Hello again. Youre watching bbc news. As weve been hearing in the past half hour, the number of candidates vying to be the next Prime Minister has been reduced to three. Sajid javid was eliminated from the tory leadership race as borisjohnson again topped the ballot of conservative mps. This is the moment the result was announced. On behalf of that 1922 committee, Charles Walker and i can now declare the results of the fourth ballot. The total of number of votes cast in todays ballad were 319. The total number of spoilt ballot papers was two. Laughter. We have spoiled a perfect record. The total votes to each candidate in alphabetical order were as follows. Michael gove, 61. Jeremy hunt, 59. Sajid javid, 34. Borisjohnson, 157. The following candidates are now eligible to continue on to the next ballot, which will take place this afternoon at 3 30pm in Committee Room 1a. Michael gove, jeremy hunt and Boris Johnson. Thank you very much indeed. That was the result of the latest round anno
Be able to lift the debt ceiling in time . And countdown to the german election. With just a month to go until the vote, what is at stake . Ae ftp tells us it is wary of coalition with chancellor merkel. Have less than a halfhour to go until the open of cash trading. Maybe well get some movement on the ftse, it closed yesterday unchanged and we see futures up. 1 of 1 . Not really any moves in futures either but more than we see on the dax and dax futures unchanged. Cac futures up what one of 1 . The market is in weight and hold mode. The last couple of days waiting to see what janet yellen does. President trump maybe spooked the market into some safe haven trades yesterday. We see them coming off today. Take a look at the bunds, you yields coming back up, still miniscule levels on the german tenyear bonds at least they yields are rising investors get out of that trade. They did the same with treasuries, the yen and gold. In the safe havens and there is not a lot of action and markets a
1. 1783 the efo has been hitting record highs for the past three months. So maybe this pullback was to be expected the german august efo Expectations Index came nat 107. 9, with a forecast of 106. 8. T lets get reaction from Nicholas Brooks the German Economy seems to be firing on all cylinders. Are you worrying about a dip in the efo index . Not at all. Weve seen strong data coming out of germany and europe as a whole. So one data point these numbers are volatile its off maybe shortterm traders will look at this but in the medium term, it means nothing. Especially since the pmi data out of germany was strong. We saw that jump in the manufacturing pmi and across the board in europe we saw after a bit of leveling off last month, we saw a comeback. That makes a very clear picture, very good justification for the ecb to taper, doesnt it absolutely. Thats what they need. The ecb needs to taper for technical reasons as well as economic reasons technical because of the scarcity issues . That
A great day for various european countries. We look at the numbers from france. Lets get the details of what to expect. Setthan ferro joins us on with a preview. What do we need to look out for . The last couple of quarters growth. Got to enjoy when you dig down beneath these numbers, this could be the best growth in some three years. When you look at the individual hentries germany, france, italy, those numbers are barely touching growth. When you get these high figures come it adds fuel to the fire. Mario draghi sat there last week and said that reports are circulating that the german tral bank has stimulus via sure. Were not quite certainly not a done deal. Talk. Ere was from everything you read, it is not a done deal, is it . Not at all. We had to look at the maxis. The really matters is outlook of inflation. It look for the average inflation of 1 . Think are they going to readjust the forecast for next year and the year after. We will stop low inflation. That, thatreaddress is a p
Hello. Welcome to countdown. I mark barton. It is 6 00 a. M. Thursday morning. On the pulse, check out our interview to talk about the swiss watch industry. The new York Attorney general has begun a lawsuit against barclays. Alleging the bank lied to customers masking the extent of highfrequency trading. Markets editor manus cranny is here to explain. Before we get into this. What are dark pools . Why do they use them . They have evolved. It is like a private trading venue. It is where institutions can go to execute highend sell orders without talking about which side they want to be on. Otc, referred to as overthecounter, hence less regulation. Is less transacted. What is at the heart of this lawsuit . Word, lies. Lies and fraud. This is under the martin act. Barclaysing that pursued the growth of the dark pool regards of Everything Else around it. They wanted to catch up with credit suisse. They lied about affecting them. Our complaint alleges that this marketing a protections was fa