Good morning. Im wilfred frost. Good morning to you. Good morning. Great to have you with us. Lets check on Global Market action. Yesterday a little bit soft around about a third of 1 . But we were off the lows of the day by the close finding a little bit of impetus in the second half of the day. Were higher by sort of similar amount to what we decline yesterday, 35 points for the dow, 3. 4 for the s p and nasdaq 16 points higher. Lets have a look at the pound sterling dropping to the weakest level against the dollar since june 1985, the plunge in the currency coming off the uk Prime Minister teresa may said she would trigger brexit at the start, the brexit discussions by the end of march. Were down half a percent. We were down the best part of 1 earlier but half an hour ago we got uk Construction Data which was showing positive growth for the first time in quite a few months. So that was unexpect pandemic come off the lows of the day but still down as we were yesterday as we were over
Ground. Wti still above 48 trading at 48. 43. Other top stories were watching, currency markets. Sterling dropping to the weakest level against the dollar since june of 1985. Now the plunge in the currency after uk Prime Minister theresa may said shes going to trigger the start of brexit by the end of march. Also a little bit of corporate news. Shares of Deutsche Bank rising in german trading. Remember markets in germany were closed for a Public Holiday yesterday. Big question, of course, will a Justice Department settlement be favorable to the bank or not . Deutsche bank getting a strong vote confidence from a big name and competitor on wall street. Heres jpmorgans ceo and chairman jamie dimon that believes the german lender will be just fine. Theres no reason that Deutsche Bank shouldnt get over its problems. They have plenty of capital and play liquidity. We want these banks to get through. Its better for everybody that we move on and help do our jobs. More on Deutsche Bank coming u
Anna a welcome to the program everybody. 6 00 in the morning here this wednesday. Manus, thank you very much. ,his is janet yellen yesterday cautious and gradual the watchword. Bloomberg has what she had to say in the immediate aftermath, month towards the worst in five years. A contrast to last week, hearing that the talks was whether that the meeting was still on. Manus a lot of the argument, the people that spoke last week, there was a real sense of interpretation that this was her finest, strongest, commanding thech in terms of commanderinchief of the federal reserve. I quite like this. We are being a little bit tongue an inching. It goes to the heart of the issue. Rp function,at the wr we have shifted. 28 probability of a height in june. No sign of a height, 54 of ability by the end ina there was a 6 chance april. Nowall chance earlier, zero. Manus cranny have emerging markets really shifting gear. The biggest jump in almost two weeks. We are getting back a little bit of this this