We are seeing a clear risk aversion as the german bond yields are ever lower and the ecb buying Corporate Bonds. Tom we have some financial work with the yields lower. That began yesterday morning and it is grinding ever lower. We have the political news in the United States. Francine a packed day. It was a history making night for Hillary Clinton. She declared herself the winner in the race for the democratic president ial nomination, taking her the first woman to run as a candidate of a major u. S. Party. Tonight, victory is not about one person. It belongs to generations of women and men struggled and sacrificed and made this moment possible. Shery clinton won three of the six states that held primaries or caucuses tuesday, plus she has a big lead in california. Meanwhile, Bernie Sanders says he is not giving up even though the math does not look good. He is said to meet with president obama tomorrow, who called clinton to congratulate her. Another car bomb attack in turkey and it a
Headquarters. I am Francine Lacqua straight to the markets because they have been hoping for an hour. Stocks overall dropping. U. S. Stock indices are on the downside. Oil and copper falling. We have report showing that it is slowing slower than expected. U. S. Treasuries are rallying. Lets get to first word news with nejra cehic. Nejra german Industrial Production jumped more than forecast in germany. From december it climbed 3. 3 from december. European Union Leaders have its toward an agreement with turkey to halt to the inflow of migrants. Is jeanclaude called plans a real game changer. The separation without turkeys willingness to take back all irregular migrants who had been apprehended. Beay we were assured it will possible. All of the abovementioned ofisions that the days irregular migration to europe are over. Francine nejra chinas. Xports slumped more than 25 imports continued their streak of decline, falling more than 14 . It included the Chinese New Year holiday. A challeng
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
You are watching the pulse. Im guy johnson. Francine is in the building, just not on set. She will be back. Lets get straight to our top story. Oil trading at the lowest level in four years. This the day before opec meets in vienna. A deal to cut output looks increasingly unlikely. Saudi arabias oil minister has said that tumbling prices will stabilize and there is no need to reduce production. Nexen go, venezuela and russia have als decided not to take action. The boss of rosneft has the same view. He has been speaking to Ryan Chilcote in an exclusive interview. He says his country can 60 aand prices as low as barrel. We decided to monitor oil prices over the next year. Possibly everything is necessary. Industry was privatized a long time ago. Owners andrivate peculiarities to working in russia. Like the climate and logistics. Russias Oil Producers will. Eact to market demand efficiency is the main factor of determining market supply. If the demand and the price are adequate to the am
Im francine lacqua. We are getting breaking news out of italy. Possible qe next week in terms of that inflation figure that is due out any second. Weve already had a lot of macro news affecting the euro this morning. Though it actually hasnt affected the euro in terms of where the currency is trading. A little relief for mario draghi. The European Court of justice has given a favorable opinion on outright monetary transactions, seen as a precursor to the qe plan that many people believe draghi will announce next week. The court has said the omt plan is legal in principle. What can you tell us about this opinion . It seems like it is a green light. In principle, theres nothing behind me in announcing quantitative easing. It seems like the last potential major road brock roadblock has been lifted. The European Court of justice said it may be legal. The outright monetary transaction, which you can read as code for ecb when you look at what is going to happen with the market and mario drag