As you can see im in munich but why well yes its all tobar fest time and the Worlds Largest folk festival is just a must also for our show check and. This year i will be one of at least five million visitors to the october fest in munich im looking forward to the fun rights and party tents and of course i want to try a typical october fest beer. This will be a long day thats for sure. Also on todays show a glimpse of the clips of more from all of your david lonely. Hours. Try to steve finish visited an ancient desert town in iran. And of course we show you how to celebrate in the Biggest Party tent at the october fest. Of course when you go to the october first you want to look the part traditional costumes are really popular during october fest. Women have us and the men for leather pants who was. In the lead a little holes is special of course so do you only see them at october first or will you see them at the office to watch. That in that if you want it is well in this region later
As you can see im in munich but why well yes its off tobar fest time and the Worlds Largest folk festival is just a must also for our show check in. This year i will be one of at least five million visitors to the october fest in munich im looking forward to the fun rights and party tents and of course i want to try a typical october fest beer. And this will be a long day thats for sure. Also on todays show a glimpse of the clips of more from. All of you are david maloney. Our globe trotters steve finished visited yas an ancient desert town in iran. Course we show you how to celebrate in the Biggest Party tent at the october fest. Of course when you go to the october first you want to look the part traditional costumes are really popular during october fest. For. Women have goods and the men head for leather pants was. In the lead a little holes is special of course so do you only see them at october first or will you see them at the office to watch. That in that if you want it isnt so
Recovering. We have seen the correlation between the two that we have talked so much about. All three major averages are higher. As we just heard scarlet and , are we seeing a rally or are we seeing a rebound . Take the dow as just one example. This is a two day chart. Declines yesterday. Gains equaling just about. 02 . There is a preponderance of gain or movement coming from a handful of stocks. If you look at the movement, you have financials, again, counting for a lot of gains, Goldman Sachs, jpmorgan, travelers are the three top games in the dow. I also want to take a look at the average point swings. This is a look at the increased volatility. This is the average daily point swing going back one year. The past year was 209. That seems pretty large. Except, this year it has jumped to 319. We have seen enormous swings on a daily basis. Its fun to talk about that with the dow because we are talking about hundreds of points. To do withof it has banks, but also oil. We saw yesterday th
Bank of england minutes, then we will go to mark barton for his reaction. What is standing out for you . The boe sees some signs of the Eu Referendum on june 23 is weighing on activity. May causeerendum softening in the first half u. K. Growth. That is interesting. It will react more cautiously to data before the eu vote. That is big. Also, it is considered implications on Monetary Policy. A brexit but may extend a period of uncertainty and have an impact on pound and asset prices. The brexit would likely push down demand in the shortterm. The brexit getting a big mention in todays boe meeting. Last month was the first time the bank of england as a group mentioned the risks of the brexit. Key risk. Is a until it is out of the way, do not rank of a rate hike. Looking at cable, barely higher at 41. 63. I made the discussions, many banks have told employees dont do that. Should the bank of england remain quiet . They want to remain independent, but they have to say some thing. There is a
Halliburton abandoning plans with baker hughes union regulators were not happy with Loretta Lynch saying no merger is too big to challenge. Let us know what you think of our top stories on twitter. The yen dominating what is going on with japanese equity trading. The markets are closed today. Reporter talk about first trading day of may. Markets. As reshot pointed out, have a look at japan. They are down 4 . A lot of that happening with a stronger japanese yen. Australia, just about every stock on the nikkei underwater at the moment. When you take the losses back on thursday, we are down about 7. 5 over just two trading days. Lets break it down across sectors. Down onngle sector is the nikkei. Have a look at the nikkei volatility index. We are looking at a sharp jump. It up there . There we go 18 higher. That is something to watch. A lot of people are starting to downsize. When the yen starts jumping around, expect people to be riskadverse. Volatility is higher than usual. We are watch