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Transcripts for BBCNEWS World Business Report 20240604 05:45:00

your take? i think markets wanted to hear, your take? i think markets wanted to hear, expected l your take? i think markets l wanted to hear, expected to hear him stay the need to continue to raise rates more aggressively because the jobs report on friday was deemed part because they added more than 500,000 jobs last month. 0ne one particular report is not going to change the way they navigate this tightening process so from less than a week ago to be saying one thing, say something entirely different yesterday would be very inconsistent with the messages they previously said so we ve had a lot of what they actually said last weekend when markets got rid of that then they did start to pare back some of the moves that they had made over the course of the last one or two trading sessions on the back of that stronger usjobs report. sessions on the back of that stronger us jobs report. stronger us obs report. thank ou stronger us obs report. thank you craig. stronger us jobs report.

Transcripts for BBCNEWS World Business Report 20240604 05:36:00

to the economic club. the fed chair warned that friday s eye popping jobs report showed why the battle against inflation will take quite a bit of time. and when it comes to interest rates the fed is ready to be more aggressive if needed. markets were choppy but then ended on a high. i was hoping we could talk to craig earle about this, the senior market analyst at wanda but hopefully we can talk to him later on. in the meantime, the speech from jerome ball up the speech from jerome ball up the fed and we will discuss that later in terms of what he had to say and the us president does highlight risk. from the war in ukraine to climate change there are a few places where risk is better understood or more thoroughly assessed than at the insurance market lloyds of london. everything from satellites to ukrainian green ships are insured at the 300 year old organisation. its iconic headquarters sits at the

Transcripts for BBCNEWS World Business Report 20240604 05:44:00

strategy, one is going to be the global integrator and that is a fierce minefield exist freight forwarders of the world standard to port operator with extra benefits with that. so whether you are a global shipper, you will pay for that. thank you. we will watch out for numbers from maersk with interest. let s return now to the us when i comes to wall street their attention was on jerome powell. he made a speech in washington as well yesterday talking to the economic club and every word was weighed for what is ahead when it comes to interest rate decisions. talk to craig now. what you were speaking, markets were choppy and they could not decide whether he was hawkish or not. your take? t whether he was hawkish or not. your take? your take? i think markets wanted to

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Transcripts for BBCNEWS World Business Report 20240604 04:40:00

this vote, then we could also get more attention in financial markets. the prime minister has bought stability for the country in financial markets, if we went into new elections we could possibly see a small euro crisis widening to spread to europe in coming months. thank you for your perspective. next spring and craig earle and senior analyst. next spring and craig earle and senioranalyst. parity, next spring and craig earle and senior analyst. parity, the eurodollar it was a big moment, and listening to what karsten was saying you can understand by the euro is weak? you was saying you can understand by the euro is weak? by the euro is weak? you can there is one by the euro is weak? you can there is one thing by the euro is weak? you can i there is one thing contrasting at the moment between europe and the us, that is the us as hiking rates recently but has a very resilient economy and a strong labour market, it seems that resilience is what is holding the dollar together.

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