Whole story when it comes to exports and american jobs. Lets have a look at where european equities are now. You know the function gmm go. Stocks rising after falling for three consecutive weeks through the largest losing stretch since brexit last year. Sterling rising by 1 5 of 1 . Theresa may striking a deal with the dup. It is time to turn bearish on u. K. Government bonds. Bluebay Asset Management says so. Bluebayy manager of forecast 10 year yields will hide to the highest level in about 18 months amid Rising Inflationary pressures. He also says the u. K. Must wrap and instead go to fiscal easing. The forecast is 2 . Down to 1 today. Sincee not been at 2 december of 2015. German Business Confidence surging to a record high among signs the outlook for europes biggest economy is improving. Ifa Business Confidence ifo Business Confidence index. The economy rising at the fastest pace in five years. We have had a report of underlying expectations for a continued robust performance. Let
We will speak with alex kruger, the head of the private equity firm first reserve. Lets have a look at where european equities are trading when now 30 minutes until the end of the trading session. Stocks falling for the fourth day and tension has been on central bankers. In the meantime, the imf cutting its assessment of the u. S. Economy. Ambitions ofumps 3 growth are possibly pieinthesky come up my words not the imf words. You can see the currencies rising against the dollar and bonds and commodities and cds. Lets get the bloomberg barometer. Wellbeing is positive. Below zero. Shows th shows the opposite. We did have some data today in the u. K. Consumers feeling just as gloomy as they were after the brexit vote a year ago. We had an index of Consumer Confidence dropping to 106. 9 in june, a level only slightly higher than that post referendum low. This is from the center of economic and business research. A fascinating piece of data. This gauge does look at gauges such as inflation,
Kathleen is our guest today. We are 30 minutes away from the end of the session. Stocks falling for the sixth day as investors continued to digest what has been a heavy week for central bank commentary. Look at all these currencies rising against the dollar today, the pound continuing after those hawkish comments from governor mark carney. Yesterday, the rising yields continued. We got some data today, euro area Economic Confidence jumping to the highest level in a decade just two days after bronte confounded investors desk mario draghi confounded investors by offering suggesting there is room to he called for prudence and patients. Business confidence in germany ing the governing council next to me to set policy on july. Most economists do not expect a change in stance before the meeting after that on september seventh. Lets get back to the euro rising for a third day against the dollar, the highest since may of last year. Comments from draghi bolstering the view the ecb is preparing
Put. Confusing. S were of the titanic should we have been waiting for. The speech itself, im not sure the market is interpreted it. There is a very clear shift in the tone relative to the last policy meeting. Quite a dramatic tone. Backslide to expand how tightening is not really tightening. I think the hope was if you explain it that way, Financial Markets will not get into a tizzy. I did not read draghis statement on tuesday to be anywhere near as bearish as the market is taking it. I take it the other way. I think it is a signal from draghi that even if there is going to be further support and tailwind in the economy, the central bank is still there. Already late getting going. Jonathan so was eloquent or confusing . Is jim me from new york caron of morgan stanley. Guy lebas of Jenny Montgomery. And Margaret Patel, with the wells fargo asset management. Quote itselfthe from mario draghi. These are the words that seem to move markets. As the economy continues to recover, a constant p