And possibly easing sanctions on iran. Josh, kind of a quiet market day here interesting rotations going on what do you make of the action today . This week its just been incredible for anything of value versus growth, anything small over large and theres a tend densy when we see these outside moves. For example, russell up 5. 5 over the last week theres a tendency to look at that and say ive missed it or that has to be the top of something. When you actually go back and find examples of this sort of thing happening in the recent past, actually that always had taken place at notable bottoms in the russell 2000. For example, we had three versions of this in the year 2016 where you have just this incredible week for small cap, for value and it wasnt the end of something or a blip it lully was the end of the selling. You can stay with this trade if youre on and. Portfolio tilt for smallend value. After a really long drought of good news. So a lot of people are happy about that take a look
Faded across the european space. We started with some upside for european equities and we are closing out the session across the benchmark down a 10th of a percent. Never mind that you saw Material Impact from some of these policies coming through over the weekend in cities like beijing and shanghai with a tick up in home sales. Not enough to maintain momentum across the european space. We also saw yields on european debt taking higher. As you look to the restart of trade on tuesday after the labor day holiday, so downside of a 10th of a percent but a context that last week was the best week for u. S. Stocks since june. Eurodollar, 1. 0 seven, flat for the single currency and we continue to hear both sides of the spectrum on whether or not the European Central go further in its rate hiking trajectory. The next meeting and decision, september 14. Close to 89 a barrel on brent. Oil by the way is up since late june by about 22 . China of course a factor in terms of how you think about the
Coming up in the next half hour, after the failure to reach an interim brexit deal, labour reckons its the dup tail wagging the government dog. What an embarrassment the last 2a hours have given a new meaning to the phrase coalition of chaos. A review of counterterror intelligence draws an uncomfortable conclusion about the Manchester Arena bombing. It is conceivable that the attack might have been averted had the cards fall indifferently. And the work and pensions secretary says he will release documents on universal credit to a commons committee. But first, it was not the appearance before mps that the government had been hoping for. Thered been some optimism that after mondays talks, theresa may will be able to come to the commons and announced progress on brexit. But such hopes were torpedoed when the dup leader Arlene Foster made it clear to theresa may at the last minute that she would not accept a deal which appeared to Online Northern irelands trading rules with that of the iri
Aus north korea as a brutal regime after a us student that was imprisoned there guys. Stay hydrated, as the uk heatwave continues. Imprisoned there guys. Imprisoned there has died. Good morning. Its tuesday 20th june. Im annita mcveigh. Welcome to bbc newsroom live. The Serious Fraud office has charged barclays and four former executives including former chief Executivejohn Varley with fraud over the banks dealings with qatar at the height of the financial crisis. Barclays raised Emergency Funding from qatar in 2008 to avoid a government bail out. Now barclays has become the first bank to Face Criminal Charges for actions during the financial crisis. With me is ben thompson. The first Senior Executives to face charges over alleged activities in that period of the financial crisis. Tell us more period of the financial crisis. Tell us more about what the charges are. You have two turn the clock back to 2008, the height of the crisis. Three of the biggest banks said they we re three of th
Side with the falling temperatures. Just wild weather. Its miserable information you gave out. This is april. Lets go back to march. How miserable is this. Its cold and raw and take a look at whats happening. Spring has been on hold here and light rain in new york city. After the first day, it was beautiful. 79. Weve been plummeting. We well below average and a couple of days with snow showers and no signs of warm patterns coming in. Weekend weather advisories that expire through the evening. Accumulating snow can still finance duchess county, but its going to wind down. We have a freeze warning, coastal connecticut, lower westchester and new york city and long island and southern and Central New Jersey as well. It should be the meadow and central park we mowed last week. Low ceilings causing delays. 44 degrees. It has been an in credible range with below freezing temperatures. It was 60s river. Rain has reached ocean county. You can see the split. The rain snow line is along i84 and c