Of the office we begin with a tense situation in greece. The 10year note is sitting around 15 and have soared 60 this year. A referendum is set for sunday with greeces Prime Minister urging a no vote. Lets go live to athens chief International Correspondent Michelle Carusocabrera joins us there with i believe also the president of Athens Chamber of xlers commerce . Yeah, the chairman of the Hellenic Chamber of commerce, good to have you here. Excuse the music, there is is a small communist rally going on. Shall i call you camomrade . Michelle, this is a country of extremes. In the first century, existential comemunism has died 20, 25 years ago but here in greece it is rampant. You can hear them chanting. There you are. This is greece. We know that this crowd will vote no in sundays referendum they hate the euro they hate everything about euro et cetera. How do you think the vote will go on sunday . Im cautiously optimistic that we dont have a strong yes vote. Vast majority of greek peo
Of the office we begin with a tense situation in greece. The 10year note is sitting around 15 and have soared 60 this year. A referendum is set for sunday with greeces Prime Minister urging a no vote. Lets go live to athens chief International Correspondent Michelle Carusocabrera joins us there with i believe also the president of Athens Chamber of xlers commerce . Yeah, the chairman of the Hellenic Chamber of commerce, good to have you here. Excuse the music, there is is a small communist rally going on. Shall i call you camomrade . Michelle, this is a country of extremes. In the first century, existential comemunism has died 20, 25 years ago but here in greece it is rampant. You can hear them chanting. There you are. This is greece. We know that this crowd will vote no in sundays referendum they hate the euro they hate everything about euro et cetera. How do you think the vote will go on sunday . Im cautiously optimistic that we dont have a strong yes vote. Vast majority of greek peo
That is the one thing people will want to know on monday morning first thing. The Dollar Strengthening against the yen after the fed official added to the course of policymakers signaling they will keep raising Interest Rates. This is a picture for european markets. They are gaining some 0. 3 . Another currency pairing is new Zealand Dollar slipping some 1 . The kiwi dropping 1. 7 last week after the central bank said on february 9 that it plans to keep arming costs at a record low. We have charles dallara. I want to show you the banks, gaining some 0. 7 . Lets get straight to the bloomberg first word news. Heres nejra cehic. Nejra kraft heinz has pulled its bid for unilever two days after the approach became public. The company cited the targets reluctance to engage in talks. The decision came after 3g capital and berkshire hathaway, which own about half of kraft heinz am undecided they negative mergere made a impossible. Japan posted a bigger than forecast trade deficit as car export
While treasuries and gold fall. Welcome to bloomberg daybreak. The Dollar Strength playing out. Lets put prospective for you. Rate of change. These are threeweek moves, all the way back, 21 years. That is how big the move has been. This goes all the way back to the year 1995 when he and was trading at a 102 against the dollar. Trading at 102 against the dollar. Lets show you some of the other asset classes. Haveryen, currently 113. 39. At it rose five basis points overnight. Gold, 1178. Pressure from the u. S. Dollar. Also, those are ninemonth goals. On zinc which has been on a tear. Lets get the first word news now. Consumer prices have fallen for the eight straight month. Primary gauge of inflation dropped 0. 4 . It underlines just how distant the worlds thirdlargest economy is. Abortion took center stage in the primary last night. Defended hisner views as the rival attacked. This illustrates this is social, not economic policies differentiating them. Are setes before they to pick th
London headquarters. I am francine lacqua. Decision not to hike Interest Rates last thursday. Morning that the euro may fall. Lets get some Quick Reaction from andrew parry, he is head of equities. He manages 29 billion pounds in assets. Thank you for joining us. Andrew, your first quick thoughts. We disappointed that the fed did not take that window to hike rates . Andrew you can see in the markets reaction that everybody disappointed, even though it was expecting them to raise rates. How the markets reacted was a clear statement. That was the frustration. Is the message that they are sending in the dumbest comment. Is it the conditions that are worrying . Francine are you worried about china . A focus on m a for example. Andrew we try to focus on the bottom up. Statement,ays a economic start to admit as statistic. Statistic. A broad direction of travel is important. Thats what the market is reacting to with the fed. Did they leave us hanging . Thats been a long period we have been an