. >>> leading japanese advertising agency dentsu is to buy out british ad agency aegis group. the two companies reached a deal worth $4.9 billion on thursday. under the terms of the agreement, dentsu will purchase all outstanding aegis stocks by december and make the british firm a wholly owned subsidiary. aegis is well known as a leading european ad agency and has a presence in 80 nations, mainly in europe and latin america. it's strong in context sensitive online advertising. the ad market in japan has recently shown little growth due partly to a declining birth rate. dentsu aims to expand its global reach by focusing on emerging economies that are expected to show higher demand for advertising. >>> here are the latest market figures. >>> members of japan's coast guard spent another day chasing away chinese ships from their country's territorial waters. they say foreign fishing vessels again ventured toward the senkaku islands. japan controls the territory, but china and taiwan also claim it. the latest incident happened thursday a day after three chinese fisheries surveilla

dentsu has agreed to pay almost a 50% premium to yesterday's closing price. shares up 45% so perhaps leaving some room for doubt in the deal. earlier the ceo of aegis spoke first to cnbc and said the deal much as good one for shareholders. >> this provides industrial shareholder base for aegis, great combination. first communications group born in the digital age. great news for our shareholders but very good news for other stakeholders. >> india's industrial output grew at a stronger than expected pace in may. up 2.4% from a year ago. we have more on this from mumbai. last time it was surprisingly weak figures now surprisingly strong, perhaps? >> well, actually it's a mixed bag. this number has been strong. a lot of positive coming in from manufacturing which is up 2.5%. we had mining too which was down which was a contraction but less so than the contraction earlier. all in all electricity was up. consumer durables was up which contributed positively. now the negative surprise came in from the fact that the april figures were revised negatively. remember th

japan's ad giant dentsu is buying the company for a 50% premium. so if anything they can be higher. you go 1.3% higher after announcing they are going to lay off 8,000 people. french government not very happy. trying to do things to help those workers out. as we know there's just not a lot of fiscal room. quick look at the bond wall. this is a place to focus. we've seen a mixed picture. italy seeing yields rise. 5.85%. spain, 5.84 better than what we saw yesterday. 1.255 on german bunds. the central bank cut its deposit rate to zero. that's pushing some banks out of that facility, maybe starting to make them look at other kinds of short term paper and we've seen for example yields won the year germany going to fresh negative loss. keep an eye on that funding pressure as i hand it back to you, joe. we'll let you know if that euro sinks any lower. people now calling at it funding currency. it could happen. >> great. the olympics are a big nbc thing, right, kelly? big nbc -- >> i'm aware. nbc didn't have wimbledon this year which i'm devastated. >> you had tickets to the opening ceremo