Well talk about banks and glencore. And the deputy leader of Angela Merkels party. If you have any questions for any of them, you can send them to us by the ib function. Use tv go function and click on ib show functions. Be sure to do that. First of all, this is what the data is telling us. Stocks are dropping on the final day of a good quarter. This is the picture overall for global stocks. It is what i would call a blockbuster quarter. Investors seeing little reason to take shares higher amid a little bit of political and economic uncertainty. We are expecting a News Conference from the finance minister of south africa. I want to show you rand. 1346. 29. The vix index a touch side. Astian south koreas former President Park has been arrested on bribery charges three weeks after she was ousted. A Court Granted the warrant citing concern that park could destroy evidence. Park has denied wrongdoing. U. S. National security adviser Michael Flynn is willing to be interviewed inquiring into
Bank. Widely expected to keep its Monetary Policy steady but investors will be scouring Mario Draghis remarks for any clues about future moves. Left in theutes equity session, global macro movers, stocks rising for the second consecutive day. We have been in a narrow trading rate since july, trading range of just 18 points. The stoxx 600 is trading in a narrow range since 2014. Is gauge of volatility slower in a month as well, but stocks are rising. And commodities, lets get on. Lets talk about car for, the french retailer. Strongerthanexpected growth in its home country, the chief a plan tois pushing modernize stores and at collection points for online orders in france amid tough competition. The company has also been suffering from deteriorating Economic Conditions in other European Markets. Interestingly, they have fallen by 10 . This year, the cap 40 is down by 3 . The maker of nero than 10 killers reported missed estimate demand. After deathsring in south korea were linked to some
Islam asked a took credit for the result, likely used to distract from the battle islam it state took credit for the assault, likely used to distract from the battle mosul. The pulse nightclub has reopened after the worst mass shooting in United States history. Global news 24 hours a day powered by more than 2600 overalists and analysts in 120 countries. I am mark crumpton. This is bloomberg. Scarlet we are 30 minutes from the close of trading. Live from bloombergs World Headquarters in new york, i am scarlet fu. Oliver and i am all of her run it rallied to its highest level since march. British American Tobacco has offered 47 billion for Reynolds American. That would give them a full hold on the company. Plus, Central Banks have cautious messaging. We will show you where the pain could spread. Jokes at atrumps new york dinner strike a sour town just 24 hours after engaging in the final debate. Clinton and trump garnered s from the boo crowd. Oliver its take a look at where markets are
Dan what is next is that we have reported that mr. Renzi, according to one italian news agency, has already met with the italian president. He has to formally submit his resignation and then resolve this political crisis, turning it over to the italian president , who will hold probably two days of Political Consultations with the leaders partiess political before deciding on a mandate government for the country. David a lot of focus was on the italian banks and what this would mean for the italian banks. Do we have any sense of the answer to that question . There aretle bit, but still a lot of Unanswered Questions so far. , the worlds oldest bank is in the midst of a 5 billion euro Capital Raising plan. It has started the first leg of that. The board is probably meeting today. They are likely to put out a statement to find out what happens next. Are they going to proceed with this plan or perhaps postpone it, given that while markets are not as volatile as people expected today, who k
Halfway through the first volume of the landmark history of the Federal Reserve. Not only having worked at the Federal Reserve, but having had lunch many, many times talking about his history, i have followed closely over time the massive transformations that has occurred at the fed, just since the financial crisis but over my lifetime. And before, and to think that the first 10 years of my life we were on the Gold Standard, you know, it suggests that things have changed a lot. And so when a friend at the wall street journal called up to ask if i would review a new book by a university of pennsylvania professor named peter contibrown called that are independent of the Federal Reserve, i jumped at the chance because of two things. One, i really do love that they. I think it had a big positive impact on my professional life at its a very important place in washington filled with people who want to do the right thing. They sometimes fail but i love the spirit of the food. The second thing