Rising. But general feeling is one of where we are down for the third day in four days after dropping for the first week. Equities are declining and stocks falling, currencies falling against the dollar include the pound, the euro, the danish krone, the swiss franc. Rising, andare getting back to the bond market, betting on spanish bond outperformance versus italys performance is a question many are asking. The upgrade from fish, traders have been lessened theres a listen through the ecig about italian less enthusiastic about italian trading. Chart, see this from the from a low 24 basis points a month ago. Our police strategists recommend barclays strategists recommended closing the trade against spanish bonds. Spainis underperforming and the bulk of a divergence is done. Time will tell. A big week for eurozone data, wonderful chart highlighting Economic Confidence. The blue lines employment growth in the white line is gdp growth rate the green bars, a lot of data should show Economic
To the primespeak minister and we are joined by the Deputy Governor of swedens riksbank. We will also be speaking to the Prime Minister of italy. Ceo. He saudi aramco there are plenty of good interviews coming up. Trumps new trade barriers are putting more pressure on the nafta talks when they resume later this week. Ont is as important taxes washing machines and solar affect canada and mexico. We are working very hard to make sure our neighbors to the south recognize how important nafta is and that it benefits not just our economy, but his economy, and the World Economy. Very much open to re trade deals involving more people. Has withdrawner the offer he made last week to give donald trump more than the initial 1. 6 billion he requested for the u. S. Mexico border wall. Republicans called the move a step back in the continuing debate for immigration. Donald trump tweeted, crying Chuck Schumer understands that if there is no wall, there is no daca. The u. S. Federal reserve governor Je
Jumping 2 , declining to that sort of magnitude in germany, for the euro stoxx 50 itself in belgium, also lower today. We had one day of respite yesterday, but the trend is right much a downward one. Sterling on the rally today, up by 8 10 of 1 . Mark carney saying that u. K. Interest rates may need to rise at a steeper rates in originally thought to prevent the brexit weakened economy from overheating. They 77 chance of a a high before the announcement. Look at on yields rising today, the u. K. Fiveyear is up by nine basis points, in the wake of a more hawkish bank of england, with bond insurance being your final column of their. Subject shares earlier rising 6. 2 . The chief executive weathering the low volatility of the late 2017 better than some competitors, returning the bank Equities Trading business to traditional strength, the lender posting been better posting betterthanexpected quarterly restructuring charges at the bottom line. Crediting into the news, one year into the rest
Equity side. One asset class to be looking for is oil. Iran talk continues in the anna in vienna. Not likely to meet the deadline tonight. Will they get some sort of deal . We saw the route over the past few days. Here we have it, down 52. 90. It is trading slightly. We are seeing settles in the oil price. Zero, pretty much south. Up by half percent yesterday. A little bit of concern about what is to be done with the ecb and ela. Will they give more funding to the greek banks eventually. More haircuts in can more haircuts to collateral. Greek markets are rising. Down in germany. A slight change. This is yesterdays close. We are not updating. This is yesterdays news. Today, we are seeing more Risk Appetite in terms of debt market. We are expecting some significant moves. People saying Axel Springer, owner of numerous newspapers in germany, could combine. Remember 10 years ago . It was squashed by regulators. The german Media Companies refamiliarizing themselves with potential deals. Mar
Well. How it the euro is performing. We are at one dollar 1016. The emergency button. We are trading 2 lower. In terms of concern. It has been seen as a haven. I want to look at the u. S. That. Money u. S. Debt. Money moving into treasuries this morning. Chinese bonds have been rallying. Similar in japan and germany. We are looking for that safety right now. Money tentatively starting to go back into italy. Hope that we might see some sort of deal struck in greece. Finance ministers talking about all of this. Let us look quickly at all of the stocks. Barclays up 2. 6 . Euphoria potentially did when barkley comes out with his earnings, it may benefit. Potentially more restructuring to come. John mcfarlane immediately making this changes, deciding to get rid of the chief executive Antony Jenkins. He will be the interim ceo. This particular drug maker higher. Done by 3 . Down by 3 . They reduce their forecast for organic sales for the year. Downgrading their forecast. Down goes the stock,