In infections or deaths could mean the tokyo economy could go in reverse. There is cautious optimism in europe. Spain and italy reported a decline in infection rates as people are told to stayathome over the easter break. Haidi we are getting breaking news out of south korea. The latest reading of the impact of the ongoing coronavirus pandemic having on this explosive economy. Of threetting a plunge point 8 when it comes to Industrial Production. That is actually better than the survey. We were expecting a contraction to the tune of four point 5 but 3. 8 percent contraction, worse than a contraction we saw in the month of january. When it comes to the year on year number, 11. 4 gained. A lot better than the 3. 4 that was surveyed and bouncing back well and truly from a contraction of 2. 4 percent. Seasonality issues will also be at play but we are expecting to it continued disruption when comes to supply chains, manufacturing, and overall industrial productivity and activity in korea a
Good morning, everybody. This is bloomberg daybreak europe. We will get into the big picture story in a moment. Breaking news. We are waiting for the Banking Sector to wake up with bnp numbers. Numbers coming through. Lets talk about what they have got to say this morning. They have decided to accelerate the pace of investment. Fourthquarter net interest income. That is ahead of the estimate of 6. 27. They have increased their mortgage volume income. This is a bank that is very exposed to the swedish Housing Market, of course. The impact of the slowdown we have seen in this Housing Market for this business is crucial. We have seen the biggest slump since the financial crisis, even as the economy has been growing faster than average for europe. Saying they see signs that pressure is easing on this Housing Market. Headlinerucial, the coming through. Manus we are officially in a correction. Falls by 2 from the high point. I said to you in the headline that the asian markets were careening
Concerns. They stopped short of a fullscale breakup, leaving estors questioning how big how quickly she can recover. Thats your Bloomberg Business flash. Matt thanks for a much for that. The president of zimbabwe is said to be step down. After a week of confrontation with the government, the forces have said action was needed to stave off a violent conflict. He is 93 years old. Whats the latest . It seems the situation is extremely fluid. Himself planning to step down. Theres a lot of secrecy. Not a lot coming through in regards to news on a regular basis. But we are hearing news that deal fore is negotiating a he and his wife to leave the country peacefully. This is the one people are looking to to take over at this point in time. Would it be guy what are the southeast south africa . What would they leave behind . South africa would probably be the first destination. Politicians seek asylum enzo oblique from here as well. A would say we offered it to use so you need to offer to us as