Executive board member says the central bank could lose credibility if inflation goals slip. Welcome to countdown. Has just gone 7 00 here in london. In the last hour, it has been reported that france has destroyed the Islamic States command center in raqqa in Northern Syria. Police have a number of raids across france and in neighboring belgium. French president Francois Hollande the u. S. And russia for a new alliance to destroy the Islamic State. We are joined by hans nichols and guy johnson. Some breaking news about french airstrikes and what they have reportedly managed to achieve. Guy a second night of strikes from the french. It appears they are targeting, again, the Northern Syria town of wrapped up. Town of raqqa. It was done once again working with the americans, who are providing targeting information. It appears 10 jets took part in the raid. It appears that Francois Hollande is going to step up this fight against is, and it appears he is once again working with his allies.
Tom keene in new york. Equities are focusing on m a. Tom yesterday, markets were subdued. A continued slowdown off of thursday or friday. Maybe off the reality of how entrenched europe will be. The photo at the beginning of the show of the two chambers of the french government meeting with mr. Hollande was quite something. Francine it was. Now the shift we see towards russia may happen in the next couple weeks if not earlier. At least they have a common fight. Investorhe german zew expectations, and little less than we were hoping. Lets get news. A second day, french planes attacked Islamic State targets in syria. The french say they destroyed a command center and training site, part of frances response to fridays attack. Francois hollande is calling for a u. S. Russian alliance to defeat Islamic State. Them and alliances needed to destroy the terrorists. President obama has rolled out the possibility of sending Ground Troops to syria and iraq, calling it a serious mistake i will commi
Ftse 100 up more than 1 . 40 up almost 1 here. They say it really is back to business here in European Equity markets. If we move along and have a look at the euro dollar it was all about risk aversion yesterday and one of those points was a wicker euro gets the dollar. It is extending losses today at a sevenmonth low. But this is very much about the dollar trade rather than the euro. If we look at the dollar that actually hit a sevenmonth high today. Turning very much back to monitoring policy convergence. The ecb looking at the prospect of a fed rate rise. And that is also why were seeing a weaker gold price. A sixday trading at its lowest level in more than five years. Backtion turning very much toward the Global Market cues. Traders are currently pricing in a probability of a fed rate rise by december at 66 . And we have that u. S. Inflation data coming as well. Jon two minutes into the session, blanket green on the screen. The green on the dax in the cac 40 as well. Green in the A
Mount. The Energy Sector leading higher in europe after a sharp rally in asia. Vw pays the price for its emissions scandal as auto sales slip in october and the german auto maker losing market share to rivals bmw and diamler. U. S. Secretary of state john kerry has just arrived at the palace in paris for a meeting with hollande. This after he called on the u. S. And russia to unite in the fight against the isis in syria. France has launched a second night of air strikes on the country in the wake of the paris terror attacks. Addressing both houses of parliament he will also be meeting with Barrack Obama and Vladimir Putin to discuss a joint strategy. We all need a coming together of all of those that can really fight against this army of terrorists in the form of a large and unique coalition. Thats what were working on. Its in this spirit that i will meet with president obama and president putin in the coming days to unite our forces and reach a result which has been put off for too lo
This is todays edition of worldwide exchange. Im ross westgate. Here are your headlines whats the price of Political Risk . Italy hopes to raise as much as 6. 6 billion euros in its first longterm debt sale following the election as the formation of a coalition looks unlikely for now. The sequester set to take place in less than two days. A poll shows plenty of negative sentiment around the budget cutcuts and lawmakers for letting them happen. The French Market gets a boost. Ids gets a boost after stronger than expected operating profit in 2012. And wheat trades higher after predicting an uptick in profitability. Plus, global uncertainty lead hong kong to set a wide growth range in its annual budget as the territory makes an effort to tackle its skyhigh housing costs. All right. Welcome to todays worldwide exchange. Were getting halfway through the week. Kelly is traveling back from the World Mobile Congress in barcelona and will join us in the next couple of shows, just not today. Wel