It has just gone 6 00 here in london. Manus i am manus cranny in the in dubai. A shift in the risk sentiment. Anna gaining momentum over the weekend with the latest polls which put the remain camp three points to six points ahead of the levers. Lets go to the risk radar and show you what is going on in Foreign Exchange markets. This is very much the brexit story, the antibrexit story. Rally in spurred a highyield currencies, up by point at 1. 459 3. The aussie, the kiwi, emerging markets, the euro, all of these getting a little bit of a reprieve because of the polling. The expression of risk sentiment that we saw last week in the pound versus the yen, that is reversing a little bit as well. In there as well, the indian rupee. Over the weekend, we heard that rajan is going to be leaving at the end of his term at the end of september. The r. B. I. Selling dollars. That is according to traders in india this morning. Manus lets talk about some of the other Asset Classes. 2year notes, the y
Stepping down as the rupee plunges. Has india given up on the fight against inflation . Good morning. We are less than half an hour away from the European Equity market open. Looks like it is going to be a thumper if you are along these assets. You dont see this very often lets dwell on it for a moment. Ftse upcks are up 3. 1 , dax up byup by 2. 9 , 2. 8 . A shargh moved to the upside when it comes to european equities later on, and sterling is a big feature. For equities, absolutely on the front foot. Caroline phenomenal news that we saw, the Great British pound point biggest move we have seen since december, 2008, currently searching up against every single Major Trading ld currencythe wor ranker. We are seeing the weakness in the indian rupee is the Central Bank Governor steps down. He says he will step down in september when his term ends, managing to shape the indian rupee, as we hear that there is some state buying going on. The yen asg out of well, not going into the havens anym
Wellcome to squawk alley for this thursday. Kayla tausche, and along with vanity fair correspondent nick out west. Good morning to you. Good morning. And now, redstone says that he no longer trusts the ceo, and he says that he is determined to trust in the company and not the shareholders to do the best for them. And so yesterday on fast money we spoke to tom freston. Well, the lawsuits and Everything Else has been a side show compared to the real story which is the fall of viacom from grace over the last several years that have been really one of the leading Television Networking companies in the business and now it is falling to a level below the peers on almost every metric plagued by all problems including the creative departures. And freston is outspoken, nick, and how does this move the ball forward . To what degree will we see any resolution in this saga . I, all i can hope for is that there is someone in that building with a video camera filming this whole thing, because it is
A london newspaper showing 55 of british people support them leaving the European Union. The tenyear yield at lows. How concerned should investors be about a socalled brexit. Tim seymour . To the broader market, i think obviously theres a mosaic of things. Wow. In terms of the brexit news today, be clear of one thing, theres a lot of publicity forcibly being put into the press in this. In other words, the more people feel comfortable its a done deal, and they will remain, i think the more actually it brings the odds up that they will not. What that means is actually the people that the more people that vote, the more chance there is it remains. I actually think this poll, if anything, will scare more people into actually voting to remain. Thats the labor party folks that need to keep the uk folks in. I dont think the world has changed that much on the brexit vote. If youre playing markets overall on brexit, it doesnt surprise me at the end of this week when you weigh a series of other
Im wilfred frost. Good to be back. Feels like a whole week. I had a few days off. You had wells fargo. Were back together on a friday. So much Market Action to be discussing. No one better i would like alongside that. Fears about the future of Deutsche Bank shares. Dropping to a record low this morning. As you can see around about 4 . Were off the lows that opened initially down. Were off those lows but still down 4. 3 in german trade. Well have a live report from the firms frankfurt headquarters in just a minute with lots of analysis coming straight up. First lets check in on Global Markets. We saw an impact on u. S. Stocks yesterday. In the session u. S. Futures looking up this morning. Dow futures are up 14. 5 points. S p futures up almost one. Nasdaq up about. 4 after a brutal sell off yesterday that took the dow down 200 points and s p 5001 . Deutsche bank was seen as the culprit. Those adrs that trade in the u. S. Took a slide after midday. For the ten year treasury note yield yo