Standing by to deliver the stories that will deliver your day. More on the chinese Inflation Report. Any selloff on asian stocks. Following the renewed selloff in u. S. Tech shares. David is in berlin, covering Angela Merkels first visit to athens since 2000 wealth. 2012. Deb the latest, lets go to in hong kong. Morning, zeb. A down day across the asiapacific. The selloff in wall street precipitated it. The latest Inflation Numbers in china having an impact. Ofn we look at the data out china, inflation below the governments target of 3. 5 . There is the expectation that there will be additional stimulus rolled out, but markets are not taking it positively. The index tumbling. Lets take a look at the numbers. Down one percent. Japan, the biggest decline or in terms of percentage of value. Tech stocks getting hit harder. The story is in hong kong. China shares falling. The Mainland Chinese Companies listed down two percent. A very difficult week. , modestlyr index higher thanks to the ho
European markets just opening up. Lets talk to manus cranny. Equity markets are set to bounce. You have rising equity markets around europe. Auto sales a little better than estimated. One thing to bear in mind is emerging markets. You have iraq tensions rising. A small number a small number of troops being brought in. Is there something bigger at play in emerging markets . You see the cpi. Expected to come in around 1. 7 . Youve got two major stocks on the move in the u. K. Sales beating estimates. 4500 new hotels being created. Reuters says pharmaceuticals have hired to brace themselves for the prospect of possibly being the subject of a take being a takeover target. Easyjet has just come back from i have just come back from two weeks away. The whole of europe is on holiday in june. Germany is going to come out a little later. Then followed by the u. S. We are taking you through some of the top u. K. Stocks. Auto sales rose for the ninth consecutive month in a row. 1. 13 new registrat
Scotland . More or less than a connect. You are seeing the yes vote rise in the no vote fall. Get thebeginning to confidence of investors. Will speakllande about industrial policy in france. Keep an eye on oil. Libya upping their production. Volume in the u. K. Was 22 . Volatility rising by 22 . Industrial production and many manufacturing hiked a little bit. Enewed sanctions we are seeing that rise at the start of trade today. Up. K targets with growing earnings per share between 10 and 15 . Bucking the overall trend. Alstom involved in bribery in the u. K. That story taking a little bit of the form. Loreal said it would grow. Now he is saying the growth would be between 3 and three and a half percent. That is taking the stock lower. Keep an eye on that particular stock in paris. This is the overall trend. That is undeniable. Asian markets we saw a renewed. The dollar off sixyear highs. The yen on sixyear lows. The need for more stimulus. Beat is what advisers to a have been saying. 1
Services had sent six ambulances, a mass casualty truck and supporting officers and equipment to help. Reporter what you see down there . What was the storm like . It was just pouring down rain real hard. It just came up real quick. And then it was a lot of hail and a lot of damage. Wind blowing, trees blowing. Its been a lot of stuff. The area was under a Tornado Warning this morning after a National Weather Service Radar indicated a water spout over the chesapeake bay. Howard, were not going to have problems like that here but we certainly have seen some rain this morning. We v. I want to take you to southeastern virginia at 8 00. It seemed to be happening about 8 00, 8 15. This is the storm. This is norfolk, the Virginia Beach area, richmond. We had some heavy storms down here. Not so much by us. You can see all the lightning popping with it. This came across, certainly had some wind and rotation with it. Whether or not its a tornado, the Weather Service will go and do a survey. Loo
Standing by across the world, ready to deliver the stories that will drive your day. The best of 35 million worth of samsung product. Berlin nichols is in following bmw as it struggles to keep its lead against audi and vw. Finance ministers gather. Coming up on our break, the gold industry supports plans to change how the Precious Metals benchmark is decided. We have an exclusive interview with the World Gold Councils Natalie Dempster. That will be at 7 30 london time. Samsung has disappointed investors with its secondquarter earnings. It is protesting a recovery for later in the year. Eh . Ng misses the mark, the Third Straight quarterly drop here at 24 . Samsung has forecast for the second quarter. Multiple elements at work here. They say increasing competition from lowcost chinese vendors, even some european vendors have an impact on sales. Apple wrapping up its competition in the highend space, particularly with those phones with the large screens which will go on sale later in the