Other markets. Euro trading lower this morning. Up by. 2 . Signal a fed rate hike . The probability still trust 50 s 50 . Ll trump mario draghi talking up the eurozone, saying growth is returning. A propseeing oil getting higher up 1. 5 . Asna putting fort stimulus we get more than 2000 thousand jobs being added in the u. S. Copper is on the downside. It doesnt seem to be an obvious trend. Gold is a big trend. We are set for the worst week in gold since march. Want to quickly show you some stocks. Air france is going to be affect the caps this morning. They are going to have to reduce themselves. Planes because14 they could not get an agreement with their own pilots. Aon, waiting for them to open. Saying we chancellor need to support our utilities. Jonathan thank you very much. Gains across much of europe. They could be wrapping up a choppy week on a high. There wrapping things up over in a shift with juliette saly. Juliette hong kong markets came back online today after that Public Ho
We want to keep an eye on currencies today. The eurodollar trade will be key when we hear mario draghi speak. He can seat euro weaker against the dollar. What we have been seeing is the dollar using steam against the euro and the yen, retreating. Against the yen. I will bring up the dollar yen now. This is all about the u. S. Yield came out of the fed minutes, not just about the prospect of a rate rise, but also the gradual path of rate rises after that, next year. That is what is playing into these currency markets. I cannot bring it up right now, but we are going to be looking closely at the first day of trading for abn amro. This is the biggest european banking ipo since 2007. Abn amro has raised 3. 3 billion euros. Atsold 188 million shares 17. 75. That is equivalent to a 20 ke, valuing abn amro at allowing the dutch government to recoup some of its wanted to billion euros it spent back in 2008 2 bailout this lender. I will bring you an update. Atathan abn amro priced 17. 75. It op
Ahead of estimates overall, werent we . Were just getting some it is not a good open. Details on these numbers. It was better than estimated on both of those counts. What we see, we just got a extent theng asia country by country breakdown lastff we saw that started market by market. There was a pretty big increase in exports to hong kong, more week. The s p 500 having its worst than 30 . Week in two years. Youll remember that was the you had a drop in the small caps place where a lot of the fake index. Over the weekend, some of the invoicing toomings last year. Middle eastern markets were absolutely hammered. Alleged to have taken place. Were going to be taking a we are seeing risk aversion closer look at these numbers continue across the region and looking at that more closely today. Today. South korea also saw a jump in japan is closed for a sports day. A lot of these indicators that imports. Chinas exports from south show you risk appetite, the korea also jumped. Were still trying
I am mark barton. 6 00 a. M. Ingone london. Lets get the one of our top stories this morning. Mary draghis speech in jackson hole a few weeks ago shocked markets when he said we would use all the available instruments to ensure price ability in the nearterm. Central bankean take any action today . Manus cranny joins us now. Good morning. Why do the work yourself when our colleagues at Bloomberg News have done it coming out with all of these fabulous questions. Will they do anything . Will they take action . An analyst from bnp paribas and he said he would be foolish not to take some form of action. Not the solution, and to dont, qe, but aping demonstration that they do not want to lose control. Thats what today is about. It is about signaling and posturing. Lets have a little of the look. Best Case Scenario is no change in rates. That is what most would suggest. I put together a short its board of what could happen. Assety just get some backed securities but im doubtful. In aweek we sa
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