It feels like a long week but second week of september. European stocks are prep flat. We had a mixed week overall. There have been concerns over evaluations in some pockets of the market, global and technology stuff and then the other big question is what happens to euro . Christine lagarde delivered relatively mild comments on the currency surge. And headed for the biggest weekly drop since march. Lets get to bloomberg first word. Europe has overtaken the u. S. In terms of coronavirus infections. The e. U. , norway, iceland and lichtenstein reported more than 27,000 cases on wednesday compared to 26,000 in the u. S. The region has remerged as a global hot spot after bringing the pandemic under control earlier in the year. The odds of another round of u. S. Fiscal stimulus has dropped. Senators dropped a republican proposal for slimmed down support in the region of 500 billion to 700 billion dollars. Temperatures are looking for temperatures are looking or 2. 2 trillion. The u. K. Eco
Been on the year. A lot of traders saying this could be a good time to buy vol given some of the structural issues. Keeping a my on emerging markets, the msci keeping an eye on emerging markets, the msci has swung back and forth, now up about 0. 4 . Guy the big story out of europe over the last five days, actually as well out of the United States, is that stocks have gone nowhere in a hurry. The stoxx 600 is just up 0. 3 for the week. Today a little less quiet on the volume front. This is the average volume at highs. Today is a mess of expiring of options. The blue bars here are the average volume you see throughout the day during the European Equity market session. The white lines are the actual volume today. As you can see come a big spike around 10 00 when those expirys came through. When we get the close and a little while, we will see significantly higher volume. We are getting big volume today, but very little sense of direction from european equities. Let me show you the numbers
Nasdaq, back up there another 11point gain. Now, Interest Rates, that was the trigger this week. The market is predicting three rate cuts this year. Up goes the market. Picture this. Speaker pelosi addresses a closed door meeting of House Democrats. She comes down hard on the young radicals. You got a problem, bring it to me, she says. That did not go down well. Aoc fired back. The speaker is quote, outright disrespectful to singling out women of color. Its a fight with race and gender thrown into the democrat divide. Action in the gulf. Iranian gun boats try to take over a British Oil Tanker. A British Navy Ship stopped it. The price of oil, i believe right now its back at, yes it is, 60 a barrel, 60. 59 per barrel. Lots of factors pushing oil up today. Records on wall street and an intruder at Buckingham Palace . You get it all on Varney Company which is about to begin. Stuart watch out in new orleans. Heavy rain, flash flood, emergency in new orleans. There might be a hurricane on t
This morning on Capitol Hill Bank regulators are testifying on climaterelated Financial Risks and Monetary Policy. They are appearing before the House Financial Services subcommittee. We will have live coverage here on cspan2 when that hearing gets underway. [inaudible conversations] the committee will come to order. Without objection of the chairs authorized to declare a recess at any time. This hearing is entitled climate risk are financial regulators politically independent . Without objection all members will have five legislative days within which to submit extremist materials to the chair for inclusion in the record. I now recognize myself for four minutes to give an Opening Statement. Federal regulators represented here today have coordinated to promulgate principles for managing climaterelated Financial Risks. The guidance and information requested by the regulators aligned with a 2021 executive order, efforts promoted by the Financial Stability Oversight Council. Chair yellow
This morning on Capitol Hill Bank regulators are testifying on climaterelated Financial Risks and Monetary Policy. They are appearing before the House Financial Services subcommittee. We will have live coverage here on cspan2 when that hearing gets underway. [inaudible conversations] the committee will come to order. Without objection of the chairs authorized to declare a recess at any time. This hearing is entitled climate risk are financial regulators politically independent . Without objection all members will have five legislative days within which to submit extremist materials to the chair for inclusion in the record. I now recognize myself for four minutes to give an Opening Statement. Federal regulators represented here today have coordinated to promulgate principles for managing climaterelated Financial Risks. The guidance and information requested by the regulators aligned with a 2021 executive order, efforts promoted by the Financial Stability Oversight Council. Chair yellow