The Italian Economy grew by. 2 . The estimate was. 3 . France is stagnating and germany missed. Francine has had a little bit of an impact on euro dollar. Breaking news from greece. The government there is to request a confidence vote after talks concluded with the countrys creditors. Anchor it will follow a pame. To the e. C. B. Lets get straight to mark barton at the breaking news desk. This is a series of events that we thought might happen. Who brought this confidence vote forward . Mark yes, the vote passed. A majority of more than 151. Big majority. Hence we have the confidence vote after august 20 which as we know is the day that greece owes the e. C. B. Money. It needs that money to pay the e. C. B. So were in the quite there yet. Thet is just another day on calendar on top of a lot of dates in the next few days starting with the euro area finance ministers meeting at 3 00 p. M. In brussels. Lets remind our viewers what happened. Lawmakers approving that bailout that may unlock
I amrkham to countdown, mark barton. Stay with us. It is 7 30 london time. Cityll be talking to the the ceo of a smartphone app. Then we are joined by brazils ambassador to the u. K. As his country prepares to take on columbia for a place in the world cup semi finals. Change in the European Central bank. Is it a historic moment or is the ecb catching up with its peers . Covered the conference yesterday. He told us what to make of the move. I go with historic. It is about transparency, shaking up the methodology of communication. The art of communication. How often we hear from them. Im going to go to every six weeks, mark. That is because mario draghi wants to break the markets are racing towards markets move ahead of every meeting. Break that expectation. I setally thought that up and went, interesting. He wants to break the psychology of market. Is that what carney is doing with him i am raising, i am not raising. He is shaking it up. Ecb werd that the will have dry runs, whether it
London. Stocks falling across the globe on speculation of early interest rises by the bank of england and the federal reserve. The weakness in the equity market is continuing to move across the globe in its a feature of whats happening in asia. 1. 4 trillion white off the value of Global Shares in the msci all world index looks to be on set for a 3. 1 percent decline, the biggest drop since january. There is a smorgasbord of reasons behind this, speculation on when Interest Rates might go up in the u. K. In the u. S. Clearly one of the fact hers. Other things in the mix, peers of the stress of the chinese economy and fears of russia drawing up plans to seize assets after sanctions continued to be imposed by western countries on russia. Plenty going on in markets. Jumping 18 ,dex 16 above the average of the year. Volatility seems to be once again a feature of these markets. Will have more information on where the markets are, where we expect to open in europe as because to the program.
Cranny. A good morning to you. A hawkish tone, wasnt it . Fed member sing borrowing costs have to be raised sooner than had been anticipated if the labor market persists. Everything in this world has a caveat. Define the many and the few in the variations in between so lets get to it. What are we talking about . These are the minutes and they came out, some participants were increasingly uncomfortable with the Forward Guidance on keeping the benchmark rate low for a considerable time. Than half butless more than a few. Just to be clear. Less than half, more than a few. Therehat says is was one dissent. The voices are growing. We are getting ready for another vote. That is what that says to me. The dollar storming ahead. Participants said they may have to raise rowing costs sooner than they had anticipated. A lot of the data is converting toward their objectives. It might become appropriate to begin removing Monetary Policy accommodation sooner than they had currently anticipated. His i
Mark hello and welcome to countdown. Manus also coming up on countdown today, as the first person faces trial for alleged libor ratereading, we take a look at how the billions of dollars collected are being spent. It is probably something you would not expect. That story later in the show. Mark shall we bring the numbers from ryanair . Fullyear earnings jumping. Profit after tax gaining 66 . 867 Million Euros. That is 247 Million Euros higher than the top end of predictions made the previous year. Fiscal 2016, the airline is predicting profit of 940 million to 970 Million Euros. The company is ramping up winter capacity and seeking to the were a new generation of passengers with a softer approach. It raised its guidance to 2015 earnings five times. It is targeting major european airports and looking to tempt passengers away from Network Airlines like lufthansa air france, klm group. Joining us is carry longer. The big driver of this was the number of passengers, the increase in passeng