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german figures. italy is in line. the gdp portion, it is more important what mario draghi is looking at. tom: absolutely. you see the economy growing less in the initial estimate, which gets back to the carney announcement yesterday of a lower forecast from britain. you wonder where the dynamic is, where a economies will pick up in 2016. i have not seen it yet other than the one german item this morning. belowne: a touch estimates. the real question, how much does it have to do with a weaker euro, and how much does it have to do with real growth spurred by economic reform? let s get to the first word news. nejra: you have the numbers from the euro zone as a whole. germany s economy grew at the fastest rate in two years . gdp rose7/10 tense of a percent beating estimates. thoughfset record unemployment in germany which has boosted consumer spending. a report says the european union s naval operation to stop people smugglers in the mediterranean isn t working. lawmakers i ....
equity board. s&p 500 futures negative not even a 10th of 1%. minors leading the losses. switch of the board. all eyes on crude. inching to the $50 mark. wti 48. this is what i am looking at in the fx market. a dollar on the front foot. switch the board and get to this. 14483. one pound, camp. the remaining 37% in the leave. the referendum is ahead on june 23. that is when we are now where you get one pool and you get the spike. lisa: it wasn t one single pole, there was building up to this. jonathan: a bit of momentum may be. david: now let s go around the world and check in with our bloomberg team for in-depth coverage of our top stories. mike is an anchor of bloomberg surveillance radio. cook s first trip to india. matt s house and joins us. let s begin now with mike. this is the fed s april meeting that and minutes of the fans april meeting are out today. , what are we looking at? michael: they have been trying to talk the markets of present time and we are finall ....
about how many interest rate increases they are predict and. all three major averages are higher, ounce around a little bit. withlooked at the s&p 500 s&p 500 versus oil prices. oil prices went south and it comingike both of them back. oil has been in focus with inventory reports showing a fourth weekly decline, though not as big a drop as anticipated. factory production pulled back by .4%, double what was estimated. that also seems to have affected the bond market. we have the two and the 10 here and yields going lower and took a turn lower after we got factory production date of. going into the commentary from the fed. and ahead of the fed, it is worth checking on w.a.r. p. i ve change this to look at the swaps market to see what they are protecting. we have a 50% chance of an interest increase not until february of next year. checking on the u.s. dollar, we ve seen a decline in the dollar going in the same direction as rates. talked about pound ballot pound volati ....
bloomberg exclusive, three hours to set you up, but first, a look at the markets. yields moving higher from here. mark: let s get you up to speed. futures on the front foot at the moment, firmer on the s&p 500 after yesterday s all-time high. look at the moves in japan. the nikkei up by two point five percentage points and it is a two-day rally up over six fourth percentage points. more stimulus potentially from the japanese government. the nikkei rallied and the yen declined. weaker japanese yen and the dollar yen trading with a 103 handle an approaching one of four. cable rates gaining as well. the pound doing very well. it is a firmer story for risk assets, but this is what i find the most interesting. we talked about highly correlated markets, equity markets at record highs and bond yields at record lows. today is different. equities on the front, bond on the back, little defensive. yields going much higher. 30 year yields up seven basis points. yesterday, there was ....
with the matter. matt: headlines coming out from imf chief christine lagarde, giving a speech at the new york fed. she is saying that small nations are at risk the of you banking regulations. big banks have curtailed riskier often ints that are small countries. they are pulling out their operations, leaving small countries with a lack of credit. she will be giving us headlines throughout the next hour. then we will hear from christine lagarde. scarlet: because later on, bloomberg s exclusive interview p.m. ame lagarde at 1 1:00 p.m. today. let s get to the markets now. we are halfway through the u.s. trading day. on whats been checking the markets are doing. what can you tell us with the indexes all higher? i want to mention, going back to fiat chrysler, and the news that the doj is potentially looking into the company for securities fraud. you mentioned the stock it has now taken a leg lower. down by about 2%. we will keep monitoring. it may have taken a few moments ....