House election. And osborne hits wall street. The u. K. Chancellor heads to new york, aimed at shoring up confidence in the u. K. As economists think the bank of england governor could act as soon as this week. Caroline is in berlin. This is on the move. Not countdown. Im catching up with myself. It is too much for me. Futures up in london. Harris indicated up 1. 7 . This is a brisk march higher in the markets. What you saw there was a nice, strong reading. The world is asking itself, where are we . London, paris, frankfurt, the next indicated stronger as well. We have stronger market. Citigroup are bullish on commodities for 2017. Caroline . Caroline that march higher in futures being brought over from asian trading. We have seen significant gains on the msci asiapacific. It has been a cracker of a day in japan. Prime minister abes Ruling Coalition winning the upper house election. Earlier today, talking about old economic measures he wants to put in place. The yen underperforming as
It is that we have a broken political system we are trying to understand. How did it get to this situation you have with the divided party and what are the repercussions in europe . We are just trying to figure out where it goes and what it means for us here in europe. Tom i totally agree and particularly nation to nation as may makes a visit to merkel today. Now to our first word news, heres taylor riggs. Taylor Donald Trumps son announced that he had the number of votes needed to win the republican nomination. His son says that as president , trump will not take no for an answer. I know that when people tell him and cannot be done, that is when he guarantees it can be done. When someone tells him something is impossible, that is what triggers him into action. Taylor the convention also nominated mike pence. There will not be any hard targeting when theresa may meets with Angela Merkel. Merkel has said there will be no concrete negotiations until the u. K. Triggers the clause. May and
Lets begin with europes deflation by lemma. Consumer prices for the eurozone are at the top of the next hour. Our International Correspondent hans nichols, joins us now with more from berlin. It looks like draghis case for quantitative easing will be bolstered. Thats what we expect. If inflation does come in at 0. 1 draghi is going to have another argument for why he needs to start purchasing government bonds. On friday, we get consumer confidence. This is more the german case, the german theory of economy that most of inflation in decrease is largely due to the price of oil, which dropped over 50 in the last year. When we combine those two, the germans are saying you have a stimulative effect. This is Jens Weidmanns view of the world. He wants to see how Lower Oil Prices are affecting consumer confidence. Then he can say, im finally comfortable with quantitative easing. How long can the european economy weight . It doesnt look like the ecb is willing to wait. Even if we look at the co