We are getting breaking news. Eurozone pmi Manufacturing Service figures. A touchhanged at 53. 1, below estimates, but not by much. Manufacturing pmi fell to 51. 5, also lower than expected. We were expecting 51. 9. Remember, anything above 50 still means we are in expansion, however we are seeing a little bit more of a fall than was expected. This is the picture for eurodollar. Weve had a lot of currency moves, as a lot of central bankers were in japan. You can see eurodollar 112. 14. This is. European stocks falling. 19. E oil, 48 it data briefly sink below 48. Emergingmarket shares extending the rebound we saw on friday. I also want to show you bayer, making an unsolicited 62 billion allcash offer to acquire monsanto, as shareholders worry about overpaying and valuation. Lets get to the first word with nejra cehic. Nejra thanks. The u. S. Economy should be solid enough to merit an Interest Rate increase this year, and the central bank wont cave to political pressure to refrain from
Story, a little bit concerned about it. Those factorsof in the mix. Anna we do not need to revisit the fact we saw all materials down 40 in the last quarter. A little bit of a bounce in copper of days or so. Extending that bounce after we had the chinese data, at a oneweek high. Before you get too excited, Morgan Stanley talking about the worse to come something we heard from citigroup earlier. Guy not good news for ivan blazoglazenburg. We are watching the credit story, it is one of the factors that honestly has been behind the equity market rally. Markets beingt used as a way to generate buybacks. They elevate equity levels, and if that story stops spinning, because have a problem. But a bounce in copper, most things have come back. Let me show you the crossover index, this is the story credit has been signaling a much longer term concern being priced in. We saw a big selloff, that is glencore and a number of factors in their. We did see a big bounce, but nevertheless, the credit sto
Are rising after the fed indicated it wont raise rates. We are going to learn later today whether alibaba will be the biggest ever ipo. Pricing tonight and they start trading tomorrow. Bayer has from decided to focus on his crop chemicals unit. Their ending years of speculation as to what they would do with the unit. But to stay, or to go . That is the question. Voters in scotland will provide that answer. The 307yearold union with the u. K. Will come down to a ballot. We cant give you all results to avoid swaying voters that we can check in on the state. Nna edwards has more when should we start to see results . Were here on carlton hill looking over the city of edinburgh. We expect to get the early results around 2 00 a. M. Local time 9 00 in the evening for you in new york. That wont be the end of things at all. Some of the smaller constituencies will be reporting first. Likely to hear from the western isle councils. Small inhabited areas will be giving us their results first. We mi
Bayer warned operating earnings would decline in 2023, adding to the challenges for its new CEO who will take the helm in June, as the agriculture and healthcare company is hit by higher costs and