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have a look at where equities are looking. there you have them. isry single industry group trading down. the stoxx 600 is 1.46% lower. we are lower for the sixth day in seven. the last seven days have seen 7.5% wiped off the value of european equities. that equates to 680 billion euros. every single stock is down or industry group is down. the concern, once again, reverting to the u.k. referendum in just over a week s time, as well as the central banks that have dominated the airwaves in the last 24 hours. gold miners, gold rising today inrand gold it has mines mali, ivory coast, the democratic republic of the congo it is benefiting from the 7% in the price of gold. if brexit occurs, gold could reach $1550 an ounce. that is according to the strategist we have survey data bloombergs. this is rand gold versus gold. 5056% higher. that is not bad. the s&p 500 in the same time period is up by 40%. a dark day for the banks at record lows for credit suisse. the swiss nat ....
investors are asking if sterling falls and if inflation shoots up, does the bank of england have a hike rate? e brexit could cause spillovers into the u.n. economy. core inflation. but it does see a pick-up in inflation. it s delaying investment and spending decisions and the brexit could materially affect inflation and the g.d.p. and jobs. they are not stopping, warning about the risks of brexit. only a few months ago he said he wasn t going to wade into a brexit debate. how things have changed since february. no terrific moves off the back of that warning. my question to you would be, the labor market yesterday, solid. the warnings, do you think into the data? that s a good question but the p.m.i. data suggests it is second quarter is at. .2%. as you know the end of last year we grew .4%. the big question for economists and the bank of england is how much of a slowdown of the economy is brexit related? we have had a suggestion that some of the slowdown might be no ....
with the nasdaq losing almost 1%. the s&p 500, we see it holding at a three-week low, falling as low as 2050. now recouping some of the losses and coming back down. map functionat the i on the bloomberg, you will see what sectors are losing the most. we are seen energy stocks falling the most right now because oil has now fallen for six consecutive days. now, another thing we are looking at right now is leasing companies. united rentals look at that fall of more than 6% right there. we are hearing data for may fractionallyld up on the year, rekindling concerns about equipment supply. we have other listing companies losing ground today. look at the airline sector. they are another sector that are badly hit. a now see them falling for fourth in five days. american airlines now more than 4%. they have been just cut to to underperform from neutral by a banker from bank of america/merrill lynch. a say airline companies are very vulnerable to short-term shocks. seems li ....
three major indices are making a little bit of a comeback. the s&p 500 is just above the flatline. the dow up by a third of a percent. brexit is weighing heavy on what everyone is looking at in terms of the trade. we did see a new poll out of the u.k. leaning toward brexit, but the keys in the u.k. are seeing something different with odds slipping to 38 after surpassing 44, so ware seeing a little bit of a lift in the market. we can see that a little more announced as we go to the dow intraday. out, weose numbers came can see we started flirting with a flatline and we are up about .3%, trying to lock in those gains with about one hour left in trade. at its lowest point, we were down by about 168 points. a big range in today s movement. let s look at what is happening plus 10 imf and the s&p sectors here. in the last hour, six of the 10 sectors in the red and we ve done a little push ahead from that with three sectors now in the red, energy still the biggest laggard. we ....
it s also why there was an economic speech today in the go to low-cal for economic speeches in motor city u.s.a. dug an address hosted by the fabled detroit economic club, he framed the ideas that his , quote c opponent has it s a lead weight on the american economy. donald trump: the city of detroit is where our story begins. every policy that has failed our city and so many others is a policy supported by hillary clinton. she is the candidate of the past. ours is the campaign of the future. american workers have paid taxes their whole lives and they should not be taxed again at death. it s just plain wrong and most people agree with that. we re reducing new taxes from 5% to 15%. i am going to cut regulations massively. a trump administration will end this war on the american worker and unleash an energy revolution that will bring vast new wealth to our country. we will make america grow again. mark: so among trump small government proposals include a temporary ....