Surveillance. Lets check in on your markets. You can see the stoxx 600 pretty much flat. They are down a touch, but pretty much unchanged. We did see a nice rally that started in the u. S. Filtering through to asia. Oil advancing. Havea reminder, we may little trading volumes because it is president s day in the u. S. And Chinese Markets are closed after the new year. Coming up, we speak to the former italian Prime Minister. That is coming up next. Then we talked to Credit Suisse. We talk sustainable investing. Later on, we talk bonds, the selloff, and what is next in the markets with andrea silverman. Lets get to the bloomberg first word news. Nejra u. K. Prime minister theresa may and her ministers gather on thursday. May seeks to unite the factions in the cabinet. It is becoming clearer that the u. K. Wants to stay close to the union in some areas while breaking free in others. Employment numbers are scheduled for monday. Imports exports and both registered strong gains in january.
To impose the reforms being demanded by germany at the moment . That 85 billion euros of bailout figures, they want to see change happening in greece. Guess wasat one of my telling me earlier. Ftse 100 opens flat. Dax flat as well. We are waiting and seeing how greece plays out. They gather to discuss the bailout. And what happens in china . Calm after the storm. For the first time, we see the reference rate in china higher. We start to see stocks, shanghai currently up 0. 3 . We see moves to start to see the market taking action, or china stepping in, saying the market will be based on methodology now. The market will help dictate the foreign currency. It will intervene to help prevent excessive swings. Have bigtly ramifications in malaysia. Malaysia has political issues of its own. We see it down from 1. 7 . This is a key country to be keeping an eye on. Then on the move in the ringgit. Lets look at the foreign currency. This is the story of the week, the renminbi losing 3 against th
The Italian Economy grew by. 2 . The estimate was. 3 . France is stagnating and germany missed. Francine has had a little bit of an impact on euro dollar. Breaking news from greece. The government there is to request a confidence vote after talks concluded with the countrys creditors. Anchor it will follow a pame. To the e. C. B. Lets get straight to mark barton at the breaking news desk. This is a series of events that we thought might happen. Who brought this confidence vote forward . Mark yes, the vote passed. A majority of more than 151. Big majority. Hence we have the confidence vote after august 20 which as we know is the day that greece owes the e. C. B. Money. It needs that money to pay the e. C. B. So were in the quite there yet. Thet is just another day on calendar on top of a lot of dates in the next few days starting with the euro area finance ministers meeting at 3 00 p. M. In brussels. Lets remind our viewers what happened. Lawmakers approving that bailout that may unlock
Halt. The data not voting well for euro zone member which is are due imminently. Deals galore from goldmans. The invest ment bank selling its mines. And inturn buying deposits from ge capital. So that has come out. We have gdp from the Second Quarter at 1. 3 . Thats in line with expectation and an improvement from 1 the previous quarter. Thats the year on year number. The quarter on quarter number has come in at 0. 3 against a forecast of plus 0. 4. So fractionally below expectation which is some what in line with germany and italy earlier. They were both fractionally below expectation where france was significantly below and spain was significantly ahead. Overall the gdp number below expectation. Lets talk about the health of the consumer. Were just getting a look at the inflation picture in the euro zone. Consumer prices falling 0. 6 on the month. Rising 0. 2 from july of last year. Thats in line with expectations. Of course well below the 2 target that the ecb put in place as the me
Lets put on the fang trade. I think each of these companies specifically scott had something idiosyncratic and important an its own road map that sparked interest beyond just the last 90 days. Doc, facebook crushed it. Alphabet, mobile search driving. Amazon, the obvious thing, plus the cloud. These are not small revenue numbers were talking about here, judge. When looking at alphabet or google, up 25 year over year, the revenue side. This is a huge amount of revenue. This isnt like, you know, some of the stocks we talk about that, oh, it was 100 million and they beat by 1. 2 million dollars. No. These are in the billions. This is like appleesque kinds of numbers, and as people come on the air and like to say, the law of large numbers says they cant keep doing yes, they can, and yes, they did. And take a look at amazon. One important point on that, jon. We used to talk about these names, reverently, we would say, these are the companies that are going to figure out the future, and you