Positive start. European equities were solidly bid on friday. This morning, where is the action . The pound softening up, 1. 2 991. We will talk about the dollar throughout the program. Jamie dimon pretty positive on the u. S. Right now. Has the market gone too far . The consensus trait seems to be negative dollar. Lets show you what else is going around the world. We will bring you the stories out of brussels, the greek twoyear not the most liquid story. Overnight,idly bid something to Pay Attention to as well. The commodities continue to be fascinating. Watch the chemicals sector at the getgo. This huntsman transaction could have action elsewhere. Heres haidi lun with the update. Haidi guy, thanks. In saudi arabia, u. S. President donald trump has told arab leaders that the war on terrorism isnt a fight between different faiths. He also called on middle east allies not to wait for u. S. Help to crush terror groups, and assure terrorists find no sanctuary. It was an attempt to ease co
On the last few days. The ftse just starting up a little bit. Well take a look at what this means for prices at the pump. And following the vice like grip of the handshake between president s trump and macron, were getting to grips with the perfect greeting and asking how important is the handshake . Hello and welcome to Business Live. Yesterday it was nato, today its the g7. A different place, sicily this time, a different combination of world leaders, a different agenda. Lets take a look at why its important. These seven countries account for getting on for half of the worlds wealth about 46 . But many of them are struggling with comparatively stagnant economies. The International Monetary fund is forecasting the worlds economy will grow by 3. 5 this year, butjust1. 9 in the g7. Also high on the list of worries the rise of Trade Protectionism after President Trump came to power promising to put america first. The other g7 members will be pushing him to soften this position. Then ther
Happy president s day if you are joining us from the United States. Good afternoon. Anna edwards, good afternoon. There you go. Stoxx 600 up for a second consecutive day, the highest level since december. It will be a quieter day today because of the president s day holiday. No chart shows a better story, no two day chart shows a better. Tory 143 billion, that was the bid put on the table for unilver from kraft heinz. The shares surged 13 on friday. The biggest gain ever, a record. Or unilver today, shares fell 9 . Kraft heinz walking away. Sixceo of unilver had months to put his ship in order because takeovers to debate that kraft cannot come back for six months. s defenses were not formidable, such as low Stock Ownership by management. Credibility may take a hit Going Forward. That is an interesting angle. Rbs shares up to a oneyear high after it said it would scrap its planned sale of its Consumer Banking division. Investors are optimistic today. The rbs is closer to resolving these
You are watching the pulse in london. I am guy johnson. France being not here today. Francine not here today. Lets talk about the day after draghi. The president of the central bank outlined the timeline for his 1 trillion euro q. E. Program. The central bank will stop eyeing bonds on march 9. Buying bonds on march 9. Draghi at this point in time, we see absolutely no reason to think or plan or act in any different way from what we planned, namely purchasing of 60 billion euros a month of securities on till september 2016. Or beyond if needed. Guy mario draghi also announced that the ecb had extended emergency funding to greek banks by 500 million euros. And stood ready to resume by greek debt by july if greece repays bonds due by then. The political pressure from the euro Group Members shows no sign of easing. Yesterday i spoke to the maltese Prime Minister. He is insisted the country wont take a haircut on the first greek bailout. Prime minister of malta we are the biggest contributo
His decision to resign online a short time ago. He said his departure could help the Prime Minister negotiate a way out of the countrys debt crisis. He said he would wear the creditors loathing with pride. Thousands of people celebrated in athens Central Square cheering waving flags and setting off fire crackers as well. The no vote is unprecedented and it could send greece on an exit path. The government is reacting to the resignation. Yanis varoufakis played a key role or a leading role in the negotiations as the finance minister since the first day of the government. The Prime Minister feels a need to thank him for his unremitting efforts to promote the governments interests and position to the greek people under difficult conditions. Under the counsel of political leaders his replacement will be announced and that meeting is happening as we speak. And Elinda Labropoulou joins us from ath witness the latest developments. We are hopefully going to be hearing from Alexis Tsipras right