Everyone knows greece will repay 4 of gdp from the surplus. Anna later we look at what is best for business in the u. K. And europe in the first of three Bloomberg Politics special debates. We will discuss key issues facing both ahead of the general election with the Panel Including a formal chancellor and the chairman. Mark policy makers reveal a risk on terrain rates we bring you the details, plus, what you need to now ahead of todays bank of england rate decision. Anna good morning. Manus rk coming up, a 29 billion drug deal. Caroline lets head out to hong kong were stocks are surging. The market will catch up with its counterpart, the shanghai composite. Shery ahn has the story. We saw searches in escapes 6 earlier. In excess of 6 . Shery ahn 6. 4 , the most since 2009. Hunghong kong has been rising for the sixth consecutive day. So why are we seeing this sudden surge . Because investors are thinking hong kong shares will catch up to their counterparts in shanghai. The shanghai com
Discussions on may 11 that will confirm the progress that has been achieved. And will being yet another move yet another step in the direction of the final agreement. Germanys finance minister is still skeptical that a deal on greek economic reform can be reached by the may 11 meeting. Bond yields, meanwhile, im resuming their rise. The yield on the two year has risen two percentage points. It is now yielding 22 . Raising one of the issues behind the global bond selloff. Investors are now pondering the end of a sixyear rally that said yields to record lows. The price of oil is rising. Up over 61 a barrel this morning. There is speculation that the oil glut may be easy. U. S. Companies have reduced the number of active oil rigs to the fewest in five years. We will see whether inventories are rising when the government makes its report at 10 00 30 eastern time. And at 10 43 easter time0 10 30 eastern time. Salesforce has a market value of 50 billion. Microsoft has not made any other offe
Shares at the Company Tanks as it scraps forecast pending and accounting pro. And accounting probe. Mark welcome to countdown. Also coming up today russian reunion. Angela merkel and Vladimir Putin meet for the First Time Since february to commemorate victims of world war ii. Tensions remain high over ukraine. The peoples bank of china opens the stimulus cap again cutting Interest Rates for the third time in six months. Challenging the countrys 7 growth target. Christine hah is on the story from beijing. Good morning christine. Whats is expected . Christine it was expected. A few economists had predicted the right path. Over the weekend, we also had Consumer Price growth most important, the shanghai market has tempered the rise over the last two weeks. A lot of space for the central bank to cut rates at this point. Cutting rates at this moment is more of a stabilizing a step a stabilization to the economy than a stimulus. Debt levels are ready so high in china. We have seen three rate
At a lloyds investor. The equity market up a bit. Lets see what is moving. Be a little bit of be a little bit careful of valuation. What you have got is the assets being moved or sent off. Some of the individual names were looking at they will deliver their numbers this week. The sunday times is are you going to share a buy back . Or an uplift. The first annual profit in a number of years. You will see a similar process here in the United Kingdom as we saw, the assets being taken out. You take the assets out in the stock is readjusted. Now this is the kind of headline you see at thomas cook. Lost two children on holiday in whole foods poisoning in a bungalow. Thomas cook received 3. 5 million pounds. Totals on goings settlement here in the u. K. The headlines around thomas cook are certainly not good this morning or yesterday morning. They are defending that position quite vociferously. The chicago fed governor says there is no compelling reason to hike rates. Even when you get there,
You are with me, mark barton for today. The bank holiday show. Breaking good news. Manufacturing data for the eurozone for the month of april the final estimate in a is slightly above the previous estimate 52. Their earlier was 51. 9. A slight improvement from the previous estimate from 52 versus 51. 9. Lets see have a euro has responded to that six weeks of gains out of seven against the u. S. Dollar. Slight decline. Download 0. 3 . March 13, the euro lower. It seemed only a few days before the euro might touch parity. It never happened. The euro is moving into the opposite direction. Six weeks of gains against the dollar and the last seven. Three days to go on the general election in the u. K. And the polls are putting labour and the conservatives net internet. No Group Expected to win a majority. And the conservatives are neck and neck. Joining us is Svenja Odonnell. Talk us through some other permutations of what we heard about over the weekend. Svenja odonnell if you managed to go