i'm joanna versace. >> i'm karen "charlie hebd kareo these are your headlines >> italian assets also rally as the government prepares to negotiate a budget pushing bond yields lower fiat chrysler makes a deal to sell part of the company >> weaker than expected rise there are currency headwinds and the recent turmoil hurt the bottom line. >> with profit improvement of 40 basis points of the operating income could have been a bit higher if it were not for currency head winds which were sizeable in the ee merging markets. >>> a grave mistake. saudi arabia admits that he was killed but denies that mbs had any involvement in the rogue operation. >> obviously was a tremendous mistake made and what compounded the mistake is the attempt to cover up that is unacceptable in any government >>> as you can see behind me, it's largely a sea of green in europe so far this morning that is coming off the back of a robust trading session in asia where chinese stocks were up nearly 5%. in europe this week we have got a little bit of everything ecb meeting on thursday. plenty of corporate earnings as we

. >> i'm joanna versace. here are your headlines. >>> chinese stocks get one of the worst declines in the year the pboc fails to stem losses with the reserve requirement cut. >>> italian bank shares sink and the ftse mib hits the lowest level since april of 2017 despite the deputy prime minister comments that a eurozone is not currencyon the agenda. >> lloyds bank group considers a multi-billion dollar breakup with sh roaders. sending it into the green on the ftse. >>> south african rand weakens after reports that the country's finance minister asked the president to fire him. >>> well, it is a bit of a risk off start to the week. we had the chinese equities trade as low as 3.7, 3.8% weaker after coming back from national holiday all of the week last week what we're seeing is a similar playout this morning in new york we have all of the majors trading in the red. xetra dax down 7.8%. germany weak industrial production numbers as well not helping some of the german names there. the focus is back on italy once

live from outside west ministers, brussels, rome and munich i'm joanna versace. >> oil stocks among the oil spots in green in a jittery market open in europe as energy markets rise on increasing tensions with saudi arabia and major international powers. >> reporter: still no deal brittain and the e.u. failing so far to overcome the final brexit hurdles. now this despite a weekend of diplomatic meetings. this as michelle bernier says the key problem is the irish border. >>> a big defeat in the bavarian election the greens make significant in roads. >> reporter: and it's deadline day here in rome where the italian government must submit the draft budget they tell mario draghi that the central bank does not exist to save italy. >> the answer to the last is no. it's really clear why that's the case the ecb has one program which is called omt which was created during the crisis of 2012. >>> our roche is waking up to a number of political developments and flash points but also some good news. >> yes, exactly. >> steve is outside westminster as brexit talks have hit crunch time sylvia is in br