Artan. What a day we are having and what a week we have had. There is the stoxx 600 come up by 0. 1 . The best run since november 3. If we finish. 10 higher today, we finish higher for a second consecutive week. By 0. 7 , the highest level of the euro against the dollar since december of 2014. Chancellor merkel and the social democrats have reached an initial deal. We had the minutes from the ecbs meeting yesterday. They suggest they are ready to tweak their policy guidance. Hawkish comments this week from other ecb members. Throw in Economic Data and that is why the euro is moving higher. Highest level in five years. China today, saying it has imported a record amount last today, weoming up get calls from this man. We get his take on the latest news out of washington. Ellen zentner. Reporter export rose. 4. 5 . Growth slowed to trump is said to have decided to expand sanctions ran, leaving the 2015 Nuclear Accord intent. But the administration is preparing new sanctions over iran. The
An historic and agreement on Irans Nuclear program. The u. S. And other global powers will ease sanctions that have crippled irans economy. That is likely to lead to iran selling more oil, sending the price of oil down by the most in a week. It will have a 60 day review by congress. Israel says it will lobby american lawmakers to reject it. We will hear from president obama in about an hour. You can watch it on bloomberg tv at 7 00 eastern time. Greeces Prime Minister will not be able to count on his own coalition to support pension costs and tax hikes. Tsipras admits the austerity measures to Parliament Today will be set for tomorrow. Lawmakers must approve the legislation before talks on a new bailout. Paul krugman told Bloomberg Europe wanted to less screen to let greece no who is in charge. Paul krugman this is not about how much greece is going to repay, it will be about greece suffering. There is no escape. You do not get away from anything. And greece has made it clear that they
Lets get straight to the bloomberg first word news with taylor riggs. Taylor republican president ial nominee donald trump is pushing back against allegations of Sexual Assault. The womenhe says accusing him of misconduct were lying at a rally in florida and in two appearances in ohio, calling them vicious and false. He is back on the campaign trail today with two appearances in north carolina. In europe, the president of the European Union is offering a stark choice to the u. K. Hard brexit or no brexit, take your pick. Donald tusk delivered his hardline stance in brussels, signaling that the departure may take longer than two years, and it is when theresa may realized it will be painful for britain. And thailand is beginning a year of mourning for the worlds longest reigning monarch. He died yesterday at the age of 88. The government signaled that his only son will ascend to the throne. He was a symbol of unity in the country rocked by 10 coups. He has been ill for years, making limi
Rupert harrison joins us for the hour and in less than 15 minutes we speak to the Banca Popolare di milano ceo. Weekso look ahead to the Big Bank Earnings headlined by Goldman Sachs. Bank of america is coming up. The first thing we have to do is check the markets. A little bit of volatility, 16. 84 gaining from 0. 5. Overall european stocks a little bit down. There was movement after we heard from janet yellen that she would not mind a u. S. Economy that is a little heated up. That would help with growth and she believes that would help with consolidation of the labor market. Banks, i have put those in the cross asset check because we are speaking to the ceo of dpm. The european impetus is getting a little bit of left desk lift. Lift. Lets get to the bloomberg first word news. U. K. Economye the has been more resilient than expected since the brexit vote may be lulling people into a false sense of security according to a report. Concerns that written could lose its access to the Single
Surveillance. I am Francine Lacqua. Tom, i know you were in new york and it is going to be a great day. Bank newsthe deutsche , it gets your attention. I would focus as well on the italian banks. It is benny the headlines, but watching unicredit beneath the headlines but watching unicredit. Francine especially if the nonperforming loans keep putting an damper a damper on the italian stocks and the european stocks. Nejra we start with some news breaking in just the past two minutes in turkey, markets are giving a vote of confidence to the latest move by the Prime Minister elect. He has decided to keep the last man standing of a market Friendly Team credited with turkeys economic boom. It is a boost for british Prime Minister David Cameron and his campaign to stay in the european union. Older voters are switching to his side according to the or be survey. 55 plan tors over vote to stay in eu, up from 34 in march. The referendum is june 23. Euro area finance mise ministers meet to discuss