Coming up at 9. 15am. And the Us Government is turning up the heat on russia over its support for syrian president assad. Americas top diplomat is in moscow for talks with his opposite number. Hello and welcome to the programme. Were live until 11am. Also coming up later, we have an exclusive report on how Cambridgeshire County Council failed to protect a 15 Year Old Girl from being sexually abused by her teacher, despite warnings. The victims commissioner, baroness newlove, tells us that teachers and social workers should be prosecuted if they fail to flag child sexual abuse concerns to stop cases like this. Do get in touch on all the stories were talking about this morning. Use the hashtag victoria live and if you text, you will be charged at the Standard Network rate. Our top story today. Police in germany say theyre investigating a possible islamist link to last nights attack on the Borussia Dortmund Football Teams bus. Three explosions hit the bus, which was taking the clubs playe
Negotiations with the eu. Anna a very warm welcome to countdown everybody. Manus the torch paper of risk is back on the table. What do i mean . The damage is almost throwing fuel on the fire. European Central Banks considering winding down bond purchases before ending quantitative easing. Are they . They emailed a statement to say manus the story says they have not excluded suspending the past of the current sorry extending the current program, at the end date of march 2017, at the price of 480 billion euros per month. Not saying it is ending by giving us clues, talking through the officials at the ecb, how they will do it when they do it . This is when mario draghi said we do not have a conversation about quantitative easing. 0 . Yields back above this is the critical thing. Is it a push to steepen the yield curve . The euro would strengthen, if this is the case, if the european Central Banks are indeed generally considering how to change, how to change and take what bill gross said,
Who is responsible . The fed . Jeffrey lacker . Or the new governor of indias reserve bank . We are less than half an hour away from the European Equity market open. We will spin you through what weve got in terms of the equity market. Solid session yesterday. Lets see what the fair value points are. Londono stocks 650 looks like it is going to soften up a little bit. Lets move you on and show you what is happening around the world. Let me just fix what is happening. What we have got is a story of the markets yesterday at what we did get i want to throw your attention here into the commodities market. Gold is stabilizing. We will come back to that story a little bit later. Caroline, the store yesterday, gold has been driven by the european market. It is the bloomberg reporting on the taper from the ecb. Caroline bill gross said he even traded on it. He went for a short duration. Our people miss reading the brilliant story that is saying the overall ecb decides to start exiting quantita
Pulse. Live from bloombergs European Headquarters. Lets get straight some breaking news. To 51. 2. Falling the initial rating was 52. 1. They are pretty much in line with where economists were expecting them to be. Repressing them a touch on the back of this great bloomberg ecb scoop. Currencies from emerging markets falling. Monetary policies are turning commodmmodity of itive. The vixx index pretty much unchanged as well. Watch out for that amazing scoop out of frankfurt. Our team there led by paul gordon. It will to paul in just a couple of minutes. Lets get to the bloomberg first word news with nejra cehic. Told aecb officials bloomberg the bank will wind down bond purchases before ending its program. That may happen in temps in steps of 10 billion euros a month. The euro climbed to a threeyear mario draghi said qe will continue until next year. Frey good like says Jeffrey Goodlatte says it may help prompt central bankers to reconsider their approach. You cannot save you faltering
Even though officials did not exclude the bond buying thing extended. That is what you need to know. David continuing on the top story about the ecb. A many tempora cant a mini tenter hampshire a mini temper tantrum. Gradually tapering away from quantitative easing. We are joined by paul gordon, our editor responsible for covering Central Banks, and guy johnson in our European Headquarters in london. Paul guy, im sorry. I want to go to you. Tell us what the reaction was in the markets over there. Guy the Market Reaction was fairly fierce, to the honest. May of 2013. Be of the market was spooked by thats would have a ecb taper when the Current Program winds down. But the rational heads are working their way through this. Of course the ecb is thinking about a plan for when he needs to wind down, but if you took a look at the latest data, the expectations, in the ecb, the ecb downgrading its projections. The eurodollar rate, but it did not pick up inflation. It is not expecting to meet it