Sticking with the United Kingdom retail sales for january in the u. K. Were lower than expected growing only point one percent when expectations were for half a percent year over year u. K. Retail sales were up one point six percent also far below expectations for two point six percent yearly increase the outliers in retail show that food sales took a large drop while sporting equipment sportswear toys and games all increased by eleven percent. The seventh round of talks to renegotiate the north American Free trade agreement or nafta have begun but the latest news in the us mexico relationship there are more likely to make not much progress and recent months mexico and u. S. Diplomats had worked behind the scenes to lower tensions that had been stoked by president Donald Trumps Campaign Pledge to complete a wall along the Us Mexico Border and his demand that mexico pay the cost trump demands scuttled a trip from the mexican president and pena nieto who had planned to come here last yea
Hello. It is just past 9 00 and this is daybreak. We are one hour away from the open of asias major market. Hour, we willxt look at action on wall street playing into your trading day and get a quick look at what transpired on friday. Barely above the flat line. We will take that. You can see the nasdaq giving up a little. Five stocks top were in the negative. Look at the bloomberg terminal and i will show you consumer and this in michigan is the secondhighest with a lot of people still happy about the tax cut policies and the strong labor market. We have had one hour of we have seen the kiwidollar lose a little bit of australiah futures in looking a little bit weaker late last week and not a great deal of change. Gold and a check on consideringhich is continuing to show strength. Trading today be in china, hong kong taiwan, and vietnam. Another term was announced for the boj governor and we will discuss that outlook shortly. To singapore. Get the minister says he can continue working
Mushroom. Mower this is focused on piano upon zeus you do. Move it only. When it is that it was a kid where you are part of the will. Unicef coordination lucy im a laundry from the Refugee Support Team in greece says the country is overwhelmed. These remains one of the gate to europe and the famed they say we the people but not all put it you need to share the responsibility within the european Member States so they are under the ice show. Me not to this t. V. Pool. Of many of the other members they seem to be trying to prevent that reproduce seeking in their own countries we also are they where many cases these might bring are going to be who even try the action of these see them push you out on this environment but even most dangerous situation like would be traffic or organs we need to prevent these children being put under the thing we need to identify their relatives and to speed up the process thought reunifying of the children with the. Well for more on these and plenty of other
Its the last attempt to get a lifeline and keep greece in the euro. German chancellor Angela Merkel says time is running out. Angela weve shown much solidarity with greece. Our last offer was very generous. In these time of challenges be it refugees or terrorism, europe can only keep strong and stand together if every country asumets responsibilities. Vonny they have to decide whether they can cooperate with cyprus and walked out of talks and called the referendum. Theyre trying to prop up the falling stock markets. Foreign investors are selling shares at shanghai listed stocks at a record pace. Vonnie obama warns it will take time and went for a briefing with the top military commander and called the fight against the Islamic State a generational struggle. President obama this will not be quick as a longterm campaign. Isil is opportunistic and it is nimble and many places in syria and iraq including urban areas, its dug in among innocent civilian populations. It will take time to root
This way. It is all about implementation. We expect greece to deliver results in the next coming days. This will mean legislation passed in the Greek Parliament to show that the will to the reform is really there. And of course there are a lot of discussions needed in the parliaments of many member states, including estonia. If greece shows good will, i believe this is doable. Nejra one of the big issues through the discussions was trust. Do you trust greeks to implement what they say they will . It is clear that trust has been lost and i can also put it this way, we can slowly rebuild it. It doesnt grow very fast. Today was a step in the right direction. Nejra i understand that this fund has been set up and part of it will go toward recapitalizing greek banks. Talk to me about what else, if anything, is going to be done in the coming days and weeks. I think the liquidity issues are up to ecb to explain. This is not something i can comment. In terms of recapitalization, we see the bank