Ftse 100 up more than 1 . 40 up almost 1 here. They say it really is back to business here in European Equity markets. If we move along and have a look at the euro dollar it was all about risk aversion yesterday and one of those points was a wicker euro gets the dollar. It is extending losses today at a sevenmonth low. But this is very much about the dollar trade rather than the euro. If we look at the dollar that actually hit a sevenmonth high today. Turning very much back to monitoring policy convergence. The ecb looking at the prospect of a fed rate rise. And that is also why were seeing a weaker gold price. A sixday trading at its lowest level in more than five years. Backtion turning very much toward the Global Market cues. Traders are currently pricing in a probability of a fed rate rise by december at 66 . And we have that u. S. Inflation data coming as well. Jon two minutes into the session, blanket green on the screen. The green on the dax in the cac 40 as well. Green in the A
Combined fines could top 5 billion. U. K. Retail in a rut. Shares slip as a sharp outlook overshadows better than expected earnings. Marks and spencer also in the red as the Share Buy Back fails to impress. Good morning and welcome to Worldwide Exchange. Lets have a quick peak of where your dollar is trading. The big news obviously that came yesterday but today germanys ppi down 1. 5 on the year. Thats a weaker number than expected. I wonder if were looking at the Euro Dollar Exchange rate right now, 11114. How vulnerable is the euro dollar to raise in yields again. What if we see the bond yields right now. Currently 60 basis points. Does the ecb come in and use verbal intervention. Absolutely. Very interesting point that the euro dollar moved like an equity over the last six months. We saw it correct. We saw it come back away from 104, 105 handle and it it is moving really off the back of the ecb comments that you just mentioned yesterday. Interesting to also point the german bund. Fo
With theories adjustment on gdp. Back and forth. The numbers up and down. Earnings before the bell. Pepsi. After the bell, aig, truly a. All government offices are closed today. That is what happens when you that half an inch of snow. Shut them down. That is it. An interesting day with the storm going on. Ooking at the data check stocks, bonds, convert commodities. Futures down seven after Janet Yellens testimony. Eurodollar down. A little bit stronger back and forth over the past three days. Under 100. Ex crude we go on to the gold market. That is a big deal. The bulls and gold getting a little bit of confidence here over the past number of days. Stronger yen. Still inrling business. Scotland still part of the folds. Scarlet fu has the top page. Bloomberg has learned comcast has agreed to buy Time Warner Cable for 34 billion in an all stock deal. This would combine the two largest Cable Operators according to people familiar with the situation. Outt is supposed to come later today. Wh