we also have a news from novo nordisk. much meeting estimates for novo nordisk, that is the headline on the bloomberg. other numbers, a new share buyback of 15 billion danish krona. up 2% to 5%. coming up, the ceo of novo nordisk with the first conversation of the day at 8:00 a.m. london time. now debra mao from hong kong. ebra: china's contraction deepens, pmi had its worst read out since 2016, and the latest indication that the slowdown in the world's second-biggest economy has a ways to go. it fell to the lowest reading in nearly three years, and well below the forecast of 49.6. ansumer confidence is at high. promised to substantially expand purchase of u.s. goods after the latest trade talks in washington. both sides plan further discussions to reach a breakthrough. have made they important progress, and president trump seems optimistic about a meeting with his chinese counterpart. there is one month to go before the trump administration is set to raise tariffs. president trump: we have to get at some pointper if we ag

novo nordisk up by 3.6%.side, messy numbers is the way one bank has described the earnings report. caixabank down by 6%. in the health care space, also interesting down by over 5%. we'll see bankers moving lower as well, a number of reports from the banking sector. let's get the first word news update. china's factory pmi had the worst readout since 2015, the latest indication that they still have a ways to go. it was the lowest reading in nearly three years, and well below the forecast of 49.6. however, business confidence is at an eight month high and the gauge for export orders has risen above the 50 level back into expansion. china has promised to substantially expand u.s. goods. both sides plan to further discussions to reach a breakthrough. sides havethe two made important progress during the talks and president trump seems optimistic about a meeting with his chinese counter art. one month ago until the trump administration is set to ratchet up tariffs. >> we have to get this put on paper at some point.