Exchange on cnbc. Im wilfred frost. Im seema mody in for sara eisen today. Welcome back from paris. Thank you very much. Great to be back. Great to have you alongside. Amazing to see how that French Election is still impacting marketing. Lets get straight to the market action. U. S. Futures, yesterday a big rally on wall street. Gains of 1 or more across the board for the s p 500. Dow jones aup 1. 2 . A relatively positive session in trade. Dow jones up about 40 points, nasdaq and s p also up. Financials up 3 . And it was that election result sunday night in france that led markets higher. European stocks clearly rallied more than the u. S. 4 of gains in france. 2 in london. They are holding firm today. Slight gains for the main indices. Nothing too massive compared to yesterday. The important thing is they are cementing the big gains we saw yesterday. It was also banks in europe that led the charge higher as it was in the u. S. Big moves. Socgen, Deutsche Bank up nearly 10 . Lets sum
Im anna edwards. Manus and im manus cranny. Algorithms abound in the market, smashed down 6 at its worst point today, but that is nothing. On the brexit day, we dropped by over 8 . We dropped by 6 and saw it come back to a decline of 1 , standard deviation. There they are. This is one standard deviation, two standard deviations. Has dropped by approximately one and a half standard deviations. Goldman sachs says there has been a big psychological break. That break of 120 changes the dynamic. On one platform, it traded down to 113. 78. Hollandether francois had something to do with it during a very low volume period of trading, that is something to consider. Lets start the risk radar around the pound and show you how we are recovering. The pound was selling against a number of currencies, not just the dollar. We have recovered a bit, that we are still down 1. 5 against the u. S. Dollar into down by 1 against the euro. We have seen is essential move, or the Great British selloff. Manus th
Has a few more steps to unlock a 12 billion loan. This 5 00 a. M. In london. Welcome to the program. What a dramatic few days it has in for the british pound. Losing as much as ex. 1 . Lets look at a chart i have crafted for use or you can look at the scale and scope. Fall in theing at a span of two minutes. A 31 years low, the biggest fall its 2009. We are looking at the numbers, the data. There was a dry patch in liquidity. The rhetoric on the socalled hard brexit playing in as well. Underscore and, you know what, this is not something you would ct in a we are also seeing hedge funds increased net positions to benefit. Mark carney from the bank of england, asking the markets committee to review the events crash. Ding the likely to dominate much of the conversation going into this week. Lets see how markets closed in the red states. Stocks slipped friday, adding to the first weekly decline in four. The s p 500 was the biggest down come out 0. 3 . Biggest drop, at 0. 3 . The implied pr
Exists, but he would have to win pretty much across the board. Hence all the last minute campaigning during this last week but both campaigns. Lets focus on some of the latest allegations to come out, in a normal election, those tax avoidance allegations printed in the New York Times today would be enough to kill off a candidates chances of the white house, but this isnt a normal election, is it . Do you think this report will have any effect on Donald Trumps chances . It already doesnt look like it. This is an election where scandals dont tend to stick to the respective candidates. The closest weve come is the revelation by the fbi that it will be looking at further emails in conjunction with the with Hillary Clintons use of a private email server while she was secretary of eight. This is an election that is negative in the sense that voters are deciding between which candidate they want the least. Both of them are not popular and whoever makes it to the white house will be one of the
Exists, but he would have to win pretty much across the board. Hence all the last minute campaigning during this last week but both campaigns. Lets focus on some of the latest allegations to come out, in a normal election, those tax avoidance allegations printed in the New York Times today would be enough to kill off a candidates chances of the white house, but this isnt a normal election, is it . Do you think this report will have any effect on Donald Trumps chances . It already doesnt look like it. This is an election where scandals dont tend to stick to the respective candidates. The closest weve come is the revelation by the fbi that it will be looking at further emails in conjunction with the with Hillary Clintons use of a private email server while she was secretary of eight. This is an election that is negative in the sense that voters are deciding between which candidate they want the least. Both of them are not popular and whoever makes it to the white house will be one of the