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Down about seventeen but for more on those markets let's go live to London now where we're joined by -- Potts director of global investment strategy.
At Barclays good morning Hank the Japanese GDP got a boost the ruling from the government stimulus there so with growth contraction that we -- in Europe yesterday how long -- we see more stimulus in -- Well -- -- finally some good news coming through from Japan so growth in the first -- to nine tenths of 1%.
Analysts were looking appropriate because -- a seven tenths of one cent.
So that's the annualized rates and it comes to three and a half percent the strongest growth that we've seen in the -- in -- outpacing the United -- -- topic.
Well a lot of people are excited about this new stimulus -- there's been puts in place.
Of course the doubling of the monetary -- in an effort to replay the economy household spending was strong.
And we also saw the benefit for the exporters.
With the week again.
But as you say they'll be a lot of people and you are looking at those aggressive measures taken by the package -- -- -- why then not being implemented in terms of Europe.
That's a very port GDP numbers yes -- Inflation numbers this morning -- inflation in the Euro zone at its lowest level in 3 years European Central Bank I'll take that -- That cuts interest rate that probably -- to buy the bonds of struggling.
I indebted European countries but the reality is the market still need to see a roadmap to growth to understand how growth is gonna be stimulated.
How -- what changes can be corrected within the Euro zone.
And I think in terms of stimulus you know when the markets get a boost off of stimulus from the central banks some people say it's artificial and temporary how cautious of people be.
About the markets soaring on this not only in Asia but also here in the US.
I think is beyond that yes the central banks have been helping in terms of the underlying pace so there's not a doubt about that perhaps putting some pressure on invested -- Take part in the ground rotation.
Out of bonds there though see the very expensive.
Cuts into riskier assets such as equity markets but the fundamentals of the corporate picture still look very supportive -- -- Certainly in the United States we went through the first quarter.
Reporting season much stronger than analysts have been anticipating.
But she still -- very healthy indeed.
Cash generation remains very strong.
Dividend -- share buyback program is old looking pretty good -- no reason why the -- can't be held of these types of levels given that cool fundamental strength.
In the corporate position.
-- some optimism from -- got this morning we'll take it Hank thank.
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