Good morning. Welcome to the pulse. We are live from bloombergs European Headquarters. Francine to our top story, the ecb turns the screws on greece. The European Central bank announced that it will restrict loans to the nation. Guy that announcement came just hours after the greek finance minister met with the ecb president , mario draghi. Varoufakis meets with Wolfgang Scheibe today. Joining us now is hans nichols in berlin. This could be the meeting that everybody has been waiting to hear about. We thought draghi was going to be interesting. Scheibe is going to be fascinating. Hans he is going into this meeting and they appear to have consensus from their european partners. That is that greece should potentially stay in the bailout program. And if they leave, they will be consequences. They are not going to be able to use greek debt as collateral with the ecb. That is going to drive up there borrowing cost. They may face a liquidity crunch. What is greeces plan . Even if they get th
Mobiles messaging firm whatsapp. Its facebooks biggest deal to date as shares stay lower in frankfurt. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. Youre looking at a live shot that were bringing to you from kiev, the capital of ukraine. We have breaking news for you, dow jones reporting that the eu Foreign Ministers have canceled their meeting with the ukraine leader. That is according to one official. They had set up that meeting yesterday after we saw those very violent clashes, the death toll according to the Health Ministry now above 28. All right. Lets take a look at european markets. Were a little more than an hour into the trading day and we are seeing a lot of red across the board. The stoxx europe 600 steady, down by 0. 8 . It is a triple whammy for the markets. We had the fed memberships in support of more tapering. Some members talking about an earlier than expected tightening. Then we have the china flash pmi numbers at a s
Welcome to Worldwide Exchange. Im kelly evans. Yes, hello, everybody. Im Louisa Bojesen. These are your headlines from around the world. President obama calls congressional leaders to the white house today in what could be the last chance to come talk before the u. S. Falls off the fiscal cliff next week. Investors are bracing for the final eurozone bond sale of the year. Italy will sell up to 6 billion later today. And the yen has been sent lower and stocks to their highest level in 21 months. This is the final Worldwide Exchange from london of the year. Louisa is here for it. I cant believe it. Its my last working day of the year, as well. Is it . Yes. Unfortunately well still be talking about the same thing were talking about now. Although i feel well be talking more debt ceiling, as well. And speaking of which, president obama is trying a last ditch effort to restart budget talks days before the u. S. Goes over the fiscal cliff. Speaker john boehner has called the house back into s
Slowdown on, weaker demand at home takes its toll as the abe government predicts a rebound. And europes Energy Supplies warn of an impending crisis forcing cutting of costs. Display youre watching Worldwide Exchange, bringing you Business News from around the globe. Italian gdp, Third Quarter, minus 1. Minus 0. 1 quarter on quarter, which is what we were expecting. Forecast minus 0. 1 , as well. And were getting the latest from the euro dollar. Just tracking 1. 3454. 1. 3295 was the twomonth low that we hit last week post the jobs. We havent hit that again, but we were down on the 1. 33 level towards the beginning of the week. We have the latest ia numbers out, as well. The ia is warning of up side price pressure. Supply up 600,000 barrels a day in october. More on the ia, more on growth, as well. Besides italy, france is sticking to its full year forecast despite reaction. The quarter on quarter data missed analyst expectations. It came in at minus 0. 1 . Although the finance minister
Youre watching Worldwide Exchange, bringing you Business News from around the globe. Warm welcome to todays edition of Worldwide Exchange. Plenty to get through. We start off with perhaps europes most important economic indicator. Its come in 10. 4 in may, below the consensus number which was 110. 9. Current conditions index, 114. 8. The Consensus Forecast was 114. 5. The german expectations index, 106. 2 in may. The Consensus Forecast, 106. 6. The april number was 111. 2. We have dipped down from that. A lull theyre talking about seeing in the German Economy in may, no revisions to the april indices. Euros been weaker ahead of this number and indeed it is ticking down again. Down to 136. 36 is where we stand at the moment. We are at fresh 2 1 2month lows on euro dollar on this lull. Joining us is christian schultz, senior economist at beringburg bank. Your reaction to this . The pmis yesterday paint maybe a slightly different picture. Both indices show the German Economy is growing at