Extremists. Kohls kaepernick and that with polls have her neck and neck the first round. A big impact on the markets. Lets get to your day to check. One thing we need to watch out for today. There is a very clear move to haven assets. You can see what we are seeing for young, for example, 110. I wanted to show gold in a couple of minutes. Stocks slumping. Yen gaming amid geopolitical concerns. Stocks in europe for the unchanged. Kreuz something we need to watch out for, just above 53. Something we need to watch out for, just above 53. Gold is gaining at the moment. Nejra the white house has warned syria to stop using barrel bombs against civilians. It suggests donald trump may expand the criteria for u. S. Action against assad. Rex tillerson visits moscow a chance to persuade russia to cut support for the syrian regime. Trench president ial candidate Marine Le Pen has described multiculturalism as a weapon for extremists. In paris, she said fighting terrorism must involve preventing mu
The economy is slowing ahead of the referendum. The bank of england has a tricky judgment call. It cant go too far out there politically and say what the economy would do if we were to vote against staying in the eu but it is clear the economy is slowing. The assumption is that the economy will pick up the growth it lost in the Second Quarter if the u. K. Votes to stay in the eu. Lots of headlines here. They are rate increases, are more likely than not. It may cause the pound to drop sharply. It sees inflation dropping. That is very important because as inflation is forecast to rise, the bank of england is telling us, rates are going to be raised in the forecast. In the 23year horizon. Investors will depend a lot on what happens in the upcoming referendum. The big take away is that yes, the bank of england has cut the gdp forecast for this year but it is not a big surprise. The economy is slowing and the back. Ata is there is a slowdown in construction and manufacturing. The conference
It is that we have a broken political system we are trying to understand. How did it get to this situation you have with the divided party and what are the repercussions in europe . We are just trying to figure out where it goes and what it means for us here in europe. Tom i totally agree and particularly nation to nation as may makes a visit to merkel today. Now to our first word news, heres taylor riggs. Taylor Donald Trumps son announced that he had the number of votes needed to win the republican nomination. His son says that as president , trump will not take no for an answer. I know that when people tell him and cannot be done, that is when he guarantees it can be done. When someone tells him something is impossible, that is what triggers him into action. Taylor the convention also nominated mike pence. There will not be any hard targeting when theresa may meets with Angela Merkel. Merkel has said there will be no concrete negotiations until the u. K. Triggers the clause. May and
Headquarters in london. We are just getting some breaking news out of the International Energy agency. They are one of the best barometers to understand the supply and demand balance when it comes to oil. They are seeing market rebalancing despite the record gulf production. Yesterday, we found out that we understand saudi arabia is pumping at record highs. Put it against the disruptions we saw in venezuela and nigeria, and that stockpiling the u. S. Which beat estimates, and this is a picture for crude. This is brent. States iswti in the still below 42. Iea saying the market rebalancing is happening despite this Record Oil Production from the gulf. What they mean is saudi arabia. That is nymex. Lets get straight to the rest of the markets. I wanted to show you the new zealand dollar. We are seeing that higher. Pound below 1. 30. We had some disappointing news for the housing market. Lets get to nejra cehic. Look researched to a oneyear high after the reserve bank of new england cut ra
Ukrainian currency has been battered. And a surprising move from the ecb, which announced it is cutting off a key lifeline to greeces banks. The ecb says it will restrict loans. Shares of greece bank plummeted. Finance minister Yanis Varoufakis is in berlin where he will meet one of his main antagonists. Brendan bad news is at them is your health insurer. Hackers of stolen data. That data includes names birthdays, and Social Security numbers. No word on how the breach occurred or when it was discovered. The fbi is investigating. One investigation to another. Ubs is again under federal investigation. The u. S. Is looking into whether the bank helped americans and evade taxes. The probe reportedly centers on bearer securities that can be used by catch. Ubs solved a separate case with the Justice Department six years ago, tom. Tom in the soap opera known as radioshack, the bankruptcy can be coming in hours. The beleaguered retailer reported in an agreement to have Brendan Greeley make one