Over greek negotiations. The Prime Minister says he wont make an unconditional agreement with International Creditors as germany says its still waiting to see a comprehensive reforms list. Kingfisher does some home improvement. The retailer closes its diy stores in the u. K. As profits fall and scraps plans to merge where its french rival sending shares higher. Good morning and welcome to the show. We just got the numbers from italy in the form of february jobless numbers. They edged up to 7. 7 in terms of the jobless rate and unemployment rising as well. Data out of germany this morning. Absolutely. German jobless claims. Lets look at the numbers. March adjusted jobless rate at a new record low of 6. 4 . Another data point. Falling to 2. 93 million versus 3. 01 million in the month of february. So once again better than expected data out of germany. We should point out one of the best performing markets in europe as you were pointing out yesterday is germany. That trade continues to b
Draining liquidity. We understand from our sources. Looking at the nikkei there. As you can see, dollar yen. Traders got fed up trying to short the euro. They have switched the gun point back to probably higher statistical hit. Which is the yen. We are pacing the yen touching levels up around the yearend cause. It is around 125. Youre at a 12year low. The longest winning streak since 199. What happens in asia what is driving europe . Is it the potential for a grexit or a default in greece . Is that contained . Brinkman ship is dangerous. We have g. D. P. Numbers in the united kingdom. Eurozone confidence numbers later on in the day. The question you to ask yourself is will they reach any kind of marks and spencers in the u. K. Kingfisher popped up there in the top three stocks on the u. K. Opening sweep. Lets look at that. King fisher in line. 150 million pounds. Stock up 1. 8 . B. P. Down. The price target trading at 453 at the moment. 526. 5. The headwinds have abated but not disappe
We dont think of any asset bubble bubble. We cannot allow instability. European stocks in the red as officials dampen hopes of an imminent deal with greece. Ecb board member tells cnbc the central bank wont bend the rules to save athens. One has to be quite clear. We do not have a possibility to do financing. Meanwhile, fifa presses ahead with its president ial election. This as authorities reveal the number of authorities arrested for criminal charges are facing extradition to the u. S. Welcome to Worldwide Exchange. Record volumes in shanghai as the composite index ended the session down 6. 5 . This after the chinese stock index closed at a 7 year high in yesterdays trade. Why did we see such a big sell off in the Chinese Market . Lets get to have following asias trading action live in singapore. Hi there. Ive been saying for sometime that potential is building in the market and on capital connection. I was talking to darius who agreed with me. Before this correction happened we were
Issue basically in france right now, 11 unemployment. Japan suffers the first negative effect of the sales tax hike in april. Retail sales in the country fell at their fastest pace in three years. Youre watching worldwide exchange. Bringing you Business News from around the globe. A warm welcome again to todays edition of worldwide exchange. Lets get to one of our top stories straight away. Apple is buying beats electronics for 3 billion to boost its music business. Streaming services encroach on itunes. Apple doesnt only gets beats streaming service and its market leading highend head phones but high profile talent. Beats cofounder jimmy ivin and dr. Dre, too. Now, apple expects the deal to close in its fiscal Fourth Quarter. Tim cook tweeted this photo, saying, sharing a laugh with jimmy and dre. Interestingly for apple here, what do you think of it . I think its an interesting move. Because over the sort of past 20 years apple has been very much seen as a product innovator. And this
Immigrants into the state. You think in the short run its going to help. But in the long run it came back to really bite us in the ass. And fed up and on foot. A small town marry takes the long road to save his community and standing up to the health care industry. Its so bad that i got my fat self up and walk to washington, d. C. About it. Thats how egregious it is. The new ground zero in the fight against not just affordable but any health care. And good evening, thanks for joining us. Im joie chen. These are tense times in gaza. After a sharp upsurge in violence on both sides of the divide, and more blame lobbed from both sides too. A mortar shot from gaza killed four Israeli Soldiers and wounded ten more. The Israeli Soldiers said they killed palestinians, from the tunnels, theres a new controversy as at least eight peoples people, most of them children, were killed and Dozens Injured in the shelling of a park in a Major Community in gaza. Again, israeli s and hamas accuse each oth