Also, later we will speak to the iea about the u. S. Shale surge. Two great guests coming up in a couple seconds. European stocks are shrugging off a little bit of the declines we saw in asia. Better than expected german data, boosting sentiment there. Some of the most powerful central bankers gather in frankfurt that is definitely what we are looking up for. The Italian Economy sure, they did not qualify during the world cup, but the economy expanded better than thought. The 10 year briefly breaching 3 for the first time in 10 years. Lets get straight to the bloomberg first word news. Chief house tax writer says he has enough republican votes to pass the tax legislation this week. Kevin brady says he does not anticipate any major changes. Meanwhile, the white house says President Trump will speak about taxes thursday morning. And the house ways and Means Committee chair kevin brady joins us at six a copy of u. K. Time. Roy moore is facing a fresh allegation of sexual assault. The form
Lets check with caroline hyde. The markets are going to be looking at china. They are going to be looking at the United States as well. The chinese effect helping a little bit of green in the markets this one. Ftse up, spain getting a boost as well. The United States traded much higher. They have a bit of an influx, an appetite for risk on the back of the chinese news. Equivalent toan, 81 billion, is being pumped into the five biggest lenders. They are getting each 100 billion yuan. Instead of cutting the reserve ratio requirements, instead of cutting rates, this is an equivalent stimulus thomas so says goldman sachs. Worry about the chinese data . Spending over Retail Service have not been good. Investment has not been good. The central bank is reacting. I want to show you the reaction it had on commodities. Copper, look at how much did move. Up 1. 2 and continues to trade higher, up. 5 . We can also look at the oil market and the effect it had overnight. 2. 5 jump on the oil market.
The military is not letting up. Diplomats with the United Nations and russia and the United States a plan to get both government and opposition leaders to meet face to face. They have to bring the peice together next month in geneva to discuss ways to end the civil war the sighting has foisted more than eight hundred thousand syrians to flee into neighboring last but not many refugees are trying to seek shelter from the bitter cold temperatures that be dropping below zero at night. Those living in class in tents near the border. Im struggling to keep warm. Aid workers ages to beating casein stairs. I feel is in short supply. We flit from civil war left everything in my country. Im afraid that my children like milk it would survive in such cold weather. Well see medical workers fear people will develop pneumonia or other diseases. Un officials have appealed for more than six billion dollars in aid the largest requests the organization has ever made for a crisis in a single yet. Even whe
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