Testimony. The focus, the economy, which as you probably know has experienced an unexpected dip of late. One issue sure to come up is the uk referendum later this week whether that country should leave the European Union. That vote happens thursday, ending a Bitter Campaign between the leave and the remain camps. But today u. S. Investors voted to stay in stocks, that is. The Dow Jones Industrial average rose 129 points to 17,804. Nasdaq added 36. The s p 500 was up 12. Bob pisani has more. Reporter its going to be a busy week capped off by the brexit vote in the uk. Brexit has traders confused. Its gotten more xlakted than stay in or out of the European Union . Markets seemed to move toward the idea the uk would exit the European Union and stocks were down. The greatest surprise then would have been if the vote was to stay in the eu, markets would have rallied. Thats reversed, the market has rallied on the belief is uk is likely to remain in the eu and its likely at least part of the
Testimony. The focus, the economy, which as you probably know has experienced an unexpected dip of late. One issue sure to come up is the uk referendum later this week whether that country should leave the European Union. That vote happens thursday, ending a Bitter Campaign between the leave and the remain camps. But today u. S. Investors voted to stay in stocks, that is. The Dow Jones Industrial average rose 129 points to 17,804. Nasdaq added 36. The s p 500 was up 12. Bob pisani has more. Reporter its going to be a busy week capped off by the brexit vote in the uk. Brexit has traders confused. Its gotten more xlakted than stay in or out of the European Union . Markets seemed to move toward the idea the uk would exit the European Union and stocks were down. The greatest surprise then would have been if the vote was to stay in the eu, markets would have rallied. Thats reversed, the market has rallied on the belief is uk is likely to remain in the eu and its likely at least part of the
Into the presidency of the philippines. Anchor we start with more surprises in british politics as the man who persuaded his country to leave the eu has announced he does not want to be the Prime Minister. Not thehnson says he is man to lead his country through one of the most uncertain periods in his countrys history. My friends, you who have waited faithfully for the punchline of this speech, having and due toolleagues the circumstances in parliament, i have concluded that person cannot be me. My role will be to give every possible support to the conservative administration to make sure that we properly fulfill the mandate of the people that was delivered at the referendum. Westminster. E at we are learning more about Boris Johnsons motivations. Reporter Boris Johnson did not explain why he got cold feet, why he ruled himself out from the contest to be the next leader of the conservative party and the de facto whoever will become the leader of the conservative party, Prime Minister.
Stocks rapid rise is justified. Good morning. Less than half an hour away from the european open. Lets take it to the terminal and show you what is happening. Where do we think we will be opening with the european equities . W. E. I. , click futures. 3 10 of 1 higher this morning. That seems to be the picture across europe, except for the dax, which looks like it will be something of a laggard. Lets take you now to the gmm and show you whats going on. This is what we need to show you. You should probably take away the bloomberg dollar index, up. Which, the of japanese yen, hong kong dollar, new zealand dollar, australian dollar, all down. You are seeing some movement in the bond market. Japanese 10 year is up. Up 5. 6 lk apparently this morning. Take of that what you will. Juliette saly is here. Juliette the bank of england has found enough bonds to meet its weekly target. Yesterday the bank of england posted 1. 1 billion pounds of gilt, coming after they fell shuort of the target. Cis
Newsng the Deutsche Bank into context, type that into the bloomberg right now. What we have done for you, just bear with us. The white line is the size year to default for Deutsche Bank. This is the cost of a fiveyear credit swap, five years ago in 2011 at the height of the banking crisis. But the eye of the storm of the banking crisis, the cost of default back in 2011 was extremely explosively higher, where we are with Deutsche Bank right now. The question is in 2011, as our guest host, will explain a solvency issue and not profitability issue. This is in heart of the banking issue. Is the Systemic Risk . Makesand that chart things a little less worrying i suppose. We saw the respite for Deutsche Bank in yesterdays trading session. Just to highlight what he is been saying overnight capital raising, is currently not an issue, accepting Government Support is out of the issue. They will hold out overcast worried about u. S. Being overblown. That is Deutsche Bank. Manus the one thing i wi