began a visit to Israel on Sunday with a decision pending on fulfilling a promise to move his country’s embassy to Jerusalem, a policy change opposed by military officers in his cabinet.

The four-day visit by the far-right leader comes a week before Israel’s closely contested election in which the right-wing Prime Minister Benjamin Netanyahu is battling a popular centrist candidate and corruption allegations, which he denies.

“I love Israel,” Bolsonaro said in Hebrew at a welcoming ceremony, with Netanyahu at his side, at Tel Aviv’s Ben-Gurion airport.

Netanyahu said he and Bolsonaro would sign “many agreements”, including security deals, and that the Brazilian leader would visit Judaism’s holy Western Wall, “in Jerusalem, our eternal capital”.

A leading Israeli financial news website, Calcalist, reported on Sunday that Brazilian state-run oil firm Petrobras was considering bidding in a new tender to explore for oil and gas offshore Israel and a final decision would be announced during Bolsonaro’s visit.

Earlier this month, a Brazilian government official told Reuters no decision had been made on the embassy move, but “something will have to be said about the embassy during the trip”.

The official, who spoke on condition of anonymity, added that a formal announcement might not come during the visit.

Visiting Brazil for the Jan. 1 presidential inauguration, Netanyahu said Bolsonaro had told him that moving the Brazilian embassy in Israel to Jerusalem from Tel Aviv was a matter of “when, not if”.

Like Netanyahu, Bolsonaro is an outspoken admirer of U.S. President Donald Trump, who moved the U.S. embassy to Jerusalem last May, five months after breaking with international consensus and recognizing the city as Israel’s capital.

Bolsonaro also enjoys strong evangelical support at home. Netanyahu has courted U.S. evangelical leaders during his current decade in power.

But in an interview in February, Brazilian Vice President Hamilton Mourao, a retired army general, told Reuters that moving the embassy was a bad idea because it would hurt Brazil’s exports to Arab countries, including an estimated $5 billion in sales of halal food that comply with Muslim dietary laws.

Bolsonaro’s economic team and the country’s powerful farm lobby have advised against relocating the embassy to Jerusalem.

Israel captured East Jerusalem along with the West Bank and Gaza in the 1967 Middle East war. Palestinians seek to establish a state in the two territories, with East Jerusalem as its capital.

(Reporting by Jeffrey Heller; Additional reporting by Lisandra Paraguassu in Brasilia; Editing by Dale Hudson)

Source: OANN

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The Latest: France bans some yellow vest protests in Paris

The Latest on yellow vest protests in France (all times local):

5:20 p.m.

France's prime minister has announced a ban on yellow vest protests on Paris' Champs-Elysees avenue and in two other French cities following riots on Saturday that left luxury stores ransacked and charred from arson fires.

Prime Minister Edouard Philippe said the ban would apply for an unspecified period in the neighborhoods that have been "the most impacted" in the cities of Paris, Bordeaux and Toulouse where repeated destruction has occurred since the yellow vest protest movement began in November.

Philippe announced new security measures Monday following a meeting with French President Emmanuel Macron and top security officials aimed at avoiding a repeat of Saturday's violence, in which rioters set life-threatening fires, ransacked luxury stores and attacked police around the Champs-Elysees.

He also said Paris police chief Michel Delpuech will be replaced this week by prefect Didier Lallement.

___

8:40 p.m.

French President Emmanuel Macron summoned top security officials Monday after police failed to contain resurgent rioting during yellow vest protests that transformed a luxurious Paris avenue into a battle scene.

The prime minister promised to announce new measures later Monday to avoid a repeat of Saturday's violence, in which rioters set life-threatening fires, ransacked luxury stores and attacked police around the Champs-Elysees.

The new surge in violence came as the 4-month-old yellow vest movement demanding economic justice has been dwindling. Images of the destruction — including from a bank fire that engulfed a residential building and threatened the lives of a mother and child — could further erode public support.

High-end boutiques along the Champs-Elysees remained closed and boarded up Monday, some of them ransacked and charred from arson fires set by rioters.

Source: Fox News World

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Jordanian suspects appear in court over August attack

Fourteen suspected militants have appeared in a Jordanian court to face charges linked to an attack on security forces last August.

They were also charged with conspiring to commit terrorism and manufacturing explosives "for use in terrorist acts."

Judge Mohammad Afif announced the charges Monday and scheduled a hearing for next week. If convicted, some defendants could face the death penalty.

Lawyer Mousa al-Abdallat says the defendants pleaded not guilty. He says they were tortured during interrogation by intelligence agents.

Last August, assailants bombed a police van that was guarding a music festival in the predominantly Christian town of Fuheis, near the capital, Amman. The blast killed a police officer and prompted a manhunt that led to the deaths of five security officers and three suspected militants.

Source: Fox News World

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Judge orders mental review in SC police ambush shooting case

A judge has ordered a man who authorities say killed two police officers in an ambush from his upscale South Carolina home to have a mental examination.

Prosecutor Ed Clements asked for the examination Monday after 74-year-old Frederick Hopkins wrote to the Post and Courier newspaper of Charleston and blamed post-traumatic stress disorder from his time in Vietnam for the Oct. 3 shooting.

Authorities say Hopkins shot at police officers he knew were coming to his Florence home to question his son and serve a search warrant, continuing to shoot as others tried to save the wounded. Seven officers were struck.

News outlets report Judge Thomas Russo agreed with Clements' request for a gag order after an extensive Post and Courier article on the case.

Hopkins is charged with murder.

Source: Fox News National

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Indian PM: “Time for Talks is Over”

At least nine Indian troops and Kashmir militants died during a shootout on Monday, as tensions escalated following a suicide bombing attack that killed more than 40 Indian paramilitaries last week.

The fighting went on for several hours in the Pulwama district, south of India-administered Kashmir’s main city of Srinaga, where Indian soldiers were searching for militants tied to the Pakistan-based Islamist group Jaish-e-Mohammad (JeM), which claimed last week’s attack.

Four soldiers, a policeman, three militants and a civilian were killed in the latest clash, officials said. An army major was among the dead, along with three militants from the JeM group.

Security force sources told Reuters news agency that the suspected organizer of the suicide bombing in the disputed region of Kashmir was also killed, echoing reports from local broadcaster NDTV.

Dan Lyman joins Alex Jones to give a small taste of the massive, Islamic invasion happening across Europe.

‘The Time for Talks is Over’

India has blamed the suicide attack on Pakistan, which it says harbors the JeM group, and threatened a “jaw-breaking response.”

Pakistan has warned India against linking it to the attack without an investigation, saying that it was part of New Delhi’s “known rhetoric and tactics” to divert global attention from human rights violations in Kashmir.

Indian Prime Minister Narendra Modi on Monday rejected the possibility of talks with Pakistan following the deadly bombing.

“The Pulwama terror attack shows that the time for talks is over,” Modi said in a reference to a possible dialogue with Islamabad to ease tensions. “Now the entire world needs to unite to take concrete steps to deal with terrorism and supporters. Not taking strict measures against terrorism and those against humanity, also encourages terrorism.”

(Photo by Kremlin)

Saudi Arabia Aims to ‘De-Escalate’ Tensions

Meanwhile, Saudi Arabia said it would try to “de-escalate” rising tensions between Pakistan and India during a high-profile summit in Islamabad.

The kingdom’s foreign minister spoke at a press conference in Islamabad as Pakistan recalled its envoy from Delhi for “consultations.”

“Our objective is to try to de-escalate tensions between the two countries, neighboring countries, and to see if there is a path forward to resolving those differences peacefully,” said Saudi Foreign Minister Adel al-Jubeir.

India and Pakistan both administer parts of the border region of Kashmir, with both laying claim to more of the disputed territory. It’s one of the main disputes between the uneasy nuclear neighbors.

Owen Shroyer delivers commentary on the rise of “Trump Derangement Syndrome” in America.

Source: InfoWars

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In east Aleppo, bodies still under rubble show limits of Syria’s recovery

Girl carries a stack of bread on her head as she walks near rubble of damaged buildings in Aleppo's Kalasa district
A girl carries a stack of bread on her head as she walks near rubble of damaged buildings in Aleppo's Kalasa district, Syria April 12, 2019. REUTERS/Omar Sanadiki

April 25, 2019

By Angus McDowall

ALEPPO, Syria (Reuters) – The bodies of three-year-old Malak Kasas and two neighbors still lie under a pile of rubble in Aleppo’s Kalasa district more than two years after the Syrian government recaptured the area.

Malak’s grandfather, Omar, and uncle, Mahmoud, live in the building opposite. When they stand on the balcony, they see the collapsed building that is her tomb. Whenever Omar says her name he bursts into silent, convulsive, sobs.

The state’s failure to pull bodies from the rubble of east Aleppo points to the grim prospects for an area that, like many others in Syria, was held by rebel forces for much of the country’s eight-year-old conflict. The western part of the city has remained in government hands throughout the fighting.

The opposition has accused President Bashar al-Assad of withholding services from districts where the rebellion against him flared to punish residents, and in Kalasa there was little evidence of a big government effort to improve conditions.

The government blames the slow recovery, shortages and hardship on the war and Western sanctions. It has denied treating recaptured areas differently to ones that remained under its control throughout the war and has said it is working to restore normal services to all areas.

The conflict that has killed half a million people and displaced half of Syria’s pre-war population of 22 million continues, and Reuters could hear bombardments over several nights in Aleppo from a nearby frontline during a recent visit.

In Kalasa, recaptured in late 2016, there is no systematic reconstruction of residential areas. State services are minimal. Work to renovate war-damaged buildings is almost entirely done and paid for by local people, residents say.

Kalasa has no state electricity supply, charities dole out boxes of food aid to crowds waiting behind chains. As elsewhere in Syria, fuel shortages cause long lines at petrol stations and people rely on firewood for heat.

Some damaged buildings in Kalasa have recently collapsed, falling debris killed a man last year and the many large heaps of rubble in areas where children play in the street are covered in stinking rubbish, dead rats and swarming flies.

Kalasa’s situation is not unusual for east Aleppo – other districts toured by Reuters showed equally bad or worse conditions. The western part of the city has suffered less damage because the rebels had no air power.

In other cities, there also are no reports of widespread rebuilding or data to suggest it has started.

Ayad Batash, 35, a former soldier and builder who was optimistic about life in Kalasa when Reuters met him two years ago, said things had become much worse for his family with a fuel shortage and a lack of work.

“This year’s not like before. This year is worse. The economic situation is worse than before,” he said.

Two years ago, he had regular work and thought the electricity supply would soon resume. He expected to move back into his own apartment and thought his neighbors would return from life as refugees.

“If the situation continues like this, people won’t come back,” he said.

RUBBLE

Reuters journalists spent several days reporting in a small neighborhood of Kalasa that they also visited in 2017 after the government retook the area, interviewing dozens of residents including several they had met previously.

A government official accompanied Reuters at all times in Kalasa. Local people criticized the rebels that held the area from 2012 until 2016 but not Assad or his government.

The recapture of Aleppo, Syria’s second city, was a turning point in the war. In just one city center square, Reuters counted 18 posters of Assad.

Some things have improved since Reuters last visited this district two years ago. There is now piped water and some rubble, and debris blocking streets and alleys has been cleared.

More schools have opened, though they are crowded, and more government-subsidized bakeries operate in the area, though queues for bread are long.

Those considerations are scant comfort to the people of Kalasa. Omar Kasas no longer leaves his flat. He remembers the bombardment in September 2016 that killed his daughter Iman and her daughters Ayah, Mayas and Malak in the building opposite.

People dug out the bodies of Iman, Ayah and Mayas, and nine dead neighbors, but could not reach Malak or two other women. Since the government took the area, there has been no effort to shift the rubble or find the bodies, residents said.

FUEL SHORTAGES

For Ayad Batash, a government supporter with two brothers in the army, the fuel shortages have aggravated other problems. During a cold winter, his four children, aged between two and 10, had no way to keep warm but with blankets.

A neighbor, retired school worker Ahmad Zarka, 73, kept a stove going to keep warm. The black smoke that pours out of it has turned his white songbirds in a cage on the wall a sooty grey. Rationed gas supplies were not adequate, he said.

The Western districts of Aleppo receive state power supplies for several hours a day. In Kalasa the only source of power is private generators that run on rationed diesel fuel.

Snack bar owner Rabiah al-Najar said the cost of electricity for selling sandwich wraps ate up nearly half his weekly profits.

Batash blames the lack of electricity for the lack of work. Using diesel-powered generators during a fuel shortage can double the cost of a job renovating a damaged apartment, he said. “So the customer just delays the work,” he said.

Opposite a petrol station near Kalaseh, where 80 cars were lined two-deep along the road waiting for rationed fuel, men sat on the curb, their tools lying on upturned concrete blocks to advertise their services as laborers.

“We wait from 7.30 a.m. until about 1 p.m. Then we go home and there’s nothing to do until the next day,” said Mohammed Ahmedi, 53, one of three sitting together, smoking as they waited for a job. They had not worked in 10 days, he said.

FOOD QUEUES

Batash has also had little work over the winter, he said. He considered moving but believes things are little better elsewhere.

Every few weeks his family joins the crowd waiting behind a chain strung across a nearby alleyway to receive food aid from the World Food Program and a local charity.

Men and women queue separately, each clutching their green ration card, waiting for their number to be called to collect a cardboard box with salt, chickpeas, lentils, bulgur wheat, sugar, rice and cooking oil.

There are queues even for bread. At a Kalasa bakery, people had to wait more than half an hour to receive their flat loaves.

There is no official rationing for bread but the baker, Hamid Atiq, said he limited what he sold each person because he did not have enough flour or fuel to power his oven long enough to supply all that the neighborhood wanted.

His bakery is wedged between the rubble of several bomb sites, and a dead rat lay on the ground nearby as a crowd gathered round the service window jostling to be served.

On the other side of the main road is an area of ramshackle older houses of two or three storeys. Mohammed Ramadan Daha, 61, is frightened to sleep in his house there.

The house behind his collapsed recently. The one next door has a large crack running up the side. He fears his will collapse too.

“It’s terrifying,” Daha said.

(Editing by Timothy Heritage)

Source: OANN

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China will keep supporting economy as ‘pressure’ lingers: politburo

FILE PHOTO: Worker stands on the scaffolding at a construction site against a backdrop of residential buildings in Huaian
FILE PHOTO: A worker stands on the scaffolding at a construction site against a backdrop of residential buildings in Huaian, Jiangsu province, China October 18, 2018. REUTERS/Stringer/File Photo

April 19, 2019

BEIJING (Reuters) – China will maintain policy support for the economy, which still faces “downward pressure” and difficulties after better-than-expected first quarter growth, the Communist Party’s top decision-making body said on Friday.

The statement from the politburo came two days after China reported had steady 6.4 percent annual growth in January-March, defying expectations for a further slowdown, as industrial production jumped sharply and consumer demand showed signs of improvement.

“While fully affirming the achievements, we should clearly see that there are still many difficulties and problems in economic operations,” the official Xinhua news agency reported, citing a politburo meeting chaired by President Xi Jinping.

“The external economic environment is generally tightening and the domestic economy is under downward pressure.”

China will implement counter-cyclical adjustments “in a timely and appropriate manner”, while the pro-active fiscal policy will become more forceful and effective, and the prudent monetary policy will be neither too tight nor too loose, it said.

For this year, the government has unveiled tax and fee cuts amounting to 2 trillion yuan ($298.35 billion) to ease burdens on firms, while the central bank has cut banks’ reserve requirement ratios (RRR) five times since early 2018 to spur lending.

Further policy easing is widely expected.

On Friday, the politburo reiterated that the government will effectively support the private economy and the development of small- and medium-sized firms.Authorities will strike a balance between stabilizing economic growth, promoting reforms, controlling risks and improving people’s livelihoods, the politburo said.

China will push forward structural deleveraging and prevent speculation in the property market, it said.

“We should adhere to the orientation that houses are used for living, not for speculation,” the politburo said, reaffirming a city-based approach in controlling the property sector.

China’s economic growth is expected to slow to a near 30-year low of 6.2 percent this year, a Reuters poll showed last week, as sluggish demand at home and abroad weigh on activity despite a flurry of policy support measures.

(Reporting by Beijing Monitoring Desk and Kevin Yao; Editing by Richard Borsuk)

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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