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. >> and i'm kelly evans. >> european stocks follow lows. avoiding risk out a summit of eu leaders where they will discuss plans for a banking union. >> madrid is expected to formally request aid to recapitalize its lenders today. the yield on the benchmark debt ticks higher in early trade. >>> and qatar looks to ramp up investments seeking a $5 billion quota just as beijing gets set to ease entry rules for foreign investors. >>> the u.s. supreme court may rule on whether president obama's health care law is unconstitutional. >>> so a warm welcome to this side of the trading week on "worldwide exchange." we're one hour to the trading day for europe and after being up last week but down for the last two sessions we're now down for a third session. weighted to the down side. decliners outpacing advancers by more than 9-1 with the dow jones stock 600. so european stocks, the ftse 100 up, currently down last week. it was up last week. xetra dax down 1.5%. it was up half a percent last week. the ibex down sharply off a 2%. wait to hear whether we
. >> and i'm kelly evans. >> european stocks follow lows. avoiding risk out a summit of eu leaders where they will discuss plans for a banking union. >> madrid is expected to formally request aid to recapitalize its lenders today. the yield on the benchmark debt ticks higher in early trade. >>> and qatar looks to ramp up investments seeking a $5 billion quota just as beijing gets set to ease entry rules for foreign investors. >>> the u.s. supreme court may...
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Jun 28, 2012
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. >> i'm kelly evans happen >> european stocks tread water ahead of a crucial meeting. german unemployment jumps more than expected. >> fate of obamacare is to be decided today. u.s. supreme court will pass down its vote on whether the president's health reforms are constitutional. >> world's second biggest ipo fell but soars in malaysia. >> jpmorgan's trading loss could soar as high as $9 billion, four times as much as the bank had estimated. >>> okay. welcome to today's barack obama. let's recap the german unemployment numbers. ticking up to 6.8% in june not a tick up because they revised up the may figures. pay was originally 6.7. it's 6.8 in june. unemployment seasonally adjusted also jumped by 7,000, it was supposed to jump by 5,000. it brought the euro/dollar down on the session to 1.243. we're down below the three week low. so that's just the backdrop for this -- i won't say crucial summit. >> not even going to go there. we had expectations and walked back from the critical element of the summit which by the way, it was supposed to be today and tomorrow, could go
. >> i'm kelly evans happen >> european stocks tread water ahead of a crucial meeting. german unemployment jumps more than expected. >> fate of obamacare is to be decided today. u.s. supreme court will pass down its vote on whether the president's health reforms are constitutional. >> world's second biggest ipo fell but soars in malaysia. >> jpmorgan's trading loss could soar as high as $9 billion, four times as much as the bank had estimated. >>> okay....
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Jun 29, 2012
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. >> i'm kelly evans. financials leaves stocks higher as eu leaders reach a deal. >> pledge to rescue destabilized debt markets. >> four uk lenders reach a settlement over hedging products. but the libor scandal looks to spread. coming up on the show, nobel prize winning economist joins us live on set. we'll get his view on europe's plan for recovery. that in just about an hour's time. >> okay. welcome to the program. plenty to get through at the top. we did say two days ago we said there was no expectation this summit may be long because the only way was up. >> maybe we would exceed them. people are getting some clarity on this overnight and the wee hours of the morning. now we have a chance. >> the question this morning is it anything more than an utter relief there wasn't complete break down and discord. >> it does seem, though, italy scored two victories over germany last night. >> that was almost as extraordinary as what happened potentially at the eu summit. >> eu leaders have made a break through on
. >> i'm kelly evans. financials leaves stocks higher as eu leaders reach a deal. >> pledge to rescue destabilized debt markets. >> four uk lenders reach a settlement over hedging products. but the libor scandal looks to spread. coming up on the show, nobel prize winning economist joins us live on set. we'll get his view on europe's plan for recovery. that in just about an hour's time. >> okay. welcome to the program. plenty to get through at the top. we did say two days...
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Jun 19, 2012
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julie boorstin -- >> or kelly evans. >> charlie doesn't have twitter but we're trying to get him on it i tried it. >> do you follow people? >> i follow people. >> you don't tweet? >> i get spammed so there was a lot of stuff coming out, getting free i.t. services for my account. >> i'm shocked by how much you're here on twitter before you are here on anywhere else. >> modern day rumor mill. >> a quick look on what's the agenda. in asia exports in japan will come out with all-important trade figures for may. that's before 2:00 p.m. central european time and also be watching out for the impact of a rising yen. thailand reports may trade mayors while india, malaysia release may consumer price index. >> gold continues to rise as investors, further stimulus from the federal reserve. we'll be talking about gold. what's your opinion. will you be investing commodities? let us know. federal reser >>> hi. welcome back, everybody. still watching "worldwide exchange". spain has sold 3.04 billion euros in t bills. what we're looking at here is 2.4 billion in 12 month treasury bills. maximum yield 5
julie boorstin -- >> or kelly evans. >> charlie doesn't have twitter but we're trying to get him on it i tried it. >> do you follow people? >> i follow people. >> you don't tweet? >> i get spammed so there was a lot of stuff coming out, getting free i.t. services for my account. >> i'm shocked by how much you're here on twitter before you are here on anywhere else. >> modern day rumor mill. >> a quick look on what's the agenda. in asia...
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Jun 22, 2012
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kind us on twitter at kelly evans or louisa bojesen. loads of you writing in.eople are asking where are the markets haegd. people talking about the eurozone. people talking about the spanish banking situation. >> coming up after the break live in luxemburg where eurozone finance ministers have agreed to provide initial assistance to the spanish banks. more on that next. wÑwÑwÑwÑwÑwÑwÑwÑwÑososososvycyíy >>> welcome to "worldwide exchange". if you're just tuning in i'm >>> welcome to "worldwide exchange". if you're just tuning in i'm kelly evans. >> i'm louisa bojesen. >> more the evidence crisis is casting a shadow over core european companies. confidence in germany drops. >> spain's finance minister said a formal request for aid will be ready soon. a direct cash injection straight from the eu is still a possibility. >> mixed reaction for european banking stocks after moody downgrades 15 of the top financial institutions. commodity trading at multiyear loss. >> it is the e 4 today in rome. they are all meeting ahead of the summit. >>> with a hello to our u.s. vi
kind us on twitter at kelly evans or louisa bojesen. loads of you writing in.eople are asking where are the markets haegd. people talking about the eurozone. people talking about the spanish banking situation. >> coming up after the break live in luxemburg where eurozone finance ministers have agreed to provide initial assistance to the spanish banks. more on that next. wÑwÑwÑwÑwÑwÑwÑwÑwÑososososvycyíy >>> welcome to "worldwide exchange". if you're just tuning...
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Jun 11, 2012
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. >> kelly evans on the phone from view any. she has breaking news out of something. >> opec meet. >> opec. what's going on there? >> reporter: hi, guys, yeah, i'm at the grand hotel in vienna where we just had the oil minister for the meeting. the meeting that takes place thursday. first thing people wanted to know in light of an interview that went online earlier today where he was quoted as saying he wants level to be raised for clarification. he said that it is not what i said. i said maybe. and maybe it will be lower. again, the news here to clarify as we have the saudi oil minister saying it is not necessarily the case he wants higher output. he did say maybe. he didn't say no. he said maybe. he also said maybe it will be lower. again, this comes at the close of eight months low. you can understand why there may be some angst about what higher level could do. >> in other words, maybe the market will turn around here after we get this clarification. kelly evans at the opec meet. >> reporter: thank you. >> thank you. see you
. >> kelly evans on the phone from view any. she has breaking news out of something. >> opec meet. >> opec. what's going on there? >> reporter: hi, guys, yeah, i'm at the grand hotel in vienna where we just had the oil minister for the meeting. the meeting that takes place thursday. first thing people wanted to know in light of an interview that went online earlier today where he was quoted as saying he wants level to be raised for clarification. he said that it is not...
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Jun 21, 2012
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i'm kelly evans. >> these are your headlines from around the world. >> fears over a global slow down continue. china data points to eight straight months of contraction. >> the fed's new twist fail to cheer european stocks. >> and spain to auction off 2 billion euros of debt as investors await the first key audit. >>> and of course also the commodity selloff continues. all prices hitting month lows. >>> welcome to the program the first batch of data out this morning from the eurozone showing a composite pmi reading of 46. a little bit higher than forecast versus 45.5 reading. the composite pmi takes manufacturing and service activity across the eurozone into account. while the reading is stronger than expected its still below the 50 level that indicates expansion. with us for more chris williamson chief economist at market. on the line from singapore is roman scott. chris, to you first. the eurozone data follows the china pmi reading that was much weaker than expected. what jumps out to you from these reports? >> what jumps out, everything seems to be turning down. we have an upturn
i'm kelly evans. >> these are your headlines from around the world. >> fears over a global slow down continue. china data points to eight straight months of contraction. >> the fed's new twist fail to cheer european stocks. >> and spain to auction off 2 billion euros of debt as investors await the first key audit. >>> and of course also the commodity selloff continues. all prices hitting month lows. >>> welcome to the program the first batch of data out...
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. >> and i'm kelly evans. investoring have to wait ten days to find out how much they actually need. >> and china's strength dent is made. it also shows industrial output and retail sales slowing. >> china's airline industry is set to soar. they outline a massive expansion for new airports and jet purchases. >>> okay. so it's the start of another week. great to be back after my holiday. we just got 12 stocks declining. one hour into the trading session. so heavily weighted to the upside, falling due to the news with the detail about spain potentially getting a 100 billion euro loan. let's show you where we stand on the individual indices. last week, ftse up 1.5%. the cac 40 is also up 3.4. the spanish market, no surprise, got the best gains up, 4.3%. remember, we're bouncing after nine-year lows for spachblt spanispa spain. ba ba bankia up. you can see we're back to below or around 126. dollar/yen, 79.54. aussie dollar, u.s. dollar. sterling/dollar. what about the bund market. this is really going be the key t
. >> and i'm kelly evans. investoring have to wait ten days to find out how much they actually need. >> and china's strength dent is made. it also shows industrial output and retail sales slowing. >> china's airline industry is set to soar. they outline a massive expansion for new airports and jet purchases. >>> okay. so it's the start of another week. great to be back after my holiday. we just got 12 stocks declining. one hour into the trading session. so heavily...
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Jun 26, 2012
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. >> and i'm kelly evans. these are your headlines. >>> three sessions of big losses pushing higher in early trade despite a negative day in asia. >>> cypress will request 10 billion euros in financial assistance from the eu bailout fund accord iing to reuters quoting eurozone officials. >>> and eitalian bank seeking 3 billion euros of trade, trading lower after the moody's downgrade. >>> and parliament passes doubling the national sales tax by 2015. >>> a very warm welcome it to today's edition of wo"worldwide exchange." three days of losses for european stocks. we tried to buck that trade now as we're an hour into the session. we're only doing it just around about five to four advancers outpaced declinesers. so not big gains. the ftse 100 down some 3% in the last three days. right now it's just up 0.2%. xetra dax down, just up for the cac. ibex down heavily yesterday. currently just up 0.6%. the focus, of course, on another bailout for the fifth eurozone country, cypress. potentially asking for some aid. and
. >> and i'm kelly evans. these are your headlines. >>> three sessions of big losses pushing higher in early trade despite a negative day in asia. >>> cypress will request 10 billion euros in financial assistance from the eu bailout fund accord iing to reuters quoting eurozone officials. >>> and eitalian bank seeking 3 billion euros of trade, trading lower after the moody's downgrade. >>> and parliament passes doubling the national sales tax by 2015....
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i'm kelly evans. >> ross westgate.he headlines from around the world. >> spain's prime minister says the country cannot fund itself with current yields for much younger and will push eu leaders to stabilize markets at thursday's summit. >> the debate over euro bonds condition. angela merkel says she won't approve the idea for as long as she lives. this is italian borrowing costs jump to the highest level in six months at an auction of short-term debt. >>> and one california city has run out of options and is set to file today for one of the largest municipal bankruptcies in u.s. history. >>> if you're just joining us, thanks for tuning in this morning. let's look at how u.s. futures are pointed. the colors misleading. if you take fair value into account we should be opening higher across the board. dow jones would be opening higher by 14 points. right now nasdaq pointed up by five. s&p 500 by a couple of points as well. the tone from overseas markets overnight has been kind of mixed. cnbc ftse global 300 up 0.2%. we ha
i'm kelly evans. >> ross westgate.he headlines from around the world. >> spain's prime minister says the country cannot fund itself with current yields for much younger and will push eu leaders to stabilize markets at thursday's summit. >> the debate over euro bonds condition. angela merkel says she won't approve the idea for as long as she lives. this is italian borrowing costs jump to the highest level in six months at an auction of short-term debt. >>> and one...
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kelly evans is live for us now in vienna. kelly? >> reporter: yeah. reuters reporting that the meeting just behind me will say that there's no decision to change output levels from the current 30 million barrel ceiling agreed to in december. but the feeling outside here is restless. we've got security guards waiting over here by the stand. we have reporters here and analysts. everyone's wondering what's taking so long. the reports initially coming out a couple of hours ago and now meeting for four hours. two hours since they could have come out with a statement and still waiting here. it's possible what's holding things up is talks over the next secretary-general and there's politics involved with regards to the next minister. whether it's an iraqi, someone from ecuador or someone else. that could be a reason why we haven't seen a statement come out of the meeting yet, why they're still meeting. we're hoping it's within the next couple of minutes. we can't tell you much more other than seeing a member of the libyan delegation tell us a few minutes ago
kelly evans is live for us now in vienna. kelly? >> reporter: yeah. reuters reporting that the meeting just behind me will say that there's no decision to change output levels from the current 30 million barrel ceiling agreed to in december. but the feeling outside here is restless. we've got security guards waiting over here by the stand. we have reporters here and analysts. everyone's wondering what's taking so long. the reports initially coming out a couple of hours ago and now meeting...
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conversation weigh in, get in touch with us at worldwide @cnbc.com or tweet us or directly at kelly underscore evans. >> indeed, kelly. coming up next we'll be talking to a guest who says that greek bonds are the trade the year. how does that work? find out more in a moment. ment. [ male announcer ] this is the at&t network. a living, breathing intelligence helping business, do more business. in here, opportunities are created and protected. gonna need more wool! demand is instantly recognized and securely acted on across the company. around the world. turning a new trend, into a global phenomenon. it's the at&t network -- securing a world of new opportunities. ♪ >>> welcome back to the program. this is worldwide exchange. europe's internal markets commissioner today will unveil new plans for dealing with failing lenders in what cube further step towards banking union in europe. the eu is expected to push for closer coordination between countries along with powers to force loss on bank loan holders. they favor a banking union. the lawmakers are still divided over exactly what the integration will en
conversation weigh in, get in touch with us at worldwide @cnbc.com or tweet us or directly at kelly underscore evans. >> indeed, kelly. coming up next we'll be talking to a guest who says that greek bonds are the trade the year. how does that work? find out more in a moment. ment. [ male announcer ] this is the at&t network. a living, breathing intelligence helping business, do more business. in here, opportunities are created and protected. gonna need more wool! demand is instantly...
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kelly evans, go to europe, where the news is. almost like an international correspondent. that was smart, kelly will, get close to the continent. >> i'm ahead of the tape, what can i say. i wish it weren't so grim over here because i don't have a lot of good news for you this morning. what i can tell you is that we've seen just astonishing numbers out of the bond market. first a look at equities. as you can see, very few advancers out of the and you are row stoxx 600 on the day. we're down about 1.3% and we've really just continued to sell off throughout the morning. weak manufacturing activity. you can see what this has done to a lot of regional equities.ibex 35 only down 0.1%. cac 40 down 1.5%. xetra dax 2.2%. seeing weakness in deutsche bond, too. ftse 100 down about 0.8%. britain was among the places including germany that has seen manufacturing activity according to the pmi survey down at a three year low. and as we know from denmark where if you just want to take one example, we saw the pmi go from 63 to i think like 52 from april to may. exports are a real problem. i
kelly evans, go to europe, where the news is. almost like an international correspondent. that was smart, kelly will, get close to the continent. >> i'm ahead of the tape, what can i say. i wish it weren't so grim over here because i don't have a lot of good news for you this morning. what i can tell you is that we've seen just astonishing numbers out of the bond market. first a look at equities. as you can see, very few advancers out of the and you are row stoxx 600 on the day. we're...
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we'll check in with kelly evans for more. and andrew, over to you. >> we have a very busy u.s. agenda. ben bernanke at 10:00 a.m. market expectations of course are now high that he'll hint at something revealing more about fed easing. steroids are a coming. the central bank second highest official laying out the case for the ped to provide more support to a fragile economy. vice chair janet yellen speaking will boston last might. take a listen. >> i'm convinced scope remains to provide further policy accommodation. >> citing risks from ongoing housing problem, a weak jobs market and worsening financial conditions. a number of other central bank officials will be out speaking today including lockhart, fisher, evans. a lot more than that. also beyond the fed heads, a few other economic events of mote today. at 8:30 a.m. eastern, we'll get you weekly jobless claims and this afternoon we'll get consumer credit. >> i thought there was one other fed official talking, too, today. >> yes, you saw me -- >> wasn't will one other one? >> there was one. >> why would we leave one out? >> i
we'll check in with kelly evans for more. and andrew, over to you. >> we have a very busy u.s. agenda. ben bernanke at 10:00 a.m. market expectations of course are now high that he'll hint at something revealing more about fed easing. steroids are a coming. the central bank second highest official laying out the case for the ped to provide more support to a fragile economy. vice chair janet yellen speaking will boston last might. take a listen. >> i'm convinced scope remains to...
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at least it seems to me last week. >> kelly evans in london. thanks for that. i appreciate that. >> the spanic is on. >> that to me is worst outcome. not a worst out come but still a bad outcome i'm shocked. >> wouldn't we be down if the grexic would happen? now the market is still down. >> this is status quo. we didn't drive the old car into a wall but still left this jungjun junker. >> all we know no one is trading any stocks basically. there's volatility. one reason there's volatility because no one is trading stocks. you got to go way up or way down. >> analysts expect markets to turn positive monday. >> yeah, right. >> see how long it lasts. >> spanish bond yields are up. they are soaring. they are going up. >> 7.1%. >> central bankers are paying close attention to the situation in greece. fed begins a meeting tomorrow. steve liesman joins us on the set this morning. we're doing more than twisting or the possibility. >> big debate. the out come of the greek election means the need for global central bank kirs is off the table. still leaves a big debate wha
at least it seems to me last week. >> kelly evans in london. thanks for that. i appreciate that. >> the spanic is on. >> that to me is worst outcome. not a worst out come but still a bad outcome i'm shocked. >> wouldn't we be down if the grexic would happen? now the market is still down. >> this is status quo. we didn't drive the old car into a wall but still left this jungjun junker. >> all we know no one is trading any stocks basically. there's volatility....
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kelly evans will be joining us live from parliament at 7:30 eastern time. >>> but the big story of the the country awaiting the supreme court's ruling on the health care mandate. as we await that decision, mitt romney's presidential campaign is already working on its own reform plan. joining us is tevy troy, the health care policy adviser to governor romney's campaign. also with us is dr. zeek emanuel, he's a senior fellow at the center for american progress and a big architect behind the president's health care plans and law at this point. dr. emanuel, thank you for joining us on set today. >> no problem. happy to be here. i brought my broccoli, very important. >> is this a suggestion -- can the federal government make us buy broccoli? >> this is my lucky charm for this whole debate carrying around the broccoli. you know, i think one of the constitutional experts said there's no bar on congress to make stupid laws. stupid laws aren't unconstitutional. we need to division unconstitutional laws to stupid laws. if they force people to buy broccoli it would be stupid but not necessarily u
kelly evans will be joining us live from parliament at 7:30 eastern time. >>> but the big story of the the country awaiting the supreme court's ruling on the health care mandate. as we await that decision, mitt romney's presidential campaign is already working on its own reform plan. joining us is tevy troy, the health care policy adviser to governor romney's campaign. also with us is dr. zeek emanuel, he's a senior fellow at the center for american progress and a big architect behind...
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Jun 14, 2012
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let's go live to kelly evans. good afternoon, kelly.ali naimi had a smile on his face and seemed in good spirits walking into the building behind me just a short while ago. this amid reports that the saudis and iranians have reached a deal with regard to the current ceiling, keeping it roughly at where we are at 30 minute yos barrels a day. production has been higher than that level, a ceiling would give cover for the minister to rein in production without having to change their official position. if this is true and this is happened and naimi and the iranians have reached a deal it could help the meeting to wrap sooner than expected, means we won't be here by tomorrow. we're told by opec sources that it seems likely the meeting will wrap today. the first hour is the session with other people involved is likely just finished. now the second hour is getting under way. 5:00 local time is probably the soonest we'll have a decision. but keep in mind that doesn't -- it could mean essentially no decision is taken. and i want to just play you,
let's go live to kelly evans. good afternoon, kelly.ali naimi had a smile on his face and seemed in good spirits walking into the building behind me just a short while ago. this amid reports that the saudis and iranians have reached a deal with regard to the current ceiling, keeping it roughly at where we are at 30 minute yos barrels a day. production has been higher than that level, a ceiling would give cover for the minister to rein in production without having to change their official...
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let's get to kelly evans who is covering the get-together in vienna. kelly evans standing by. where are you exactly there? >> andrew, get this, i am in front of the hoffburg palace in vienna which was once the seat of the roman empire. it's beautiful here, it's windy, though. what's happening inside is the opec seminar, ahead of the opec meeting that will be held across town. the saudi oil minister, he's the key character. he's the greenspan-like figure in all of this. and the decision that may come from the meeting later largely depends on whether the saudis can come to a meeting of minds with everyone else in the dozen member cartel. cartel being a term they hate to use. you have iran, algeria, venezuela who would like to see production cut. the saudis, though, appear open to having a production increase or stay at current levels of about 31.5 million barrels a day. that is above the 30 million barrel ceiling they agreed to in december. it seems likely they may stick to the 30 million barrel figure when the statement itself comes out later. naimi didn't make comments on came
let's get to kelly evans who is covering the get-together in vienna. kelly evans standing by. where are you exactly there? >> andrew, get this, i am in front of the hoffburg palace in vienna which was once the seat of the roman empire. it's beautiful here, it's windy, though. what's happening inside is the opec seminar, ahead of the opec meeting that will be held across town. the saudi oil minister, he's the key character. he's the greenspan-like figure in all of this. and the decision...
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. >> and i'm kelly evans and these are your headlines this morning. >> things go from bad to worse for europe's manufacturing sector, contracting further in may. spanish pm ichli falling to a t year low. >> and prompting calls for more stimulus. >> and the u.s. presses the spanish government for immediate action on itd ba banks. >> and bp unveils it's looking to sell a stake adding it has received unsolicited offers. >> this is jubilee weekend for the uk, but this is data jubilee for me. euro zone final may pmi reading, manufacturing sector activity index, is at 45.1. this is up slightly from the 45 flash initial estimate. of course it's still lower than what we saw in april. almost down a point from april to may to the lowest level since june 2009. the composition here aside from increases in ireland and i believe italy, pretty weak readings. and it's also what's going on with the employment with the new orders index and the new orders index for the eurozone for may was down to 42.6 from 43.5 in april. that's a six month low. 1.2344 is the level. and what's even more amazing is the ge
. >> and i'm kelly evans and these are your headlines this morning. >> things go from bad to worse for europe's manufacturing sector, contracting further in may. spanish pm ichli falling to a t year low. >> and prompting calls for more stimulus. >> and the u.s. presses the spanish government for immediate action on itd ba banks. >> and bp unveils it's looking to sell a stake adding it has received unsolicited offers. >> this is jubilee weekend for the uk, but...
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. ♪ it's the at&t network -- joiningou're just >>> if you're just joining us, i'm kelly evans. >> i'ma bojesen. these are your headlines. >> equity markets are down as investors get out of risky assets. commodities are lower and the dollar moving up. >> worries that china's rate cut is a sign of more grim economic data to come with a slew of figures you today out over the weekend. >> and another top fed official says more stimulus is needed to shield the u.s. economy from the effects of the global slowdown and europe's debt crisis. >> and spain's borrowing costs rise after fitch downgrades the country's credit rating by three notches and reuters reports suggest the country may see gain for it banks, although we're also hearing will this is not confirmed and they need to go a bit auto process first. >> just getting some comments from the bundesbank. the semiannual report. what we're seeing is a statement essentially indicating that the german economy is operating in a very difficult environment, stating that the greek political situation poses risks to the german economy, this of cours
. ♪ it's the at&t network -- joiningou're just >>> if you're just joining us, i'm kelly evans. >> i'ma bojesen. these are your headlines. >> equity markets are down as investors get out of risky assets. commodities are lower and the dollar moving up. >> worries that china's rate cut is a sign of more grim economic data to come with a slew of figures you today out over the weekend. >> and another top fed official says more stimulus is needed to shield the...
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i'm kelly evans. >> i'm louisa bojesen.ile session in europe with germany selling off, but peripheral markets recovering from last week's lows. all will this while bond yields hold roughly steady. ibex trading higher by more than 2% as latest data showing spain's jobless rate dropped moderately in may. >> and reports suggest policymakers are working on a master plan for a new european union. george soros warns authorities have three months to save the euro. >> portugal also propping up troubled lenders. planning a capital injection of over 6.5 billion euros as the company is passing the latest review from its bailout lenders. >> good morning to our u.s. viewers joining us. take a look at how we're trading. we still have red across the board. s&p would be opening lower pie just a couple of points. nasdaq pointsed down. dow could open lower in the range of 50 to 60 points. partly because of the moon we've gotten from across the globe. the uk is closed still in honor of the jubilee holiday, but elsewhere we've seen trading a b
i'm kelly evans. >> i'm louisa bojesen.ile session in europe with germany selling off, but peripheral markets recovering from last week's lows. all will this while bond yields hold roughly steady. ibex trading higher by more than 2% as latest data showing spain's jobless rate dropped moderately in may. >> and reports suggest policymakers are working on a master plan for a new european union. george soros warns authorities have three months to save the euro. >> portugal also...
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Jun 7, 2012
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if you're just joining us, i'm kelly evans. >> and i'm louisa bojesen and these are your headlines. > as investors hope for more hints of stimulus. >> janet yellen lays out the case for more quantitative easing if down side risks materialize. >> i'm convinced the scope remains for the fmoc to provide further policy accommodation. >> and decent take up at an auction of spanish government debt shows madrid can still access the markets, but it has to pay more to do so. >>> dow would be opening higher about 35, nasdaq almost 10, s&p 500 pointed up about 5 points. quiet start to the morning and now up more than half a percent on the index. a little bets it of relieve thf spanish auction went off so well. ibex up almost 1.5%. >> and the big question as always is how do you make money in these markets. here's what some of the experts have been telling us thorn. >> could you see a short squeeze up through 1.30. you could see euro-dollar move significantly higher. medium term, still has to go down. >> equities overweight, and so on because it seemed that with the long term growth potential of
if you're just joining us, i'm kelly evans. >> and i'm louisa bojesen and these are your headlines. > as investors hope for more hints of stimulus. >> janet yellen lays out the case for more quantitative easing if down side risks materialize. >> i'm convinced the scope remains for the fmoc to provide further policy accommodation. >> and decent take up at an auction of spanish government debt shows madrid can still access the markets, but it has to pay more to do so....
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Jun 14, 2012
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i'm kelly evans. not in london, i'm in vienna, in front of the hoffburg palace where behind me the opec seminar is taking place ahead of the opec ordinary meeting that will start this afternoon at about 3:00 ordinary time. the key question, of course, is whether opec members will agree to keep the current production quota at 30 million barrels a day. and perhaps more importantly, whether they'll reign production in so that it will meet that level, given that we're running 1.5 million barrels above that in recent months. i caught up with certain members of the committee, the libyan oil minister, here's what he had to say about the meeting. >> i think we're in the market of supply and demand, not for the sake of lowering production but having a stabilized price is the issue. >> would you prefer to see prices stay at current levels? >> $100 i think is reasonable for everybody. >> so $100 a barrel. that's what he and a lot of others say is a reasonable level. what's interesting, though, you're seeing the
i'm kelly evans. not in london, i'm in vienna, in front of the hoffburg palace where behind me the opec seminar is taking place ahead of the opec ordinary meeting that will start this afternoon at about 3:00 ordinary time. the key question, of course, is whether opec members will agree to keep the current production quota at 30 million barrels a day. and perhaps more importantly, whether they'll reign production in so that it will meet that level, given that we're running 1.5 million barrels...
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Jun 8, 2012
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kelly evans is standing by in london. kelly has some red behind her on this lovely friday morning. >> yes, i do. good morning. we definitely started out more of a risk off mood. we've since come off of that a little bit and the main reason is this reuters report that spain will seek help for it banks in a conference call with euro group leaders on saturday. so very much policy rumor induced move here. not necessarily the kind of thing that a fundamental value investor will really want to see. but in any case, you can still see the red behind me as decliners outpace advancers by about an 8-2 ratio. down about 0.6% on the stoxx 600, but well off the lows. and as becky mentioned, u.s. futures now pointed up higher than they were earlier in the session. spain now up 0.6% on the day despite of course fish coming out downgrading spain's credit rating. foot ciftse mib, down almost 1%. it goes to show that we're not getting a strongly correlated market the same way that we would be if it was purely risk on. xetra dax down half a p
kelly evans is standing by in london. kelly has some red behind her on this lovely friday morning. >> yes, i do. good morning. we definitely started out more of a risk off mood. we've since come off of that a little bit and the main reason is this reuters report that spain will seek help for it banks in a conference call with euro group leaders on saturday. so very much policy rumor induced move here. not necessarily the kind of thing that a fundamental value investor will really want to...
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Jun 21, 2012
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it's now time for our global market support and kelly evans back, by popular demand, standing by in london. kelly. >> hey, andrew, good morning. the tone across europe this morning has been kind of mixed. mixed to the weaker side. this despite the fact that spanish yields are the story and today important the right reason meaning they come down significantly. first take a look what's happening behind me. decliners outpacing advancers by about 7-3 ratio. a lot of headlines that are driving this market are still coming and having to do with spain. first i want to show you what's happened as we evolved here overnight. hang seng was down 1.3. this of course as china's pmi data came out weaker than expected. eight straight months of contraction. this weight on stocks across europe but we're off our lowest levels of the morning. dax in germany down. ftse 100 down by half of a percent. and reports showing more mortgage lending across britain as well. as i mentioned, bonds the story here. here's the one to watch, spain 6.523%. yes it's helped spain had an auction today. people showed up to buy its
it's now time for our global market support and kelly evans back, by popular demand, standing by in london. kelly. >> hey, andrew, good morning. the tone across europe this morning has been kind of mixed. mixed to the weaker side. this despite the fact that spanish yields are the story and today important the right reason meaning they come down significantly. first take a look what's happening behind me. decliners outpacing advancers by about 7-3 ratio. a lot of headlines that are driving...
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Jun 27, 2012
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kelly evans standing by in london. before we get to the markets report, i have a funny story for you quickly. my parents were eating at a cracker barrel in stanton, virginia. some reason they started talking about me. maybe they're proud. who knows why. the waiter went to high school with you in lexington, virginia. it's a small world. but i wouldn't want to paint it. >> who was the waiter? >> his name was byron -- played on the football team. byron jones or something like that. he was on twitter. he said i just waited on cnbc's friends at cracker barrel. i said, how did you know we went to cracker barrel? i said, it was on twitter. he said hello and congratulates you on your success. >> that's so nice. well, stanton, virginia, as long as you pronounce it the right way, you know, it's appreciated all around. you'll have to tell him or if he's watching i say hello back. i need to get back to the crackle barrel. in any case, let me give you a sense of what's happening here in overnight trade as we hand off to you. we see
kelly evans standing by in london. before we get to the markets report, i have a funny story for you quickly. my parents were eating at a cracker barrel in stanton, virginia. some reason they started talking about me. maybe they're proud. who knows why. the waiter went to high school with you in lexington, virginia. it's a small world. but i wouldn't want to paint it. >> who was the waiter? >> his name was byron -- played on the football team. byron jones or something like that. he...
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Jun 4, 2012
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kelly evans is standing would i by in london. give us mr. greenspan's numbers. >> andrew, i was admiring the map behind me. it looks like we might have started off in a pretty ugly session given what was happening across asia. but a better tone here actually in europe this morning. xetra dax the weak performer of the morning. but a bit better over here if you look at the cac 40 out of paris. ibex 35 in spain, look at this, up 2.5% as some of the spanish banks in particular are bouncing back from that really long period of weakness that we've seen. the question becomes whether that in conjunction with a little bit better jobs report out of spain this morning provides the opportunity for stocks really to stage anything of a comeback here. bond yields kind of flat for the morning. portugal we threw up because finance minister out making comments about how they have taken the needed steps to get their next round of bailout funds. so a remind der, we haven't seen this in a while. 12% still on the ten year debt that is on the market already. ten y
kelly evans is standing would i by in london. give us mr. greenspan's numbers. >> andrew, i was admiring the map behind me. it looks like we might have started off in a pretty ugly session given what was happening across asia. but a better tone here actually in europe this morning. xetra dax the weak performer of the morning. but a bit better over here if you look at the cac 40 out of paris. ibex 35 in spain, look at this, up 2.5% as some of the spanish banks in particular are bouncing...
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Jun 5, 2012
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kelly evans is in london. each day -- i think you had dark on yesterday. today i noticed a white that you're wearing. >> for the queen. >> a jubilee type thing, i think. >> i didn't realize he cream is the queen's color for all the jubilee celebrations. i did not mean to rain on her parade so to speak. but now that we've reached summer, i have on get in the spirit. we've seen xetra dax the weaker performer. down almost about 1%. and this comes as we got reports on service sector activity across the euro block including germany softening last month. retail sales figures were weaker than expected. down 2.5% on the year. still seeing a better tone to the cac 40 out of paris and ibex 35 out of spain up about 0.3%. swiss market up, too. why, you you ask some take a look at what's happening in bond yields 37 the broader message is no one wants to be too exposed ahead of this g-7 call. the bro no one wants to be too exposed ahead of this g-7 call. the bro no one wants to be too exposed ahead of this g-7 call. spain's 6.4% level, that's again off its highs. france
kelly evans is in london. each day -- i think you had dark on yesterday. today i noticed a white that you're wearing. >> for the queen. >> a jubilee type thing, i think. >> i didn't realize he cream is the queen's color for all the jubilee celebrations. i did not mean to rain on her parade so to speak. but now that we've reached summer, i have on get in the spirit. we've seen xetra dax the weaker performer. down almost about 1%. and this comes as we got reports on service...
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Jun 25, 2012
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kelly evans is standing by. k kelly? >>> hello, michelle. i'm sorry to kick things off not necessarily the best note. there's a lot of red going on. we have decliners outpacing advancers by a 9-1 ratio. down 1.4% on the index this morning. it's not necessarily that we opened so poorly but sentiments have taken off. as you can see first the nikkei down three-quarters of a percent. over here, though, the xetra dax in germany down 1.6% in trading so far and the ftse 17 in the uk not much better down 0.9%. it's been more about some of the news we've gotten with regards to spain requesting a bailout for its banks not giving a dollar amount but that's not doing a lot to support bonds certainly for the sovereign. here we have an increase of 6.531%. we're off the highest levels we saw a couple of weeks ago. spreads are higher this morning. in the range of 570 basis points. france and germany among the beneficiaries of that as investors look for safer havens. people are paying negative yields. real yields are already negative. the story for the last
kelly evans is standing by. k kelly? >>> hello, michelle. i'm sorry to kick things off not necessarily the best note. there's a lot of red going on. we have decliners outpacing advancers by a 9-1 ratio. down 1.4% on the index this morning. it's not necessarily that we opened so poorly but sentiments have taken off. as you can see first the nikkei down three-quarters of a percent. over here, though, the xetra dax in germany down 1.6% in trading so far and the ftse 17 in the uk not much...
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Jun 6, 2012
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kelly evans is standing by in london with more. kelly? >> yeah. >> hold on, what are you doing sitting down? >> if you can see behind me what we have is a special couple hours of programming. i know you guys have to do your show in the u.s. but there's a bank of england and ecb and we have special programming. i'm sitting for the report. we're seeing more risk on mood in markets. in fact pretty much by the book. we have the dollar weaker. everything from the ftse to the dax to the cac to the spain up in the range of 2%. the ibex in spain was up. euro a little bit stronger last i checked and, joe, i'm sorry i don't think wisconsin has a heck of a lot to do with the triple-digit dow move that we'll see here. we saw some talk out of china overnight on some of their journals about further interest rate cuts. europe has continued with that theme. it will continue into the u.s.. let me just say, though, this feels to me a little bit like the kind of condition you get before people expect that policy stimulus to come. we've heard a lot of people
kelly evans is standing by in london with more. kelly? >> yeah. >> hold on, what are you doing sitting down? >> if you can see behind me what we have is a special couple hours of programming. i know you guys have to do your show in the u.s. but there's a bank of england and ecb and we have special programming. i'm sitting for the report. we're seeing more risk on mood in markets. in fact pretty much by the book. we have the dollar weaker. everything from the ftse to the dax to...
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Jun 22, 2012
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kelly evans is standing by in london.t's so hot that the sun -- >> the most exciting, interesting part of your morning. >> is it hot over there. it's so hot the sun is looking for shade. it's so hot -- >> that's better than your dog and cat joke. >> the dog and cat one is the best one. >> farmers are feeding chickens crushed ice to keep them from laying hard boiled eggs. >> how about -- >> heard that one earlier and i was like -- >> i saw some kids -- >> let me give the global market report so we can move on. >> i saw some kids stealing hub caps with pot holders. you going to keep kelly? i'm so loud that it won't work. but go ahead. >> all stolen from a website. i just found them. there's a website. >> now you can participate. >> it's so hot jokes. it's a website called it's so hot. >> speaking of shot let's go to kelly. >> okay. yeah. red behind me. that's what i assume you're referring to. decliners out pacing. down half percent. basically searching for direction. let's take a closer look. after that week trading sessio
kelly evans is standing by in london.t's so hot that the sun -- >> the most exciting, interesting part of your morning. >> is it hot over there. it's so hot the sun is looking for shade. it's so hot -- >> that's better than your dog and cat joke. >> the dog and cat one is the best one. >> farmers are feeding chickens crushed ice to keep them from laying hard boiled eggs. >> how about -- >> heard that one earlier and i was like -- >> i saw some...
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Jun 26, 2012
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. >>> kelly evans is standing by. lots of cup tries borrowing lots of money at very high rates. kelly? >>> michelle, that pretty much sums it up. you could also say that we now have five countries that need eu bailouts and have applied for them with cyprus. its figures revised up to suggest it might need 10 billion euros, i think that amounts to half its g it dp. in any case all of this means stocks are kind of certificasear direction across the region. as you can see behind me decliners outpacing advancers by a 7 to 3 margin. broadly speaking we're only down -- in fact we just ticked back up on the euro stoxx 600. take a closer look at what's happening, back in the green up 0.1%. the ftse in italy up nearly a quarter of a percent. xetra dax in germany up about 0.1%. the same thing for the foot the si 100 in the uk. this may have something to do with comments out from barroso talking about saying there needs to be a sense of urgency. yes, we should have realistic expectation abouts what to expe expect, but he expects fiscal union will be happening in the background here. so as in
. >>> kelly evans is standing by. lots of cup tries borrowing lots of money at very high rates. kelly? >>> michelle, that pretty much sums it up. you could also say that we now have five countries that need eu bailouts and have applied for them with cyprus. its figures revised up to suggest it might need 10 billion euros, i think that amounts to half its g it dp. in any case all of this means stocks are kind of certificasear direction across the region. as you can see behind...
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Jun 12, 2012
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we will talk to kelly evans and get more on that. let's talk about oil prices. right now down about 35 cents, 82.35. this is coming, again as we mentioned, venezuela coming up with complaints about overproduction. saudi arabia doesn't look like they're backing down. so that's why you see continued pressure on oil prices. the ten-year right now is yielding 1.61%. slightly higher than where it closed yesterday. and the dollar as we continue to see pressure on some of these global stock markets, the dollar is down against the euro, up against the yen. 1.2507 is the euro. dollar/yen is trading at 79.50. and euro/dollar is 1.25. >>> our favorite subject, it's time for the global markets report and ross westgate is back. ross is back. >> we missed you, ross. >> that is very true. what's going on over there. >> he's slumming with us. >> kelly is on her way to the opec meeting. that's why you got me today. nice to see you again. we are -- we are weighted to the downside in terms of stock volume. advances out-paced by decliners by a little more than 5-4 at the moment. th
we will talk to kelly evans and get more on that. let's talk about oil prices. right now down about 35 cents, 82.35. this is coming, again as we mentioned, venezuela coming up with complaints about overproduction. saudi arabia doesn't look like they're backing down. so that's why you see continued pressure on oil prices. the ten-year right now is yielding 1.61%. slightly higher than where it closed yesterday. and the dollar as we continue to see pressure on some of these global stock markets,...
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Jun 11, 2012
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let's go across the pond where kelly evans is standing by in london. miss evans. >> hello. first of all, it's rayoy. the spanish prime minister is rajoy. the "j" is an "h." let's recap the weekend. $100 billion in aid to spain's banks. this, of course, not being called anything but a line of credit by mr. rajoy or the thing that happened over the weekend. not a bailout in his words, although everyone else is. the money would come from the efsf at least until the permanent esm in permanently in place. why us the this matter? if you're a creditor, esm pushing you down. efsf does not. the specific amount of loans going to spank we won't know for about ten days when more detales are available. let's stack this up. now, importantly the tirchs between spain and some of the other peripheral countries is that this aid was for the banks and for the other countries it was for them itself. going back to 2010, ireland, same thing. going back a couple of years. mounting to more than $678 billion. that gives you an idea why spain being a bigger economy people raising questions as to whet
let's go across the pond where kelly evans is standing by in london. miss evans. >> hello. first of all, it's rayoy. the spanish prime minister is rajoy. the "j" is an "h." let's recap the weekend. $100 billion in aid to spain's banks. this, of course, not being called anything but a line of credit by mr. rajoy or the thing that happened over the weekend. not a bailout in his words, although everyone else is. the money would come from the efsf at least until the...
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Jun 19, 2012
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. >> kelly evans has to go to boots. it maybe needed any drugs while in the uk yet? >> no. i feel like walgreen's is stalking me because first i moved to new york and they buy dwayne reed and now i move to london and they buy boots. take a look what's happening behind me overnight. more green across the board following yesterday we saw the same thing. stocks have been searching for direction. the stoxx europe 600 is up about .42%. this follows a mixed batch of news. german sentiment was soft and spain had to pay significantly higher rates. ibex 35 in spain is 1.5%. ftse and italy up. dax holding up okay. up half a percent. the zew survey is a survey of investors sentiment. came in a reading minus 17. richard was quick to put out the zew survey of investors, he wants to know about the survey of actual business conditions. footcy 100 up. take a closer look. spain after auctioning offer that 12 and 18 month debt had to take significantly higher rates. a little bit better tone for the longer term paper. italy is at 6.004%. some trades are back below 7%. but for 18 months italy
. >> kelly evans has to go to boots. it maybe needed any drugs while in the uk yet? >> no. i feel like walgreen's is stalking me because first i moved to new york and they buy dwayne reed and now i move to london and they buy boots. take a look what's happening behind me overnight. more green across the board following yesterday we saw the same thing. stocks have been searching for direction. the stoxx europe 600 is up about .42%. this follows a mixed batch of news. german sentiment...
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Jun 29, 2012
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kelly evans is standing by. becky just walked us through south good news that's coming across.ou have a lot of green arrows behind you. are we there? is this the moment? is there going another moment late center >> andrew the question really seems to be not so much is this end of europe's debt crisis but is at any time beginning of the end. markets while broadly positive are still trying network through that question and figure out what it means. we have a 9-1 advancers out pacing decliners. there's only a dozen stocks that are negative. up 1.5% across the board. as we take a closer look at the european index we pulled off from the highs. that's true in spain. ibex 35 is up 2.5%. up nearly 4%, in the range of 3.8%. it's been lower now so we moved off this and lows. the ftse up 2.85%. dax in germany better than 2%. ftse 100 up 1. i 3%. we're seeing anywhere from sort of a 3% to 6% move. some of the stronger performers are in the hard hit sectors. bbva here in spain up better than 4%. let's look at bonds. this is a reason to temper your optimism, curb your enthusiasm. italy is ba
kelly evans is standing by. becky just walked us through south good news that's coming across.ou have a lot of green arrows behind you. are we there? is this the moment? is there going another moment late center >> andrew the question really seems to be not so much is this end of europe's debt crisis but is at any time beginning of the end. markets while broadly positive are still trying network through that question and figure out what it means. we have a 9-1 advancers out pacing...