David right, a big week for markets. Japan is closed. Have a look at where we are. We talked about 2500 on the s p 500. Asian shares are at a 10 year high. Where does that take us . Have a look at this chart. You the ups and downs of momentum. Might haveare that pushed it below trendline in early july. Rsi almost dipping below 40, but rebounded nicely. This shows you that the bull market remains intact. Japan is shut, some not a lot of updates. It is still risk on. Not a lot of appetite for haven at the moment your it could at the moment. It could change this week. Lets get you to the open up markets. Sophie is tracking all the moves monday morning. Sophie the flavor this morning is risk on. Singapore joining the upswing along with the taiex. The malaysian ftse down. Haven assets, the yen and gold on the back foot. The dollar rebounding from the drop on friday. The yen is down. 3 . This could be the unwinding of positions. We are seeing liquidity given it is a holiday. The key data poi
Under 30 minutes until the end of a session. Go. It will extend until the end of qe 17. The caveat, the ecb can expand or extend if the outlook worsens, it can buy assets below the deposit rate if needed and abide bonds maturing between one and 30 years come a whole load of measures. Look at the move in the market come equities are rallying and we see the euro fall and bond yields are rising. Lets look at the other big stories. It is a month since the u. S. Election, the 2 trillion shock is what some could call it because since last november 8 a month ago today we have seen global stocks, the blue line is risearket capitalization by 2 trillion and the bond market, the Bloomberg Global aggregate market value, a tongue by 2r, but it has fallen trillion, one rising 2 trillion and one falling 2 trillion. You know why come all about the reflation train come a lovely chart and very simplistic. I want to show you about the differential in performance between the european stock market and the
The greek central bank. Today it is greek greece versus germany. Warren buffett is saying the fed will find it tough to tighten rates. Lets check in on some of the stock moves is see this morning. They have their numbers down 1. 4 in terms of some of the individual names, bt did the deal of 12. 5 billion pounds giving deutsche calm a stake in the business deutschecome a stake in the business. What you have there is a delivery by para boss paribas, the lowest annual income since this company was put together, bnp and paribas. Corporate and Investment Banking did a little bit better year on year. 556 billion euros. Legal costs of 1. 1 billion. This is the big gear producer in switzerland. Demand up . 72 for the salesman and they have appointed a new chairman. They say all the growth this year will be around 10 . Jonathan so much to watch this morning. Looking at a lower market open here. The dax is a little lower as well. Since the market opened here in europe, of course it opened domina
The Christmas Lights are beautiful. You can really smell it. Christmas is in the air. Air is also an air of panic. In every shop window, a sale sign. Marks and spencer is offering 30 off. Don the road, 50 off. More on why retailers are slashing their prices and why ubs says the clothing retailers have hit the panic button. Caroline, we will get back to you very shortly. , lets have a look at these equity markets. We are seeing higher equity markets as europe loses aaa s tatus. Does that really matter . Stocks saw their biggest rally in nearly three months. Higher by door to voice a deutsche divorce a borse and merck. We will see stocks and indices go off the board today. All agility will be the name of the game. The dollar index rises. Fx volatility is dropping. Pimco does not expect the dollar to rise much. The euro dollar drops by a quarter of one percent. It has had a good run. A couple of stocks and headlines. 25 . Oil down. They have a big venture with london and there is a delay
You have a busy day when you are there next week. Yeah. We certainly are. A busy couple of days. A lot of announcements. Airlines are in focus. We are watching. Among other things. Starting to trade now. Down. Es are you will see a similar thing over here. We have banks. In focus, as well. Central banks. Lets go back to jonathan ferro. Thanks. We had a rebound. Equities yesterday. There was a sense that there could be they could be a little more hawkish. Exit strategy. Markets. Concern about there is no indication they are going up. Guess whose fault that is . It is the federal reserve. Janet yellen. You are the reason there is insufficient certainty in the market. It is not about investors. They are listening to the message you are giving them. Lets see what it does to european stocks at the open. Pointe it going down by 1 . The dax is down. The minister side. Lets put that data to the side. Look at the french data. What is it doing when it came out this morning . Economic data is pat