German made easy. To w. s program guide. The highlights leave the home runs. Dot com highlights. What does a football loving country need to reach its goals. Well tell you how german soccer made it back to the top. In our web special. Dot com football made in germany. On hold the e. C. B. Leaves its key Interest Rates unchanged the u. S. Economy looks so strong that the fed raises rates yet again policy divergence widens the World Trade Organizations Ministerial Conference ends in discord its chief calling for some global soul searching. And holiday chaos for thousands of stranded passengers low cost european carey and nicki collapses who will rescue the airline and all its customers. And then fizzle and lets do business the e. C. B. Has upgraded its growth forecast for the eurozone but left open any moves by the bank to exit its monetary stimulus scheme the European Central bank has kept its benchmark refinancing rate at an historic low of zero percent and it will stay there for an ex
From training to equipment to some sort of supervision command structures and everything all this has to be built up it costs a lot of money so the European Union has no doubled its funding to one hundred Million Euros the arab countries are giving some money the United States a bit and they are trying to reach three hundred million today but the even going to need more next year because this multinational troop is supposed to be operational mid twenty eighteen that is very and bishops says finances force is going from what you say most of them to still be recruited look at lee but the french also deployed some full two thousand troops to the region barbara what about germany. Germany has about two thousand troops there however these a mostly military via advisors there are trainers there people who build up medical facilities and so on its a force we know pullin traditionally has a problem was putting soldiers in such dangerous crisis areas france has been the colonial power in that r
It is a bank holiday. A lot of the data in the u. K. Closed. The ftse is not trading today. I still want to give you a quick snapshot of whats happening across europe without the ftse 100. It is down some 0. 4 . Dollareuro is the one im keeping an eye on for the week. Maria draghi, the ecb president , refrained from talking down the euro. This is what im looking at. Im looking at dollar. Kuroda,peak to governor a fantastic interview by Kathleen Hays. Crude oil, 47. 43. We are seeing a Little Movement for gasoline prices. It could also impact the oil prices. Lets get to the bloomberg first word news. Heres nejra cehic. Nejra in the u. S. , houston is battling unprecedented rainfall following the biggest storm in the history of texas. The down for has crippled the core of the u. S. Energy industry. Gasoline has surged to the highest in two years. The president of the cleveland fed urged her colleagues to look past recent inflation data and stick to their gradual pace of lifting Interest
The month of may, by without the Prime Minister. Other Party Leaders go head to head as the latest polls show labour closing the gap on the conservatives ahead of the june 8th election. The Russian Central Bank governor tells cnbc exclusively that there is room for Interest Rates to go lower. We cut our Interest Rates. I think we have room for easing more. The base of this easing will depend on the economic situation. Glad youre with us on this thursday morning. Lets get straight to eurozone Economic Data in the form of eurozone manufacturing pmi, surging in may as new orders mount up. We have the may final factory reading at 57, the strongest in over six years. Were seeing from the report that inflationary pressures have stayed strong. Euro dollar not acting too much to this. Off by 0. 1 at 112. 31. The italian pmi falling back in may versus april. The french number pulling back from sixyear highs. The german number once again was quite strong. Lets look at the European Markets. The f
Group, 275 bi 275 bilper share. The Italian Government is reportedly ready to inject 15 billion euros into monte dei paschi giving the shares a a boost, after the ailing lender reopens its debt swap offer to investors. Lufthansa agrees to mediated talks with the german pilots union, telling investors its confident it can find a solution to the longrunning pay dispute dating back to 2012. Goldman sachs raises its Oil Price Outlook for the Second Quarter of 2017, but warns Dollar Strength could limit the nearterm upside for oil prices. With markets i up and trading this morning, its a mixed bag. We are struggling for escape velocity in either direction. Pretty much flat line on the stoxx 600. The individual indices are really not showing a great deal of conviction at this stage. The cac is flat. The ftse flat. The ftse mib in italy doing a little better, i guess, than the average here. Even so, thats a modest gain as far as europe is concerned. I suspect just a bit of pause for thought a