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euro-dollar. we are seeing a little bit more of dollar strength. we did hear from the european central bank. one of its board members saying it should adjust its policy guide before the summer. it shouldn t have any problems in the inside of the asset purchases. that s got the moves a little bit jittery. it s having an impact on euro-dollar. seeing a little bit of movement on those german bonds. , we have information from trump s first year. later on, we get a view on trade in the global economy. still to come, jim o neill. he talks emerging markets. to the firstaight word news. nejra: brent crude has gone through $70 for the first time in three years. closing level yesterday. hedge funds hit bullish bests. a view that opec and its partners will end their supply cuts early is spreading. all predicting a wind that will start from the middle of the year. offeringgovernment is a proposal to bring on the taps. according to three people with knowledge, they are considering a ....
surveillance. what a week we had on the markets last week. this is the tension as we get onto monday. this is what i m looking at in terms of stocks. they are gaining some 1.6%. we are also seeing futures in the u.s. pointing to a higher open. things can reverse quite quickly and change quite quickly. downan see the vix index some 10% and euro-dollar, 1.2276. if there is an infection beyond equities and the vix, it would be in credit markets. also coming up, we talk markets and last week s correction with morgan stanley. later on, we talked to eric nielsen, chief economist at unicredit. plus, we talk ecb and brexit. let s get straight to the bloomberg first word news. is readye u.s. says it to engage in nuclear talks with north korea. vice president mike pence dubbed the new strategy maximum pressure and engagement at the same time. the comments signal a shift in policy after they agreed to pursue a dialogue with pyongyang at the winter olympics. budget director mick m ....
anchor: you are welcome to the pulse. i am manus cranny. also ahead of this hour, we will speak to the former italian prime minister mario monti and get his reaction. that is at 9:45 a.m. stay tuned for that. he and for fox s, yanis varoufakis, has announced his stepping down. the news at degrees voted overwhelmingly to retract further astray ready in a referendum. prime minister alexis tsipras held at the result is a great victory. that would allow him to return to the negotiating table with a strengthened hand. with all of the angles covered. erik schatzker on the ground and paul gordon in frankfurt. mark barton is standing by. strata erik schatzker. what a 24 hours. the votes. what is the significance? varoufakis pulled one out of the bag. will do appreciate improve their negotiating? erik: let me quote from yanis varoufakis on his blog. an excerpt, soon after the results i was made aware of a certain preference by eurogroup partners from my absence, an idea ....
francine: welcome to the pulse . i am francine lacqua. manus: i am manus cranny. next 40 course of the minutes, we are joined by unicredit chief, it is erik nilsson in the house. francine: first, china stocks posted the biggest two day climb. manus: it rallied on news the government is considering shipping two major companies. francine: after data shows a large drop in it worse last month with the steepest decline in nearly six years. curranef economist enda joins us. what do the figures tell us about economy? enda curran: a very soft reading. some of china s biggest customers. illustrate how soft china s economy is when you strip away the impact of the big stockmarket boom we had in the second quarter. left with a lot of sluggish areas like manufacturing and factories and real estate sector. car sales falling for the first time in 17 years. to one ofn on exports the big engines of growth for china. into the second half of the year, pretty sluggish outlook right now ....
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 development s closely. we spoke to a key angela merkel advisor. he was pretty confident this is the boat will not only go through but will go through with a very large majority. our next guest says the greek house is burning. microhe head of rbs credit in research. thank you for coming in. maybe a brigade is little bit too late ....