What is happening in the u. S. Where indices are off their lowes of the day. Still a sea of red across the main boards led by greece. Italy is down by 1. 5 . Portugal 1. 9 lower. The stoxx 600 falling for the sixth day. It was down by 1. 6 and the biggest drop since september 2016. The biggest today slump since july 2016. We had the biggest weekly slot since november 2016. The dollar is in the ascendance today with all these currencies trading lower. Bond yields are declining so the haven that is bond yields, that trade is working in the bond markets favor across europe. Commodities and cds is your final two columns. Ryan air boosting its net income by 12 to 106 million in the fiscal third quarter. It launched a 750 million share buyback. On carrier valley not to add the costs of rising labor and fuel to its customers. Easyjet is forecasting summer fare increases over the demise of rivals. Ryanairf executive of morning today that he is willing to endure pilot walkouts rather than then
Equities market. Anna a warm welcome to countdown. I am anna edwards. Reporter and i am guy johnson from the greek capital. Anna lets get you up to speed on what is been happening. Lets talk about what has been going on. We will start with the euro. This is the last three days. Lower at the start of the Asian Session as the Foreign Exchange market picked up. We dipped below 110 and came up in the hours that followed moving a little higher. That initial flight to safety in a number of asset classes, definitely present but moderating a little bit. Looking at some of the other asset classes, you can see that as well. Look at what happened to the yen. Again, flight to safety but moderating a little as we get into our stride on this monday morning. How long will any calmness last in the london session . We will have to see. We may see that flight to safety resume. The treasury yield, another expression of the flight to safety trade this morning. Yield coming down on tenyear treasuries, but
Anchor you are welcome to the pulse. I am manus cranny. Also ahead of this hour, we will speak to the former italian Prime Minister mario monti and get his reaction. That is at 9 45 a. M. Stay tuned for that. He and for foxs, Yanis Varoufakis, has announced his stepping down. The news at degrees voted overwhelmingly to retract further astray ready in a referendum. Prime minister Alexis Tsipras held at the result is a great victory. That would allow him to return to the negotiating table with a strengthened hand. With all of the angles covered. Erik schatzker on the ground and paul gordon in frankfurt. Mark barton is standing by. Strata Erik Schatzker. What a 24 hours. The votes. What is the significance . Varoufakis pulled one out of the bag. Will do appreciate improve their negotiating . Erik let me quote from Yanis Varoufakis on his blog. An excerpt, soon after the results i was made aware of a certain preference by eurogroup partners from my absence, an idea that the Prime Minister
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
Anna it is 6 00 here in london. Lets talk about what happened in the u. S. Markets. Guy looking quite nicely untold the pictures and headlines appeared. This is the s p 500. If we zoom out a bit further there it is. That is the point at which we see the greek writing. Anna show what happened yesterday. Guy that was really positive. Probably a tail coming through in todays session. The greeks having a Global Effect once again. Anna we broke the longest rally in u. S. Equity since january. As you say, the netflix story complete the different up 10 . And internationally annaguy you are one of them. Anna this is a business growing fast internationally. It is the fast performer on the s p 500. Guy lets turn to athens where lawmakers passed the bailout that keeps them in the euro. For now. Alexis tsipras pitched his deal as the best for the greek people. Despite the fiscal measures and restrictions, we are capable of a lot in this country, which will serve the benefit of the majority and res