Wherehave a look at european equities are trading now. Under 30 minutes to the close of trading. The stoxx 600 not going anywhere too far. Of 1 10 of a percent on europes equity benchmark. Mixed distribution between Industry Groups. Telecom stocks outperforming, but also materials doing well. That after the better than expected. Energy not doing too badly either. On the downside, real estate, industrials, and financials lagging. Overall, the stoxx 600 pretty much unchanged, with a slight positive bias. We also keep a close eye on sterling. Up three fourths of 1 . It is snapping a threeday rally. We did see cable hit a nine or 10 month high friday. Interestingly, the pound is faring better now at this second round of brexit and the decisions then at the first round of talks. That is what this chart is showing. The reason we are seeing sterling weakness is there have been signs of scored in the u. K. Government signs of discord in the u. K. Government. Now i want to look at e. M. Fx. You
Global equity markets looking pretty decent, firming up in europe with the ftse up about 48 points. Futures positive in the United States. Yields on the 10 year, pretty much unchanged at 124 1. 84 . Look out for that. Table at the moment, 146, its a stronger pound. We will get to that. Then imac of about. 4 . The brand down for the sixth straight day. The lira strengthening down to 297, the Turkish Central Bank cutting its rates to 945 . Lets go to indepth coverage of our top stories. Guy johnson in london, where mark carney talks brexit. Matt miller in frankfurt. In brussels, where finance managers meet on greek simin demokan. Jonathan the bank of England Governor Mark carney is testifying this morning. Guy, the momentum seemingly behind the remain campaign. What is mark carney have to say . Guy he has the responsibility to stand up and make clear the risks that are associated with the referendum. Hes not backing down on that. Everything you said today felt very caveated. It wasnt the
One of the biggest deals of the year. Microsoft paying 26 billion dollars plus to purchase linked in. Mark two minutes to the close of trading in europe. Have a look at where equities are trading, every single Industry Group is trading lower on the stoxx 600, down for the fifth consecutive day. Days, 7 hasive been wiped off the value of european equities, the most since february 11. That was when the stoxx 600 fell , 600two and half year low billion euros has been wiped off the valley value. We are down by 8 since april the 20th. It is all about brexit fears and as the fed meets on its day one, the boj, boe, and smb all meet this week. Look at volatility in equities. This is europes fear index, rising for a fifth consecutive day, the longest stretch since march. It has risen by 55 in the past five days. It is below februarys high and augusts high when we had the chinese devaluation. That was the most since 2011. We are also seeing some stress in the currency markets as well. The premiu
Can any number convinced the fomc to hike . Good morning, were less than a halfhour away from the European Equity market open. Lets take you to the bloomberg. Let me show you yesterday, positive. Decent closing. Up around. 8 to 1 . Let me show you where we are and it looks like we are going to turn around. We are going to have a softer story. This is a fair value calculation. It looks like we are going to be softer about 1 . London looks like it is going to outperform. Caroline it does seem that risk aversion is going to hit the European Asset classes it already feeding into asia. Test classes. Already feeding into asia classes. Already feeding into asia. What a selloff we saw yesterday. It slumped 7 as u. S. Stockpiles. He dollar index under pressure theus, 180,000 out japanese trading higher, dolly door. Dollar lower. Lets get caught up with haidi lun. Thank you, caroline. The Dallas Police Department Says two snipers shot 11 officers during a protest, killing four of them. The gunfi
Welcome to countdown. Im anna edwards. Just on 6 00 in london, bright and early, lets get to some of the latest market moves. The fed commentary driving that. Ive got a chart that shows where the dollar has been. In the red boxes, can see the effects from the hawkish commentary weve been getting from the fed. Ill draw your attention to the comments we had over the weekend from the fed vice chairman Stanley Fischer saying that economic goals are close to being met and the market readjusting once again. Little more chance of a fed rate hike perhaps being factored into the dollar. Lets bring up the risk radar and show you currency markets. 94. 89, ar index at lift of 0. 4 . The work function on bloomberg suggesting a 22 chance of a rate hike in september. Not much change versus friday. Weve got dollaryen in there as well. The yen under pressure. Further chance of easing being flagged by governor kuroda. He talks about a sufficient chance of more policy easing. He talked about not doing he