European equities into the close. We have been seeing broadbased gains in european equities. The stoxx 600 rebounding between two weeks of declines. Cac40 not only apple forming the stoxx 600 today and not only since the French Election, but also in 2017. 40 up more than 90, while the stoxx 600 up some 8 . That is more pronounced since the French Election, something we will talk about in a moment. Here is the stoxx 600. I have shown you the imap, so you can see how various markets are performing. We have seen gains in industrial metals. Andstrials and Energy Financials and i. T. Stocks more than 1 . We have seen the rebound in tech stocks globally. We have been seeing yields push higher pay that was kicked off by the trend by the 10 yea treasury yieldollowing comments by William Dudley. If we look at the euro, we were seeing it study earlier. We are seeing we were seeing it steady earlier. William dudleys comments saying imperil thei would economy. Look set to break out. What is key is
2016. Gold still getting a bid despite the fact that Central Banks might pull back over in europe by 5 10 of 1 . David time after the morning brief. We get the case schiller home price index for april. At 10 00 a. M. , Consumer Confidence for the month of june. At 1 00, Federal Reserve chairman janet yellen in a yell and is slated to speak on electronic issues. Also, the u. S. Treasury will auction 34 billion in fiveyear notes. We will hear from the eu regulator who just imposed that record 2. 7 billion fine on google for favoring its shopping Comparison Service over rivals. The European Competition commissioner will join us at 9 30 a. M. Eastern time. Jonathan the news in the central banking world in the past hour, bank of england planned mark carney as with his Financial Stability team to increase Capital Requirements are u. K. Lenders by 11. 4 billion pounds to tackle risk posed by Consumer Credit growth and prepare for the uncertainty of brexit talks. That News Conference after the
Lets get the price of oil up for you. Iea is putting out the report. They are saying they are seeing a glut last until late 2016. Another 12 months of oil glut. They talk about opec. They say opec will continue pumping. We saw december for opec is basically saying you can pump as much as you want. That is the picture for u. S. Crude. 36. 60. Brent 39. 49. A lot of investor saying we could go to 30. Emerging markets stocks are headed for its longest losing streak in six months as concerns grow about next weeks tread meeting. Mark barton has been charting it. Mark if you want to gauge how riskaverse investors are ahead of the fed Rate Decision on wednesday, look no further than the msci emerging markets index. This is the last eight days. For an eighth consecutive day. Period. 5. 6 over that this is the longest losing run since june. A slumping Commodity Prices to a 16 year low. Concerns about chinas economic slowdown and the prospect of higher u. S. Interest rates, which are lessening t
Yesterdays plummeting freefall of the ruble. The Russian Finance Ministry announced that it is selling foreign currency. Ryan chilcote joins us to bring it all down. Give us a sense of what we have seen this morning and announcement and our argot. Look us through the details. Who would have thought the deputy finance minister of russia would be channeling mario draghi . That is exactly what hes doing. He said the finance minister is prepared to sell as much of its foreign currency reserves as it takes. A consultant adding that they have 7 billion worth of foreign currency reserves at their disposal. Weve seen an extraordinary move in the ruble. It hit 80 against the dollar yesterday. It is now down about 20 from that, yet it is still up 10 on the week. We got news that yesterday, the bank of russia was on the market , intervening to the tune of just under 2 billion. There are rumors that they are on the market today. The biggest support for the ruble yesterday came from the economy min
Worst Fourth Quarter since 2009. It is about changing the product. That is where the underwhelming side of these numbers comes in. The other two key names in the stable absolutely storming ahead. It is a company in transition. They are getting rid of the retail part of the business. We saw the numbers from the sports business yesterday. They have been trying to restructure that for years. That is also a company that has to transform. The numbers can turn it around. You are looking at Sales Numbers with a rise of around 19 . There is no doubt about it. The market will focus on the gucci. Ultimately, the leave upon turns around more quickly. You have to try to position yourself. Kering, the Company Formerly known as ppr down. David, what is the latest in ukraine . The presidency has said that it will sign an agreement around two hours time which will put this crisis to an end. There is a little bit of confusion out there. The French Foreign minister, also the polish foreign minister both