There is t minus one year and 11 months to hash out a deal. This is bloomberg surveillance. Im Francine Lacqua. We are joined by the head of all the assets. We will be speaking to Aberdeen Asset managements martin gilbert. If you have any questions and are a bloomberg customers, just hit tv. We can ask the guests a question on your behalf. This is the eurozone data and eurozone manufacturing pmi, coming in at 56. 7, a touch below what economists were expecting. Anything below 50 indicates an expansion and it is a touch above what we had the previous month. This is for april, for the euro area. We are waiting for the breakdown to give us the strength and weaknesses of each country. This is the picture for the markets and i would point to global stocks overall rallying. European stocks, gaining 0. 2 , heading for fresh highs. Investors are focusing on stronger corporate earnings. The yen, extending losses. A second. T to the and first, lets get straight to the bloomberg first word news.
It helps if the Investment Bank swings into profit. One thing that they did do was put forward profitability targets. We are still seeing if it will react. It doesnt look like it is moving quite yet. Announced 15,000 job cuts. That will raise capital 5. 1 billion. It also had that unexpected quarterly loss. It looks like it is moving down 6 in london trading. This posted a surprise increase in thirdquarter profit. That is the stocks we have been watching. Were still waiting for ubs to open. Who just bring up the aussie dollar. It has been getting against most of its major peers. They sent product prospects to economic concerns in recent months. Speaker we will talk about the rba and a couple moments time. Here is what is happening in todays program. The image and scandal spread. Then, the rba holds. Breakoute surges and talks over dinner. The eu reform demands a day after meeting with the german finance minister. Ubs, the Worlds Largest wealth manager has reported require net incomes t
Welcome to countdown. Im caroline hyde. Im manus cranny. Coming up, another deal deadlock. Diplomats gave differing accounts on what is needed to reach an agreement before the selfimposed deadline. Campaigning for the u. K. General elections officially kicks off today. Prime minister David Cameron is expect it to visit the queen of buckingham palace. Anna edwards has the story. Really it begins without pomp with the pomp ceremony. Yes. The official start. The official start of campaigning. This is in the financial times. This is the advert the labour party has taken out. The threat of an eu exit. Really trying to rehabilitate the image of the labour party with the Business Community on capping energy prices. There is some work to be done to rehabilitate the image. Beyond that, we have that other details to show you what were going to hear a little bit later on. A vote on the eu would be a recipe for two years of uncertainty here there is the europe focus. That could play well with some