a hard time financing operations and it would have to cut even more flights. and there tomorrow on our market correspondent is with us now in frankfurt genelle . let s for a change not to talk about air balloons troubles but pick up on the troubles in catalonia i remember that the spanish market the ibex was heavily under pressure last week what it s like at the start of this new week. funnily enough considering all the tension in the country the ibex is actually performing at its highest level in a week it s rebounded by zero point seven percent and that upswing has mostly been led by the banking sector we saw the shares of bank and bank of this about dow
trading higher on news that they both decided to relocate out of catalonia so that tells you that investors are cheered by the prospect that companies are doing what they can to cover themselves in the event of any political fallout so what s the downside to then more and more companies turning their back on catalonia surely this cannot all be good news yes and you know as it happens it s not only spanish firms that are going to be affected by this we also have the likes of cross border merger deals like for example italy s atlanta and spain s i veritas those are two highway management companies and. merger deal stands to be delayed by the cause of this because of this uncertainty and you also have the american chamber of commerce in spain that saying u.s. companies basically have contingency plans in the bag to relocate out of catalonia overnight if not to luna does decide to cede now there is hope in the market still
restaurants being filled. millions at stake and the cities in the running find out tonight whether they can get king james. let s get started with our lead story. taking stocken your money. the markets in positive territory right now. they ve pulled back a bit from the rally at the opening bell. but the nasdaq, s&p and the dow trading higher. that s a little better than economists expected. but still not great. christine romans from our money team will be joining us shortly. she is here now. christine, good to see you. all right, you said on monday that the next five days would be really important. it s, let s see, it s thursday. give us a reset here. okay. here s the reset. the number you just showed, the jobless claims? that s an important number to watch. you re absolutely right, tony. 454,000, it s still too high, it s not good. we don t want that many people every week lining up for the
a week it s rebounded by zero point seven percent and that upswing has mostly been led by the banking sector we saw the shares of bank and bank of this about dow trading higher on news that they both decided to relocate out of catalonia so that tells you that investors are cheered by the prospect that companies are doing what they can to cover themselves in the event of any political fallout so what s the downside to then of more and more companies turning their back on catalonia surely this cannot all be good news. yes and you know as it happens it s not only spanish firms that are going to be affected by this we also have the likes of cross border merger deals like for example italy s atlanta and spain s i veritas those are two highway management companies and a merger deal stands to be delayed by the cause of this because of this uncertainty and you also have the american chamber of commerce in spain that saying u.s. companies basically have contingency plans in the bag to relocate