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up italy s troubled banks? so, welcome to the program. this is the pulse live here in london. first thing s first. let s check on the market. overall, we are seeing a lot of european shares on the downside. we had disappointing news in terms of earnings coming from japan. we also had disappointing figures from a cement company, goes to construction. it is the backbone of the european economy. i want to show you the pound. later on, it is the last time we hear from mark carney and the r expectations for interest rates. the last time we hear from them before the june 23rd referendum. a lot of banks are under pressure. now let s get straight to the bloomberg first word news. in mitsubishi motors have jumped by 16% after confirmation it is in talks with nissan, including for a possible capital tie up amid a fuel economy scandal. nissan is seeking a 33% stake in mitsubishi motors. credit agricole reported a decline at first quarter profit. net income fell to 227 million eu ....
pulse. live from bloomberg s european headquarters. i am francine lacqua. we are getting a little bit of eurozone breaking data. this is a picture of eurozone services, pmi is to 2.9, a touch , because it is slightly better than expected. we were expecting 52.7. 53.2 instead of 52.9. that is better than expected despite that better-than-expected eurozone figure. they are holding off their losses. banks were the biggest decliners. aday, a lot of earnings little bit of pressure on the back of commodities. today, banks seem to be the bright spot. you can see the all of the that you can see the index gaining you can see the index gaining. pound 133. let s get to the bloomberg first word news with nejra cehic. nejra: after taking accounted for two months, global oil prices are set for a violent reversal upwards. andy hall is telling his investors. in a letter obtained by bloomberg news, hall says oil supply is getting to strength is beginning to shrink. donald trump s ....
2013 bill gross says record low yields are not worth the risk. socgen s net income beats estimates and rises over 8%. the deputy sees tells bloomberg the french bank also receiving the brunt of brexit. today the risks are still very high. decision is creating an additional uncertainty. caroline: we are less than half an hour away from the european open. we are going to be digging into what we see in terms of the market futures. overall keep an eye on where we are trading. are up .2% at the moment, perhaps not the risk aversion we saw flow into asia overall. we are starting to see some hope looking forward after the significant selloff we saw yesterday in the banking industry could what a slump, down just industry and what a slump, down .3%. let s have a look at the workers were news with juliette saly. juliette: caroline, thank you. after taking a pounding, global oil prices is set for a violent reversal upwards. that is the story and a hall is telling investors. ....
. tom, we had a little bit of eurozone data out. continue watching a lot of the banks. we are waiting for standard chartered. hsbc all about cost-cutting. i do not see how that could be a good strategy. cost-cutting is front and center but all the focus is away from standard chartered on those european banks. bid thisbit of a morning. francine: they do a little bit. certainly some of the stronger banks. standard chartered coming up, we have to look at pretax, worse than expected. it is the capital buffers that investors are watching out before out for. ct1all, that first half capital ratio 13 13.1%. pretax a little bit below. capitalirst half ct1 ratio 13.1%. tom: standard chartered is an emerging market proxy. you ve got the mexican peso out to to 19. that is all you need to know about emerging markets. ian markets more than central america but you make a very good point that this is not really a u.k. bank. they are headquartered here but it is an asian bank. let s ....
for this morning i thought about putting deutsche bank. it s now gaining 10%. european stocks are doing, rebounding from the lowest levels since october 2013. euro stoxx 600 gaining. the banks gaining 3.5%, led by deutsche bank rising 10% after the german bank is considering buying back some of its debt. i want to show you the yen. the yen is so strong it may need more policy action from either the government or certainly from governor kuroda. let s get to breaking news out of italy. figures.ome in terms of some of the data, yesterday it was a little bit disappointing in germany. today, industrial output in italy falling to 0.7% month on month. it is worse than expected. this is the situation we will keep a close eye on. let s get to first word news. anti-establishment candidate, donald trump and bernie sanders have claimed injuries in the new hampshire primaries. sanders one easily over hillary clinton, meaning the democrats could be heading for a long and competitive ....