A warm welcome to the program, live from london on anna edwards. Lets look at where the markets are trading. I have a chart that shows the post or exit vote bounce we are. Eeing in the Global Market the relief rally following the brexit vote is entering its third day. We have the pound versus the dollar also bouncing a little bit and the red line marks the point where we started getting those results coming in that suggested were heading towards brexit. Lets work out where we are in. Erms of the overnight trading weve got the msci asiapacific of by 1 . More than 1 as result. The broader conversation is very interesting at the moment. Odd measureike an of gold. I will just tell you its 1513 per troy ounce. 24 increase in the gold price year to date. The pound also down by a round. 25 . Little changed against the euro if you looking for any expression of the result of the brussels meetings. It seems that brussels is still taking a fairly firm line. The yen has had a very good belt more f
Question. It is be prepared. There will be some negative statistics over the course of the next two or three months. They can impact confidence. We are not seeing that impact significantly at the moment. It is keeping a significant watch on that. Haveovernment and bank levers they can pull and are ready to pull them if necessary. Right now, i would not be are going strongly for those levers to be pulled. Manus that is pete redfern, the ceo at Taylor Wimpey. Thank you for joining us today. Anna that will do it for countdown. On the move. On the move is next. Anna it is 7 30 in london where caps on down to the start of european trade. This is on the move. I am anna edwards on site Caroline Hyde in berlin. Good morning to you. Caroline has the morning brief. Caroline good morning. Set for stimulus. The yen takes a dive after a with a ¥20 trillion boost will will and 20 trillion will a ¥20 trillion boost will and trading slop and overall charges hit the bottom line. Estimates. Ats we spe
Countdown. On the bottom of your screen, 1000 jobs are under threat. That is a story that nejra cehic will bring you in a little bit more detail. Story. Come on that backstopping the banks. Italian banks will be in focus once again, more details on the function. It is not a backstop bank, it is a backstop front. 3827 backan real, impeachment. The real is making its way up higher. 2. 8 yesterday. What you have here is politics, the new alpha in this market. Economists lowering the view in terms of what we look at for rates. Potential for recep leavy rousseffving leaving has emboldened oil is down 0. 3 . Goldmans doha will do little to boost prices. Kuwait having production at a 40year high. At the bottom of your screen, you have a break off trend. The relative strength indicator says that yen was overbought, dollar was oversold. You have this reversal of fortune. Temporary or longterm . We will discuss that. Sean solomon is here, good morning. Soloman is here, good morning. Assuageis is
The Asian Session turning out to be a positive one. Really picking up from where he left off in the united states. A number of drivers in there, let us focus on them. U. S. Stocks advance for the first time in three days, as bank shares rebounded after we had numbers out of citigroup. They came in and help move the stocks higher. We also have this increasing sense that the fed is possibly not going to raise rates in 2015. Aspects of that stand at 30 . Julie hyman sends us this report. Julie u. S. Stocks rebounded after two days, and they gained strength and really quite a bit of strength as the recession went on. A couple of things in the game, we had better than estimated Economic Data in the morning jobless claims and prices coming in better than forecast. Also, strength of earnings have been driving things higher. On that from, we saw financials performing well. Citigroup came out and Beat Estimates that Beat Estimates, we have seen that trending. We sought trading revenues lag, tha
First of all, i will show you what has been going on with oil. This is the story. What does this signal about the Global Economy . We down stopped the level, but are very close to it. The sense of the market is, this is a done deal. This was a meeting that took place before the last payroll data. It seems to secure the idea in the market that we are pretty much there for with the december hike. Not much of a move in the qs in the u. S. We will talk about the spread in germany. We will speak to jim mccarthy has the Company Releases its latest earnings. Will talk to the cfo. What is happening with china. What is going on with the german economy. S there a fallout story minutes from the october meeting. That showed a rate hike would be considered at the next meeting. We break down the unusually direct signal from washington. Minutes confirm the market that fed officials will be have to talked out of a december move, rather than talked into it. The minutes show they wanted to send a signal