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Global Markets Trending Down Ahead of Jackson Hole

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  • Description

    Mark Ingraham of BGC Partners on the stories moving the markets overseas.

  • Duration 2:00
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Seventeen after let's go to London here get another check on markets just so we know.

How we're doing as we wake up this morning BGC partners we have Mike Ingram with us.

I'm Mike joins us up from there are trading floor today markets been trending down what's the focus over there in and European markets -- far.

Yeah really I mean -- was still waiting for some tangible signs from.

Policymakers is.

With Jackson Hole symposium firing up tomorrow and also the the sixth of September -- ECB ECB.

Next week but you know really that this risk go by that we had in European markets for the last week -- so.

Continuing this them panic that is to volumes are very very very shallow.

But -- just not enough positive news -- to really sustain.

The rally that we've had in the European markets over the -- -- -- off bonds -- -- move prices forward so -- very much and holding patent.

At the moment I'm afraid.

Well we've been hearing that in that and we've heard that the last.

Couple they certainly and we and we're always in this -- where we're looking forward to something and saying are we may -- was yesterday's.

Meeting at Piedmont you know Monte in and yeah -- -- I had died Merkel or -- itself Friday's featured.

But did that at the end of the day -- that the problems that are there.

Are still there and and and has nothing is necessarily taking them away say how do you work through that kind of hedge yourself as an investor what your mindset.

Well have been I think he TP never lose money by taking a profit.

So you know you still had done in the behavioral for by 3% and European markets from now -- is still looking at ten.

Plus percent profit so.

To be honest with you I mean my bets and I and I -- -- -- -- today -- I don't think -- -- see much from -- tomorrow.

I don't really gonna see much from the ECB.

Next week I think you know this -- is continue to be kicked down the road trip up.

-- -- collisions happen right so I've never got to be drawn up with that -- -- that's what it's been and that's the right to strike at some point they -- is gonna fall over -- he is one of our other political references or something I don't know about like a good thank you very much we appreciate it we'll talk to -- and thanks for coming on today.

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