Yesterday was a standout day. It was the best day for the dow since may 19th the best day for the s p 500 since may 24th and the best day for the nasdaq since december 11th of last year. Things are looking cautious at the open overnight in asia, the nikkei finished up by 0. 8 . The hang seng and shanghai were weaker hang seng down by 0. 3 in europe, some of the early trading thatsalready taken place, you can see right now it looks like there are some modest advances for many major indices. The dax and cac are up the ftse is flat crude oil prices were under pressure yesterday crude settled at the lowest level since november of last year it was down 54 cents to 44. 20. This morning its down another 8 cents. Testing that 44 level at 44. 12 you got the beach on your mind a little bit. Okacean i was thinking ahead to stocks i have not had coffee yet. Following a developing story in barclays. Uk authorities filed criminal charges again the bank and four Top Executives under undisclosed payme
Opens in percentage terms. S p would open down about 3. 5 . Dow futures down by 2. 7 . The nasdaq down 3. 4 . Counterfactual here from the fear mongers. I think the sun will come up tomorrow. The european markets are having a rougher go of things this morning. Ftsi down, the dax over a 6. 5 . The cac in france down 7. 9 . Italy stocks down close to 10 and in spain the ibex is over 10 . Concern about weaker potential economies what would happen if after brexit the rest of the European Union starts to fall apart lets start working on. We have grexit as a word. Italianexit. Spanexit. Portugo. We need to start working on the signs. I think its already gone someone told me. Some that ugly looking thing. Lets look at the currency markets that is where much of the havoc had played out again. The pound had gone into this on the assumption that this vote would go and the uk would actually remain. As a result we saw the pound almost at 150 yesterday. Right now down by over 6. 5 to 139 but went a
Good morning and welcome to a very special edition of Worldwide Exchange. We are live in london today. I am sara eisen. It is a new day in the uk. It certainly is indeed sara. Im wilfred frost. A very warm welcome to london from me as well. We are across the river thames on the day that uk voters have backed an exit from the European Union. Trait to the the Market Reaction which is severe. The center of the storm t british pound plunging overnight to a level we havent seen since back many 1985. A record fall for the currency. Currently trading at 138 wilfred before many people here went to bed last night, the british pound was at 150 on optimism that britain would stay in the European Union. The vote goes the other way and the pound plummet. Hitting a low this morning of 122. 39 a 30 year low. Records are being shattered across the markets. The euro a record plunge for the currency since its introduction back in 1999. Lets show you do euro against the u. S. Dollar. 111. 23. The concern