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manus: welcome to the pulse. where life from bloomberg s european headquarters. good morning. i am manus cranny did let s get into these markets. we are seeing a paul s overall on the equity side. a little bit of a complexion of what is going on. what is moving the market? ericsson has more than 4000 job cuts in the second quarter. the ceo doubling down, setting the tone in terms of cost cutting. running 5% at the open. we have seen it up in april. we have brent in there for you and the pound. brent crude, oil trades right around $45 in the states. we are waiting for stockpiles in the u.s. crude is really jesting lower. also global growth concern story and a lack of real growth coming through. the world s worst major currency over the past five days. new macro potential real zen investment down 40%. the pound is down it we are waiting for cpi. annual cpi has not hit target in this country since december 2013. traders are saying 83% ability of a rate cut in august. ....
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