I am manus cranny. A big day for greece. And the last hour, the government repaid 5. 8 billion euros of ecb, imf, and bank of greece. Angela merkel said she is prepared to talk about debt relief but ruled out any haircuts. Chancellor merkel greece is in relief, private creditors allowed in debt cuts with lower Interest Rates. We can consider as they are part of the mandate was the program has been review successfully, we will discuss that very question. Manus the banks have reopen today after being shut for 2 weeks. Lets put in context with our reporters. Elliott got been and Paul Elliott Goggin and paul gordon. The banks open, a little bit of a rush. What is the feeling of the street . Reporter you will see another lazy day in agrees. Security guards having a little chat among themselves now looking particularly concerned anybody will vent their fury after not being given for access to their money. A real difference. Now you can take out 420 euros for the whole week. Over the course o
Although the big story is about this rout. We have the number Commodity Index near a 13 year low. 13 this year. If we look at individual commodities, and little bit of discrepancy. Rent crude brent crude trading below 50 a barrel. Gold recruits some of its losses from earlier. Investors very bearish. Goldman sachs saying it made below 1000 per ounce. Copper heading into a bear market. Lets take a look at our commodity currency. Climbing from a six year low. After the rba held rates at a record low. Back to you. Mark jonathan lets get to the asian market rout. Thanks john. A very good morning. A look at the shanghai composite. That is what we are doing today. Three clock p. M. In hancock and how kong. The. 7 . That is a 4. 5 swing. For any other market, that would be the best day in years. For shanghai, we know how wild things have been. That is the best day in three weeks. 3756. This is despite this new rule in play. Making it harder for you to profit from short positions. Another thin
Is this a sign a National Front victory is realistic. And a 60 billion euro brexit will, mps strike back at the austrian chancellors estimates at the cost of leaving the eu. Program. O the this is Bloomberg Markets the european open. Lets have a look at what the futures suggest we will be doing at the start of trade. Looks pretty much unchanged at the start of the trading day. Potential for some bigger markets, the ftse 100, the dax, negative. Slighter not overwhelmed by positive earnings surprises this morning. A mixed back from a host of european conquerors. Lets see the asian section. Yes trillion sx 200 down by 8 10 of 1 . The Asian Session weighed down by moves in commodity related equity markets. That shouldnt take away from the fact we have seen the fifth weekly gain in asian shares. Global equities pushed over 70 trillion. A little bit risk off to what is happening over in the asian equities session. The commodities picture on the other side of this screen, iron ore down by 3.
Price but is still banking on 40 a barrel. We are going to ask the companys ceo at 8 30 london time. The g20 story front and center. Carnies point is an interesting one. And schaeuble still banging the drum about structural reform. He sees that as the only way forward. Hans there isnt a whole lot of structural reform heading in the direction schaeuble would want in germany. Toy have all these refugees build housing for, to feed. That is a lot of fiscal stimulus. At the bundesbank, they are talking about having 0. 25 increase on gdp. Schaeuble in some ways is making the opposite argument of what hes doing at home. Guy plenty to talk about. We need to talk about the cpi story as well. Inflation, lets run you through what the market looks like with 28 minutes ago until the equity market open. Is a risk on story. It has been a risk on kind of week. Stoxx 600. 1. 2 . Ftse looks like it is opening up 1 . A littlealk basf later. Ats lets take a quick look some assets. Brent up just a little b
Into the end is weaker. Tom a little bit. The euro has been the dynamic that has changed. That stronger euro gets my attention. What i know this buried in the numera announcement was that it would rationalize the americas. I have no idea what that means but i wonder if those with 1000 jobs are not just in london. Toncine he didnt come out confirm a lot he said when until april 22. Lets get to the first word. Authoritieslgium, have charged two more men with offenses related to the brussels bombing. Prosecutors say they were involved in renting a brussels apartment that served as a hideout for the bomber who attacked the brussels subway as well as a suspected accomplice. 16 victims died in the march 22 attack, the same day a pair of suicide bombers killed 16 others that brussels airport. Brazilian lawmakers have pushed the president a step closer to impeachment after a committee in the lower house voted for her to go in the first test of sentiment in congress. The real reached a sevenmon