You're watching...
Rabobank Senior Currency Analyst Jane Foley on the European markets and the outlook for Greece’s debt crisis.
Also in this playlist...
Auto-advance: ON
Auto-advance
This transcript is automatically generated
European markets let's go live to London where we're joined by Jane Foley senior currency analyst for rob a bank Jane good morning.
Explained the situation.
And Spain.
And -- and our look at it as -- numbers I think annualized they were down for the most recent month almost 10% concerns about the banks there.
But we're still managing to see at least a little bit of buying in France and Germany today.
What I -- buying that we've seen about a -- us markets can publicly -- be traced back to China in the east east.
Reports that we will see some stimulus in China of course that comes on the back of some.
That we -- than expected releases over the last couple -- weeks for China but again is difficult to know precisely how much stimulus could be unleashed.
At least by the Chinese and says that you're gonna make is that I suggest that they are not -- -- -- and allowed scale stimulus package so again laws of incessantly.
But Spain as you said retail sales data this morning was shockingly -- -- it comes on the back of news a few weeks ago that unemployment had reached it was 25%.
At 50% to fun of young people are unemployed and -- -- recession keeps on it needs to keep me at the at property prices keep affording it very very fat.
-- set to economic -- -- still in Spain.
And then Jane also there is at least some burgeoning hub we -- mentioned at the top of the show.
That the government that will take power in Greece.
Could be probe bail out and keep that country in the Euro -- are investors getting maybe a bit too optimistic at this point.
Well setting we have seen that -- of optimism grandma over the last couple of sessions -- because this relates to the opinion polls about suggesting that.
Perhaps the conservatives.
Act at politicians will potentially would not -- -- on June the seventeenth.
Any -- yet another few weeks because but it isn't Christie at that this this could be a a -- on whether or not they would stay in in the U.
Jane Wright talked to thank you so much Jane Foley with Robert bank and over and London as.
