lvmh shares selling lower.nd greece has denied reports in the financial times it is preparing for a data the fault unless more aid is dispersed from creditors. let's go to host nichols. look, it is stating the obvious. -- let's go to hans nichols. what are you going to prepare for. greece needs the money, how badly do they needed and how quickly will they run out? hans: today, they will be rolling over 1.4 billion in t-bills and april 17, another one million in t-bills. most of your box by greek banks. there should not be a huge high risk. the biggest issue in may and i believe may 12, 700 million euros in special drawing so approximately 770 million euros due to the imf. what are the core of the report is saying is that there is not a deal by april 24, that's when finance ministers meet to have should this out, greece will be left with no other choice but to default. the government last night has denied at every opportunity given. the greek government has denied in this report which is citing people familiar w

in luxury lvmh catches a euro tailwinds.nies the country is preparing to the vault area negotiations with the eurozone continues. u.k. inflation. inflation data is due out in 19 minutes time. consumer prices are expected to stagnate. in just 30 minutes, keep her right here on bloomberg for the u.k. election. from the british museum is coming right up ahead of the open. we are a little bit weaker. a little bit weaker yesterday on the ftse. we traded lower. it was i we will try to lower. manus cranny has a pretty -- it looks like will trade lower. manus: these equities have had the best quarter since 1998. slightly lower open as equities are any seven-year high. china lowered money market rates. i had the gdp figures tomorrow. will the u.k. dodge the

up next stateside growth for lvmh. keep it right here.he pulse." ♪ francine: lvma reported a 16% increase in first quarter sales. andrew, can we extrapolate and think this will have an impact on the sector as a whole? >> good morning, francine. well, a lot of the activities that they have been taking in analyst speak self-help, they have been looking at navigating more difficult economic circumstances by for example retooling the louis vuitton brand which makes up a bulk of profit and large share of revenue as well. having more luxurious materials and more selective distribution. those kind of activities are helping drive the growth but it is undeniable that there must be some -- across for the sector particularly when you look on the spirit front, lvma reporting that cognac was up. it could point to a better situation for other distillers. francine: what does that mean for lmp vma going forward? you mentioned the higher price point and more luxurious fabric. is this going to translate into their strategy directly? >> i think we're lookin