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Alpari chief market analyst James Hughes gives his outlook for the European markets, Greece and the euro.
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Barrel mark.
All right well for more on the European markets let's go live to London where we're joined by James Hughes chief market analyst.
Outbreak UK James it's been a long time great to speak see you.
Lou.
Somewhat muted action on the European markets today probably going into the weekend.
That's right and I -- and I was struck me on the progress -- the increased -- exactly the same as you work because any stories on that Greece Greece are leaving the Arizona increase on leaving the Euro resign.
Who knows what Greece -- gonna do and I think that's the way the markets are reacting in -- -- today that the uncertainty has been on the lying in these markets for a long time now.
We we've seen big moves this week but really not necessarily.
Too much direction and I think today's Friday session is showing exactly that we've we've -- -- -- -- news coming you know we've got the suspension of these bank here chance.
In Spain as well as we whites and this often and in.
And what I don't whether we gonna get that bank you're gonna receive it by about message that's another story on the so liabilities as -- -- into the market -- Pretty much next to nothing this morning the tax down a little bit -- of course.
That vaccinated associate off by holding on -- -- got a 12 points nothing so -- Well it also doesn't think -- -- consumer confidence number out -- generally not exactly moving the markets but I kind of wonder what there actually confident about.
Well this is this is exactly what -- looking I mean these these new census numbers as well that we've seen what wasn't necessarily so bad so we are seeing.
Some good numbers especially out -- I think this is one of those reasons why you tend to get.
And not -- too many worries about the eurozone win if Greece -- of course you've got a scare -- -- -- -- anyway and you've got nice.
That is continued.
If she's the what you've got left these these these the Euro of what's -- -- copies Germany which is actually don't necessarily performing that well crisis not bad this confidence.
When it come what as the -- and what they confident -- is it big question but navy's confidence that yeah unemployment is not so bad in Germany doesn't look so bad.
Yeah -- absolutely right and you know the instinct thing is James that.
The more we told the mostly talked -- all things haven't changed at all.
The big talk of course eurozone bonds.
Do you think Angela Merkel is going to be backed into a corner on that issue.
-- she keeps coming out intending everyone that the house stones will not change in Europe -- and nothing.
A lot of people for a long time have been send the white did that we sell these -- with Europe funds if she's not gonna change much -- -- -- change her mind and it seems anything that's gonna.
Help the -- the -- -- people want necessarily to forthcoming in day.
That's very true all right -- is great to talk to you have a great weekend appreciate.
