We are live from bloombergs European Headquarters in london. Im guy johnson. Francine lacqua is not here today. Lets start with some big market news. At the end of the first trading our this monday morning, that act in germany the dax in germany has hit an alltime high. We are through 12,000. We are up nearly 1 . European equities are largely money continuing to move into the european space. The gap between u. S. Equities in valuation terms and u. S. Equities, european equities, absolutely massive. How long before we see that starting to compress . Oil is the flip side of all this. 2009 lows is where we are. We are down by nearly a percent this morning. Nymex over in the states trading at 44. 46, down 0. 8 . Big event of the week we all know what it is. The fed, is that language going to be changed . How significantly will it be changed . Anyway lets figure all that out. Lets get some context from hans nichols. Hans, i guess it was an inevitability. With the euro doing what it is doing
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