Conversation on top headlines. Heres Brendan Greeley. Brendan china is stepping up its verbal support for the yuan stemming the currencys worst fall into decades. The Central Bank Held a rare press briefing today. Officials said theres a reason for the depreciation to persist. Plus the bank said it will take action when there is excessive volatility. Concerns a good cause instability in china. There is a surprise from greece this morning, the government says the economy unexpectedly in the Second Quarter. Economists forecasted it would shrink. The economy have been crippled by months of haggling over the bailout. The greek armament is preparing to vote on the new bailout package. New spending cuts and tech hikes tax hikes. The rest of the euro has devote. Former president jimmy carter undergoing treatment for cancer. Mr. Carters of the cancer was discovered during liver surgery and is in multiple locations. He is 90 years old. He says he will release more information as soon as next we
Billion in valuation for the ipo according to sources. They could come as early as friday, as they look for luxury status. Welcome to countdown. I am anna edwards, live from london. It is friday morning. Let us start with the reaction with what the fed had to say in their minutes. We knew what the decision was for weeks. These are the minutes. These are the impacts on the world index, of Global Equities over three days. It shows we saw a rally and global stocks, 2. 46 trillion added to the first four days. Friday is adding into that, the momentum being picked up in asia. A seems patients is having positive impact. Look of the oil price, we are actually back still above 50. We popped above that with the First Time Since july. In yesterdays trading session, and back above now. We have seen the opec secretary general making comments about the oil market. Suggesting that demand will expand. That is the secretarygeneral talking about the demand picture. That takes us to our question of the
We saw in europe on friday, when we factored in that chinese whenlus adding to the ecb we see more stimulus coming from mario draghi. Perhaps a little bit of profit taking, a little more risk aversion. The dax is flat, Business Climate set to deteriorate later today. Taking after we saw the biggest twoday gain since july on thursday and friday. The other Asset Classes are moving on the back of these measures. Nickel hasnt been performing so well. A big bellwether coming from how china is performing is the aussie dollar. Lets have a look at some of the stocks to watch. We have had news on potential acquisitions or disposals. , with aboutdown 3 2. 8 billion it could be under threat. U. S. Regulators are confronting roadblocks, saying that they have concerns. Up readyrs are significantly but investors are really focusing on the concerns about that sale, up 2 . This is something that is just shy of estimates, 12. 4 billion euros. Aberdeen Asset Management reports that we could see potentia
About will he talk about risking more concerns about the eurozone you recovery. Everyone will be watching this trade. Lets look at how the equity markets are performing at the opening. Down 3 10 of a percent. The dax is down 3 10 othe pack. It is looking like a weaker trade at the open. This is during a time of good news equals bad news for the market. Back to you. Jonathan thank you very much. 1. 62 with aup to spread getting tighter. As 100 basis points. The tightest since april. Keep an i on the market ahead of the ecb meeting. Investors await guidance on if raiseen the ecb will guidance. Then, the roche ceo. And then daimler speeds ahead. For the ecb. Most of the governing council have said it is too early to decide whether to expand their 1. 1 trillion buying program. Alessandra, great to have you with us this morning. The question is, what should we expect from today from the president , if anything at all . Expect somecan action. Closely atlooking how inflation is doing. They wi
Monitor developed determining how long to keep rates low. That officials have now kept their target in the range of near zero two quarter of a percent since december 2008. Major leadership overhaul at mcdonalds tapping Steve Easterbrook to be the new chief executive. Replacing don thompson in march. Thompson have been ceo for less than three years, let the restaurant chain through its worst sales slump in more than a decade. The donalds hopes easterbrook a different entire company what he did in his native u. K. Credited with boosting business there, tweaking menus, and taking on critics. Facebook is putting its foot on the gas pedal and accelerating spending even as sales growth slows at the social network. Mark zuckerberg says the strategy builds in the companys efforts from last year. 2014 was also yield a Big Investments. This year, we made big bets in the next generation of communication and computing platforms requiring two apps. Focusing on serving our committed the better, rais