U.K. election surprise, disappointing data from China and it's Non-Farm Payrolls day. Here are some of the things that people will be talking about this morning.
U.K. election surprise
The Conservative party seemed to have pulled off a surprise election victory in the U.K. With counting almost complete, David Cameron is poised to return as prime minister without the need of a coalition partner. Markets in London have reacted very positively to the news.
China trade miss
Chinese exports fell 6.2 percent and imports slid 16.1 percent in April according to data released by the customs administration in Beijing on Friday. The weak figures have led to increased calls for further easing from the Chinese government.
Toshiba improper accounting
Toshiba Corp. this morning announced that it has withdrawn its earnings forecast for 2014 and will not pay an annual dividend. The company said it has found improper accounting on infrastructure projects and has set up a third-party committee to investigate. Shares were off over 14 percent in trading in Frankfurt.
German industrial production declines
Industrial production in Germany unexpectedly declined 0.5 percent in March, data from the Economy Ministry in Berlin showed. The German Dax index has shrugged off the miss, opening higher on the day.
It is jobs report day in the U.S. with April data set for release at 8:30 a.m. Here's what to look for in today's report. The median estimate of economists surveyed by Bloomberg is for a 228,000 increase.