Manus if you so some of the biggest deals in the world. 29. 48e comes in at billion euros. 24 pointate was that 29. 5. Adjusted there for the company. The estimate was for 5. 75. They say they have and adjusting error. Anna i wonder how concerned they are about the Global Growth outlook. Somewhere about what happened to the dollar as a result of the fed. We got a nice chart of the dollar diving on the back of the feds meeting. Manus that is quite a genetic move. Anna the lowest in almost five months. A piece on the bloomberg which is about all kinds of insights. His background that we all know. He says low inflation in the u. S. Is it lack of a will to . It and not a lack of tools. You can go to dots go. The positioning of the dollar is interesting because the market was already the least bullish on the dollar since 2014. This wonderful piece is this is a battle of the fed prognosticators. Yet to bet on the dollar, not the treasury. You have to bet on the dollar, not the treasury. Billy up a quarter of 1 . This barely up a quarter of 1 . Rescind the asian equity markets a little higher this morning. Weve got money going into emerging markets. Fx, that is one of the stories. Thats chicken on lets check in on what is happening with the oil price. Manus one of the biggest jumps since 2011. The aussie dollar is pumping much higher. Excuse the pun. We also understand some opec members are going to get together. 10 year Government Bond is in there. Will catch up with bnp paribas. It is a great show today. Toa 5. 8 did lets go bloombergs first word news. Lowtha the yuan fell to a versus a basket of currencies. Smaller than an estimated increase. Central banks fixing toward speculation that china is trying to limit gains against the dollar. 32 , compared to 1. 1 in a gauge of the dollar strike. Large antigovernment protests broke out in brazil after a federal judge released recordings between the president and the predecessor. She said she was bringing into her government. She was bringing into her government. Eu leaders and the turkish Prime Minister meet in brussels today to try and complete a deal to abbott the flow of migrants into europe. Merkelchancellor angela stood firm in rejecting internal border closing as a permanent solution. Turkey made a proposal 10 days ago to take back refugees fleeing into greece in exchange travels anda free talks. Saudi arabia will join a meeting of Oil Producers in doha next month. Move adds weight to the campaign. Qatars oil minister says that country says that countries would meet in the Nations Capital. Global news, 24 hours a day, powered by 2400 journalists in more than 150 news bureaus around the world. You can find more stores on the bloomberg. Speed getting us up to the Federal Reserve officials have held off from raising the borrowing costs. No shock there. They scaled back the forecast on high Interest Rates will go this year. Anna janet yellen cited the impact of Global Growth. Global economic and Financial Development continues to pose risks. Against this backdrop, the committee the committee judged it prudent to maintain the current policy the committee gradual adjustments in the stance of Monetary Policy. Economic activity will continue to expand at a moderate pace. Market indicators will continue to strengthen. Concerns about Global Economic prospects have led to increased Financial Market volatility and the somewhat tighter financial conditions in the United States. In addition, Economic Growth abroad appears to be running at a somewhat softer pace than previously expected. These unanticipated developments however have not resulted in material changes to the committees baseline outlook. Tot participants do continue envision that if economic as theyent unfolds expect, that further increases in the federal funds rate will prove appropriate overtime. Every meeting is a live meeting. April remains a live meeting. We will be tracking incoming data. It is a slightly shorter period. That is certainly a live possibility. Manus live, global, april. You could not backtrack anymore good lets see how the market backtrack anymore. Lets see how the market is reacting. It is a Market Reaction rather than an equity reaction. Juliette good morning. Investors have a big thank you for janet yellen because we have verycomments have had a big risk on appetite here in asia and we have seen emerging markets rallying. The aussie dollar, the malaysian ringgit. Nikkei had a very solid morning session. The yen sawening of the japanese market follow way just market the japanese market fall away. In china where singh stocks higher. Hong kong also higher. The regional benchmark now back to levels that we have not seen since the beginning of january. Asian stocks having their biggest gain in two weeks in terms of the regional benchmark index. I was so you stocks that we have been watching. Toshiba facing the potential u. S. Government probe, falling in japan. Australian stocks do higher. A lift to its profit guidance. It has been a focus on in these emergingmarket currencies. The korean yuan the strongest out of all of the emergingmarket currencies. Anna lets bring into the conversation, Laurence Mutkin. Tonow that manus is raring you. I might just step aside. Manus this is dots go. Will get into this. The history. This shows you the dissipation in terms of where the fed really thinks they are going to get to hikes priced in two hikes priced in for this year. The global head of chief analyst at bnp paribas. Anna where you stand . Laurence i think they have taken out they reduced the hike or two. The market is not anticipating anything as much. If you extrapolate a two year yield, you end up with a yield of 80 basis points higher than the two year yield that we have in the marketplace. Convinced that the fed is going to deliver. Actually reminds us of what the dots are all about. The dots are not asking the fed what they think are going to happen. Theyre asking what would you do if you were fully in charge . Here is a difference laurence the dots were introduced as a broader communication strategy by ben bernanke as a way to shine more information into the feds thinking. The problem is the dots, because they are done person by person, do not necessarily convey the combined message of the statement or the message from the chair herself when she is speaking. We got 10 year Government Bond yields. We have had the best year in monthtomonth. Giving some of that back, your job is rate. Your hike ohmmeter. You are hawkish going in. E treasuries had their have we seen the peak of treasuries for the moment . Is there further to go . Do you think april is really live as she said . She said april is live , but i dont think anyone is thinking there warming up to the touchline. Is thinking they are warming up to the touchline. Time before much april as she pointed out. We are going to get the cpi print for march. Q1 gdp comes out the day after the meeting. They are probably what is going to happen between april and now. You are right that at the very beginning of this back in december, we would be on a much deeper trajectory than we were. Guess we will the votes on that for me in the feds for the way there risk market started the year. Anna we got some breaking news coming in through rio tinto. Succeeding sam walsh as the ceo of rio tinto. Be rios he will deputy ceo. He will succeed sam walsh from july the first. It is no need to recount the headaches. Manus let me show you on the bloomberg, you can see how has the ceo performed during their tenure. This is sam walsh the ceo of rio tinto. His tenure is 3. 2 years. He is 66 years of age. Far isformance thus negative 11. 7 . That is the performance data on the bloomberg. You can go straight there. You can see what the board is. In 2007ares in rio back trading at 5000 in the london market. Now down to 19 pounds they were up at 5000. Now down to 1129. We take some of the moves that weve seen in the market. Laurence mutkin, stays with us. Manus it is going to be a busy feast. Europe as we got the Swiss National bank at 8 30 london time. A hold of a record 0. 75 . And got nos decision comes a half hour later. Anna norways decision comes a half hour later. Rates ok, we also have from south africa, egypt, serbia, chilly chile. Anna in just under 15 minutes. Ime, he eurozone cpi eu leaders meet with turkey Prime Minister to discuss a deal on the micro on the migrant crisis. Over southrtainty africas Central Banks decisions. We are live to johannesburg with the details. Anna welcome back. It is 6 18 if you are in london. Lets get to bloombergs business flash. Kumutha toshiba is under investigation by the u. S. Over allegations that it had 1. 3 billion in losses at its Nuclear Power operations. That is according to people familiar with the matter. U. S. Authorities are scrutinizing allegations made in an internal review published last year by the tokyobased company. Shares plunged over 8 in tokyo. The sheba declined to comment toshiba declined to comment. Refinery 18 year u. S. Partnership. Saudi arabias National Oil Company explores plans for an ipo amid a slump. New yorks plaza hotel is poised to go up for auction month potentially ending two months of uncertainty over ownership of the Historic Property on central park. Billionaire bowlers billionaire brothers Holding Mortgage and scheduled a foreclosure option for april 26. That is according to a person with knowledge. Fedex raised the lower and of its four year earnings range to 10. 70 a share. The company nears the end of a Cost Reduction program. The move comes as a moderate Economic Growth supports demand for shipment. The Company Reported thirdquarter results that beat estimates. Holdings auare security lost 26. 4 this year through march 15. Pershing has been hamburg hammered which saw its share price have this week. Stake to it cut its 5. 6 . At that is your Bloomberg Business flash. Manus the fed is not forecasting is now forecasting to hikes instead of four hikes. Bill gross says it is problematic if a central bank does even one more this year. Anna he expressed concerns over global debt. Bill it is the debt level that i dont think the fed really appreciates. The phillips curve doesnt back to that in. It is debt that is come to the forefront over the past several years in the Global Economy. That is what we need to worry about. Decision andd sharp focus ahead of the announcement from Central Banks around the world. The Swiss National bank which sets it is already in negative territory and is expected to stay there. Manus at 9 00 a. M. , norway decides here it predicting no move there which would mark seven years of note rate move at the bank of england. Anna south africa also set to lets stick with the fed conversation for removal on to that broader rates picture. Manus has pulled up the chart in the u. S. Sincea surge, the highest july. Gelang some of it laurence janet yellen mustve been performance mustve been encouraged by the performance yesterday. It is nice to see from the point of view of all of these Central Banks. This weeks collection of Monetary Policy meetings as a whole as well as seeing them individually. What the central bankers want to see is the markets encourage by inflation prospects. You can see in the inflation market. Markets encourage by growth prospects. Which you can see in the stock markets. Such a banks thats Central Banks are getting it wrong look how much this has moved. The idea that you can think of centralbank policy without making policy mistake did you might be up to think sentiment policy at anna is it because the fed is more worried about the world and Global Growth, you are very encouraged by what you are seeing. Laurence when the central bank is more worried, the market is going to prove to be less worried. Manus there is an acronym that you dont want to repeat i have to remember what i wrote down. Inflation against good 1. 8 so far. Conventional treasuries, 1. 25 . Is it time, given what you just said, is it time to reconsider an allocation in terms of protected against inflation versus treasuries trade . Laurence the interesting thing for bonds market, the bond becomes the tool first interbank policy. For centralbank policy. Although the fed will continue to lean to the side of raising rates, they will not deliver a single rate hike this year. , there will be a lot of upside in terms of buying nominal bonds for the preakness of the Inflation Expectations continue to rise. We are printing strong core inflation at the moment. Maybe we had two months of strong core inflation. Maybe that will continue. Manages it is still going to be very cautious. Upa where does this tie with the other Central Banks . Lets talk about these other ones that are going to be announcing. We came out of the g20 meeting where there was a commitment to do something. , buttalked about fiscal they also did talk about. Monetary. Against hey lent conspiring some way to ease Monetary Policy globally . I guess you hope so. If they are conspiring to boost world Economic Growth, more power to them. Manus there was this shot in the market that negative rates were not working. They were met they were weapons of mass destruction. This is a lovely graphic that i found this morning in terms of who is passing on the negative rates. This was are being protective in terms of the swiss are being protective in terms of exemption. Question to you is this, ecb in the bank of japan hoped to get a more hawkish fed last night and they did not. Theyre hoping for the fed to do the heavy lifting. How do you reach the end of lower negative rates . Laurence where they really hoping for that. You might argue that it is not just a sum game that happens through fx here it fx. More stimulative with further rate cuts with not producing rate hikes must have a Global Economy in aggregate. Im not sure they are relying only on the currency to the currency if it moves too far is a risk. I wonder if that is one of the reasons janet yellen was so keen to continue to say rate hikes were in the pipeline, because she is trying to moderate what they can expect from the dollar. If i may on your graphic, there is a big difference between currencies which are which have a quasipeg versus the ecb and the boj actually taking negative rates into the economy. Anna lawrence, thank you very much to very much. He stays with us. We get into the eurozone in a moment it in a moment. Manus Angela Merkel presses for a deal to stem the flow of refugees. Manus it is 6 30 in london. 7 30 in london. Lets see what is coming across the bloomberg terminal in terms of lufthansa. Exide ting lufthansa profitability jumped by 65 . A hold back in terms of growth. Lets give you some of the numbers. 2015, the dividend is back in line. Of course all of the airlines being helped by the declining costs that go into their business. What theyve got is revenue, 7. 75 . That is a little bit of a beat on that. Line withetty much in the fullyear estimates. I slightly weaker yield a slightly weaker yield. The revenue came in in terms of lufthansa, youve got 32 billion for the fullyear good the Fourth Quarter earnings coming in at 124. The adjusted ebit. The airlines are getting a nice boost. Anna pay results showed strong and of the year good end of the year. Manus if you want to get a number in terms of euro saved. The airline forecast one billion euros in fuel savings for this year. The euro wings leading below average. They are forecasting earnings for this year rising only slightly. They got weaker ticket pricing. That means it is not going to fully benefit. That is the yen and yang. The lets remind you that torture ceo will join bloomberg at 11 42 k time. 11 42 u. K. Time. Kumutha the one fell to a low versus a basket of currencies. Smaller than estimate increase. China is trying to limit gains against the dollar the Monetary Authority raised its daily compared rates by 0. 3 with a 1. 1 drop and a gauge of the dollar strength. Large antigovernment protests got in brazil after a federal judge released recordings between the president and the processor the predecessor. Was to shield him from a corruption probe. Critics said the recordings which were obtained through a police wiretap and. Through television suggested otherwise. Eu leaders and the turkish Prime Minister meets meet in brussels today. Speaking ahead of the summit, german chancellor angle a merkel stood firm in rejecting internal border closings as a permanent solution. Turkey made a proposal 10 days ago to take back refugees fleeing into greece in exchange for more funds. Furthere the travel and talks. Saudi arabia will join a meeting of Oil Producers in the hot next month. In doha next month. The move as a way to the campaign by financially stricken crude exporters to freeze output and overcome the glut that is weighing on the market. Qatars oil minister says the company would meet in the Nations Capital on april 17 without providing details of who would attend. Former japanese finance minister predicted the yens rally against the dollar six further depreciation. Mr. Yen is predicting a surge in 105currency to as much as against the dollar in the second half of 2016 as the outlook for the world to economy worsens. Global news, 24 hours a day, powered