in the united states, we re seeing the return of the corporate customer. welcome, everybody. you are watching worldwide exchange. ecb second quarter survey forecasts are showing us the euro zone 2011 inflation is at 1.5%. that minutes it s unchanged from what we saw during the first quarter survey. the euro zone 2010 inflation hicp, 1.4%, slightly higher than 1.3% that was seen in the last survey. 1.9 expectations, unchanged. gdp, 1.1%, slightly lower than what we saw the last time. for 2011, you re looking at a gdp level of 1.5%, slightly lower than the 1.6% seen the last time around. long-term growth is unchanged. they see only temporary inflation impact from the high commodity prices. they see a risk to growth forecast in to 10. so to the up side and slightly to the down side in 2011. let me introduce to you our guest host. ty chuey is from standard chattered bank. ty, we re looking at the ecb forecasts and we re looking at risk to growth forecasts in 2010 to the ups
political uncertainty is still hanging in the uk as gordon brown has offered to step down, paving the way for a coalition government. let s move on and talk about what we re seeing in the u.s. hi, nicole. hey, good morning, lou. it s 4:00 in the morning here, but we re expecting markets to open lower here across the board, feeling that momentum from you guys. dow futures are down significantly right now. about 68 below fair value right now. is down was up to 10,785. that was the biggest point in percentage gains until march 30th, 09. s&p futures lower about 8, christine. so we re watching ahead. of course, for those big hearings on the hill, not only on the markets, but also on the oil spill. we ll get to more of that throughout the show. thanks, nicole. our guest host for the next hour, brad jones, director and asia investment strategist at deutsche bank. brad, good to have you with us. what did you make of this correction we saw in the market yesterday after yesterday
it s 4:00 in the morning here in new york and we re expecting a mixed open as of now, of course, but we have a couple more hours. dow futures are up at this hour about 10 above fair value right now. nasdaq futures are also slightly higher and s&p 500 futures higher, as well. this is after we ended down 58 points on the dow yesterday, but we did come off our lows. volatility is another issue. we gained 4.5% on the vix yesterday. but of course, christine, we re looking ahead to retail sales. we re looking ahead to the jobless claims which are, of course, a precursor to the big jobs report coming up tomorrow. joining us is our guest host for the next hour to talk about all these issues. stuart shrimpton, director of intelligence investments. we seem to be seeing things intensify in the equity markets today. how real is this threat of global contagion in the markets we re worrying about? we re seeing the contagion spread a little bit. but i think what you have to really look
the gulf of mexico as oil continues to push higher out of news of the leak from the british petroleum rig. dow futures are down about 7 below fair value at this hour. nasdaq futures lower about 7. s&p 500 futures are slightly lower, christine, as we are already we re already looking ahead to a big friday jobs report as well as other economic data and earnings out of the i d today. and speaking of the economy, as i mentioned earlier, new coal, aus trail ya s central bank hikes rates for the eighth time. the reserve bank surprised few in the markets today lifting its cash rate to 4.5%. this is the sixth time the rba has moved rates higher since october last year when the official rate sat at an emergency level. to controlling an outbreak of inflation and the form age of a housing bubble. as the rba said, inflation would not fall by as much as it had neverly expected and that it will remain at the upper end of its comfort zone in the coming year. the move is the consequenc
expecting markets to open higher across the board here with dow futures up about 8 above fair value right now. nasdaq futures up about 2 and s&p 500 futures up about 3. this is after the dow evended up 73 points, 1192 and the s&p 500 was up 51197. goldman may get a temporary diversion from its legal troubles today. the company reports first quarter rults results. it s beaten estimates every period. s.e.c. commissioners were split 3 to 2 down party lines on filing against goldman. the agency usually prefers to have unanimous support when it takes action. goldman is acting to the legal team, as well. the firm hired greg craig, president obama s former white house counsel to advise on political and will he legal matters. in frankfurt, goldman is now trading higher, about 4%. and aig is determining whether to pure saw claims against goldman. aig is examining pools of mortgage securities it previously bought or insured to see if they were fraudulently created or sold by investment