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For more on those European markets.
Let's go live to London now where we're joined by -- to McCabe market analyst -- -- good morning Alastair.
Minutes from the last Bank of England meeting show that we know when you -- -- purchases weren't changing so.
Why -- -- negative turn on the headlines this morning.
-- well I think can trying to set equity markets are probably having a little bit of a war pull ahead.
Fed Chairman Ben Bernanke speech later on this afternoon and it's unlikely he's going -- -- -- -- Phraseology that -- left me quite a lot of his comments open to interpretation and quite frankly if equity markets are inclined it will give them an opportunity to to -- And if you look at -- the likes of the foot sea for instance we've had a pretty good rally in the last three weeks effectively out of the best part about 10% to.
It I would make -- you a little bit of a correction anyway in the natural ebb and flow of things.
And Alastair please stay with -- Canada's cricket on a report that we just got earnings in.
From Bank of America they are reporting in net profit of 32 cents a share we are still checking to see if there any charges or special items if comparable though.
The estimate there's twenty fives that would be beat.
Adjusted revenue came in at 22 point 95 billion dollars that's topping -- estimates for 22.
Point 79 billion.
Back to you Alastair sorry again for the interruption there but UK unemployment numbers fell in May.
Finally some good news -- -- from the UK how do you expect investors react to them.
Yeah we've we've seen a gradual improvement actually and enact economic ties coming after the UK over the last couple of months it's coincided with -- taking over the -- -- -- I think fortunate to sleep more than anything else this not directly due to his arrival but it does may be just -- that the UK -- seven.
Lacking the US -- and markets set but seven dust -- maybe week.
We are starting to turn a corner a little bit ahead of the Europeans have been fats is saying all right -- -- -- -- in London we appreciate it -- thank.
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