Bloombergs European Headquarters in london. Manus what a week. Volatility has been the byword. European markets are trading higher, as asia attract the against today gain on u. S. Markets in more than six years. Francine lets get straight to mark bartons for all the barton for all the details. Mark what an amazing week. Chinese shares, the epicenter over the last week. Have a look at the shanghai composite. As i showed you, a five day chart. Because this week has been an extraordinary week. In the last couple days, the shanghai composite has rallied by 10. 5 . Dont forget. Over this five day period, in a number there you can see the shanghai composite is down by 8 . It is down 18 since the yuan devaluation. 38 following the market peak. Resurgence is down to speculation authorities are propping up markets before the president takes the stage at a world war ii victory parade next week. Thats whats pushing the chinese equity market higher for a second day. I want to put it in the context
Live coverage resumes at 9 00 a. M. Eastern on cspan3 and cspan. Org or listen live using the free cspan radio app. Most of puerto rico is still electricity and an estimated 100,000 residents have left the island. Puerto ricost Recovery Efforts and challenges. This House Committee hearing is three hours. The committee on Natural Resources will come to order. We welcome you here today. We are needing to her testimony on examining the challenges and puerto ricos recovery. We welcome you all here today. I ask for consent for the gentleman from california. The gentleman from new york. Illinoisgentleman from and the gentleman from new york, with the committee to participate in the hearing. If you notice, these three are already here. If there are no objections, that is so ordered. Under Committee Role fourf any statements i mask enough for consent that any member who wishes to make an Opening Statement be made part of the hearing record if they are submitted to the clerk by 5 00 p. M. Today
Howd be affecting the move . Remaining flat. Markets are phenomenally resilient. Greece is one of them. Russia is another. Ryan chilcote calls the talks at the moment small fry. Wait until they get to merkel. Could we get any kind of ceasefire in ukraine . At the moment remaining flat after 20 or 30 seconds into trading. Were looking at some of the stories when looking at the euro. Basically flat against the dollar as we will see. Business coming off of session lows. The euro looking flat. We are seeing a bit of a drop in the oil prices once again. U. S. Supplied actually, we are turning higher. Brent is up. 4 . New shakes in the oil market but it fell that little bit yesterday. The u. S. Supply imbalance with the demand. No real fear or terror happening in the bond market. We are seeing greek foreign, trading down a little bit. Still above 16 . We are seeing money coming of germany. Yields creeping slightly higher. The fiveyear look, we are still getting negative yield for fiveyear ge
Ukraines finance minister says the wartorn country needs for more Financial Support. Draghi versus the data. The release of pmi figures. Caroline the german chancellor Angela Merkel tells tsipras to stay the course. But our words and encouragement enough . Life to berlin. Live to berlin. Ryan welcome to countdown. We go live with the regulatory burdens. What does it mean for the banks . Chinese economy is showing further signs of a slowdown with manufacturing discipline falling to and from 11 month low. That has sent chinese stocks tumbling. Shery ahn joins us with the latest from hong kong. Shery the reading came in as a bit of a surprise because economists had expected it to become a above 50, showing a slight expansion in Manufacturing Activity but instead it came in at 49. 2. That is down from february. The index is weighted more heavily toward Smaller Companies. Analysts say if the official pmi data which falls on Larger Company slides that will reinforce the view that further pol
Welcome to those just waking up in the united states. This is the pulse. We are just getting pmi figures out of the eurozone. It is a little bit better than expected. The strength is coming from germany. The eurozone manufacturing for the month of march. Services also a little bit better. Germany doing rather well. France not doing so great. Lets get Immediate Reaction from hans nichols in berlin. Hans it looks like germany is Strong Enough to carry the rest of europe. We have the disappointing french numbers. We had the much better than expected german numbers. Almost a full percentage point. Clearly the German Economy is taking off. 23 months of expansion in germany. We have a surprise on the upside for the eurozone number asas a whole. The french news is disappointing, but mostly reason to be encouraged. Francine moving on to merkels meeting with the greek Prime Minister Alexis Tsipras. Lots of smiles, little progress. Did Alexis Tsipras gain anything from merkel . Hans the meeting