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Good morning and welcome to Worldwide Exchange here on cnbc. Buckle up it looks like were in for another wild market ride today. China once again the big story overnight. Lets catch you up on what happened. Stocks there dropping more than 3 in early trading and then the central bank stepped in. Reports that state controlled funds bought stocks and that the peoples bank of china pouring about 20 billion into the money markets. That was the largest cash injection since september. Also they were likely using state banks to prop up the currency. After all of that they ended flattish to lower but n...

Suddenly, this appetite is out there. Lets have a look at what is happening in metal. The volatility has avid as the Chinese Market shots. But victory parade, but no such luck for oil. President obama getting its approval it seems for the Iranian Nuclear deal. 7 . Own by pompeii and was in the dollar gained a little bit against the rest of the currency. One dollar buying you for swedish currency. The number coming out of sweden later today. No change is expected for the europe is a little bit lower. I want to focus on some of the giving aboutngenta 2 billion back to shareholders will stop barc...

Third bank by market value as we speak. Profits falling by 98 in the Second Quarter. That is because of charges tied to its stake in portugal. Eurospped to 17 million for almost 700 million a year earlier which is below estimates. Agricole booked millions of euros in costs related to its almost 50 holding in banko is beautiful santo espiratue santo. The bank of portugal unveiled is almost 5 billion euro bailout which led to the shareholders and junior bondholders with losses. Just breaking down the charges, and a 502 million euro charge to reflect share of losses in the quarter and 206 million...

Dow a tripledigit gain. The hope is the poor showing on the jobs front would be the reason for the Federal Reserve to delay raising Interest Rates until later in the year. Sentiment also improved when a reading on the Services Sector came in in line with estimates, and still showed growth. And then new york fed president bill dudley said chill, when the fed does raise rates, he said it wont be that bad. The likely task of shortterm Interest Rates after liftoff is as important as the timing of liftoff. I anticipate the path will be relatively shallow. The headwinds in the aftermath of the finan...

Prospect of rising inflation. As they say, a state of a time to make up a 10 year Government Bond yield with 2. 2 . Are the bond markets unraveling . And they have gone on to the side of lunacy. We will get the equity. They will be inclined. We are up 47 . It is up and bond rise bond prices are rising. The global bond and assets in january with a rise that was a little bit less than that. The taper tantrum was 1. 5 trillion. You have not seen anything yet. London is up and we will see what is taking london a higher. Gold is down and they made the slate this morning. Lets take you through cars ...