Julie they are considering raisin the stake in this company to 25 . Information. More i just wanted to bring you that headline initially as we get it read as the day goes on, things have gotten more negative. Initially, the read by economists was it was not as bad as it looked on the surface because Labor Participation had ticked up. Seasonally, we see september higher. That is not helping stocks. Stocks have continued to fall to their lows. You can see this on the oneweek chart. Today, stocks were dropping off. 9 10 for p is off weak. We are also watching the bond market. We have seen a muted reaction on the shorter end of the curve. Yields had briefly gone lower. The fed is on track to raising rates once more this year. Now we are going to get more details on that Deutsche Bank story. Written already had that some of the major shareholders and Deutsche Bank had been speaking with the bank about backstopping its liquidity issues. People are hearing from familiar with the plan who decl
The doj. Bank and the german lenders negotiations with the u. S. Department of justice are set to continue despite a report of a breakdown in talks. When will john cryer get a deal . Key question of course. It is that move on Deutsche Bank. The bank is behind me here in frankfurt, touching down on futures. Slightly underperforming the rest of the market. We are seeing markets on the equity front looking a little more positive. The british pound, down by 0. 4 this morning. Again under pressure. 123. 86. How will it trade through the week when we saw negative equity markets on friday. We are lucky to get a positive start this morning. Let us get you caught up on what you need to know. Deutsche banks negotiations with the u. S. Justice department to result a yearlong investigation into the lenders handling of a mortgagebacked securities are continuing. Earlier, germanys newspaper reported that john cryer was not able to reach an agreement with the doj. Declinederson does to comment on the
Welcome to the program. We are less than half an hour away from the start of european trading. Lets have a look at what the futures tell us lie in store for the trading day. He generally weak from the asian equities session. Futures we are guessing will be weaker at the start of trade, down 7 10 of a percent, three quarters of a percent across equity markets. It seems investors are seeking haven. There is a lot going on this weekend and today. The jobs reports, the payroll later on today. Over the weekend, so Many Political events taking place in europe. Investors are feeling nervy, perhaps, ahead of that. The italian referendum, thats more on that. As well. Ian vote in the midst of that, we are seeing a little interest as a safe haven assets. China coming through on the gmm function. Some moves into contact some currencies other than the dollar. King dollar is a big theme since trumps election victory. Not so much today. A little more appetite for the yen and euro, and the pound. A li
Aside as the head of the u. K. Independence party, he said he has done his job and wants his life back. Cc andestment bank ci the China Investment securities are on talk about a merger. The firms have around 28 billion in assets, cicc has declined to comment while there has been no response from cis. Global news 24 hours a day powered by more than 2600 journalists and analysts and more than 120 countries. Lets check in on the markets appeared your opinion stocks falling for them for the first day in five almost rising almost 8 in the four days through thursday. That was the most since february. The ftse 100 is just a whisker away from able market, down by 4 10 of 1 but approaching able market from its lows in february when it was at a 3. 5 below growth, 7 last week, the best oft weeks in september 2011, the currency and bond markets today, look at the pound index which is down again, falling for a third day to a record low since friday. It has dropped by 10 points. The u. K. 10 year yi
Leading the losses recently. Higher across the board. Up 2. 5 right now. The british pound and strength against the dollar this morning coming off of the worst today about an decades for the british pound. In asia overnight, markets are mostly higher. Right at the results of the vote. Party leader nigel for roche telling fox business those concerns are overblown. London is not a Financial Center or year. If the Financial Center of the world. Europe is becoming a little backyard. 85 of the Global Economy is not in the European Union. Maria breaking news on the big guys investigation. And never prices the Obama Administration ignored accounts is ignored accounts and still think the video for the deadly attacks. Heather clinton and donald maria unveiled new proposals on jobs, technology and trade today with the ideas for the u. S. Economy coming out. Out of mississippi, an explosion at a bp natural gas plant sparking a fire. No injuries reported. We will cover that for you. A massive reca