Market. Shoots to the top of the French Market after they raise profit goals but spirits are low after the drinks maker warns of a tough climate due to softness in china. Case dismissed. A judge drops a lawsuit against barclays and major u. S. Stock exchanges clearing them of accusations of rigging markets for fast traders. Welcome to the show. Yes here on thursday stocks are sharply higher here in europe after a down day yesterday. The stoxx europe 600 off session highs but were up almost 2. 5 . This after stocks move sharply in the u. S. The dow Getting Better than 600 points. This after fed president in new york bill dudley says a september rate hike is looking less compelling. The fed set up a major policy move in the direction of hiking rates in september but given the weak Economic Data compiled with the weakness in china, that september rate hike hooking less likely. In fact, now suggesting december is look more likely. Here in europe we break down the trade. The ftse 100 up 126
The question is where next. Janet faces her semi annual grilling by lawmakers. Ceo garyormer saks cohn is the top person to take her job. While it has risen sharply, hedgings have been their bets. What are we expecting . Look at european futures. We have gains across the board. Up 0. 4 . Far more interesting is looking at on yields, especially considering what we have ahead or bank of canada. Take a look at 83 j chart of the german bund. A threeday chart of the german bund. We have seen moves like this recently. Spike toe saw a bigger read right now, looking at the 10 gain. Investors feel comfortable selling off the perceived safety of German Government debt. In terms of the risk sentiment, that is interesting. Basis points, that does not sell like a big move, but in terms of real money, that is a significant move. In terms of the gmm, lets look at what is happening. The upside for the turkish market. The Australian Market down. The brazilian market, overnight, gaining as well. Toeer v
Capitol hill, and Christine Lagarde tells cnbc that the fed will not cause another taper tantrum. I think it has already learned from that experience both at the fed left avel and ad the world. The fed itself has measured exactly how to communicate and oil markets trading solidly higher were waiting keough pey opec d well be speaking to bob dudley in 30 minutes time were seeing almost solid wall of green this morning and this is despite the fact that markets are very much in wait and see mode waiting for yellens testimony later today stoxx 600 already up over half a percent. Across the board, up pretty high ftse and the cac up around 0. 7 . Xetra dax almost half a percent higher lets look at some sectors almost everything is in the green. Its really media the only laggard here spring in oil and gas not surprising that oil itself was up in yesterdays session and again in todays session tracking about a percent and a half higher. Janet yellen is expected to field questions of Interest Ra
Hsbc names mark tucker as the new chairman. The shares jumped the most since december. And the fingers on the trigger. British Prime Minister theresa may is poised to invoke article 50 and start the Brexit Process as early as tomorrow. But is sterling oversold ahead of brexit . Matt guy, we are less than half an hour away from the european cash open. Lets take a look at where the futures are trading right now, pointing to very slight gains, very slight. Is the cac, gain but otherwise the dax is slipping. Im taking a look also at german yields. Let me zoom in on what we are seeing here at the open for looks like climbing just a little bit investors are selling off german debt, maybe the 10 year isnt what we should be focused in on. The short end of the curve looks extreme, very negative as far as the shorter end of the german debt curve. Guy was interesting as well is the relationship to switzerland we will bring you that chart later on. Lets go to the gmm function. I want to deal first
Story, a story of a witch, and a president ial candidate. That is right, there is a witch in brooklyn who is putting a spell on the donald, i chased this out to bushwick to Ever Green Cemetery to get a look at what they are about, what that young witch thinks she is doing to donalds chances for a president ial win in 2016. Yenys mom is a full wish. Santaria is a combination. Yeny is a half witch. What is the difference . Yenys mom is a full witch. So her father is not that makes her a half witch. Growing up, i saw her do spells mostly protection spells. But when yeny got so frustrated she called her mom to tell her how donald trump has been frustrating her, her mom encourage that yeny use witchcraft to put a hex on the donald. How i could curse him, she took it seriously. Told me to ask the ice queen to freeze him, i took it seriously. Who is the ice queen . The ice queen is the lady responsible for the freezing of donald trump. That hopefully will happen. She started doing her own spe