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Alpari Chief Market Analyst James Hughes on the budget talks at the EU Summit and its impact on the European economy and markets.
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Also overseas for more on European markets heading over to London we're joined by James Hughes chief market analyst.
At all -- good morning James what's -- of the markets over there.
Morning get over a lot of the markets really being driven by two things really have pools are trying to react from yesterday's -- to trying to get -- a bit of a rebound in terms of of what we still intended that.
Itself yet today and of course facility you're right promising yesterday -- -- is well on the back admired throughout these comments out.
I mean we all trying to recover from that somewhat but also we've got the EU summit that's that -- -- talking points and -- especially in the UK.
As the prime minister David Cameron.
Tries to force to his opinion and get what he wants out of it said -- This EU summit and and these EU budget and -- -- -- -- real key point of fact that we moving towards a resolution where we are gonna see a reduction.
In its budget which is gonna be seen as a positive move and I think.
One more added -- of that which is positive within this whole budget so.
That is the spending sitting there limiting -- it that the spending -- around 900 billion euros which is around twelve billion euros less than what it was before.
James used he's market analyst at Al part thanks to appreciate.
