Yields up by about three basis points, the vix little bit softer. Jpmorgan says you want to buy hedges against the pickup,. 5 jonathan . Jonathan Jonathan Garland im going to borrow. Whether you think the year has passed quickly or not depends whether you are a sterling fx trader. Its on one year since that vote. The british people have made a very clear decision to take a different path, and as such, i think the country requires fresh leadership to take it in this direction. Inevitably, there will be a period of uncertainty and adjustment following this results, but as the Prime Ministers of this morning, there will be no initial change in the way our people can travel and the way our goods can move or the way our services can be sold. We need a negotiation to start as soon as humanly possible and we need to start thinking globally about our future. The other thing i think the it is tohappen is become a National Bank holiday and we will call it independence day. How many im not sure o
Over greek negotiations. The Prime Minister says he wont make an unconditional agreement with International Creditors as germany says its still waiting to see a comprehensive reforms list. Kingfisher does some home improvement. The retailer closes its diy stores in the u. K. As profits fall and scraps plans to merge where its french rival sending shares higher. Good morning and welcome to the show. We just got the numbers from italy in the form of february jobless numbers. They edged up to 7. 7 in terms of the jobless rate and unemployment rising as well. Data out of germany this morning. Absolutely. German jobless claims. Lets look at the numbers. March adjusted jobless rate at a new record low of 6. 4 . Another data point. Falling to 2. 93 million versus 3. 01 million in the month of february. So once again better than expected data out of germany. We should point out one of the best performing markets in europe as you were pointing out yesterday is germany. That trade continues to b
Hijacked by greece again. You have all the key officials. The ecb, the eu, leaders and certainly financial leaders of key economies, be it germany, be it france. Are they going to have to force greece onto the agenda . Germany wants it very much to be focused on broader topics and sadly i think greece will i think greece will dominate that agenda. The dollar got its mojo back. The euro picking up. 3 against the dollar. We have the Canadian Central Bank meeting. 124. 03. Keep an eye on the bank of canada meeting. We could see a further cut later in the year so says bnp paribas. You see money moving in the socalled payments yesterday as we saw the potential concern from u. S. Rate hikes. We have money coming out of germany and u. S. Debt as well. If you look at the 10year money going into the periphery. Italian down by some three basis points overall. Keep an eye on your bond markets. I would to get into specific stiocks. You talked about iag. Up 1 at the moment. After six months of wait
And hollande calls the bid for alston unacceptable and focusing on Getting Better offers if the firm. A warm welcome to todays program. Plenty to get through in the Corporate News front. Well be focusing on the bank sectors. But before that, we have the final print of the eurozone pmis. And they have come in at 53. 1. They were forecast at 53. 1. But its the highest since june 2011. Com miss composite 54, german 53, forecast at 55. Italian april surface pmi, 51. 1, and that was forecast at 50. 2. French services pmi, 50. 4. So again the two economies most concerned about coming into the beginning of the year showing continue rebound. Eurodollar up to 139. 20. Up to the best levels of the session. In fact were up to nearly the highest in three weeks. Joining us with his you views and for the first part of the show today, tim hayward, head of fixed income. Another sign of increasing activity in the economies weve been most worried about. Spanish yields now below 3 for the first im time i
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