Julie . Julie we havent seen as much swinging around and eason days for the mazer averages. We have seen stocks lower, remaining there, with modest losses for the moment. Continuing that selling momentum that we saw yesterday. If you take a look at the groups on the move in the s p 500, financials are the biggest drag on a weighted basis, accounting for a third of the drop in the s p 500. Take a look at the bloomberg for a look at the wheel, with financials down three quarters of 1 . Selling off materials and real estate as well. Here, its not the big banks that are falling on a percentage basis, it is the insurers. Surging about 12 yesterday after that Company Reported that they were drawing interest from some of the rivals, including alliance of germany. Jpmorgan is skeptical that ollie allianz would be earnings with higher than average estimated expenses for the fourth quarter, perhaps shares on their trading lower. What is interesting today is that these are coming even as mann yie
A very warm welcome to countdown. I am anna edwards. Has spoken. Ed to bees she wants . Reemptive this is the breakevens in the United States. It is essentially the Inflation Expectation which is the white a fourmonth high in the United States of america. Difference between 10 year Government Bonds and treasury protected bonds. It is correlated to oil. I know it is a little lower but it is all correlated. Higher Inflation Expectations all because the oil price went above 49 for the first time in three months. They are talking about preemptive rate hikes. Focused on the link between oil and inflation. Lets throw up the risk radar and show you where we are on the oil price right now. Manus we drifted a little bit lower. The one pervasive thing in the background, the probability of a rate hike, that has gone to 67 . Keep an eye on dollaryen. Down against oil, 16 majors. The dollar is extending its longest winning streak since august. Anna once again, the fed and the expectations around th
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