Good morning. You are watching the pulse. Im guy johnson. We promised breaking news from the Central Banks and i said it would kick off with norway. The Norwegian Central Bank has cut its key rate by 25 basis points. That takes them to 1. 25 . That is the norwegian krone versus the swedish krona. A useful pair to look at in these scenarios. As you can see, we are seeing a sharp drop as a result of the news that is emerging from norway. A Central Bank Cut from the ritz bank. We kind of expected that we would get some news coming out, but we knew this was a possibility not fully priced into the crosses. There is one of the key crosses and it is down 1. 27 . Hour, we start to get the ecb coming out with news. The bank of england will be out with a pole. We hear from carney today as well. We have the Russian Central Bank coming out as well. The ecb news starts to kick off now. The real news is what the ecb is saying let me just run you through the details. Low for an extended period, Oil P
Without an agreement. These sites are trying to merge differences over the eight program that the new greek government blame towards economic woes but the absence of a deal or even a plan for a move forward has not been agreed. Finance ministers jan mr. Yanis varoufakis minister varoufakis from crisis to crisis, we always find a solution. Brendan obama requests more military action against Islamic States, and many say the president is likely to get his way. The political maneuvering is expected to be extremely partisan. Some think republicans think limits on Ground Troops could tie the president s hands. The president emphasized a clear vision for how to move forward. President obama i do not believe americas interests are served by endless war or by remaining on a perpetual war footing. As a nation, we need to ask the difficult and necessary questions about when, why, and how we use military force. After all, it is our troops who bear the costs of our decisions, and we owed them a Cle
Will be that half past after the hour. The European Central bank is not making it easier for greece as a new government prepares to extend the loan required. The ecb gave greece a small increase in emergency funds. Theres report out of the ecb was to reduce capital controls. Lets find out what we know and what we need to know. Husband locals, he joins us from a berlin honda nichols, he joins us from berlin. They may be playing hardball. Says what it looks like. These two stories could be related. The ecb could not force the greek centralbank to impose controls. That would have to come from greece. If they only have so much breathing room to the emergency equity assistance that could have the effect of forcing them in effect to impose capital controls. It is report at the frankfurt newspaper, which is very well sourced in german circles. Its unclear if this view that german ship greek should impose as paneuropean or just a german view and they want to help make it a reality. We are wait
Greece is in the forefront of everybodys mind for it it seems it will make the 200 million payment and then what . In terms of the agreement and labor laws and pensions will they actually have to default or exit . We had George Magnus saying this Time Next Year he feels greece will be potentially moving toward the exit of europe. We are going to get a short do over at kicking the can down the road. Italy up by 0. 4 today. We had Market Action over in australia. Targets reaction to the Central Bank Cut once again a record low rate for australia. It seems a slowdown in china continued to hurt in terms of the job. Australian dollar is pushing higher after the rate lower to 2 up by 0. 25 . Most economists we spoke with 25 of 29 without we would get to the second cut this year by australia trying to stimulate its economy. The aussie dollar goes higher. We had papadavid who is confused by some of the currencies earlier. Meanwhile, a Norwegian Bank could indeed move as well. According to what