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Let's take a closer look at what's moving the markets with bill -- guard chief economist at markets dot com in London.
-- EU officials have struck a provisional deal on new financial rules including.
Capping bank bonuses now this follows public outrage over bonuses after the bank ballots but -- in argues that this'll drive away talent and restrict growth.
In the financial sector so is the government overstepping its boundaries here.
Well I guess from some market standpoint I'd have to say yes and I mean that we talked about -- once or twice before.
34 years ago before that slight problem with Lehman Brothers if you -- working in Europe we saw a major move in to both the Middle East in the -- already said it was basically was sort of Shanghai.
Impact due back and London good back it is as simple fact is -- we all -- -- -- with the Internet with having troubles all over the world you don't have to be it and he said area so the fact is.
If it gets too difficult the banks will say.
And Italy's political deadlock keeping yesterday bill as that -- -- ruled out backing a government led by the center left he says his party.
Although -- on a case by case basis so what does that do for uncertainty in the market.
Well I think I and if you've been over here.
If they finally elect a government I think you'd be the 63.
Since 1940 -- and and I mean what are the things that you may not have gotten US pressed.
Again the Italian president is -- -- four day visit.
Kimberly and and last night you exposed to have dinner with Angela Merkel oppose it -- But the simple fact is yesterday morning he said something about the -- an election and two clowns so the Italian president says don't call me -- clam up have been -- -- myself -- it -- is a situation -- I think we've -- We all know about Silvio Berlusconi.
Remember -- and an ex Communists and then we do have a comedian actually really it's a situation where the markets basically are in a better shape than they were 48 hours ago but as -- say if you've been no real long enough you always know since June July August and must meet tab for -- new.
Italian government have a -- That's build a credit markets that my supposedly some of this is to be expected bill thanks so much.
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