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Markets Up on EU News, Will it Last?

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  • Description

    Markets.com chief economist Bill Hubard weighs in on the European markets.

  • Duration 2:28
  • Date

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Ashley Webster live for Brussels let's get some analysis from not bill -- -- chief economist markets dot com and and bill the market.

You know -- -- that we should stocks are going crazy this morning.

This deal -- -- reported on should they should we be as happy as we -- state of euphoria are you here to calm us down.

No I think -- keeping years after the previous.

Eighteen plus summit we were hoping wishing cranks up -- what happened.

This is the only one that we when he treated creepy -- we -- absolutely not -- -- -- so the simple fact is we getting some.

So recapitalization.

And the policy not -- is the simple fact the market to wait a minute the politicians decided we do need.

We must have their support and cooperation.

Of the European central fact the financial communities and wait a -- a politician now -- have -- beginning to turn over.

Working.

Not so much today but in the future -- we -- For the European central banks initiatives -- really is sending the stock market up the bond market -- -- -- dollar kitty.

Drop so this is just a short term thing are your risk on risk gone long term here how do you feel about it when news.

Try to step back bill.

Well -- It that we caught in -- -- -- social walkout might be lenient.

This -- Roscoe you were talking that.

One or two members of the European Commission says well any major changes would have to change -- -- -- and whatever we think said he would take India as well look we all that.

We don't have ten -- real appetite but we have and weeks.

But the key thing here.

Is a market is saying recapitalization.

Working with the banking system and the key akin -- watching -- being is that.

We are going to work we -- yeah that's it -- Each CP.

As long as they ECB remains -- -- About the leaders determined -- -- mood quartet integration.

We feel that the -- a -- feel that the European Central Bank will support this but people think so much over the next Thursday we will get according that basis point.

Cut in new record it right we may get something a bit about the simple fact is the market feel that shortly politicians have turned this over -- the bank.

All right bill thank you very much still -- -- there from London markets dot com and covering this European story that's led to a rally here and everywhere else it.

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