Bidding farewell to its late leader a state funeral is being held for the president here. And joining us roscoe with the sports. Fans celebrate as a whole takes the English Premier League title for the 1st time in 30 years when they were scrabble set up in the race for the crown. To start this news in iraq where the Security Officials there have raided a base belonging to an iranian backed armed group 10 rockets were seized and at least 13 members of hezbollah were detained including its commanders the groups fighters and are demanding their release lets go straight to baghdad where correspondent Simona Fulton is standing by for us so mona can you walk us through just what happened here. Well last night the Iraq Counterterrorism forces received an order from the Prime Minister to carry out a raid on one of the basis of. A southern neighborhood of baghdad they detained at least 13 people and seized 10 rockets and this operation was according to my sources in an effort to prevent an impe
We are also watching currency, the dollar has been the big story this week. The euro as well as its counterpart. We are taking a pause from the rally after the ecb, but if we see a gain today, that would take that streak for the longest in 16 years of nine days straight. So far it is flat. Flirting withlar . 70 for the first time this year. The dollar weakening across the board with the exception of the yen. Dollaryen, and offshore hovering. We are watching the bond markets as well. The mliv question is, the yields we are seeing, will they disrupt the equity rally . The u. S. 10 year after the u. S. Jobless numbers that fell again, treasuries ing the worst brent slipping after they did extend cuts after a breakthrough with iraq. Tom the European Central bank did put its money where its mouth is, announcing a bigger than expected increase in emergency bond buying, responding to what it calls the unprecedented contraction in the euro area economy. Kathleen hays has the story. What is dri
Markets i treasuries as well. The aussie 10 year yield down 16 basis points and money rush into the end. Oil in a bit of a freefall once again. Brent crude down more than 6. 5 . We areke below 20 and watching indonesia here in particular just coming online. The stock index drops re. 5 . Once again, we are seeing a lot of these em volatilities, back once again. We are watching the pboc after that interesting move to cut the seven day repo rate by 20 basis points so they are joining in on the stimulus ways. Lets get more on this with david ingles coming forward. We are watching u. S. Futures in particular continue to head lower. Lets start with the 7 billion injection into the system. I mean, quite a bit. David yes. A couple of things i guess to get out there. You dont normally see a reduction of this magnitude from the pboc. You also have to consider the fact that we know the economy is not doing well and in fact, the latest forecasts now suggest quarter on quarter, you take the median.
The west is winning the words of the u. S. Secretary of state taking aim at china and russia mike peo also sought to reassure european allies concerned by president trumps policies but is the u. S. Stance on Global Politics really that positive for the western powers or is it on the mining their alliance this is inside story. Hello and welcome to the program im peter dalby Transatlantic Relations are not what they once were neither is the relationship indeed between france and germany and european leaders are concerned by the us president Donald Trumps america 1st policy theyve to fit with him in several areas from iran to china this was reflected during the annual Munich Security Conference divisions arose between leaders as they discussed whether the west is losing influence to other global powers the answer from the u. S. Secretary of state mike pompei a was everything is just fine pompei you boasted the west is winning and the Transatlantic Alliance is not dead it rejected remarks
The west is winning the words of the u. S. Secretary of state taking aim at china and russia mike peo also sought to reassure european allies concerned by president trumps policies pot is the us stones on Global Politics really that positive for the western powers or is it on the mining their alliance this is inside story. Hello and welcome to the program im peter davi Transatlantic Relations are not what they once were neither is the relationship indeed between france and germany and european leaders are concerned by the us president Donald Trumps america 1st policy theyve to fit with him in several areas from iran to china this was reflected during the annual Munich Security Conference divisions arose between leaders as they discussed whether the west is losing influence to other global powers the answer from the u. S. Secretary of state mike pompei a was everything is just fine pompei you boasted the west is winning and the Transatlantic Alliance is not dead it rejected remarks by t