Says it may do more. Is china next . Referendum two weeks away, the u. K. Housing demand drops at its fastest pace since 2008. Threatsbrexit undermining the foundation . We are around 30 minutes away from the european oaken but we also have this coming up in brussels by mario draghi. What are we listening for . Asking the Vice President of the European Commission what he expected to and heom mario draghi says he thinks the ecb will urge structural reform, especially in the southern mediterranean countries well urging more fiscal stimulus from northern governments. What was a surprise to me this morning was that the director general said they have no contingency plan here at the European Commission for annex it from the European Union. I thought it was quite amazing so optimisticll that this vote will go over for the remain cap that they do not seem to have they do not seem to want to let on that they are even thinking about the possibility of an exit. Guy im sure that they are but neve
I am Francine Lacqua. Lets get straight to the markets. That is where revenues coming from. For the first time in a long time, were going to start with currencies. 14. Pound below sayingchanges investors whatever happens, the pound will go lower. The stoxx 600 down 1 . I want to show you eurodollar as well. The ecb will have to consider going into more negative territory. Well get you oil and the right price very shortly. I think that may be copper. Lets get onto copper because this is where we see some of the biggest falls overall. Get to the bloomberg first reviews with nejra cehic. Nara . Declinesl has extended after iran says was ridiculous. Irans oil Prime Minister says it is unrealistic demands on his country. Shouldcost producers bear the burden of the surplus and has reaffirmed the kingdoms commitment. Donald trump has won the nevada caucuses. The nomination the when makes him the victor in three of the four steps that have voted on the desk for states that have voted on the re
Engineering giant plans a 3 billion buyback. Welcome. This is the pulse. Mario draghi is speaking in the European Parliament right now. Pastid that q. E. Will run september 2016 if needed. Aredownside Economic Risks visible. His comments had driven the euro lower against the dollar, sterling and yen. The fed is, as expected to hike rates, widmark the First Time Since 1994 there was Monetary Policy diversions between europe and the u. S. Back then, janet yellen was teaching at university. Mario draghi was a senior Civil Servant in the italian finance ministry. Europes benchmark break was set by germany. That months, the fed boosted benchmark rates to 3. 5 . The Buddhist Bank cut its discount rate by half a percentage point. Cut itsundesbank discount rate by half a percentage point to it who better to discuss these issues then my guest. The founder and managing director. Richard jones is in the house, from the bloomberg first word team. We heraard from you before. You are listening to dr
Welcome to the pulse, live from london. Nikkei hasns recorded its biggest oneday gain since 2008. That came as asian stocks rose across the board amid optimism that chinese policymakers will succeed in stabilizing the mainland equity markets. Francine the chinese premier will address an evening session of the World Economic forum and discuss the state of chinas economy later this morning. To round up all the market moves, lets get to mark barton. Mark what is going on today , then . The asia pacific index rose the most since 2009 in the last two days. The shanghai composite Index Benchmark has risen by 5. 3 , all on this belief that china will stabilize its Financial Markets. It comes after all three u. S. Indices went down, their secondbiggest gain of 2015. Index hadsiapacific its biggest gains in 2009 not the most astonishing move today in asia. This is the most astonishing move yesterday, 24 hours ago, we were talking about the nikkei erasing all of this years gains. What a differen
As to where we will go next week. A little pop in equities. We are seeing a good week for copper did training up. 1 . More than 5 trading here in london and asia. Clearly there has been an appetite as we see glencore output back where there where the output for copper will be going. Not so when you look at another commodity, oil on the downward should victory. Trajectory. Wnward cutting 2015 outlook for crude 248. Tos outlook for crude 48. It is eyeing up a company in the u. S. , ff pharma. And manages office space could it have really been 3 billion pounds. It was a blackstone potentially, but the rumors continue. The share price goes higher. By. 6 . Tal up they are pulling back on china, because of corruption investigations. Back to you. Jonathan 10 minutes into it two minutes into the session. Another choppy week. Shery ahn, your asian market wrap. Shery it is a mixed picture today with markets lacking. The shanghai composite wasnt negative territory most of the day. In the last 40