The broadbased losses. The dax is getting pushed punished, down 2 . Eurozone stocks down 1. 7 . Really broadbased losses and parts could be due to the stronger euro because we saw following the ecb Mario Draghis press conference, it hit an alltime high. We are up 0. 2 above the 1600 handle. We are seeing broadbased dollar weakness in the session playing through into other currencies in europe. The fixed income space, yield come down in at the core and periphery keeping a close eye on the peripheral spreads which i will get on in a moment. Look at the euro. A guest of the dollar, about 0. 2 higher. Sterling, ever so slightly higher, almost as he will. 1 almost a super. 1 after four day of losses. You are seeing Euro Weakness against the yen. We are down against the yen. Broadbased strength of the yen. Some divergence begs the question if the euro is due to the dollar weakness. If we look at what is happening with the germany spread, we saw it hit its lowest since 2015 after Mario Draghi
Pay a price for its actions in ukraine. That comes as u. S. President obama blames moscow for the crisis. Welcome to countdown. Get to our top story this morning. Our exclusive interview with the german finance minister wolfgang schauble. European central bank has run out of ways to help the eurozone. With bloomberg at the Business Leaders conference. Is sayingrio draghi again and again is what is needed is reform. It is not for the ecb to implement. There is a government. We agreed. Monetary policy can only buy time. Problems asderlying a matter of fiscal policy in this globalized economy. We have the competitiveness. If you look at whats going on , its veryal economy important that we all know in to do this we have again and again to enhance competitiveness. If we are complacent even in continueif we do not to enhance our competitiveness, we will lose. Should the ecb do more to fight inflation . I do not think they have the instruments to fight inflation, to be frank. Interest rates