For peace. And thailands king open divorcing the country ice military chief despite growing protest for the army. The credit in europe is strong according to the latest cfo council. Speaking to this show, they say corporates are getting access to capital at attractive rates. Youre watching Worldwide Exchange, bringing you Business News from around the globe. And a very good morning to you. We have Election Results from the eu parliamentary elections. A mixed bag with an increase in gains for the antieu, a constituent from italy where exit polls show renze shows them pulling ahead. A surprising win for the new Prime Minister. Thats why the ftse is up 2. 3 today. Well have the latest from milan in a few minutes. Lets go there right now, in fact. Claudia has the latest. A surprising result. Reporter absolutely. It was expected that renzi could win and beat the second largest party, but it ended up that the distance is almost 20 points. So 21 of votes goes to him while 40 is what the pdk came up with. Both a historical victory for the party as well as for renzi facing national election. The young Prime Minister is 39 years old. That sort of took over in this party coup in the month of february. And they have passed with flying colors, so to speak. There was a surprise with the gdp number last week that fell. And it was looking weaker for him in terms of the approval. Hes spoke a lot about the ambitious economic and constitutional reforms he intended to make, but for some italians, they believe he has not moved forward on that. This victory legitimizes him to be where he is. And basically after a couple days of festivities, hes going to get down to work and actually move forward. So for this struggling economy with strong unemployment as you see how the market reacted, it is looking like things may actually finally be changing. So a time of tides turning, so to speak, here in italy. So this outcome that is such a clear victory is rare. And in italy a lot of times we get sort of a mixed picture, but heres theres really no question. The pd won in these elections. And it will be interesting to see what he does, if he does step down as he said he might do if he does lose. And he did come in with less votes than expected. Another party is being talked about a lot. The communist party came in weaker then a expected with 15 of the votes. The voter election was strong enough, so overall it looks as though this is an official people. Ross . Thank you for that, claudia. Strong result there. Some contrast in france. Well get to that in a second with stephane. We have comments coming up from mary drugge. And up nation expectations weaken and broadbased asset purchases may be the right response. Well get more reaction on that, but first, lets get over to stephane with the National Front party taking the top spot in the french eu election. Whats the reaction there . Reporter well, the victory is not a big surprise. We knew that the pontiff and National Authority would come in the first position based on the electric poll before the questions. However, the scale of the victory, the real surprise, the extreme right party got more than 25 of votes ahead of the conservative party and well ahead of the socialist party youre seeing there. In france according to a highly interactive survey, 38 of the voters wanted first to express their resection after socialist party in power. And that even 67 of the people who voted for the extreme right canceled. And 25 of them say they made the right issue based on european issues. So it is a game for they are long and the Chinese Government before being a vote of rejection until european. We repeated yesterday evening that shes from europe. Translator our people demand one policy only. A policy with the french. They no longer want to be on the outside and obey the commissioner who was not confronted by universal frontage. They think this is a break for the Political Landscape. The second socialist blow for the communist party in two months. In march the form er independen was in the country. The large est victory ever for e Political Party. Quite a result there. Thank you for that, stephane. Theres also an eu vote in the u. K. You were skepticaled a a half without them. At a british conference, he held his success. I think the whole british country, the british wont tell sale for decades about it and we fought off the army and now it looks like well get a victory. More on the comments from mario drugge. Coming up, we are looking at the eurozone. Theres a negative spot to lower expectations and credit, though we are not familiar, too if up nation asset is weaker, whatever you respond. You cant help brim the supplies of dollar weakness. The dollar yep is 136. 35 coming back from the high session, but we hit 136 this morning, the lowest we have been down to since february. Joining us is michael gallagher. Thank you for joining us. Well talk about European Elections then in that order. This is interesting, asset purchases may be the right response. Are we going to get to a meeting where that may happen . Its possible. Ill have to see if later in the year you look apgs measures. Theres quite a revival of them. And ecb parliament becomes deanchored. Theres no reason to play the tool now. His playing is reserve in the next few days, so i think thats what hes telling us. There will be red coats soon in june, which reaffirms what he said in the press conference. And at some point hell mess the average, the abs market, jet channels, generally. He quickly brings ecb equipment. Thats what the d. C. Has a real lending i think going into the june meetings will future the track els counter. I was going to say, is it about your moll et. Yeah, i think the moll et will answer as was get to june 5th the ecb doesnt want to shift in the economic settlement. We are going to move three big pictures. They will cut rate and be worried about the drent of the one thing. I think we can we could see it a weaker or so. Back and back and act in the world about the elections. Very interesting sort of results. If you nenlly look at the european markets this morning. Equity is firmer and the feds are in. The bigger question is less austerity. Theres a variety of reasons why it is doing well, but people are reading this like that means less austerity with more growth in europe. And thats good for us. It is interesting that the center of europe is in italy and germany. You look at the results. Michael, more to come from you. Of course, not just europe being in elections, ukraine is well. And the president elect of ukraine says he wants to bring peace to stop the russian president vladimir putin. He said he wants the same outcome. Caller like i said, and im not kidding and what i want for ironic, is thieves and calming. We want this country to develop not being ironic, its a destination and we want to enjoy thieves order. We honor the country after with election with the newlyelect without of stay. Thats in kiev with the Election Results. Steve, what happens now . A lot of things happen now, ross, and it has to move quickly. One thing very important is we dont have to wait another three weeks to get a secondround runoff. It was necessary continuing the violence continuing in the hands of soldiers, primarily to the east of the country. So whoever was president , well look at that to see him get the mandate. Now we have a legitimate government in kiev that can deal with a multitude of issues. The economy is in tatters and is going to shrink at 5 . Then double digit up nation and doubledigit Interest Rates as well. And 35 billion with needs ore, how can it be at a crucial time separatists can take advantage of the next airport when the president said the first job hes going to do is to get to the mass as well. It just shows how little control kiev has over the animals. They are getting russia to the table to agree to some sort of a pullback in the escalation. Heres what we go now next. Last night at his Victory Party so to peek. Perhaps making this a whiter discussion. The sanction is just the reason of how to put everything on the table. How to discuss and how to exchange physician. Any country could violet the International Organization and the Security Council of the nations demonstrate that russia is in complete isolation because of crimea. And russia, ukraine and the Global Economy pay a huge price for the crimea. And we should stop them and not be so emotional. Its an enormous challenge and is going to need all parties to push this forward. It cost me a new mayor of clench. Its been going on a few moments ago. What about sanctions, theres a lot of hawks in washington. And here in kiev, we want a third round of sanctions, to am lut pressure on the table forces it to the theres no doubt about it, when putin said to jeff on friday theres a boomerang on the west. Ed the suffer will shrinked from the inside house yd. Thats absolutely crucial, but this country and russia, again, better prosperity in europe as well. Im very important to see. Its important to see how russia and the ukraine speak well. Much more to come from you. You can get more on the chocolate king president elect. More to come on the elections and on todays show, sou souls amazon is now funding many places in the eus tiny hax haven. Out of europe, out of favor. Find out how much mass united brand dropped after just one disappointing season. Plus, a member of the kapg of gentleman man that and more still to come. Hello. And welcome back to Worldwide Exchange. European equities are high. Well show you where we stand. This is the tax at alltime highs. And the single stock in dax that is in negative territory. We have holidays today for the u. K. And United States, so we cant show you the map. But well show you u. S. Futures later. But nevertheless we are responding to comments from mary drugge. A very strong showing for the centrist party in germany up. 80 . Stephane saying this is a shock in paris. The ftse is very strongly up 2 1 3. And russia is up 1. 8 . And matteo renzi triumphing in the elections and we have also seen it complete its 500 million on friday. So another 200 meters at the outlets group fitting stations. And the two corporates can increase over predominantly leather. So as his comments back, this morning it says it will hold on to his seats until 2016. Then it hopes to get a more favorable price according you took a 17 equity stake out as a hold over the shares, but it is not for really rally. Puttish or Company Looking to g get. Distribute these to shareholders in the form of a dividend according to reports that the monthly report is this wednesday. As far as bond rates are concerned, well show you peripheral space this morning. Tenyearal longs coming back lower to the 3 spanish. We saw this yield spike up on the tenyear yield. 1. 2 is the yield there. And the german is extremely low. We hit 136. 15 and bounced off that at the moment. 136. 30. That is not that is one of the rates from last week. Mr. Sarto is talking about risks to the down side to make people worry if the bank of japan will hear its targets for up nation over the course of the year. Lets get more on whats happening in the asia scene. Sri is with us, hi, sri. Reporter hi, ross, you were talking about the political tail risks of our own in the thai story is that they are revered a tight game. He has given his formal endorsemen endorsements. So this does suggest that the military is tight anything its group on ty life. And the market is down at the lows of the day, but i was talking to a brokerage earlier today to the of cambridge that the midcalfs are performing relatively well. We are seeing a lot of foreign on some of the people coming out to talk about that tomorrow. Well wait and see. And form, we are one of the outperformers today. Remember, the other drug, moodi, will be sworn in today. And the pro, the best test for the markets and him and his cabinet come early june to july. Thats when he released the big budget. They launched and dialed to the weakness. Theres also spoke. Sri, thank you a little bit letter. There news to come into the area. And theres talk about inflationery. Hes concerned about a negative sparrow to take hold between low up nation, falling expectations and credit. And also in his speech hes saying that there are two areas which call for a policy decision that is a, the high jurys change which by the definition is importing also, credit is concerned by tyler. They may act on the conventional inference. We may see another cut in Interest Rates and they may do something to ease the credit conditions. Which mike comes from a talented ce oh, or potential assets in buying program, but analysts are not thinking that this is happening as soon as the next governing comes. For the meeting, what happened to seeing the beautiful spot if you are reading through the agenda, it is about up nation and rock. Also to read the docket of. The ecb should have a higher target rate to around 4 to give it more room for maneuver before 4 40 into a deflation in their environment. There are others two find with the two skt hargt who was speaking yesterday and even wanted to have a proum. This is a direct fan, linked to the ecb who was concentrated on the prize. Well, such as the unemployment rate. It will be a fruitful discussion here to bring you all that from here later on during the show. With that, back to you. Well look at the bank of japan minutes among other things. And its game on for sonia. Lit make a deal to break. We needed 30 new hires for our call center. Im spending too much time hiring and not enough time in my kitchen. [ female announcer ] need to hire fast . Go to ziprecruiter. Com and post your job to over 30 of the webs leading job boards with a single click; then simply select the best candidates from one easy to review list. You put up one post and the next day you have all these candidates. Makes my job a lot easier. [ female announcer ] over 100,000 businesses have already used zip recruiter and now you can use zip recruiter for free at a special site for tv viewers; go to ziprecruiter. Com offer2. Headlines from around the globe, an election boosts a rally for italian stocks. This is in contrast to france where it is being dubbed a political earthquake. Armed men seized the airport just hours after the polls closed in ukraine. Ukraines president is looking to bring peace to the nation. Nobody and nothing can stop us. And thailands king endorses the countrys military chief despite growing protest against the army. And a roundup of activists since can tar. And speaking to this show, the cfo says they are gaping access to capital at excessive rates. We are an hour and a half into the trading day in europe. The u. K. And the United States are off today due to a holiday, so theres plenty to look at in terms of the european Election Results. This is off a fresh alltime high. The cac is a leg higher after its results in the european or biggest chunk of votes. And the ftse came out very strongly. As far as bond rates are concerned, you can see yields in spain are lower down to 3 for italy. A little higher in france up to 1. 83. And the euro dollar is down to 1. 3635. The dollar yen is around the 102 mark after twoandahalf week highs after plummeting 180 last week. So the president elect of ukraine parashenko wants to bring peace. He was the emphatic winner this week in the president ial elections easily beating his rival tumashenko. Poroshenko made no promises to end the war but he should work on building a working relationship with vladimir putin. Steve has been speaking to poroshenko, and steve, perhaps no coincidence as he gets announced as the president elect. There are people taking over the airport in danesk. Reporter yes, its no koups dense whatsoever. He said, im going to speak to the people and try to talk to them and explain what kiev isnt as well. And the separatists knew that and took over the airplane. I said, how can that happen when you knew this was a target and that they would go for the apple at the time . He said, thats incredible. The number of problems that this man faced. I found a piece on the web, the 64,000 questions for mr. Poroshenko. The economy is going to decline 5 of gdp this year with doubledigit up nation and 35 billion of refinance needs over the last couple of years. Reporter the relationship with russia and persuading the euro hes in a new position and a new man to take the country forward with epidemic. From the top to the bottom, a whole host of these. We spoke to him last night after what looks like a convincing win, even though we dont have the official results. I said, what is your biggest deal . Now today just starting from today we have a legitimate result. More than 60 of the youukraini people stood for hours in line for their future. This is the most free and Fair Election for our people. They are very responsible and want to keep the country together. And because of that, ukraine now has a legitimate president. The yukranian president is very strong, but because of that we have solidarity with the whole world, which we do not aggress with russian aggression. So i have all the possibilities to launch the directive without cheese. For your understanding, this is not a question of the bilateral between russia and crimea. After crimea we hope that will bring us to architecture that was ruined or destroyed. And thats hours from civility. To keep the war stable and predictable. And that is not only crimea or not on the situation on the east, but this is maintaining of obligation with a little bit of frustration to the russian president. Do you believe what you said about russian aggressions, we need a third order of roundabout to bring about a dialogue with russia. Would you believe the conditions are lrp in place where the diamond takes place. The sanction is the methods, not a purpose. I hate that this could be powerful for the epgish person. How to put everything on the table, how to discuss and change the position. If any country violates international law, if any kind may drink into the independent country. We should coordinate it. And all the organization retail this is the United Nations and the Security Council. They dmon straight ahead that russia is in a different place. Because of crimea, russia and the rest. We should stop that and not be so emotional. We