Also in this playlist...
This transcript is automatically generated
Fifty cents an ounce -- for more on Europe we go live to London where we're joined by ETX capital's head of trading Joseph Rundle.
Don't tell me some goodness it's hard to find -- it when it comes to Europe particularly today.
Not hey there is any month much kidneys out I think there's a glimmer of -- that drug is.
Not attending Jackson Hole to waive reading out of there actually -- buying their heads together and come out with some sort of coordinated action may be incident on September the safe.
To try and sort out this crisis and come up with -- to achieve its Italy and Spanish borrowing costs.
Do you think it will take the shape of what has been reported.
Much discussion on and off -- couple of weeks about cats.
About the ECB putting caps on the sovereign debt through buying in Spain and Italy you think that's what they'll end up doing.
I think they will have to buy some form of death I think they have to get.
The yields down that's Philip six point full -- still too high this bank and that got a bit of time around September us bank doesn't have tools -- the loss of bad debt.
Come out -- got a big trucks -- -- -- 25 billion euros to auction.
They really need to get it down that's I think the house to the action.
-- they gonna pacify the Bundesbank and we don't want this bond buying program but I think.
Ultimately they have to push it forward otherwise -- gonna be talking about full blind eye out for spying which.
Germany will have to underwriting can't -- of.
Would you be short -- any of the sovereign debt have this meeting.
-- I think it's it's a difficult one supply.
I think -- I think yields that gonna have to come down the next four weeks and the ECB's gonna probably do what it takes to get -- yields down because -- -- -- such a huge problem.
I'm if they can't do and the market refuses to budge that then I think you're gonna see -- -- -- -- and Spanish yields going up tighten -- percent.
The -- you're saying into action.
Joseph good to see this morning Joseph -- live for us from lie --
Filter by section