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IG Index Market Trader Will Hedden on the uptick in Europe despite contraction in the eurozone economies.
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Over to Asia we -- mixed markets there.
You had -- the Nikkei and the kospi in South Korea gaining ever so slightly but losses on the Hang Seng and Shanghai how pretty are up.
Again it nothing accomplished from that meeting of European leaders to try and deal with Greece but we have more than 1% gains.
In England and France at the Dax also -- almost 1%.
On oil which we can take a look at our futures -- oil and gold are but up their futures are also gaining as well again mixed market yesterday -- -- big bounce back for the -- Yesterday's trading and you may have a lot of questions as to how can investors be going into the markets right now given all the uncertainty we wanna go live to London we're joined by will head of market trader at IG index's a good morning to you sir.
Why are people buying -- today you would think you would be just the opposite given the bad news over -- wells contraction in the -- -- the economies that.
Good morning -- -- yeah I'll be honest for you and say we're a little bit confused as well we're seeing -- some.
Would -- -- hunting coming in for some of the some of the value stocks have been sold off with the general -- that we saw yesterday -- should become -- scratching your head thinking so my name -- they were very get updates.
We then we just had it'll falling down again yesterday he still to expect -- -- -- the same thing tomorrow we see just.
Kind of they today and then it just there's just -- -- -- most the -- we've had from the this morning from -- I'm from the UK has been pretty measurable.
I -- -- markets very strong sector it's there it's when I was confused intentional racial.
Well what would make it bargain given the fact that -- watching the Euro fall to new lows against the dollar were watching China -- economy slowdown that's gonna have negative effects for the European economy.
Nothing signals growth for Europe so -- Why is this a -- and.
Well I think they were -- more -- some of those some of the individual stocks and London we shall be fools in mining stocks yesterday.
But he's gonna people waiting in terms of resorts is a lot of punishing companies that we'll -- that it's almost all here and do business here they're effectively.
Representing you know much more for but the label.
Kind of environment with fishing with the monitor that exposure to China centrists I think we've seen some -- -- seeing some buying tonight's tonight a lot more I think short time kind of technical buying.
On the fat and they all that -- be achieving -- -- -- where a few days ago are nothing more.
Within that we we've -- still continues setting of the year are our rules site I think that it hegemony people are still very bearish it just things today that -- That seems like there's -- bit -- an appetite to taking some risk on short term.
And -- as we wrap up they they were originally calling at a summit -- -- calling it the pre summit until the -- until the actual summit regarding Greece.
When do we finally get resolution whether Greece is staying in the -- -- -- whether it's gonna drop to -- Why unfortunately you're still gonna relate to rather than seeing -- we've -- Citigroup this morning -- then -- out suggesting they would expect it to happen perhaps next year you next kid.
And I think -- development office still has written off Greece and still has.
Has it down -- you know we expect an entity here I think you're expecting that's happened in the next few weeks because there's too many people when you're who are still desperate to try and Cyprus.
All right we'll -- we appreciate you joining us live this morning on the fox to.
