And, macron reshuffles his government. The European Commission releases its growth forecast today. Manus it is just gone 6 00 a. M. In london, 9 00 a. M. In dubai. Are kneedeep we in phase one. We are kneedeep in a global rally, that is for sure. Half 1 trillion off the Chinese Market yesterday morning. If you have had a 40 leg up in the equity market, what is it that you want to do . Ont chase the rally, they say nejra it is interesting because yesterday, you wonder how much of the rally in Global Equities that you pointed to was actually driven by what happened in china particularly. Of 2015. He bubble you talked about how much was put on in terms of market value. Then you see the nasdaq hit a record. S p 500, five days of gains. As you say, not much really driving that rally. We will get into it with simon allard at the moment. He talks about, is tech in a bubble . Return, a total bubble within a bubble within a bubble, within a bubble. Keep going. Us a people keep telling bubble is
Relationships between the nations. Take a look at what equities are trading at right now. Its 30 minutes until the end of the monday session. The stock markets are rallying today across europe. We are gaining for the fifth consecutive day. Its the best since december. All of these other currencies are falling against the u. S. Currency ahead of the fed chairs testimony on tuesday. On wednesday, on commodities will see the final three columns. Swedishart with the maker of the fighter jet. It says fourthquarter sales and operating profits missed estimates, sending shares down 4. 5 . Thats the biggest decline since june. This is since june 27. Its looking somewhat lower than anticipated as a major order in Airborne Surveillance systems was delayed until january. Estimates of the growth will be higher than longterm financial gain. Shares did rise to a record on thursday after the gaining of 39 in the previous 12 months. Midsize companies are regaining some of their luster. Dax midcaphing t
What does it deliver for china . We are delving into all those stories. Notably today a little bit of risk assets. The ftse 100 managed to post gains. Up. 5 of 1 on the euro stoxx 50. Still of worth wealth of earnings. Also plenty of assets, oil driving the market today. Guy lets talk about what is happening in the other asset classes. A great place to start, your morning. You can see it right up here that new Zealand Dollar. A decision to cut from that reserves, not enough. You get a little bit of pushback from the bank saying the markets are misreading the story. It is more the pboc rather than the central bank that had control of this currency. We will discuss that during the show. And the japanese yen on the move. Lets get you caught up on all the news you need to know. David lets talk about brexit here. It is undermining the nearterm outlook for the housing market. Sales dropping in july according to the oil institution of chartered surveyors. When you look at new buyer inquiries
Traders express concern over Deutsche Banks weakening health. A very warm welcome to count on. Im anna edwards. Manus and im manus cranny. Did you look at that debate last night . It got personal, didnt it . Anna yes, and the reaction in the markets was very clear. There in mind, the bear in the mind, the mexican peso has lost 1 3 of its value. Manus that is why we got here nice and early. Anna said, there is a lovely correlation, manus. It is of course the mexican peso in blue. That is the rally the analysts were talking about. And indeed, the drop in the yen. So, you are seeing the yen on a one month high. We have volatility in the peso at levels we have not seen since 2011. What reward do you get when the market things clinton is going to win . The currency has often declined when the trump camp improves, but tends not to gain as much with the data favoring clinton. Cnn poll suggests that 6 62 think clinton won. Lets bring up the risk of radar markets you what the are telling us. We
Is all about the data. China outperforming, that has helped the bid. Italy and france coming in light, a mixed field across the globe. Onhas a significant move Asset Classes. Coming up, we will delve into all of that. Take of Americamerrill Lynch head of economics joins us ahead of the jobs report. Plus, why he says the fed should overshoot its 2 inflation target. 25 hours until the important jobs numbers, markets wait and see but we got global pmis and a little bit of risk taken on. In the equity market, the dax off the high for the session but pmi cominga german in line with estimates and European Banks seeing a huge rally, the biggest threeday jump since july. A little risk, especially across europe. The fx market, the stronger the u. K. Pmi coming entity 10 month high, the other story is still going to be the relatively stronger dollar, the dollaryen 10369, now at a onemonth high, the dollar grinding slightly higher. , the china pmi coming in almost at a twoyear zinc,leading copper