Im katty kay in washington. Christian fraser is off. Its not entirely clear why relations between germany and america have deteriorated so fast this week, but theres no doubt they have. Both Angela Merkel and donald trump today continued their war of words. For the american president , that meant taking to twitter. We have a massive Trade Deficit with germany, plus they pay far less than they should on nato military very bad for us this will change. The German Foreign minister wistfully suggested it isnt helpful for the two countries to be communicating with tweets but his chancellor restated her view that europe now has to look out for itself. Translation transatlantic ties are of paramount importance to us. The only thing i did was to say that the Current Situation gives more reasons for us in europe to take our destiny in ourown for us in europe to take our destiny in our own hands. So what is germany and the rest of europe making of the apparent us german row. Joining me from bruss
His economics finally working . The diva blame game accelerates. As x and Campaign Desk as Election Campaign gears up. Matt we are less than a half hour away from the start of european trading. Take a look first off at where receipt futures after a down day on friday, we see up across the board gains for futures. We also see a recovery in risk rather, a selloff in a safe haven assets that we saw sort of buildup last week and i am concerned about the possibility of nuclear war, that tends to freak out investors a little bit so they were buying up bunds and treasury. Take a look at the three day traits for example. They bought them up thursday and friday and pushed the yields 0. 38, rather than a six handle at the beginning of the month. Now that yield is coming back to zero spot for and the same is true for spot the death. Spot debt. How does the water look . Less riskyter looks than it did friday. We dialed down attention when it comes to north korea. It seems to be coming from the u.
Lets have a look at where european equities are trading just under 30 minutes to the close. I can tell you the stoxx 600 is rebounding from a fivemonth low and also rebounding after it had its worst week since november last weekend. We are seeing broadbased gains, the ftse 100 up the most in over a week. The dax up the most in almost four weeks. Some people coming out to say perhaps a correction is imminent. This is the europe index and what we can see here is that those are drops of 10 or more from peaks. That hasnt happened in about 13 months for the europe index, they in the question whether we are due a pullback. That 13th month run without a pullback of 10 or more is the longest since this bull market began in 2009. That is and and then we will talk about this hour. And then looking at the stoxx 600 revenue per basic share against the euro. We were just talking about the gains in strength of the euro. The euro was weaker because of broadbased dollar gains, but overall, we have see
The british to make that decision. You can read about the frustration of having ceded to bureaucrats in brussels so much authority. You know, you see the same thing here. We have had a regulatory rampage over the last six years. A lot of people the president has put on these boards and commissions in his government are pursuing policies that we have not passed in congress. Senator mcconnell also praised the relationship with the u. K. , saying the only one comparable is americas relationship with israel. The Brexit Campaign leader Boris Johnson will launch his bid to replace David Cameron as conservative leader. Johnson is gathering the names of lawmakers who will back him. Lie isve campaign out being urged to challenge johnson, though he has not said he wants the job. 15 Somali People killed when islam it extremists islamic extremists stormed and mogadishu hotel. Security forces pursuit of the attackers to the hotel fell top assault. Hours long donald trump says he would not character
Well, a Senior Obama Administration official says the u. S. Is considering ending its spying on friendly heads of state. Its part of a fallout following revelations that the u. S. Has spied on german chancellor Angela Merkel and 34 other foreign leaders. President obama said he was unaware of high level ungz dral eavesdropping but the Los Angeles Times reports that the state department signed off on the process and a key part that is calling for total review of u. S. Intelligence programs. Susan mcginnis is in washington. Good morning. Reporter good morning, annemarie. There is no final decision yet from the white house about ending these spying programs. The white house may be waiting to see what happens here in congress. And more lawmakers are now calling for changes including the head of the Senate Intelligence committee. Senate intelligence chairwoman Dianne Feinstein expressed outrage that the u. S. Spied on allies including german chancellor Angela Merkel. She issued a statement