we got word from robert holzmann speaking about choice was between hawkish 50 basis points or dovish 75 basis point like clearly 50 points opposed to the 75 hike. holzmann said he doesn't want to say where terminal rates are at the moment 3.25% at this point in time. certainly things could move. holzmann saying the hawkish statement put forward by lagarde is equal to a 75 basis point like over what could come through. those are the statements what does it mean for the market we see the euro/dollar at 106. the european market has been in the red and continues in the red this morning sort of staying around the .40% of weakness for the ftse 100 ibex at .90% weaker. weakest so far of the european market falling on the weakness from yesterday. >>> the u.s. markets with major losses for the dow jones industrial average again today it may continue to see red following on from the fed hike as well earlier this week. we also got data coming from the united states which does point to weakness as well for the consumer and retailers as well our next guest believes we should revisit the investmen