there were sharp losses in early trading, although banking stocks have since rebounded slightly. ubs is currently up 3.5% let s take a look now at how the markets are performing more broadly. trading began in the us an hour ago. we can see the dow is up, the snp 500 also on 5.2%. in asia and in europe, there was some initial fright taken by investors, particularly because certain bondholders in credit suisse have lost all the value of their investment, but by the middle of the trading day most european indices were trading positively again. now, one aspect of the deal was that any investor holding additional tieri bonds,
the rouble plummeted to a record low against the dollar. let s bring in the bbc s business correspondent michelle fleury. i guess we should also say we need to wait a little because we ve seen shifts before, which becomes a smaller over time. look, i think we see that today. the dowjones industrial average was down 800 points, about 2%. now it s pretty much clawed back a lot, down 300 points, and the snp 500. it was down two and a half percent. some of this is in part to do with the sanctions that are being imposed, the fact that you re seeing the us and its allies taking a ratcheting up and its allies taking a ratcheting up approach towards sanctions. i guess investors are assuming he
well in the us. a real turnaround for the snp 500 as we mentioned earlier, sentiment changed towards the end of the trading session on wall street when that you look like to be on the debt ceiling. i will see you soon. hello there. tuesday s wind and rain was a distant memory by wednesday. in fact, some areas where we d seen the heavy, persistent rain across north east england had a beautiful day, with some sunny spells, a dry story and feeling pleasantly warm. now, it s going to get warmer still over the next couple of days. average temperatures at this time of year around the mid teens. by friday, we re likely to see temperatures peaking at around 21 celsius, 70 fahrenheit, so at least a good five degrees above where they should be for the time of year. and one of the reasons is because of this weather front that, yes, is going to bring some cloud and rain into the north and west, but it s driving in warm air with a south westerly feed of wind direction. and you really will notice th