Once again . A corruption conviction for brazilian president lula sentenced to a decade in prison. He can appeal. What does it mean for the Economic Reform Program in brazil . Matt we are less than an hour away from the start of european equities trading. Very interesting to watch today because for you see the futures futuresuro stocks 50 unchanged. That was the biggest gain since april 24 and globally, stocks have risen once again to an alltime high. Bulls are faring well in this market. Take a look at the bunds. Yesterday we had a big jump in bund yields. Still finishing higher on the day. Now we are just about even right now. Trading at 0. 582. Trades not as exciting, a reversal we have seen in the last couple of days. Yesterday and germany, not causing the kind of tantrum we saw with the french issue a few days back. Ftsi and the dax, entry intoand the the u. S. Markets. The austrian dollar well bid this morning by. 41 . Question if it is a derivative of the australian [inaudible]
Yellen uses. Michael it is a cliche to call something a stork but we have never been here before. So, no one knows what is going tohappen it is a cliche call something historic but we have never been here before. Francine what happens after that first hike . We also are getting some vew Investor Expectations zew Investor Expectations. It gives us a benchmark of what german investor expectation is like. Investor expectations 16. 1. It seems, despite all the geopolitics, despite the refugee crisis, investor business is still there in germany. Lets get to first word news. Vonnie good morning. Saudi arabia says it is formed an Islamic Military Alliance to fight terrorism. The coalition includes 34 nations including pakistan, turkey and egypt. A joint Operation Center will be established in riayad. The saudis say every Muslim Country is already fighting terrorism. President obama says the u. S. Is taking the fight to Islamic State with urgency. The president spoke after meeting with his Nat