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Now let's go back over those European markets talk -- little warm more about them with Jane Foley senior currency strategist at rabobank over London.
Jamie got a slew of negative economic data out of -- today yet markets seem to be shrugging that off.
Is this hope for more -- from the EC beer is there more to it than that.
A bit more to it than that and set me and we have had little consummation of war recessionary conditions in Europe as you say the -- -- GDP -- tech.
-- did see some growth but it was disappointing for -- back into technical recession.
Al on the outside we have had -- -- to -- from the Bank of England.
And -- live in kings and the outlook for the UK economy if anything was a bit encouraging he is a notable.
Dove and yet he spoke about the recovery prospects in the UK -- senate that has injected some life into the UK and European markets this morning.
Parents -- it's not all bad but -- reports are surfacing that European regulators raided several oil companies in an industry data provider last night.
As part of an -- to potential oil price manipulation what happens if they find what they suspect especially in the wake of the Libor fixing scandal.
But again and what is it that we're sensitive to this in the wake of the -- -- say that could be something.
Act -- cases potentially even coming -- -- this but we just stay in May yet.
And with respect to the price of -- however city from the -- her position it's still very much the global economy which will drive the prices -- -- for most of us really it is still is the US growing its Japan getting to a couple of codes -- dominant start but suddenly.
At what what happened and with these stories it's getting more attention that you say.
Because of what's happened with -- Jane Foley over rob -- -- we appreciated Jane is always thanks so much.
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