And tom keene in new york. Tom yes. Ill agree with that. Within the last 24 hours ive seen a real shift. Some of the turmoil with off the german industrial production, a little more Market Movement today than what we saw yesterday. Francine yes. Heres taylor rigs. Taylor . Roir yes, the in danger of falling apart according to people familiar with the matter prosecutors are considering a charge related to the conduct on the Foreign Exchange desk. Hey have essentially been on probation since 2012. After helping the Mexican Drug Cartel and iran. Prime minister teresa may is getting pressure from banks to strike an interim deal with the European Union before formal talks begin. And germanys chancellor Angela Merkel is revising her open door paul for refugees and said the government has done everything e can about the refugees and the United Nations security county critical has condemned north carolinas latest missile launches and is threatening further measures if they do not stop. North c
Pulse. E welcome to the life from bloombergs european headquarters. Im francine lacqua. Lets check on the markets, because that is where most of the stories. It is all about Janet Yellens dovish tone yesterday. She is giving a nice little boost to emerging markets. Theoost to london minors, biggest gainers, crude oil. The german retailer that has decided to split into two entities up 8. 3 . Lets get straight to the bloomberg first word news, nejra cehic. Nejra japans Industrial Production has dropped the most since march 2011 earthquake. Domesticill explosion production at toyota. Slumped 6. 2 after rising in january. Economists surveyed had forecast a 5. 9 drop. Brazil is in battle brazils embattled president has suffered a new blow. Party held six ministries. She denies any wrongdoing and there is a Corruption Scandal that is reached the highest level of government and business. A vote on her impeachment is expected in the middle of next hadh. Shares in the cotter takata have plunged
Instability, particularly in spain after the inconclusive election over the weekend. Nearly every single stock lower. Iag just clinging onto gains, up 1 10 of 1 . Banks lower, infrastructure lower, oil lower. I want to show you the spanish 10 year. Rising nine basis points. Betty tech stocks are also on the up, helped why this deal between ericsson and apple. Actually, one of the only key areas of growth was technology. We saw 1. 25 gain in terms of technology, but i want to check into the real one that was moving, it was ericsson. Up 3. 8 because of the deal with apple. A long and bitter battle had been going on, but finally a deal is struck. They are going to be working together, cooperation going forward. That is why analysts and investors like us. Back with you be to check more on the european markets. Lets check in on the bloomberg first word news, Courtney Donohoe has more. Courtney Lindsey Graham is dropping out of the race for the white house. The republican senator from South
Cracks and im francine lacqua. More than a Million People took to the streets of paris to show solidarity in the face of terrorism after three days of violence that killed 17 people. They marched in the rally which drew the largest crowd in french history. Caroline connan was at the march. She joins us now from paris. Caroline. This sunday will probably go down in french history as the biggest gathering in france, and in paris for the past 40 or 50 years. More than one Million People in paris, 3. 7 Million People across the country, and some very emotional and peaceful moments in the french capital. You had the families of the victims of Charlie Hebdo, of the supermarket, and the policewoman who was killed. There have been 17 People Killed in the last week in paris. They were followed by more than 50 heads of state, with some very unlikely duos such as Benjamin Netanyahu and Mahmoud Abbas next to president hollande, Angela Merkel, matteo renzi, David Cameron, and many others. There was
Bloombergs European Headquarters in london. Breaking news from the iea, the International Energy agency. The report is out and the iea says opecs supply they see opecs supply jumping the most in four years on saudi surges or beget we had a story saying iran is the latest country to jump on the bandwagon, asking for opec production to the cut. Nymex at 54 brent 59. Chinas economy is in the spotlight with all Global Economic indicators pointing to a deepening slowdown. Stocks are headed for their biggest drop in weeks. Bloombergs chief asia economist joins us now from beijing. Tom orlik. Gdp came in target on 7 . The data actually disappointed. What should we read into all this . Tom i think that is right, francine. There was some good news. The premier said he wanted 7 growth for the year. In the first quarter, he got it. Gdp coming in at 7 . There was also bad news. A lot of the monthly data was disappointing, in particular industrial output which is the main monthly measure of growth.