So that is pretty evenly split, actually. Theres certainly quite a lot of recognition that Central Banks need to think about new toolkits. We are going to go to some questions now, but if you want. O use the platform to submit i think larry gave an excellent description of what the core problem is that the developed world faces, that there is a glut of saving and a , and it of investment really means that we have to have fiscal policy, structural policy, and things other than. Ust relying on Central Banks i think Central Banks need to do what can come about they can. Adopting a system called flexible average inflation targeting, i think this is an appropriate change. Somewhat improve the scope of Monetary Policy to show that shortterm Interest Rates are often constrained by the effect of lower bound. I think it is helpful in preventing a cycle of falling inflation feeding falling inflation expectations, but i strongly believe Central Banks need to be independent and need to do everythi
1. 1859. Bond markets also turned around. Higher in moving terms of the yield lower in terms of price. That is reflecting what is happening on the bond market as well and by the equity market. Alix, things are turning around a little bit here. Slightlyut to be a more bumpy end of the week than anticipated. Alix watching quadruple witching as me head to the close here in the u. S. The London Stock Exchange is in talks to sell boris teliana to euronext and two institutions. Joining us now from paris is the ceo of euronext, stephane boujnah. We have learned and there were other bids higher than yours but won. Can you give me insight about how that deal came about, and why . I dont know the levels of the bids, and i dont have information on the computing bids. What i know is that the board of directions decided to enter two different positions with us following the process which was run efficiently. Finalizew trying to the signing of this transaction as soon as practical. An options proces
Happened. The bears breathe a sigh of relief. But is it all over as soon as it started . The cash trade is just an hour away so lets see if this has legs. Here are your top headlines. With thes a big blow nasdaq down almost 5 . The s p severs it steepest drop since june. And suffers its deepest drop since june. Bill ackman tells market jitters the National Bank to challenge santander. So, a lot going on today, as well as german factory orders. They are now out. Ofth over month, the gain 2. 8 not nearly as much as a survey, which was 5 . Over the prior number, which was 27. 9 . Yearoveryear, its a drop of 7. 3 , which is worse than the survey drop of 6. 0 . And a slight improvement from 11. 3 on the prior numbers. So during factory orders german factory orders not shining light on this. Just under an hour away from the start of cash equity trading. Futures are down in europe. And remember, yesterday we were looking at gains on the dax of more than 1 . Then we closed losses of more than
Asia, Europe and the United States baked under extreme heat on Monday as global temperatures soared toward alarming highs and U.S. leaders sought to reignite climate diplomacy with China.
PHOENIX, July 17 (Reuters) - Asia, Europe and the United States baked under extreme heat on Monday as global temperatures soared toward alarming highs and U.S. leaders sought to reignite climate diplomacy with China. The United States was scorched by record-setting heat in the West and South, lashed with flood-triggering rain in the Northeast, and |