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And troubles brewing for carlsberg as a fall in sales and a writedown in its key russian market sent shares in the danish beer maker lower we will speak to the carlsberg ceo at 11 00 a. M. Cet. And lower sales and a tax charge take their toll sending shares lower sounds like we have a deal in germany talks forming for a Coalition Government between Angela Merkels government and the spd. The talks deadline was sunday night, but they have blown through that deadline. It seems now like the two sides have come to an agreement. They have agreed on a formal deal, thats according to a conservative politician and a Source Associated with reuters another source says an agreement could not be seated ael sealed s still formalized writing to go through. This could take the country closer to a new government after four month ....
A little more epic than it is now. There is plenty else going on. The outflow has continued, everyone else is can trying to reenact react. Laws the vietnam vietnamese, you see big things like that, you know things are happening. These are the two things for today. You have china going on, and he said and the fed. They are two big weights. Ways, they said is looking to move policy, and so are the chinese. People feeling that any stimulus would signify a worsening in the economy. The good news is we get Federal Reserve minutes. How much where they worried about chinese stocks then . We did not know how they were responding to the evaluation the valuation. Guy we have a great show. We will be talking about greece. One vote in the netherlands and another in germany, we will run you through those. Lets continue the conversation surrounding the asian market with juliet. Juliet good morning. Ride on the shanghai market. It is down by 2. ....
We suddenly saw the shanghai composite end in the green amid speculation about whether or not we would see more stimulus to come. Monetary policy quickly kicked in. Will bewhat juliette talking about in a moment but in europe are still concerned about the commodity index. Bloomberg tracks as the lowest since 2002. The selloff is continuing. Look out for those Big Oil Majors today, and glencore after they came out with their numbers. The dax is now opening 9 10 of a percent down. Stop buyingtime to these chinese stocks like the luxury good makers. Have the fundamentals in china changed that much . And they have Pricing Power in china maybe is tryinime to analyze whether its good to buy. We are opening on a downward as greece goestory to the last stages of its marathon to get this third bailout. This is 86 billion euros. We know that germany will be starting a debate around abou ....
Also coming up, cathe pacific is hit by lawsuits. We speak to the chief executive ivan chu at 10 30 a. M. We are getting news from the Norwegian Wealth Fund following it decline. This is the biggest Sovereign Wealth Fund in the world. It has invested a lot in oil. It has tried to focus more on real estate. Falling 0. 9 . I think that is in terms of revenue. Manus cranny will have an interview, the only exclusive interview for International Media with the ceo of norgas bank later on. That will come to you on the pulse. The German Parliament is right now debating whether to approve the greek rescue package. Hans nicholsrlin has been following the developments closely. We spoke to a key Angela Mer ....