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Depressed demands. Rwe raises after a 2 million euro capital increase. Thank you very much from the bottom of my heart thank you all. It means the world to me and my family ill see you all on thursday thank you. Thank you. Thank you. Joe biden officially wins the nomination and vows to end the chaos of the Current Administration as he takes aim at President Trump a warm welcome to street signs. Lets take a look at european markets and how we stand the hour into the trading session. 6 representing losses for every region, every sector we are looking at gains overall. Gains across some of the regions at one point, nearly ever trading sector was moving higher fairly muted fed Meeting Minutes later today. Thank you youll be interested in this here i am at the wall having a look at the s p 500 and this movement weve ....
Bought bank of america for 12 Straight Days. You own it, what do you think . The stock is still down we like it, we like it for its diversified businesses ive been wrong for the last, you know, year owning this stock, but as we get forward to i think closer to a normal market, whenever thats going to be, bank of of me and j. P. Morgue aren in a good place. They have a lot of businesses and are trading when you look at the market at a very cheap value. Yeah, the catalysts are not there yes. He as got a good position in it. Jo he, 12 Straight Days, right . Stocks up 8 in that time frame, maybe giving it a bit of a jump start, 337 million they know own almost 12 of the outstand, should investors following the oracle into bac and maybe the banks more broadly . Well, i mean, colt he could buy it for another 12 days he cant fix the headwinds you know im in pmorgan. Thats the one bank ....
Caroline lets take account to City Private Bank chief economist, stephen whiting. How are you looking across assets at the moment in terms of where you allocate . Not only stocks falling but bonds falling on the same day. Optimism that perhaps yields have fallen too far, too fast. Well, we are a bit underweight global fist income global fixed income. A think this will still be volatile environment. No substitute except for u. S. Hedges,es, some literal not terribly well in the full economic recovery we expect. Underweight fixed income portfolio. There is really no substitute for the safe haven assets. The strategic return estimates have come down. Fortunately, u. S. Yields, when you look at missable bonds coastal eddy good premium to municipal bonds, still at a good premium to the world. They were already priced for crisis. With those, we want to really take them out of portfolios because of valuation issues. Romaine i was look ....