Live from european take with from bloombergs European Headquarters. We are getting breaking news for Eurozone Services pmi. We did have the individual breakdown and most of them were a low expectations. Euro area as a whole fall and 52. 8 . Better than the preliminary 52. 4 . If you have the breakdown, it is pmiany Services June falling 23. 7 . Lets check on euro dollars. Lets go straight to the market. We are seeing a little bit of the rally that we saw faltering. A lot of stocks slumping, commodities down. Lets get those boards up if we can. Global stocks dropping for the first time in more than a week. This is mainly linked to what we are seeing in the banks. I want to show you some general index. It is the italian banks that is giving investors headaches. There is more possible to of bank bailout in italy. That is giving investors calls to be cautious. Lets get to first word news with nejra cehic. Nejra Australian Central Bank has held Interest Rates as it from an inconclusive gene
I am Francine Lacqua. Manus it comes in just below the number. 53. 7. The Market Survey was for 54 . This is the market Eurozone Services purchasing Managers Index. That is just a shade lower than we had anticipated. Was about 50 . It is still in expansion mode. It is the industrial prowess of germany we are looking for. It has been called into question after we had the vw scandal. We had concerns about china growing. That is why every single piece of data we had is so powerful. Now, glencore shares have sore this morning. We have reports that the commodities giant is talking to potential buyers. Rocked in hong kong and is up over 10 . The company says it is not aware for any reasons for the movement and chairs. The bloomberg chief energy and commodities responder. Up 70 at one stage. Glencore does not know of any reason why this would ramp u p like this. If you look to us 10 days of the Share Performance of glencore, lets not forget we are talking about a 5100 company. They rarely mov
Also coming up this hour in business, we will have the latest from the paris motor show. As sales start to pick up, carmakers are targeting the premium market in europe. Andre will be looking at the latest technology on display. We will be live from the pentagon to speak with rear admiral john kirby. How confident is the American Military that they can defeat to hottests jihadists in syria and iraq . Is this war even when a book winnable . We will be putting those questions to the spokesperson in a few minutes. There have been several clashes in hong kong today. In two separate locations groups opposed to the demonstrators tried to dismantle barricades saying they were fed up with disruption to business and daily lives. Police had to separate the groups. Protesters are still in the streets calling on the chief executive to step down despite his offer to hold talks. Outside the Hong Kong Government Buildings Police try to remove their kids erected move barricades erected by protesters.
The chinese premier has made his final address to the National Peoples congress as the country prepares for a transition of power. He listed what had been achieved for the past 10 years and set ambitious targets for the next decade including boosting Economic Growth, tackling corruption and addressing economic inequalities. The change in leadership in Chinas Communist Party takes place once every 10 years. President hu jintao will also step down. For the last time, the chinese president opened a session of the national peepers peoples conference. Xi jinping is set to take over as president. It is also outgoing leader wen jiabaos last conference. This years Economic Growth target of around 7. 5 is necessary and appropriate, and we need to work hard to achieve it. Sustaining strong growth of the last decade is becoming harder for china. Beijing need to pay for its ambitious projects, which range from better Environmental Protection and fighting poverty to upgrading the armed forces. Mili
Hello and a warm welcome to the journal coming to you from dw. Chinas outgoing premier announces record Government Spending at the opening of the National Peoples congress. One of the worlds most important, shows opening in geneva with vw introducing its new concept car. And in world soccer, the Champions League finals. The chinese premier has made his final address to the National Peoples congress as the country prepares for a transition of power. He listed what had been achieved for the past 10 years and set ambitious targets for the next decade including boosting Economic Growth, tackling corruption and addressing economic inequalities. The change in leadership in Chinas Communist Party takes place once every 10 years. President hu jintao will also step down. For the last time, the chinese president opened a session of the national peepers peoples conference. Xi jinping is set to take over as president. It is also outgoing leader wen jiabaos last conference. This years Economic Grow