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Yields have continued to fall in italy. Stocks in europe. We will provide the details in a moment. The s p is up around. 5 . A stable day. We are seeing a rotation back towards the tech stocks. The top the stoxx 600 benefiting from the ecb largess, which were now expecting more of. The stoxx 600 up 1. 12 . Aboutyou are talking Christine Lagarde saying the ecb will be there for the second wave of the virus. The Central Banks primary tools will likely stay the same. Lagarde while all options are on the program, the have provenros their effectiveness in the current environment and can be dynamically adjusted to react to how the pandemic evolves. They are therefore likely to remain the main tools for adjusting our monetary policy. Alix joining us from frankfurt is paul gordon, who leads bloombergs western european Central Banks ....
Behind me for the last 13 years in davos. I know we have some great coverage and panels. Speaking tomorrow with the barclays ceo, jes staley. We will be talking about the future of banking. Friday i will be moderating a panel on Monetary Policy and what comes after normalization. By ray dalio. Ed we are trying to figure out exactly what the davos men and last yearso wrong, and what they got so right. We are looking at some of the market calls they made last time. The dollar call was wrong and so was the price. Three. Re in day lets check out what is happening in the markets today. There is the stoxx 600, gaining for a third day after a third weekly gain. The best run since october. The euro, up by. 5 . There is a bit of relief now. Voting to enter negotiations on the common policy platform for germany. They have still got his final say on any coalition pack. There is another hurdle. This week, itins will be the sixth straight gai ....
The year. Possibly beyond. Will it be enough to stop the recent rise in the greek market . Third in the crude market . Third time, not enough charm. Akzonobel rejects another takeover offer by bbg, defying shareholder pressure. Could a hostile takeover the next . You are welcome to the show. Emmanuel macron exceeds the power. Votes got over 65 of the and counting. 34 from macron . You can see this is the overall relief. Asia was off on vacation. These equity markets are higher, in part, in part to do with the victory that you saw for the jobs number on friday, the macron relief rally as well, which has come through. That in itself is moving markets. Equity markets are just that little bit higher this morning. Let me move this along. Equity markets are just that little bit higher this morning. London, paris, and frank first are all higher. Up about. 5 percent in london, paris, and frank appeared we have the European Central bank ....
Politics and the turmoil in d. C. About Trumps Administration ability to enact the fiscal agenda on the back burner. Stoxx 600 gaining 0. 2 . A lot of the focus today and tomorrow will turn to the start of the Central Banks meeting in jackson hole. You can see the dollar strengthening. The one thing that im watching out for is possible parity in 0. 915. Und, currently at nymex crude at 48. 26. U. S. Crude stockpiles extended declines yesterday. That is your Asset Classes. Lets get to the bloomberg first word news. Nejra the death toll from typhoon hato has risen to 12. It is the most powerful storm to hit the region in half a century. Macau says it people were killed in the gambling hub. Another 153 were listed as injured. The city of charlottesville has covered two statues of confederate generals in tarpaulins. The ....
I cannot be in favor of it. Plus, britains got talent, and france wants it. Residential hopeful emmanuel workers tos skilled return to france after talking to theresa may. Fore are the figures germany, Business Confidence coming in at 111. Stronger than the markets were expecting. They were expecting a figure of 109. 6. It is stronger than expected. A little bit better than expected growth figures. This is the picture for eurodollar. Lets get straight to your markets. Yesterday, we had record highs for the u. S. , and that means it is probably still going through a little bit when it comes to european stocks. I want to show you movement on japan as a haven. Volatility yesterday was gaining 4 . Brent crude, if you are looking wti. At markets, look at brent at 56. 53. This is my favorite bloomberg. This shows you the german twoyear yield. Is further into negative territory. This is the zero line for the german twoyear yield. Th ....