What do we need to do to finish higher for a second consecutive week is rise at least 0. 07 . We are 0. 05 higher. Week,do rise for a second the best run since midjuly. Janet yellen did not address Monetary Policy. You have seen the stoxx 600 come off highs of the day and up for the third weekly gain in four. German Corporate Customer is weakening slightly in august, suggesting mild nervousness along how long europes biggest economy can hold its growth spurred. Spurt. Red earlier of germany showing gdp is strong and Government Spending driving gdp, up. 6 in the last quarter. Germany faces the uncertainty of elections next month. Not amy and the wider concerns immune about wider concerns about investor confidence. Concerns over foreign sales and the nationwide automaker scandal. Utilities are a sector we do not talk about everyday. Strategists backing european stocks are like a local markets is growing with utilities, financial services, utilities is the white line and the euro stocks i
Attention to mario draghi. Investors should be paying more attention to draghi, not yellen. Walking on eggshells. Everything to gain is so dependent. Obviously if the euro zone was to show any signs of rolling over, inflation drifts back down it may be very difficult for them to announce anything at all but certainly the market is looking for some clarity. The central bankers want to be very gradual, very careful in both signaling and implementing the withdrawal of this extraordinary accommodation they put in place the last few years. How do you exit in a careful way where you dont signal too much youre exiting and still give time for the economies to do well and still give time for the inflation to come up and i think he will at jack hole go carefully forward. The economy there is more fragile than the u. S. From a structural perspective so i think the draghi comments will have much more information content at this stage. The e. C. Wants to always say, were always going to say nothing
To mario draghi. Investors should be paying more attention to draghi, not yellen. He was walking on eggshells. Everything to gain is so dependent. So data dependent. Obviously if the euro zone was to show any signs of rolling over, core inflation drifts back down. It may be very difficult for them to announce anything at all but certainly the market is looking for some clarity. The central bankers want to be very gradual, very careful in both signaling and implementing the withdrawal of this extraordinary accommodation they put in place the last few years. How do you exit in a careful way where you dont signal too much youre exiting and still give time for the economies to do well and still give time for the inflation to come up and i think he will at jackson hole go carefully forward. The economy there is more fragile than the u. S. From a structural perspective, so i think the draghi comments will have much more information content at this stage. The ecb wants to always say, were alw
A. M. And when london. This is emerging markets, middle east. Lets check something currently pummeling the u. S. , im not mcgregorbout conor versus floyd mayweather. In talking about hurricane harvick the strongest to hit the u. S. In 13 years has smashed into the texas coast and has and gaswn key oil infrastructure. Look at how thats affecting oil at the moment. Those ticking up under 25 of gold out put, 429,000 barrels per day. It was category four, its now been downgraded to a tropical storm. Still expecting a lot of rain to hit texas over the coming days which could cause widespread flooding. Lets check our u. S. Markets closed on friday. S p 500 index picked up four points after comments from trumps Economic Advisor saying he thought performances quepasas year. Also if the back of jackson hole, that was victory on friday. You can see the impact right there from a perspective on the bloomberg. Janet year yield yellen speaking about Financial Stability, she didnt say any about this,
To mario draghi. Investors should be paying more attention to draghi, not yellen. He was walking on eggshells. Everything to gain is so dependent. So data dependent. Obviously if the euro zone was to show any signs of rolling over, core inflation drifts back down. It may be very difficult for them to announce anything at all but certainly the market is looking for some clarity. The central bankers want to be very gradual, very careful in both signaling and implementing the withdrawal of this extraordinary accommodation they put in place the last few years. How do you exit in a careful way where you dont signal too much youre exiting and still give time for the economies to do well and still give time for the inflation to come up and i think he will at jackson hole go carefully forward. The economy there is more fragile than the u. S. From a structural perspective, so i think the draghi comments will have much more information content at this stage. The ecb wants to always say, were alw