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The Italian Economy grew by. 2 . The estimate was. 3 . France is stagnating and germany missed. Francine has had a little bit of an impact on euro dollar. Breaking news from greece. The government there is to request a confidence vote after talks concluded with the countrys creditors. Anchor it will follow a pame. To the e. C. B. Lets get straight to mark barton at the breaking news desk. This is a series of events that we thought might happen. Who brought this confidence vote forward . Mark yes, the vote passed. A majority of more than 151. Big majority. Hence we have the confidence vote after august 20 which as we know is the day that greece owes the e. C. B. Money. It needs that money to pay the e. C. B. So were in the quite there yet. Thet is just another day on calendar on top of a lot of dates in the next few days starting with the euro area finance ministers meeting at 3 00 p. M. In brussels. Lets remind our viewers what h ....
Happy president s day if you are joining us from the United States. Good afternoon. Anna edwards, good afternoon. There you go. Stoxx 600 up for a second consecutive day, the highest level since december. It will be a quieter day today because of the president s day holiday. No chart shows a better story, no two day chart shows a better. Tory 143 billion, that was the bid put on the table for unilver from kraft heinz. The shares surged 13 on friday. The biggest gain ever, a record. Or unilver today, shares fell 9 . Kraft heinz walking away. Sixceo of unilver had months to put his ship in order because takeovers to debate that kraft cannot come back for six months. s defenses were not formidable, such as low Stock Ownership by management. Credibility may take a hit Going Forward. That is an interesting angle. Rbs shares up ....
Welcome. There is a bullet train with some yen on it. It is soaring. The disbelief of abe. A lack of belief in the bank of japan. Day in ahe seventh row, the longest winning streak since 2012. Hedge funds are the most bullish on this currency since 1992. They have a belief that there is a tolerant level of the bank of japan. They actually really intervened in the fx market. Lets look at the repercussions or markets. You are seeing this pressure on the equities story. We seeing money flow out of japan. Oney is exiting tokyo the longest stretch of exit of cash since 1998. 46stors have stopped million worth of stocks. That is the yen against the dollar. Yan rising against the dollar. What else is going on as a consequence of the yen moving . This is your risk radar. Lets check in on oil. Rigs, up of u. S. Oil one third of 1 . Count the lowest since 1999. Brent, 42. 11. As the dollar drops, of oil pops, emergent carpet emergingmarket currencies they rock. Emergingmarket currencies up for t ....
I am Francine Lacqua. Manus it comes in just below the number. 53. 7. The Market Survey was for 54 . This is the market Eurozone Services purchasing Managers Index. That is just a shade lower than we had anticipated. Was about 50 . It is still in expansion mode. It is the industrial prowess of germany we are looking for. It has been called into question after we had the vw scandal. We had concerns about china growing. That is why every single piece of data we had is so powerful. Now, glencore shares have sore this morning. We have reports that the commodities giant is talking to potential buyers. Rocked in hong kong and is up over 10 . The company says it is not aware for any reasons for the movement and chairs. The bloomberg chief energy and commodities responde ....
Seven weeks ahead of the general election, we look at the politics at play. Mark welcome to countdown. Anna i am anna edwards. Manus i am manus cranny. A poll shows Business Leaders could live without netanyahu as Prime Minister. We go live to tel aviv. Anna 6 00 in london. Lets kick off with the price of oil. West texas intermediate fell. It is the lowest level in six years. The plunge comes after the International Aid agency says international output could strain storage capacity. Mark american production and stockpiles are at the highest level in three decades. The drilling rigs are at a record pace. We will keep an eye on the oil price throughout the morning. Manus the stocks are at a fiveyear high. Li has the National Peoples congress vowing to press ahe ....