Reuters - Video

EDITION: U.S. | U.K. | IN

Top News

Market Pulse: Banks beaten, DAX retreatin'

Friday, November 16, 2012 - 03:56

Nov. 16 - Euro zone financials the biggest loser in equities today, while Germany's DAX slips below 7,000 for the first time in over 2 months. And on this day in history, a Nasdaq meltdown...

▲ Hide Transcript

View Transcript

7000. Has been a key support level for the German ducks a two and a half months but that gave way Elliott today. Rising consent over Japanese economy could see that got -- 5% in the last couple of weeks. About break all of the 7000 little out of state. I'm Jamie -- and this is today's market postal here to discuss European equities and joined by Blix whose chief stock market correspondent forget. Simon -- Simon let's start with the banks and financials on the eurozone banks I -- done what about the sense that they underperforming. Was -- not. Well yes it is -- is the was performing site today. Giving it back a little bit more and it's a strong summer rally. Nothing fresh as prime by the -- issues just -- -- on the -- ears in debt crisis -- going -- that we can people concerned about huntress is gonna. I'll fix its funding and Sicily into a bit of a risk of states thing. Of course go you know different Tuesday with hopefully we'll get some answers them. On not one but in particular offense buying coming -- I think today -- leading the way French bank Natixis second rifles opposed to missiles yesterday. And to some sent him then it's -- -- 4% to -- today. -- Fueled it and the middle -- morning by a breach of the twenty day moving average which is just a treatment of stroke still looks as and it's. Those him heading -- It's. The big picture for banks to the extent by camp as the league particularly bright I go to the fantastic piece on Reuters. To day that shows at least a 160000. By because a lot of jobs in the last couple years. And there's more to come. That doesn't think it's none is not a great time to be a bank the restructurings Vilma has been going off a couple of years this light continued -- regulate your machine is changing. Risk is coming in my irons in a market once -- went on -- to be lies bush in equities. So all of us. And it's -- to job losses and friends. One of the -- so let's finish up out on the basic results these European basic resources -- that sets up. They're having a particularly -- because Valentine and 5% the -- -- in six months. Yes there are a number of sex is though obviously get hit more when growth is a rise of reminders of the chief among them rarely end on this week as you know we've had some fresh but they turned out of Europe. Griffith is looking -- going out. And of course I yes I say this beat the eurozone officially back in the -- yet and to. OK Simon thank you very much. Well on senate foreign exchange and the yen as -- as was -- against the dollar since February. The big buck up over 2% against the Japanese currency this week and the talk -- to fine them dollar gains ahead. Caught -- by analysts say that technicals and fundamentals both points effects yen down site among the negatives. Is among likely to be Japan's next prime minister of opposition leader of -- -- -- a high and inflation target the Bank of Japan as part of an even more expansionary monetary policy. Comment by not a target take 1817 to eight ahead of that. Well the good old days remember them remember when bill on the -- for stocks was up. On this day in 1999. The volume of trades going through that does that -- the market trading system to not done. Meaning that -- no electronic quotes ought trade reports for seventeen minutes but afternoon. Volume was on the way to a record one and a half billion shares. I guess the giggled gates. -- perhaps not just four months late of the bubble bust and the mouse that went on to lose 18% of its value. Even today it's still around 50% done and not peak. -- so Hamas a motive but join us every day at this trying to take the pulse of the market I'm Jamie gave up. -- -- --

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Market Pulse: Banks beaten, DAX retreatin'

Friday, November 16, 2012 - 03:56

Top News »

Editors' Picks »

Business »

Moving Pictures »

Dance of the northern lights Dance of the northern lights

Mon, 20 Oct, 2014 - (1:08)

Images of September Images of September

Thu, 02 Oct, 2014 - (1:00)

Still missing – MH370 Still missing – MH370

Fri, 05 Sep, 2014 - (2:05)

Burning Together Burning Together

Mon, 01 Sep, 2014 - (2:23)

Mending dolls, teddies and hearts Mending dolls, teddies and hearts

Fri, 22 Aug, 2014 - (3:12)

Images of August Images of August

Fri, 29 Aug, 2014 - (1:00)

"Old timers" sail the Chesapeake Bay "Old timers" sail the Chesapeake Bay

Mon, 11 Aug, 2014 - (2:27)

Burned memories Burned memories

Fri, 08 Aug, 2014 - (3:02)

Images of July Images of July

Fri, 01 Aug, 2014 - (1:20)

World Cup: passion on the pitch World Cup: passion on the pitch

Fri, 11 Jul, 2014 - (1:00)

Reuters Investigates »

Re-homing victim: "I could have been dead" Re-homing victim: "I could have been dead"

Wed, 19 Feb, 2014 - (8:24)

Cops and loggers in the Amazon rainforest Cops and loggers in the Amazon rainforest

Fri, 10 Jan, 2014 - (4:01)

"Passed around like a dog" "Passed around like a dog"

Thu, 29 Aug, 2013 - (6:32)

Adopted, then abandoned online Adopted, then abandoned online

Thu, 29 Aug, 2013 - (13:21)

How the DEA keeps its secrets secret How the DEA keeps its secrets secret

Mon, 05 Aug, 2013 - (1:36)

How education lost its role as the great equalizer - Reuters Investigates How education lost its role as the great...

Mon, 17 Dec, 2012 - (7:52)

Jihad Jane: From abused child to American jihadist - Reuters Investigates Jihad Jane: From abused child to American...

Sun, 09 Dec, 2012 - (10:01)

Jihad Jane: The order to kill - Reuters Investigates Jihad Jane: The order to kill - Reuters...

Mon, 10 Dec, 2012 - (10:39)