welcome to "street signs." i'm louisa bojesen. these are your headlines this morning. shares in credit suisse trading sharply higher as it announces a 4 billion swiss franc capital hike after posting the best quarterly profit since starting its restructuring plan under ceo tidjane thiam. >> it was always the plan to raise the ipo. at the time the company was in a

much different situation. santander gets a brazilian boost as the spanish bank sees profit rise 14% in the first quarter, showing strength in south america. kering shares hit an all-time high after the gucci owner reports a 28% rise in comparable sales for the first quarter. daimler shares shifting up a gear. they lift guidance with strong mercedes sales, helping to double profits. good morning. welcome. glad you're with us for "street signs" over the course of the next hour. we have a lot to talk about. we see quite a few great stoke moves. when it comes to the european markets, we're being called higher when marketed opened, and now on the mixed side with the ftse, the xetra dax and the

minute lower, the cac just delicately bucking the trend there. a bit higher after we saw the election results coming through after this weekend. when it comes to the sectors out there, to the upside you're seeing buying into the likes of chemicals, household goods. to the down tidside, banks, rea estate and autos. we will talk to the ceo of santander in about six minutes time. but one of the biggest stories this morning shares in credit suisse sharply higher after announcing the best quarterly profit since the restructuring plan under tidjane thiam. shares are up 3%. carolin is there with more.

it does look miserable where you are, but not miserable for credit suisse. >> not miserable for credit suisse, and, yes, it is snowing here in zurich. let's get back to credit suisse. the two takeaways are earnings are better than expected for what we saw was a very strong first quarter based on strong fixed income trading with credit revenues up by more than 120%. and on the other hand, final lit news is out when it comes to na parts of its swiss business. no, it's going for a straight capital hike to the tune of 4 billion swiss francs. the ceo told me why. >> if we go back to 2015, what we said was that we needed 9 billion to 11 billion total. we raised six in the first capital raise. we generated another 1 billion from various internal measures, and we always said we had a 2 to

4 gap to fill. i want to insist it was always the intention of credit suisse to raise 2 to 4 billion in 2017. the question then was how. and we said that we had an option to do that, the ipo of the swiss business. at the time the company was in a much different situation. this strategy we had designed was only a concept. now it's been in action for five quarters. people can see the results in terms of growth, return on capital is higher in every business. so this improvement makes the capital from the outside much more possible. we always knew the ipo had downsides. we always knew that. but at the time it was a good way to deal with the 2 billion to 4 billion gap which we couldn't fill because we couldn't at that time.

looking at it now, having also resolved the doj, which was a big cloud a big uncertainty, could have had an outcome several billions down or up, but clarification in january has allowed to us look at our capital with much more certainty, and in that contest the straight capital raise issue is much more dilutetiive for shareholders, and we can keep 100% of the business. >> do you think this will once and for all remove all doubts, all questions around your company's capital base? >> i don't think you'll find ever a ceo who answers yes to that. but i think it removes uncertainty for the foreseeable future and for all reasonability scenarios. >> yes i do admit it's a curious share price reaction, when a company announces a capital hike, you usually see a drop in the stock, but according to news

out there, this price has already been factored in. credit suisse shares have tracked deutsche bank lower, and you would think the same would be credit suisse. one of the reasons the stock has been an underperformer is not just questions about capital and restructuring but also the political premiums that investors have attached to banking stocks in general. i would argue that some of this has been removed as of last sunday. so i asked tidjane thiam what sort of relief he felt after the election result in the frefrnl preside french presidential elections. what we see is much more confidence in the clients. the outcome that was feared at one point was a melenchon/le pen second round, which i didn't think likely but was very much

in the market. that relief has helped sentimen numbers which are up over 90%. what we have in the first quarter is low volatility, lower credit spreads, that has led to assurance which we have benefited. 130% up in credit, which is a great number. >> the focus now shifting towards the company's very contentious agm on friday. there's been plenty of shareholder revolt over the massive pay package. as a result of that two weeks ago tidjane thiam suggested he cut the bonus pool for the executive board and himself by 40%. will that be enough for shareholders to pass or give a pass to the pay report? that's the key question for friday. back over to you. ♪ times it snows in april it is snowing.

it's nuts. >> i know. it's crazy. >> i can't feel my hands or feet. >> carolin, put your hands and feet in a cup of hot cocoa, we'll talk soon again. thank you. now we'll have that song on our minds the rest of the day. moving on, shares of hand handelsbanken are under pressure. numbers were boosted by lower than expected loan losses and cost reductions. joining us is the ceo of handelsbanken. good morning, anders. i see an 8% rise in operating profits, cost cutting helping us along. how would you characterize this earnings season? >> i think we are pleased with the q1 development.

we can see that our branch and banking model continues to bear fruits. we're growing in all our home markets. and we saw this has been a trend for quite awhile now. the fee income is up. i think it's a solid quarter. as you said with very low credit losses. >> i'm looking at net interest income. when i look at the income included for mortgages as well, rising by 4%, but still a bit lower than anticipated given that this is such an important part of your business, how do you characterize this? >> i think you got to weigh into that analysis, increased government fees which are deducted from that interest. when we look at net interest income, since the beginning of last year, the first quarter of last year and this year is up 7%. that's half a billion krones on the quarter. >> total expenses down by 12%.

i know you're working to improve efficiency. what does this mainly entail? >> there are some one-offs in those. so it's not -- if we look at the underlying cost trend, it's not quite that much. but we do see that the restructuring program that we launched in sweden a year ago is bearing fruits. the costs are going down and efficiencies are up in the organization. our cost income ratio is at the low level, now 44%, just over 44%. >> and then i look at capitalization. because when the common tier one equity ratio used to be 7%, 8%, and i recall talking about it as being a healthy level in those days, and now yours being 23.8% as opposed to 22.7 year on year, i scratch my head and wonder when is enough enough. >> well, i mean, it's

interesting putting it in that perspective. a lot has changed since those days. if we look at the requirement for the regulators, our estimate is 21.3. so the world has changed. nonetheless we are 3 1/2 percentage points above that, so the bank is in a strong capital situation, no doubt about that. same goes with the liquidity ratios if we look at those closer. spoke to somebody who is an expert on risk a while earlier. he was saying the risk environment will become tougher, especially with new measures being pushed through for the banks. in terms of navigating this new risk environment, how much more difficult will it become for you? >> we always had the view at handelsbanken that taking on undue risk is not a good business idea. so we always had a very, very conservative view on risk in the banks. so i think that suits us well.

we are very well prepared for, you know, difficult scenarios going forward. if we look back in the past, handelsbanken has done particularly welcome paired to competitors when they operated in the environment that is the most difficult. >> so you're not worried about the capital requirement directive? >> i think we are well prepared. having low-risks is a good business strategist. >> anders, thank you very much. anders bouvin, the ceo of handelsbanken. shares in capgemini have been reported higher after a 2.8% increase year on year. joining us from paris is the cfo at capgemini. i see your press release this morning saying that you started

the year on solid footing. what is the main revenue growth driver? >> currently continental europe. we have good investment in technology in continental europe and that is boosting our growth. we also start to have ab n improving picture in north america, where we had a difficult end of the year, and we expect to get back to growth starting in the second quarter. >> what is driving that change in the states? >> in north america we have done quite a few changes. we had been heavily impacted by our large exposure to the shale gas business for the last couple of years. this business is improving. it's stabilizing. that is giving us a boost. beyond that is our big investment in digital and cloud, that is spinning off our digital

and cloud business, that's growing by 24% year-on-year. and it's almost now one-third of our revenues. that's the big engine of growth for the next two, three years. >> your financial services and manufacturing industries account for half of your revenue. where in particular are you seeing changes to this growth pattern? which particular geographic environment at the moment? >> if you look at financial services, definitely our two strong segments, one side is in retail banking, the other side in general insurance and property and casualty insurance. beyond that, from a geographic perspective, it's broad based. we continue to have good fraction in the uk. continental europe is doing well. especially france. but also sweden. north america is doing extremely

well. the asia pacific business has been growing at 15, 20% for years now. it's broad based investment in terms of trying to improve competitiveness overall. but beyond that, in the last two years, big acceleration in digital investment across banking and insurance. >> sure. >> in the manufacturing -- go ahead. >> in the manufacturing sector, it's really a lot of investment in digital. both including digital manufacturing, we have won a number of large deals around product live sife cycle that is helping the digital transfor mrags transformation of the digital company. >> for novices, such as myself, this digital transformation cycle, where are we in it? when you look across companies, and you look at the companies that need help versus those who have already gone through a lot of that change, is it a majority

of companies that still need to transform? are we somewhere in the middle? how would you describe it? >> we are at the beginning of the cycle. for me, we talk about the revolution. it's the betterment of technology in product and services which is something that started only in the last few years. we have seen that for a long time in financial services, because you don't have a credit card. you don't have a mortgage product or an equity product without technology. in most other industries, technology has been primarily used to run more efficiently, manufacturing, logistics, hr. and we see technology being embedded in product and services across industries. that for me is a digital revolution and we're just at the beginning of it. >> good to see you as always. thank you very much. now, guys, i'm a bit irritated with you. you know me well enough by now,

you need to get your questions and comments in early enough so i can use them on the show. no use sending them through late after the show has ended like you did yesterday. send them through nice and early today. you can find us on twitter, @louisabojesen or on e-mail, streetsignseurope@cnbc.com. coming up on the show, a luxury lift, lvmh shares surge to a record high. we hear from the ceo on the christian dior deal after the break.

hi everybody, welcome back. you're watching "street signs." kering shares hit an all-time high after the luxury retailer reported a 28% rise in first quarter sales with the stock seeing its best single day performance in 1 1/2 years.

shares of lvmh also hit a record high, that on the back of the announcement we talked about yesterday by the ceo that he will be combining the wristench dior brand into the luxury goods empire. they will become a single company now. bernard arnault spoke to cnbc and offered his thoughts on the macron win in the first round of the presidential election. >> i'm confident that emanuel macron will win the election and we'll be in a strong position and that france will be considered as a very potential -- full of potential country for economies. the policy of emanuel macron is in favor of enterprises, of private sector, and i think he believes to grow a country, to

fight against unemployment, you have to pusht priva the private. i'm sure with him the level of unemployment will go down in france. joining me now is richard jeffrey, chief investment officer at casanov capital. we heard about the lvmh deal, and the political view the. does the french election change anything you do in europe? >> i don't think it does. there is still uncertainty around. one of the messages around from last year in the political events in the uk and in the united states, it's important to separate your political thinking and your political views from your strategic thinking about what will happen in financial markets or what will happen in underlying economies. that they are very different things. you can get easily distracted by political events.

markets certainly have been distracted by political events. >> is there a trade? we still got the second round, the italian elections, nowhere near wrapping up brexit. >> always with the benefit of hindsight there is a trade. and some people will have done reasonably well out of the french elections, which pretty much went according to the opinion polls. now we got the second round to come. there could be a surprise there, but it's unlikely. i think the markets built in what they anticipate will be the result. i think behind that, what is more interesting what is driving markets, signs that actually the european economy is just gradually gaining momentum. let's not get too excited about this. we're not getting back into really exciting growth times. but there is a momentum, that is showing through in corporate performance, corporate profitability. that's a decent back drop for equity markets. >> i will be doing an extra show

on the ecb tomorrow with the rate decision out. no change anticipated. do you think the ecb will be taking cues from the economy and think about tapering here at some point towards the end of the year? could they starting to sound a lot more hawkish on the environment? >> i think the ecb will be cautious. it's a much more political animal, i think, than some other central banks. they're all influenced by politics, but the ecb is much more influenced than others. they will be careful in what they say. there are signs of better growth coming through, but it doesn't want to cut those off too quickly. i'm not sure we'll hear much from the ecb. but the pressure is off the ecb to do anything in addition. a year ago, two years ago, there was pressure to take more action, do more. try to pump more money in. i think we're reaching a turning

point for central bank policy. we're through that turning point in the states. even in europe i think -- the next thoughts are going to start to shift towards what happens in the next phase of monetary policy? it's not further ooez ieasing? >> what does happen? >> we need to start normalizing. we have to say what happens in the early stages of the normalization process? do you suddenly put the brakes on growth? you probably won't. that's the key. it will give confidence to other central banks. >> richard, thank you very much for being with us. richard jeffrey, chief investment officer for cazenove capital. look at our blog, there's all sorts golf information on there all day long. you can find us on twitt twitter @louisabojesen. we will be back after the break. for you fx heads, stay tuned. we'll talk about the currency markets.

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hi everyone. welcome back. you're still watching "street signs." i'm louisa bojesen. these are your headlines this morning. shares in credit suisse trading sharply higher as it announces a 4 billion swiss franc capital hike after posting the best quarterly profit since starting its restructuring plan under ceo tidjane thiam. >> was always the intention to raise 2 to 4 billion in 2017 in

the ipo of the swiss business. at the time the company was in a much different situation. santander gets a brazilian boost as the spanish bank sees profit rise 14% in the first quarter, showing strength in south america. kering shares hit an all-time high after the gucci owner reports a 28% rise in comparable sales for the first quarter. daimler lifts its guidance as strong mercedes sales help to double profits. welcome back. still early morning trade in europe. we've been open for around an hour and a half or so. u.s. futures and how we're shaping up for business in the states. the implied open on the right-hand side of the screen. yesterday a super important day for some of you. we saw a strong finish in the

states. the nasdaq hitting a record high. it was more than that, but it hit this massive milestone going through the 6,000 level. so that is something a lot of you technical analysts have been looking at. the dow and the s&p flirting with recent highs as well. we were helped along by the strong earnings season. we've seen more earnings outpacing expectations versus not. that's what's going on when looking at the u.s. market open in europe. we're slightly mixed. still just sitting tight looking at some of these numbers trickling through. just picking up standard chartered. first quarter profits before tax of $1 billion even. impairment losses on loans and advances at 58%. looking at first quarter income of 6$6.3 billion. they say competition remains intense but they continue to see opportunities with clients. they're investing in areas of competitive strength and remain

focused on delivering sustainable growth in income. loan impairments, again just more details trickling through of 198 million. it was 5 % l8% lower than last . 71% lower than the previous quarter. standard chartered's cet-1 ratio at 17.8. he was reading a piece on start dand cha standard chartered on how they invested a lot to be more nimble in regards to management, and this particular site thinks they have strong growth prospects in asia, china. we are just getting these numbers through. first quarter profit before tax, $1 billion. the european equity markets, slightly mixed this morning. we were called higher.

the xetra dax and minute minuft just a bit. so mixed results after the first round of the french elections. the second round may 7th. in the states, president trump will be outlining his big tax plan later on today with an expected reduction in the corporate rate from 35% to 15% grabbing headlines. the tax reduction may result in an expansion of the country's deficit with some fiscal hawks criticizing the strategy. nbc's peter alexander has all the details. >> the wall will get built, folks, in case anybody has any question, the wall will get built. >> reporter: tonight, president trump digging in, vowing his highly controversial border wall with mexico will be built by the end of his first term. >> reporter: in your first term? >> well, certainly going to -- yeah, sure. we have plenty of time.

>> reporter: the president insisting his position hasn't changed, but he is backing away from his demand that a billion dollar down payment to build that wall be included in an emergency spending bill that must be passed this week to avoid a government shutdown. tonight, the republicans new spending plan doesn't include money for wall construction making the odds of the shutdown that much lower. >> the fact that the wall is now off the table, americans should breathe a huge sigh of relief. >> nasdaq above 6,000 for the first time in history. >> reporter: with wall street booming, the president is preparing to unveil his brand-new tax reform plan tomorrow slashing the corporate rate from 35% to 15%. >> a rate reduction that high will cost above $2 trillion. and without a plan to pay for it, that will explode the debt. >> reporter: how to pay for that tax cut is still a major sticking point. house speaker paul ryan's proposal for a new border tax on imports getting poor reviews at the white house.

and being floated, removing the tax break to contributions to 401(k) retirement plans. republican leaders in both the house and senate not ruling it out, arguing their goal is to increase the number of americans saving. but tonight skeptics caution major changes to 401(k) plans could discourage savings and put americans' future retirement security in danger. peter alexander, nbc news, the white house. the canadian prime minister, justin trudeau, has vowed to defend his country's lumber industry after the u.s. said it would impose import tariffs on its neighbor. trudeau suggested the quote was baseless allegations made by washington that canada was taking advantage of the u.s. adding that any decision to impose tariffs would be unfair. the canadian dollar at its lowest level no more than a year on this particular news. we're joined by steven barrow. so, the u.s. announcing new duties. an average 20% towards canadian

lumber? is that what's going on? >> yes. the duty ranges from 3% to 24%, but average at 20%. is it disastrous for canada in terms of the amount of exports that it affects? it's not. but it's symbolic. not just as far as trade relations with canada are concerned, but probably also on a global basis as well. the u.s. -- is the u.s. going to continue to go after other countries that it feels imposed duties or in this case allows subsidies for canadian lumber. will it go after those countries? i suspect it will. you see this filtering through. the canadian dollar is weaker. but other countries have seen currencies fall a bit. new zealand and australia and countries that could be drawn into this in the future. >> the canadian dollar again around four-month lows at the moment. how much lower could it possibly

move on this? is the four-month low, is that it then it will start to recover? >> i suspect it will rovary bec bit on this particular story. it's not a huge number in terms of canadian exports. another issue is that it almost reflects this flip-flop presidency we seem to have in the u.s., which because when we had the preelection, we had the discussion about nafta, trump saying we're going after mexico, canada is okay. don't you worry much about this. and then we get this duty imposed, which canada is going to react against quite significantly. we wait to see whether there's more to come with respect to canada and other countries. >> then we have the incredible

tax plan, we anticipate a slash in the corporate tax rate, do you think it will do anything with regard to dollar trade? will there be dollar trade reaction? >> probably not in the sense that a lot of this is well anticipated. but there's a couple of things. first the tax idea in paul ryan's plan that is in congress at the moment, that's not going to be included. a lot of people were thinking if that is included, that could boost the dollar. that's gone. at the same time we have this potential lowering of tax on foreign earnings. that to a lower rate than the corporate tax proposal. down to 10% from 15%. that's 2$2.5 trillion that larg u.s. companies are holding off shore. some of that may be held in

dollars, if it's repatriated it doesn't make a difference. but potentially a reflow back to the u.s. could be quite substantial. it's obviously early days. but if you were to say is the tax plan likely to lift the dollar if it were to go through or reduce the dollar if it were to go through, i think the initial reaction would be to strengthen the dollar. >> i feel like we're driven once again by the geopolitical environment in terms of risk on or risk off. we've gone through it being market driven, central bank driven, earnings driven, now it's kind of politicians are saying and doing is pasturing. which environment are we in now? we're looking at the yen sagging a bit. people have taken safe havens off the table for the time being. is that going to change? >> i suspect with the passing of the french elections, presuming we don't get surprises in the

second round, we may move away from politics a bit. depends a bit on the italian elections, they're not until march next year or earlier, but let's assume they're next year not this year. and we assume the uk election goes as polls predict, then we shift back to economics. for the moment that's beneficial for the euro. we expect a weak gdp report. the eurozone momentum seems to be improving. in terms of euro/dollar the near-term target has to be in the 110, 115 range that we've been in for two years. i think we're moving into the top half of that range over the next few months. >> i'm doing a special ecb program tomorrow. super exciting. do we think they could be delicately warning us of some stimulus easing to come?

>> i think that's -- the impact of monetary policy on currencies is a strange one in some respects. i say we have diminishing marginal returns. once the central bank gets into a tightening cycle and rate hikes are anticipated, then the impact on the dollar tends to lessen. when the dollar rallied aggressively with respect to the fed, it was around the tapering argument and the early days of that shift in monetary policy, well before interest rates started to go up. we see the same thing with the euro. the euro won't necessarily rise when the ecb gets into rate hikes, which could be a good year or two ahead. it will start to rise as we get more talk of this ecb coming out and moving towards a more normal policy, that may be at this stage.

certainly by december the ecb will talk about scaling back qe, and that probably will be the policy point for the euro, maybe more so than when rates actually start to go up. >> it is a weird one. we give support, rally, take support away. >> it's dim minuinishing return monetary policy. the longer this goes on, the less it tends to effect the currency. you get to a point once the market looks for the top of the hill in rates, the next valley beyond, that's the point at which the currency starts to go down again. >> we have to go. thank you very much. steven bar row, head of g10 research at standard advisory london. good morning, masud, ben, dr. sean, good to have you with us. the london stock exchange is saying it's actively exploring m&a opportunities after the chance of the planned merger

with deutsche bersa. first quarter revenues jumped 18% year-on-year, but the capital markets revenue fell 4% on a constant surnt rcurrency b. shares hit a record high in trade today. david davis -- let me grab the flash here. we just glancing at what is going on in cable at the moment. mr. davis, the uk brexit negotiator saying that he's favoring an intelligent approach to regulation in the future. these are comments just hitting the wires. a u.s. judge blocked donald trump's executive order aimed at withholding federal funds from so-called sanctuary cities as the president's efforts to toughen up the immigration

enforcement takes another blow. the judge said the order would be challenged as unconstitutional. the white house slammed the decision as a gift to the criminal gang and cartel element in our country. russia and its connections to the president's former national security adviser moved to the front burner once again in washington after a house committee revealed that general michael flynn failed to disclose payments from russia potentially breaking the law. nbc news white house correspondent kristen welker has details. >> reporter: closing in on the 100-day mark, tonight, the trump administration forced to revisit a controversy from day 23. that's when general michael flynn was fired as national security advisor. now the white house under fire for not turning over to congress information about flynn's business ties to russia. >> the white house has refused to provide this committee with a single piece of paper in response to our bipartisan request.

>> reporter: the committee says flynn may have broken federal law by not asking permission or disclosing that in 2015 he was paid nearly $34,000 to attend this dinner for a pro-putin russian television station, nor did flynn disclose his firm was paid more than $500,000 to lobby for the turkish government. nbc's kasie hunt speaking to the republican chair of the oversight committee. >> reporter: do you think michael flynn broke the law? >> it doesn't appear as if he complied with the law. >> reporter: tonight, the white house saying most of the requested documents were handled under the obama administration. >> to ask the white house to produce documents that were not in the possession of the white house is ridiculous. >> reporter: michael flynn was fired in february for lying to the vice president about a conversation with the russian ambassador. these new revelations come as flynn is already a focus of two separate congressional investigations and an fbi probe into possible ties between the trump campaign and russia. >> the fact that mike flynn did not fill out his disclosure forms are red flags, that he is concealing something about these

payments. >> reporter: just last month he asked for immunity to testify before congress and the president supporting it. calling it a witch hunt. >> it is not only a nagging story but an explosive one that could detract the white house. coming up on "street signs," it's day one for cnbc's middle eastern business update. we'll have an update after the break.

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2018. hadley joins it's from abu dabedy. thabu dhab dhabi. >> it's been no secret that abu dhabi and dubai have been looking to malls, theme parks and other entertainment to bring in tourist dollars. another big question on the minds of everyone in the emirates is the property sector, what that means in terms of we had pressure on oil prices, rising inflation, higher living costs, what that does to property developers like their largest property developer in abu dhabi, at the end of the day can they make those sales in the luxury sector they have been banking on. now they're looking to mid market and mid tier housing to make bank. i had a chance to sit down with the ceo. take a listen.

>> one thing that we push our message out at aldar is qu qual of life. quality of life for everybody. it's always difficult for me to say low income, mid income, high income. when we look at our developments we look at how we can create this quality for everybody. it's everything from the amenities to transportation, infrastructure, surroundings. so when you look at a project like the bridges, we can giving people an opportunity to acquire a high quality, high-grade apartment at a fantastic location, the closest island connected to the ilsland of abu dhabi, surrounded by mangroves, beaches, and a canal we will flood in the next 24 hours at an affordable price. this allows the community to flourish. you will have teachers, nurses, doctors, people working in the

destination all living on an island. that creates a beautiful domino effect where it lores tralowers transportation costs. they work in cleveland clinic or at the school on the island, and it makes a big difference for everybody. with that price range i believe we have created a solution for a massive number of people in abu dhabi. >> this is increasingly important as we see a rising cost of living, inflation rising so you're trying to tap into an opportunity there, aren't you? >> absolutely. we all know 40% to 60% of the people living in abu dhabi sit in this income stream. we're trying to find a place where we can make sure their investment makes sense. and we're not pushing them in a corner. a project like the bridges ticks all the boxes. >> that the the ceo of aldar property talking about the

adjustments they've had to make as a result of lower oil prices. we've seen layoffs, mergers, just a great deal of movement in terms of pushing people out of this market. so big questions on the horizon about who will be here to rent and to buy if you're basically pushing a lot of people out? at the end of the day it's clear that in abu dhabi they are trying to make those adjustments more from the luxury sector to mid tier housing. louisa? >> hadley, thank you very much. we'll see you in a bit. net profit of santander jumped over 14% in the first quarter. the brazilian unit of the spanish bank provided a boost with the 77% rise in earnings year over year. brazil is sac braz brazil is santander's largest market. shares in credit suisse

higher after a 4 billion swiss franc capital hike. they posted their best quarterly profit since the restructuring plan under ceo tidjane thiam. and novozymes posting a 6% rise in first quarter earnings. they maintained their 2017 outlook. they saw sales hitting 3.75 krona ahead of expectations. over the last three months having gained a fifth in terms of share value. shares in logitech are trading near the top of the stoxx 600 after the company posted a 52% profit rise in fourth quarter earnings. the ceo, bracken darrell says they see strong growth due to an evolution in the product line. >> i wouldn't call it a cycle. there's a constant trend of opportunities. we moved from being a peripheral provider around the pc to being

a peripheral provider for cloud that gives us more and more opportunities. it's very brouad. 95% of the biz as soon as growing. >> shares in dassault systems trading lower. the french software multinational said operating income jumped by 10% in the period as it grit upgraded its financial objectives. they target revenue growth of 6% to 7%. a number of you writing through today. barry writes in and says trump is attempting to create an economic boom by creating corporate taxes while vastly increasing the deficit, all of which will lead to a bust with no credible quantitative easing safety net this time around. he asked whether a republican congress is likely to let this happen. we will be discussing this anin lot more detail in a couple hours and analysis of it

tomorrow as well. that's all we have time for today. thank you very much for being with us today. it's been a pleasure as always. european equity markets on the fixed side. the ftse and the cac both trading a bit higher. xetra dax flip-flopping. the ftse mib off by a tad. u.s. market futures, we're still 4 1/2 hours away from the market open. a bit mixed. the implied open was slightly higher across the board a half hour ago. now s&p 500 flattish open is implied. nasdaq having gone through 6,000 for the first time yesterday. the rally continues in the states. good-bye for now. "worldwide exchange" is up next. i'm louisa bojesen. i'll see you tomorrow. same time, same place, b. finding time to get things done isn't easy.

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good morning. market milestone. futures taking a breather after an earnings fueled rally pushes the nasdaq above 6,000 for the first time ever. washington watch. president trump will outline his big tax plan later today from deductions to corporate rates. we'll look at which parts of the code could see a shakeup. and a clouded comeback for chipotle. there's a new concern that has investors feeling queazy. it's april 26, 2017. and "worldwide exchange" begins right