And irelands Pascal Donahoe is chosen at the next eurogroup president. He says the focus is to bring back jobs. I will play my part in working with all members of the eu eurogroup to make sure this group makes the contributions. The challenges are great but we will prevail and will overcome we kick off the show this morning with a major oil report crossing the latest is that the organization has bumped up its 2020 Oil Demand Forecast today but it has warned that the spread of covid19 has posed a risk to the outlook. Steves been pouring through this document and has all the analysis ill be honest, not every page i think its 81 pages i have from our friends at the iea. Its pretty much what the doctor told us oh, gosh, we interviewed him on stn a few weeks ago. The situation at the moment is its halftime in the year, of course theyre hoping for better out of the second half of the year. The commentary is casting a shadow and quite interesting. Saying, look we think things are going to reb
Britains lockdown. European stocks follow asiasing Economic Activity around the world with basic resources leading the way. Car sales in china rise for the first time in nearly two years and a sharp uturn from the 43 drop the month prior sno the german consumer good sees demand for cleaning products jump in the First Quarter but sales of shampoos and adhesives fall. 2. 2 billion deal to sell its business in the philippines is blocked by the local regulator. Good morning pe with seen green march back to the european boards as we begin a brandnew trading week what weve got across the board is reaction to gradual reopening of some economies in europe. Although there is a little more caution than weve seen in some countries like germany, south korea and china, wuhan directly, where the reemergence from lockdown has meant a spike in interest rate. The benchmark stoxx 600 rise of 0. 40, drifting off higher ranges with countries like spain not holding onto some initial green, and france track
As demand dips and price wars loom with brent reaching its lowest level since 2002. Awe quarry tet of eurozone banks scrap their proposal after the ecb wants to preserve cash until october in a bid to maintain liquidity the number of confirmed coronavirus globally has risen 723,000. The death toll has risen to 34,000 germany and france have started lockdown with germany. The number of deaths in italy has fallen for the second straight day tough restrictions remain in place. Elsewhere china says it has posted a drop in new cases for the fourth consecutive day as beijing battles against a second outbreak of the virus. How are the markets reacting to it markets are trading on the back foot in europe. We are seeing some pretty substantial losses coming together in the early hours of trade. Ftse 100 down 2. 6 in the germany the dax is holding up a little better, down just 1. 4 . A few sectors are getting a particularly hard hit this morning after some analysts weighed through the impact of
Rahim, ladies and gentlemen, welcome to the economic news. The price of zolbia and okra was determined. Based on this, each kilogram of zolbia and okra is sold for 170,000 tomans in firstclass trade units and 140,000 tomans in secondclass trade units. Today, the price of ash and helium was also announced. The price is 170 tomans for each kilo of ash and halim. It is considered that if you want to add more ingredients to that soup and halim, add more meat, maybe oil, add other ingredients, up to 200 tomans, finally. We considered ash halim herda ash and halim, director general of basic commodities supervision of the ministry of agricultural jihad, said that there is no shortage of basic commodities in ramadan and eid aladha. According to mr. Amrollahi, Continuous Monitoring of the market during ramadan and nowruz is on the agenda with the cooperation of atakaf and will be followed up seriously. Until the end of the holy month of ramadan , we do not have any price changes in basic goods
Next german finance minister could well be this man hes a probusiness centrist all of charlottes for his from the social Democrat Coalition partners and could soften the harsh face of austerity. And Business Executives will struggle to convince schultz to adopt a new Corporate Tax cuts modeled on those passed in the United States which have triggered a flood of investment the last Corporate Tax overhaul here was a decade ago the association of german chambers of commerce and industry praises the Coalition Pact for investing in Digital Education and broadband but theres criticism from other groups that nothing much is going to change under another grand coalition we spoke to tino boatmen of germanys Engineering Association the v. D. M. A he was certainly rather lukewarm about the coalitions tax plans. There is no increase of income tax only very very little to refuse the taxes in germany for the time being small things like what we call in germany. Are going down but not for everybody o