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Looking at Europe now we're gonna go to Alastair -- market analyst for IG who joins us by phone.
Little bit of a more detailed look at what's going on here announcer how concerned should investors be about this global growth forecast.
Yeah I think they should be some concern -- I mean I think certainly today's trading activity for the majority of the European.
-- -- is going to be led by the Asian markets in the fact that we've had.
Confirmation on the six point 35%.
Fall on the -- -- the -- fits into bearish territory.
Certainly has given I really negative -- stances today opens.
As far as the foot -- concerned there is one of two I could see pieces of news -- that set.
This really given that sentiment a bit about a kick is it weather like -- -- the CEO of the royal bank of Scotland's.
Has stepped out overnight that happened after the markets placed here and certainly.
Even with the -- like -- and upping the largest consist of the banking net stocks in the footsie has given that -- -- real negative stance.
I'm so I think they're struggling -- around a little bit at the moment to find any sort of positive -- like.
And -- -- looking at information we are expecting economic -- here in the US and retail sales and jobless claims but.
We keep seeing this trend strong data tends to boost fears of stimulus pulled back but we data means.
The economy's not doing so well so what investors want to see here.
Ironically enough I think they probably do wanna see slightly soft they're right US economic take to this afternoon.
With that the war -- that we're seeing from the Asian markets and until -- front and primarily being.
Done by the Japanese.
I think the the fact and a touch -- the US state -- Would actually increase the chances of that quantitative -- prices continuing maybe stretch that period out a little bit longer and I think that's what equity markets -- -- dearly like to say.
And Alastair is -- have a dangerous trend we're on if we.
Positive economic dead ends up leading to a downturn in the markets had as the economy rebound.
Yeah the we we need to wean ourself thought they -- constitute easing policy.
-- the equity markets have found themselves effectively reliance on as much as anything else but we move that will take time and it will take the recovery of that.
Economic environment and to be honest at this point in time -- -- same for instance as far as the UK's consent.
Just hasn't shown enough signs of recovery for us to be able to.
Feel that we can sustain any -- equity index rallies without that sort of cash injection that -- getting behind the scenes right.
Alastair -- -- IG we appreciate Alastair thanks.
It's a sort of like what.
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