ericsson dropping at 6:00 a.m. u.k. time and we are switching focus to the luxury space later today. we're going to get lvmh sales as well so a key gauge on the health of the luxury sector and follow that firm earnings news from goldman sachs. the of can others follow suit in terms of the pickup they see. the earnings story being fleshed out later today. you can get a round-up of the stories you knew need in today's edition of daybreak. get a deep dive there. coming up, israel vows to respond to iran's attack over the weekend. does the west call for restraint? we get the latest next. this is bloomberg. ♪ tom: welcome back to bloomberg daybreak: europe. we're going to check oil is gold for you right now. the pricing action about the back of comments from israeli officials reiterating that they will, at some point at least respond, of course, to that unpressed -- unprecedented attack by iran over the weekend. gold medal up .2% so far. and the move in oil was less pronounced this time yesterday but we've seen the moves hig

ericsson has 4.3 billion swedish cronas.he company remains fully committed to its long-term targets as it sees sales stabilizing in the second half of the year. you see it on the screen where shares are higher by 6%. the ceo told cnbc the company must continue on the cost cutting journey. >> we see that the market and we have said it will be challenging all year. we will face headwinds. in the environment, we need to work on what we can control. costs are clearly an important to take out costs. it is not fun. it is not what you want to do, but it is necessary to have a tight ship. ultimately, we need to invest in technology leadership and we need to invest in market leadership. we need to keep those. that's where we will win when the market comes back at some poino the geopolitics, coming up, the response on the attack by iran. we'll have the latest after this break. what is cirkul? cirkul is the fuel you need to take flight. cirkul is the energy that gets you to the next level. cirkul is what you hope for when life tosses l

suppose as resumed in brussels on wednesday after police shut it down a french far right politician. ericsson moore had been due to address the gods, but was turned away by the police on tuesday evening on the orders of the local man . man said they were concerns about public safety. the belgians prime minister criticized the order which a quarter since overtones, the national conservative conference brought together politicians like come, gary and prime minister, big to old, on britain's form and integrity administer. so the problem was that, as well as nationally, some fundamentalist christians, i missed all, i had of your opinion, parliamentary elections in june. so what's going on is last got brussels correspondence, rosie, but john, who was at the conference, welcome rosie. so talk us through what happened as yeah, i was indeed at this conference earlier and it's basically a gathering which is meant to raise together people from the rights of the political spectrum. so from the, for the rights of the center. right, right. so the far right, the different political group, things, different

that has been a challenge for both nokia and ericsson. we continue to look for date -- look for details around the patent dispute as well. they are maintaining their full-year operating profit forecast despite that challenging environment. telco spending has been softer than many in the space have hoped. let's check the markets more broadly. on a day where we look at a -- u.s. futures pointing in the green. we've seen that reversal before. four straight days of losses across u.s. stocks. today, futures pointing higher as investors continue to grapple with the debate around just how long these rates will held -- behold higher as we continue to feed and the commentary from fed officials. sp gains, three tens of 1%. you are 4% below now on the s&p. the ftse 100. two tons of 1%. the boe governor seeming to be a relatively -- seeming to be relatively relaxed. big selloff from the mega cap tech stocks yesterday. nvidia dropping as well and weighing on the nasdaq. let's flip the board and lacrosse asset. we've been seeing yields dropping about e

one stock we are tracking here is ericsson. they had better than expected results this morning. that is helping at this stage when you see all of the sector in the red at this stage. basic resources is the worst performer at this stage down 2.7%. here is a lot to do with the weaker metal prices at this stage. >> silvia, thank you very much. >>> turning attention now to asia. the session there is closing sharply lower after new data from china. jp ong is with us. jp, a mixed report from china. >> reporter: absolutely, frank. terrible tuesday with the stocks tumbling in asia. we see the middle east tensions weighing on stocks. the china gdp print is now showing it is growing faster up 5.3% year on year. if you look at the march industrial production and retail sales, that was below expectations hinting of a slowdown in china. that could continue for the rest of the year. you will see stocks from the csi 300 down. hang seng is down and tech shares down in that part of the region. also the hang seng property index is being held down as china faced an issue from the bank of liquidity