Draghi said the ecb will keep as much stimulus as the eu economy needs. We have an exclusive interview minister,s finance Pier Carlo Padoan. In london, european stocks, little changed. One hour into the trading day, up marginally for the fourth consecutive day. Best run since september. We have had fresh threats from north korea, sending money into haven assets. The euro falling for a second day post the german election down to 1. 1813. Falling five basis points in the wake of the german election. Brent crude is just a low 60 a barrel, down by. 6 . Why we saw gains in the last 24 hours, turkey threatened to shut down curtis shipments shutdown kurdish shipments through its territory. There is no a seven dollar spread between the benchmarks. Greece willank of start stress tests to determine if they need fresh capital before the greek bailout program. The results of the test could be ready in early may. That comes as maria draghi said yesterday the single supervisory mechanism might hurt
Through heat. The report out of the university of hawaii says 30 of people globally ask. s heat Strong Enough to be fatal. The study shows that figure could climb to 70 by the end of the century if Climate Change continues at current levels. News 24 hours per day powered by 2700 journalists and analysts in more than 120 countries. This is bloomberg. Julia live from bloombergs world headquarters, i am julia. Scarlet im scarlet fu. Joe and we are 20 minutes from the close of trading in the u. S. Julia it is the tech stocks that are the session winners. Miss . Hatd you scarlet meters harvester theresa mays election defeat preparing for an amazon monopoly. Amazon owned hold foods owned whole foods look like . We look at the latest on his fouryear legal battle over fannie and freddie. Julia lets take a look at where the average media averages stampeded bloombergs Abigail Doolittle is standing by. Abigail we have the dow and s p 500 and the nasdaq all trading higher. , both of those indexes
One china policy should be tied to trade. Prices, this Historic Deal to cut output. Oil jumping over 4 . Jumping to the highest since july 2015. Saudi arabia signaling it is ready to cut output more than agreed, while a nonopec countries including russia agreeing to pump less. Sophie we will have more about that deal in a bit, 30 minutes away from the open in china and hong kong. Singapore, taiwan, and malaysia coming online. What is going on in the oil patch . Game inhere is only one town, and it is demolishing every other safe haven. Gold retreating, bonds falling, all on the account of renewed Risk Appetite after the meeting between opec and nonopec members. Saudi arabias surprising the markets, saying it is willing to cut more than pledged. Russia and other noncartel members coming on board as well. Stocks, oil Energy Stocks leading the gains. Energyheavy markets like a straight up, the nikkei 225 getting that double boost, oil majors leading gains, but the impact of a weaker yen,
Anna a very warm welcome to bloomberg daybreak europe, our flagship morning show. Im joined by use of who is over into dachshund joined by yusuf who is over in dubai. Yusuf what caught my attention this morning, we are still in a low bond youll situation after the holidays and people still struggling to get back. Concerns are being set andifically between bonds inare up 235 basis points that spread. Very mind this is from 167 basis points back in november. Ofis of course an indication the lack of consensus among analysts when it comes to how european core yields are going to evolve in 2017. There is of course the scenario for lower longerterm yields and flatter curves supported by the low Inflation Expectation and rising Political Risk and they bond scarcity. Thats what keeps it interesting and very tense. Anna as we head toward the end of the year. Lets show where we are on various Asset Classes overnight. 3 . Sci asiapacific up this is the first time weve seen an increase in seven da
Indonesia changes its tune on mining exports, relaxing two year ban. And how the art world has lost its lustre, as buyers from china shy away. Good morning asia, hello world. It is a friday, almost a weekend. Glad you could join us for this edition of Asia Business report. I am this edition of Asia Business report. Iam rico this edition of Asia Business report. I am rico hizon. This edition of Asia Business report. Iam rico hizon. We this edition of Asia Business report. I am rico hizon. We start off with indonesia where the government has done an about face on its ban on raw mineral exports. Indonesia will now allow exports of more unprocessed minerals, a big change from two years ago when the government banned most exports to force Mining Companies to process minerals within the country. The president , joko widodo, explained his decision. Translation we need to make sure that our Natural Resources benefit our own people. Thats the founding principle, and oui thats the founding princ