let's check in on the stoxx 600. gains across the board. stoxx 600 cut by 0.6%.n commodities for you can thank china as a cause of the reserve ratio by a -- as they cause of the reserve ratio by a full percentage point. friday, the regulators speaking up on margin lending. the regulatory side. you try to stimulate the economy without boosting the equity market anymore. we will talk about these markets more after the break. ♪ jonathan: welcome back to "on the move." i am jonathan ferro. that is almost it for this show. coming up is "the pulse." things are getting more and more interesting with a grease pretty it is crunch time. guy: it is getting crunchier. -- more industry with greece. it is crunch time. guy: just take you to the pressure at the moment. the sense of frustration is just amazing. why can't we get this done? why is it not possible to strike a deal? there's a lot of frustration. we will talk to the finance minister out of cyprus. a lot to lose in this game. also a person with had experience with what it looks like, capital controls. never go as far a

stoxx 600, record high friday, coming back a little today.ant to get a little excited about london property. nowhere to go but up. that is the message from billionaire gopichand hinduja. guy johnson sat down with the billionaire for an exclusive interview. gopichand: properties in london will keep on growing. when i say prime properties, i'm referring to mayfair, i'm referring to -- all in all, the property prices say 800 pounds a square foot, then i found the same property went up to 2000. then i found the same property went up to 4000 pounds a square foot. whatever estimations have been gradually, it has been going up again. the real estate property is cyclical. you should have a holding power. if you don't have a holding power then you should not be in that business. if you have a holding power, it will always pay you more than any other business. your team has to be good. your model has to be correct. and, it is something which will always -- [indiscernible] at the moment the property prices are flat. there is not much buying and selling.

the stoxx 600 extended into a record high. euro, a little bit weaker. it is the qe trade all over again. two tech titans go head to head today. the apple watch is in stores. samsung's newest galaxy phone goes on sale as well. here with more is caroline hyde. the usual frenzy, this is what i'm surprised about. i don't see it this time in london. what is the story? caroline: you are exactly right. there isn't much of a queue in london. there wasn't much in china. no one stood outside, maybe just 14 people lined up in beijing. in an area, a region, that apple calls its most important. tokyo got a little more excited. there are about 70 people gathered there. 100 outside the store in sydney. but there isn't a sudden race to get into the shops because they are selling them online. today, you can try it out, by appointment, you can try it on. see which one of the three variations you actually want. if you want the sports style or the more luxurious addition which of the many straps you want. this is the new way in which apple is trying to sell its new device

stoxx 600 rallied 0.75% yesterday. -- france is edging up. what about alexis tsipras? save guy meteor cash desperately i will go to municipalities for the money. -- saying i need your cash desperately, i will go to municipalities for the money. where hearing about potential rate rises this year. bill dudley, head of the new york federal reserve, he is optimistic. he said it a rate rises needed this year. stimulus a plenty. we are seeing a reduction on the u.s. the dollar is up almost zero .5%. euro weakness. down goes the euro. will we see a reduction? we are seeing weaker currencies first of the dollar. aussie dollar trading lower. the central-bank comments saying cuts could remain. central-bank divergence. that's what we're seeing. the equity markets let's check in on how steps are performed. credit suisse's of 0.3%. brady dougan was manus cranny's last interview. his last set of earnings. he went out on a high. trading approved especially in the bond market a fixed income. we are starting to see improvement. they are cutting their cost cutting targets. after regulat

euro stoxx 50 futures, 13 points higher. i had to take you back to tesco. their epic annual loss. let's get to the bottom of this . we're joined by caroline hyde michael houston, and retail analyst charles allen. i will kick it up with caroline. the biggest loss and all they century at the company. bigger than almost everyone expected. caroline: you are right. that is what is going to be dragging shares lower. phenomenal numbers when you look at them. when you look at 5.7 billion pounds, that is a net loss after-tax. a one-off charge of a cool 7 billion pounds. property is where they take the hit. goodwill is where they take their head. stock is where they take their head. restructuring costs. still it looks frustrating for the future. the market is still challenging, so says dave lewis, the chief executive. dividends have eased the situation. times very tough over a tesco. i think the real issue is what about the future? you have dave lewis trying to talk up the volumes they are selling. more people going into tesco. they have invested in prices. they are investing in front of ho

the biggest faller on the stoxx 600. key faller is nokia showing why they want to do that deal with alcatel-lucent. profit missing analyst estimates in their network business. this is all about phone equipment as the mobile companies beef up their infrastructure. these are the companies that supply them. yahweh. revenue rose but profitability is under stress. this is why they want to hook up with alcatel-lucent and why they agreed to buy them this month. they are trying to curve costs and overall look to expand and take on that competition. let's look on the bright side. that is portuguese food company. first quarter beat analyst estimates. jonathan: there we go. thank you very much, caroline. let's talk banking now. b.n.p. paribas reported a jump in profit. we spoke to the company's c.f. nombings paris and said positive trends are re-emerging across europe. >> if we stay in europe and we're seeing there were some shackles on growth. steps have been taken to remove gradually these shackles. it seems these green shoots ar

it is the energy stocks on the stoxx 600 taking us high. deal, i want to bring you some insight here now. a 47 billion pound deal from shell to purchase b.p.. you see the stock go higher. it is a 50% premium. b.g. up just a bit. i say just. it is a pretty punchy move higher. royal dutch shell moves lower. the synergies, the strategic value of this deal makes sense. to the financials. some concern on that. shell a little bit lower through the morning. that is big move. of course the bigger move is the last three months. qu 1, the biggest quarter since 2009. that energy deal took us over the line. i'm looking straight at the dollar. the dollar index. a little bit of dollar weakness. the big event comes later on this evening. the fomc minutes. we take you back to march when janet yellen gave it one hell of a slap. back to you, guy. guy: jon, thanks very much indeed. jonathan ferro on the markets. plenty of coverage coming up on the minutes later on today. the greek prime minister tsipras is heading to moscow to meet with president putin. let's

leading the charge on the stoxx 600. number one home appliance maker.-quarter operating profit beat analyst estimates. they are ramping up their pricing. that helped offset negative moves in foreign currency. european markets are set to expand this year. north america is where the weakness is coming in. is it all about new energy regulations? it looks pretty strong. the company continues to expand buying up general electric's home appliance unit. neste oil. you are going to speak to the chief executive. up 4.2%. shares reaching their highest in eight years, john. positive first-quarter earnings. it is all about their products. renewables looking pretty punchy. margin improving. back to you. jonathan: caroline hyde, thank you very much. let's bring it back to greece. the prime minister has a decision to make. will he modernize his country into a spanish-style success or drag it into the this? our next guest is the chief economist at baron berg. he joins us now. a spanish-style success, can we call it a success in spain? >> i think we can call it a succes

there are warning signs the stoxx 600 is trading on 17.19 times estimated earnings.hest in more than a decade. the average was 12.65. the stoxx 600 is cheaper than the s&p 500. it is trading on 17.7 times estimated earnings. the rally could depend on earnings. it could stall. earnings will rise 7.3% this year versus january predictions of 9.7%. another risk is greece failing to reach an accord with euro area creditors. european stocks are at a record but how long will it last? >> checkout asia. the index has increased up 2.6%. the key news is the index is going to form a stock link program. it will be completed by july. we have seen this already happen with links between mainland china and hong kong shares. we understand they will prepare for a stock link. preparation in july. this has been reported by the official news agency. >> one of europe's biggest priority equity firms -- private equity firms could widen access to the funds according to people with knowledge. let's bring in our private equity reporter. why are they doing this? >> they are doing this because th

the stoxx is down. a little bit of weakness.et me bring you up to speed with some of the top stories. the u.s. and israel criticizing russian decision to lift a ban on delivery often air defense missile system to iran. it as string to nuclear talks. russia's self-imposed embargo against selling the system was put in place in 2010 print the singapore dollar climbed after the central-bank kept policy unchanged. the government also announced growth of -- beating estimates. that what you call a low bar. a 16% increase in first-quarter sales. the largest luxury maker, the euro has weakened. lvmh shares selling lower. and 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, anothe

the euro stoxx 50 nearly unchanged on the day. in new york, the trading day is not underway just yet. the euro is valued at $1.08. u.s. internet giant google is a dan at the center of controversy. regulators are pursuing their case against the company for unfair competition practices. >> google's rivals have accused them of favoring their own service providers. this is the fourth attempt by the eu. three weeks ago, germany's highest court overturned a ban on headscarves for muslim women teachers. the court said it could only be banned if it poses a real disruption in schools. >> the german antidiscrimination agencies as its difficult for the religious freedom. we meet the woman who led the fight to get headscarves back into the classroom. >> easter celebrations have begun in rome with the traditional holy thursday match -- mass taking place in st. peter's basilica. >> later, the pontiff washed and kiss the feet of 12 inmates and the baby at the main prison in rome and a pre-easter ritual. the pope said he wanted to be a servant to

the euro stoxx 50 rose by 1.5%. across the atlantic, trading is still underway. ♪ damien: hello and welcome to "focus on europe" giving you an insight into how europeans really live. i'm damien mcginnis. giving an insight on today's program -- italian olive groves in danger of destruction. the romanian village that is wealthy but empty. an estonian military volunteers who are nervous. first, to italy, the world's second-largest exporter of olive oil. now the ancient all of groves -- olive groves that produce the oil are under

also up on the day was the eurozone euro stoxx 50 nearly .5 percent gain there. over in new york, traders are still on the floor, but the dow is in negative territory. the euro currently trading at $1.07. the german government has approved plans to allow fracking of shale gas for testing purposes. this legislation still has to pass parliament. ben: some government deputies are threatening to join the opposition in voting against the bill. they are concerned environmental controls don't go far enough. fracking involves pumping water sand, and chemicals into the ground to extract gas or oil. it has been linked to pollution. at least 11 people have died as a result of a storm raging through germany and austria. sarah: the storm reached hurricane strength in some areas and caused traffic chaos and left thousands of people without electricity. >> with fallen trees and severely damaged roofs the cleanup operation has not been easy. in berlin, the iconic television tower was not spared. gale force winds meant that its elevators had to be switched off. visitors were brou

at the closing bell, the euro stoxx 50 finishing at 3784. on wall street, the dell looking up up by nearly 4%, well below the 18,000 point level. the euro stronger against the dollar. anchor: finnish telecom giant know you appears to be reinventing itself once again. anchor: the company is in talks to buy its french-american rival, alcatel lucent. a merger would create a new global giant in the sector. reporter: on tuesday, the bosses of gnocchi a and alcatel lucent briefed the french president in paris. the french government backs the plans for telecoms and internet giant. >> this merger will allow the creation of a great european champion and also the technology on mobile phones. reporter: he also said there would be no job cuts among the 6000 staff who work for alcatel lucent in france will stop paris had expressed concerns over job cuts. both companies produce a technology for mobile phone and internet providers. for example, submarine cables that carry data across ocean beds. no yet and alcatel lucent are smaller players in the equipmen

the euro stoxx 50 rose by 1% and trading is underway, the dow is currently up by .18%. one euro will get you $1.038. >> shock and chaos in italy where a man has gone down to the judge, a lawyer, and a codefendant. >> he escaped on a scooter it and was captured later. >> confusion and panic at the palace of justice in the city center. inside shots were fired, some of them fatal. the gunman was in court on a fraudulent bankruptcy charge. suddenly he pulled out a gun and shot his way around the building killing his lawyer, and a judge. >> i saw someone in there with a suit and a briefcase. he was on the stairs where the doctors were attending to him. >> the gunman was under siege but despite the number of police, he managed to escape on a motor scooter. for court employees, it was a terrifying experience. >> some people started running around saying there was a man with a gun shooting. i was on the first floor. we sought shelter in an office. we barricaded ourselves under our desks. we were worried because we did not know with the wall was bulletproof. >> police eventually

euro stoxx 50 going into the weekend at 3674, up by more than 2% across the atlantic. the dow also trading sharply lower, and the euro it had higher against the greenback trading at a value of $1.08 07. in china, a court has sentenced a prominent journalist to seven years in prison. >> the 71-year-old was found guilty of leaking a confidential paper to a torrent website. rights activist say the verdict is yet another crackdown on dissent by the communist party. >> lawyers say she will appeal. >> visitors are not welcome outside the courtroom in beijing. journalist and supporters are barred from coming close. she was convicted for passing a state document to foreign media. the court has not revealed what the paper was, but it is believed to call for curbs on democracy, civil society and read them of the press. -- freedom of the press. she was arrested last year. she originally gave a confession, which was been broadcast on the tv. >> what i did was wrong. i admit my guilt. >> she later recanted her confession saying it was forced. she claims that police threaten her son

the euro stoxx 50, the pan-european index, up ever so slightly. the dow jones industrial average in new york -- they are still trading there, but at the moment, it's up by more than .5%, and the euro climbing a bit against the dollar. >> we go to sports now, and the champions league quarterfinals. >> on tuesday bayern munich advanced to the semifinals by thrashing porto. >> the morning after the night before, training as usual with pep guardiola looking markedly relaxed. the team did him proud, striking early and hard. >> that was a real statement. we had our backs against the wall. that can also be a good. >> byron -- bayern seemed to thrive under the pressure. but the onslaught continued with two goals from robert levin askey and another from thomas really. it was 5-0 to byron. after the break, the bavarians eased their pace and allowed jackson martinez to claw one back. the final score 6-1. >> it's fun to win fun to be ahead, and fun to come one round further. >> bayern are now looking confidently ahead to saturday's match. success in that game

it bounces to the top of the stoxx 600 despite kurncurrency head winds. >> good morning. let's kick things off with economic data in terms of march economic numbers. they have risen rising to 52.2. meanwhile the forecast was around 52.4 so maybe this is a little bit of a disappointment for some but we have seen improvement in the german spanish, french figures and this number points to further improvement as well. factories benefitting from the weaker euro dollar exchange rate which is sensing it's worst quarter on record. down by around 11% and firms barely cutting prices last month. that is a really good sign and yesterday, remember the data confirming the deflation nary pressures for the euro zone, they are easing. yes we're still in deflation nary territory but that pressure is definitely easing so once again 50.2 versus an official flash estimate of 51 p 9. if we take a look at the region they showed improvement as well. >> let's wrap up what manufacturing data we're looking at across the region starting with spain. spain's manufacturing sector continues to show sign

it tumbled 3.2% to finish the euro stoxx 50 also finished in the red. the dow currently down almost 15%. on currency markets, the euro -- $1.1120. >> time for soccer news last night. german champions bayern munich are nursing injuries after being knocked out of the german cup last night. >> they lost on penalties. they've also lost some key players for their champions league. >> he could not contain his joy. they knocked the buyer -- bayern out of the cup. bayern had started well. >> we had everything under control. there were five minutes where we let dortmund play. that was the problem. >> that game in the second half the shot crept over the line, leveling the scores at 1-0. >> i had the feeling we could do it, even if it did not look like it in the first half. the team fought like crazy, and we got lucky with the penalties. >> dortmund scored their first two penalties but bayern misfired. effort was saved before the keeper stepped up and hit the bar. >> i cannot explain it. sometimes you just slip. it's really hard to take when it happens in penaltie

the broader stoxx 60 index is up .2%. a little move around the open and a little around the german ifo sentiment data but all in all it's a rebound from the weakness we saw yesterday. that weakness stemming from france and germany given the pmis we also mentioned just five minutes ago but this week in general has been similar to last week. it's been traeding water. a little volatility around the margin. it's following strong performance year to date and, indeed, quarter to date for european equities. as you can see, a little bit of a bounce across the board. yesterday was a little soft as i said. ftse 100 up .3%. france up a little more than that. italy leading the way up .9%. let's look at bond rates. they continue to tell the story of policy diver jens across the world. the ten year pushing close again. when does that imply rates will go up? probably sometime around june or september. september generally what people are saying at the moment. germany at .16%. the u.k. has seen movement after the bank of england minutes s

all-time highs on the stoxx 600.all-time high that we have not seen since yesterday, but that goes all the way back since 2000. it has been 15 years since we were playing with these kind of levels. the ftse is up as well. for europe, greece pays back the imf 450 million euros. they have indeed made that payment. in the bond market, yields start to go in little bit lower. the three year note yield is down. greece has still got some big problems, some big issues to solve. elsewhere in the bond market bond yields are near an all-time low on the german 10 year. the portuguese two-year the yields on that turns negative for the first time ever. some remarkable moves on bond yields. the euro is down by 0.3%. let's get a quick check on the pound. down by 0.5%. the bank of england meeting today -- set to stay on hold for the 73rd straight month. boring. anna: thank you very much. there he nicely sets us up for our next conversation -- very nicely sets us up for our next conversation. why is this like 1950? >> we are looking a

the stoxx 600 closing at a record high with german production rising in february will stop that's the latest report in a string of eurozone reports topping analysts estimates. greece making good on its loan payment, country leading to positive sentiment. the big moves were from overnight in asia. the -- let's start with the fx side, the etf that tracks chinese stocks. the hong kong etf is doing well but the hang seng index closed up 2.7%. regulators recently allowed mainland chinese pension funds to buy hong kong shares, so you have a whole new class of investors for hong kong equities. alix: our other top story of the day, greece is repaying its debt, at least for now. the greeks have paid the imf almost half a billion euros which was due today. now attention is turning to april 24, the day where greece hopes to reach a deal. manus cranny spoke to the greek finance minister. a very long day for you. what was your biggest take away? manus: i think he chose to send a message to say constructive discretion -- constructive discussions, still more to do. a gala day, k and fragility. -- eq

on the bottom of the screen, the stoxx 600 equity benchmark at an all-time high. let's take a look.oline: i am looking at one of the smaller stocks at the moment but what a mega move. u.k. oil and gas investments. look at these numbers. up 70% already. move over nonstate oil here comes gatwic of all places. they say no less than 158 million barrels per square mile is currently in place. that is 50 billion to 100 billion barrels per day. usually you get 3% to 50% from the ground but that would make it equivalent to the north sea oil. it could be a world-class potential resource no wonder the shares are spiking. burberry is up almost 4.5%. the reason behind this, is it a with of m&a speculation you -- speculation? also some other positive numbers, a trading update saying that things are looking more positive and maybe that is spilling over into burberry as well. let's have a look at hansen, this is the biggest maker of -- they said the dollar is helping when you're translating it back into euro. this is the standout mover, just a small u.k. stock. jonathan: let's get out to paris. the

the stoxx have been outperforming. is that a trend you expect to continue?> i think some of the stocks are looking highly rated. ok in the energy space, materials. you are getting high yields, but you have more quantity like returns. you have to be cautious. those where you have predictable returns, they are multiples getting to the high teens. the yields are not quite as high as they were. perhaps people will be reevaluating whether or not they look of value. what i would say is i think the general trend towards equity yield is going to continue. we are in low bond yields. those are not going to get back to what we saw five or 10 years ago. >> we are in low yields. the yield was falling below -.2%. do you expect that to continue? we have had a rebound. is qe going to keep a lid on that? >> to some extent. we have to see more growth. at the moment growth is pretty lackluster. we need to see growth to see if we can get an inflationary element and to the economy. in the u.s. and the u.k. we are bottoming out in the inflation cycle. unless we have a massive slo

the energy stocks in the stoxx 600 currently trading up 5.4%. this stock leads the charge 37.5%.he reason is, shell are looking to buy bg group for a cool 47 billion pounds. this is a record move for bg group in its history, but if you look at where we last hit this sort of number, the last time that we saw these share prices at this level, only july 2014. six months ago. it takes a 40% surge to get back to the levels we saw before the oil price started to sink. in 2014, we saw the sudden capitulation in the oil price, the downward trend in wti crude and brent crude prices. this is why these assets are so rich for the picking. this is why tulloqw is being driven up almost 12% this morning. this one is particularly focused in africa. maybe its assets look appetizing to the likes of the oil majors out there. bg group and shell together would make the second-biggest energy company in the world. tullow oil could be right for the picking. and bp. ever since that terrible tragedy in the gulf of mexico this share price has been down. could this be bought by exxon mobil, the biggest ener

we are up by 0.4% on the euro stoxx 600.are moving into record territory in terms of the european equity space. you are seeing that reflected in the flipside on the bond market. the french five-year the market really fascinating at the moment. increasingly, the curve continuing to flatten. more and more of these bonds being pulled into negative territory. what have we got coming up, we are talking greece. the greek finance minister tells bloomberg he wants an agreement in the next two weeks. he wants money for his economy otherwise problems are going to start. our twitter question of the day, about what is happening with the watch launch today. apple watch, as useless as a remote control for your posterior? plenty of tweets coming through. continue to bring them in. "the pulse." ♪ [office phone chatter] [frogs croaking] you know what, let me call you back. what are you doing?! [scream] [frogs croaking] [yelling and screaming] it's back! xfinity watchathon week. the biggest week in television history. it's your all-access bin

the stoxx 600 is higher. very close to session highs. the ftse we're seeing higher by 1.2%. the dax pushing to the upside. 0.9% and the cac 40 seeing gains north of 1%. also looking at the treasury prices we've seen the yield drop quite significantly on the low forecast jobs report but it has now retraced back to 1.9% so we're at the levels we were at just before the jobs report. we're seeing prices moving lower today and yields some what higher. let's look at the currency markets as well. we have the rba. that was the big story in the trading session and aussie dollar against the green back. that tells you for the most part traders were still expecting a cut and still were at 2.25 of 1% and we're seeing the euro a touch lower against the u.s. dollar. off by 0.2%. we're well below the 110 levels over the weekend trading. let's check in on markets with asia. sri what's happening. >> the main story was the reserve bank of australia confounding expectations and keeping rates unchanged although i think the main meeting is going to be a live one and looks as though they are keepi

clothing sales rise for the first time in four years sending it's shares to the top of the stoxx 600. >> hello and good morning. the last trading day before easter. a lot of people already on the slopes if there's still some snow left in the alps. >> exactly. i love how the skig season extends into april. in the u.s. it ends in february or march. i'm going to italy to do hiking and sightseeing. what about yourself? >> going to see family. >> got to make time for that. >> even though it's a shortened trading week we have a lot of focus on what's going to happen tomorrow. that will give us more clarity as to whether the fed will hike rates in the month of june or perhaps even in september. the big question is the fed has a dual mandate. they need to see acceleration in jobs but also signs of inflation because of course that has been the big concern not just here in europe but also in the u.s. expectations 295,000 jobs in the month of february. january revised upwards of 257,000. that's what the expectation is. the february jobless rate is expected to dip lower to 5.5%. >> i always wonde

you're looking at the stoxx 600 index up double digits in 2015. >> it is.ty of them all. >> is it bonds. >> it's the german ten year bund. .130%. that's amazing to show how quickly as well from 1.6% there at the start of may of last year. look it's back up. it's no longer at a record all time low but very important because we'll be hearing from mario draghi later today. he's not expected to make changes but none the less significant treasure and lack of liquidity liquidity. we'll have to hear from him if that's a concern for him. >> if you wanted any indication of whether qe had an impact on markets you take a look at the german ten year and there you go. a good example of how monetary easing is put into effect here. ecb policy meeting plus the move we're seeing in oil prices. we're up about 1.5%. the dow indicating a higher open by 49 points. the financials have been a bright spot thanks to better than expected earnings. >> now, all aboard. cxs first quarter profit rose 11% as they benefitted from higher freight volumes and shipping rates. they also got a

stoxx 600 has been hitting highs all week.indicator of what the ecb has been doing. the shanghai composite is up on a high this week. equities all over the u.s. are looking amazing over the course of the last several weeks. brendan:francine: amazing. brendan: nymex crude down just a bit. this is "bloomberg surveillance." francine: deutsche bank is set to pay about $1.5 billion to resolve an investigation into interest rate investigation. the settlement with u.s. and british regulators may be finalized this month. hans kohl's joins us from berlin. great to see you. are we almost at the end of it? this goes back five years. hans: it goes back five years. what is interesting about this is that the new york state regulator has jurisdiction because deutsche bank has a charter in the state of new york. it seems as though whenever he is involved, the settlement schedule of and a little bit higher. 1.5 billion u.s. dollars, they expect that to be the floor, not the ceiling. this could still go higher. as part of your grand two of new

the stoxx 600 makes a fresh all-time high. your stocks a little bit weaker. dax futures up.ur morning brief. we are watching the telecom space. nokia is in advanced talks. in luxury lvmh catches a euro tailwinds. the greek government denies 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

mark: let's take a look at the stoxx. cks. africa's biggest insurer will be replaced. has outperformed his peers. bye to julia roberts. caroline: interestingly a few lower shares for lucent. the overall valuation of alcatel is more than some analysts were estimating. alcatel will get a third of the nokia company. chip equipment making a is and i'll --asml has come out with first-quarter numbers. second quarter is looking lighter. "on the move" is next. mark: next they will speak with the alcatel executive -- chief executive. ♪ quirks good morning. welcome to on the move. we are minutes away from the start of trading. going back from the all-time high. let me bring you up to speed with the brief. coming in in-line with expectations and there is a deepening slowdown. alcatel lucent has a deal valued for the largest supplier of mobile network equipment. the tech giant is said that it will face charges for violating antitrust laws. no change of policy is expected. a one trillion euro bond buying plan. mario draghi is expected to be asked. blame the imf or that. we will go

♪ alix: stoxx flatlining today. the extended the winning streak to a third day.e scarlet? scarlet: we have headlines from dow jones. shell is in talks to acquire bg group. shell is of course europe's biggest oil producer. every big energy company has been good with the following plunging oil prices. i wanted to bring you inside to show you the buyer intent profile. for we can tell you is that shell has made have any five acquisitions historically with $116 billion. $20 billion in north america. if this report is accurate, $116 billion in deals. 75 separate transactions. we will keep you posted. separately, the vendee of french has denied it is looking to acquire sky. that stopped it get a pop in the final hour of trading. you cannot sustain the game. once again, vivendi denying they are looking to acquire sky. lions gate is moving as well the largest shareholder reducing his stake. his fund management company is selling 10 million shares. even after all this, he will hold more than 41 million shares. i didn't know this, he worked at carl icahn's job. alix: that i

the stoxx 600 hit a record high yesterday. german industrial production beat forecasts. the euro area economy is improving. jonathan ferro is our man in london covering all of the action. another day, another record high. jon: phenomenal. we saw this on wall street. asset prices get a boost. what is remarkable is the speed at which it happened. the best quarter for equities since 1998. the gains just keep coming. i will not be flippant about this. i might be a little bit. the french 5-year note, the yield dropped below zero. quite remarkable stuff. olivia: why not by german seven-year treasuries and pay germany for the privilege. people don't know where to put their money. and they have more of it because mario draghi has opened up the tax. is this a currency related move? or is this japan in 2013 all over again? jon: it feels like that to a large extent. number one, it is the euro. european equities are having their best week -- knows the price because the euro is having its worst week since 2011. the euro is giving big support. number two -- and there will be some deba

indeed, a lot of the tech, a small amount of tech has the stoxx picture for china but in the u.s.s different the moment economically and on evaluations. i salute you mr. barton. mark: thank you very much. our very own john doerr's and in hong kong -- john dorsen in hong kong. caroline: it affects all airports in france and as many as 40% of all flights in the country. for more we're joined by kerley. how bad could this be you -- be >? >> initially this strike was supposed to happen march 20 sixth, just a couple of days after the german wings crash, but after the emotion they decided to postpone it until this week. if you're traveling today it is better to check with your airline they could be stranded across all airlines. it affects all airports across france. short hold flights may be even more affected. flights departing from the airport might affect easyjet canceling over 100 flights. ryanair canceling 250 flights and air france saying they will only guarantee about 30% of their short hold flights. if you are traveling to a further destination you might get lucky or. air france

the worst week for the stoxx 600 since december of last year.tures pointing to a rebound. futures of 26 points. your morning brief. china pulls the stimulus trigger. it reduces the amount of cash that lenders must set aside. commodity markets are rallying. greece is defiant. they said they would not renege on pledges of austerity. snap elections are possible. and lloyds on sale? the conservative party the tories reach for the playbook. the three things we will talk about during the morning. we talk about equity markets. selloff last week. futures pointing to a rebound for i wonder if the china rate cut has anything to do with it. here is manus cranny. manus: what happened and commodity gives a boost all the way around. the market is so long on oil the most bullish and the oil market in eight months. the eia is forecasting a drop in the united states of america. traders are bullish, the most bullish since august of last year. the number of

of course we saw a drop in the stoxx 600 yesterday though, and a bit of a dig deeper into these marketsout to mark. mark, talk us through what's happening in the market today. are we expecting perhaps a little bit of a reprieve in stock markets? we did see a sudden profit taking in europe yesterday. >> good morning. pretty much flat. it has come up since then. we are expecting another weak day. we saw a very weak day yesterday. it seems we're going to follow that trend again. i think zpwreast weighing heavily on the whole of europe and until we get some resolution or agreement that they are going to repay their debt, i think these markets are going to be on a little bit of a knife edge. we are on record highs. mark: getting news the captain -- newspaper. the greek bank units have been told to exit greek debt. greek banks have fallen 49%. there you go. 49% in 2015. exodus of big deposits did slow down. still the flight of capital from greek banks, it has been quite startling, hasn't it? >> it is scary. they are running something like -- so their debt is something like 117% of deppped. it

euro stoxx, 52.about which earnings are going to be driving trade later just after this quick break. ♪ caroline: we just had earnings from the car maker volings wag en, v.w. give us a sense, are we now focusing on the numbers rather than the management changes we're seeing? hans: there is no question who is going to lead the volkswagen supervisory board. what we see here is a clear beat. they came in at 3.3 billion euros. earnings before interest and taxes. last year it was 2.86. quite an increase. it was better than the 3.16 that had been expect. i want to drill down into the profitability. for the audi brand, profitability was 9.7%. that is a profit margin of 9.7%. for porsche, all the way up at 15.1%. the revenue, profit for porsche, 765 million youros. -- euros. about 1/4 of the overall profit that came in. they continue to print money. same with audi. we saw great numbers out of mercedes yesterday. we'll be digging down a little bit more. they want to bring the profitability up to 6%. it has bee

europe stoxx 600 index. i have waded through world bond indexes. stands out is nigeria's local market. the gaming has jumped over 7%. this is the local sovereign index. the line down the chart is when april the 1 commences. sovereign indexes in europe have lagged far behind. the eurozone sovereign bond index has dropped. only two newer area bopped markets have riosen that is greece and slovakia. let's talk currencies. le third tchart on your screen, the russian ruble is king of the crop. king of 174 currencies we track at bloomberg with return of 14% against the dollar. it is also the best performer against the dollar year to date with a rise of 19%. that line is from the beginning of april. number two, a gain of the% colombia, and 8% in brazil real. the worst performing currency out of 174 in april, the tajikastan currency. crude oil coming out on top with a rise of 23% in the month of april. brent crude closely behind with a 19% increase. the worst performing commodity in april. wheat with a drop of 5%. so crude oil would have given you the best

euro stoxx futures up about a point. dax futures down about four points.etty lofty levels over at the touchscreen. manus: thank you very much. $70 trillion worth of equities it is the bart chart. just go to bloomberg.com to pick up the nuances of that. 14 of 47 hit all-time records around the world. the question is, will shanghai continue its momentum? we get ready for that growth data to come out on wednesday.

stoxx 600 there at about near all-time highs. bond market one big headline.cord low. we have come a little higher the yield there. euro 1.6% of the german 10-year. the big question is can we dip below zero. steven major saying that sure the next month we could challenge that zero% mark. going forward he is getting a little more uncomfortable with the view that yields can only can one way and that is lower. sizing that view the last couple months where the 10-year in japan doubled in the space of a month. that volatility could that come to europe? in the f.x. market the turkish lira take being a beating. dollar-lira going to a record high. aussie dollar awful trade data out of chin. ex-ports dropping by 15%, imports sliding by over 12%. that is a concern and noisy data point but a concern. we have a g.d.p. release later this week set to come into the weak he was level since the global recession. aussie radar down by 1.5% headed toward a six-year low. stpaoeufplt john thank you very much indeed. let's talk about what our next guest is talking about. he says it

the euro stoxx 50 and futures up 33 points. dax futures up by over a hundred points. tnt express 44.5 billion euros. tnt shareholders will receive eight euros a share in cash a 33% rhenium. the art -- premium. the rba does nothing. the aussie dollar surges higher. imf payments loom large. just two days until greece is scheduled to make a 450 million euro payment to the international monetary fund. the things we will be talking about ahead of the open. futures markets a little bit higher. we all get a higher open and with that is manus cranny. manus: the whole discussion is this -- the finance minister in greece going to the u.s. and ushering the imf that it will make -- assuring the imf that it will make its payment. it owes them another 9 billion. you what to make sure you are onside with the imf. everybody else can probably take a secondary po

euro stoxx now down .6%. >>> bonds, increasely low yields across all of europe. you are looking at the german bund nonetheless, very low. french yield at .4. spanish and italian above 1.4%. the euro recovered ground a little bit today, 1.08 today. sterling, 151 and we're looking at the aussie dollar .78. >>> a report considering a spin-off of its british retail bank the sunday times suggests a deal for the business could be worth 20 billion pounds this comes as europe's biggest lender ordered a review as to whether its headquarters should be moved out of britain. >> meanwhile reimburse -- rbs is taking a sell of $5.6 billion to mizuho. >>> hs bc i don't think any of us were interested in the 1990s. back then it was still headquartered in hong kong. it made this huge acquisition of midland bank here in the u.k. and that gave its u.k. banking arm and it moved its headquarters in london. now, it looks as though hsbc is seeking to reverse those changes a couple of decades later, of course, there's a lot of chatter of them leaving hong kong when i spoke to the chairma

you can see the stoxx 600 in europe up.e the start of euro. 1/10 of 1%, and the dax, the benchmark in frankfurt by about one half of 1%. a couple big movers to tell you about. if it day first of all, and good news from mns. saying the general merchandise unit actually rose for the first time since 2011. the shares are up about 4.5%. in the past couple of years really struggling to grow general resale. they have not gone anybody to buy those jumpers. another thing we're watching the parent company of german wings, a little lower. they have to borrow from a recommendation on the airline. k pn, a dutch telecom company. . the acquisition of a belgian mobile phone business. a little bit of a softer day in europe. stocks are higher. if you are trading tomorrow to in. tom and i are doing a special starting at 7:00 a.m. erik: airbnb is headed to cuba. taking the hospitality world ice storm. now that u.s. companies are allowed to do business there. the listings are already up. airbnb will face challenges. spotty internet access, for

euro stoxx 50 futures, 13 points higher. i had to take you back to tesco. their epic annual loss.om of this . we're joined by caroline hyde michael houston, and retail analyst charles allen. i will kick it up with caroline. the biggest loss and all they century at the company. bigger than almost everyone expected. caroline: you are right. that is what is going to be dragging shares lower.

stoxx 600 rallied 0.75% yesterday. -- france is edging up. what about alexis tsipras?r cash

stoxx 600 it is the tech stocks leading the gains, up by 2.5% with sap, ibm overnight all beating estimatesch earnings. that is the equity markets. once again, it is risk at the front and center of everyone's minds. no more than here on the greek equity market. asc down. the bank index increased down by 7%. areas bank off by 13.8%. you expect a lot of volatility but it goes to show that things are getting uglier for greece. the three-year note going through 29% for the first time since 2012. 10 year bond yield, 13.4. alexis tsipras seizing public sector funds to keep the country afloat. the ecb studying ways of reining back emergency assistance. and growing opposition to actually doing something about ela for greek banks. weaker euro in the fx market off by .5%. euro to 1.0692. grexit risk at the forefront, a weaker euro. we are approaching an endgame. feels like groundhog day. the screws are starting to turn. guy: slowly but surely. thank you very much indeed. francine: getting some breaking news out of china. this comes on the heels of kaisa , we were bringing you that a while ago. the fi

for the main stoxx 600 the biggest loser is right here in germany.major overhaul, investors giving it a beating this morning. so there are the markets, we go lower. some interesting things happening in the bond market. the classic risk aversion, yield in germany we go tighter. there you go, two basis point lower talking about being being tighter when i think about spreads, wider. italy, yields go higher, up almost two basis points. 10-year italian yield of 1.46% in spain. the spread is around 130 basis points between spain and germany. where do we go from here? well, the guys at goldman sachs say best-case scenario, no spread. it could widen to 350 basis points to 400 basis points. a lot of people are telling you at home there will be no contagion, that's not the view at goldman if there is indeed the scenario. a quick check for you, euro dollar a little bit weaker at 1.0846. back to you. frape thank you so much. that was your asset check. guy: speaking of greeks, how are the people of greece reacting to the stalemate in negotiations with creditors,