B1 Intermediate UK 145 Folder Collection
After playing the video, you can click or select the word to look it up in the dictionary.
Report Subtitle Errors
Here's what we're watching. We're trading under way in London.
In France, we are down to two candidates: Macron v.s. Le Pen.
And the market likes the sound of that second-round contest, looking for a Macron victory.
French banking stocks surging, and that's driving CAC 40 up 4% at the open.
Risk-on is not just confined to France, however.
Italian shares up more than 3% at the open, with even London's FTSE 100 up over 1.5%.
Euro climbed above 1.09 in Asia against the dollar—a five-month peak.
Single currency remains at 1%, around 1.083.
Euro has also sharply rallied against the pound and rose briefly against yen 120
—its highest level since late March.
There's also a big reaction in bonds,
with the premium for French 10-year paper shrinking to less than 50 basis points over German bunds.
This spread was back near 80 basis points last week.
And the question is: how soon do we see this relationship revert to the 30 basis-point area that largely sufficed before November?
A snap poll shows 62% support for Mr. Macron, and only 38% for Ms. Le Pen.
That's the kind of spread the market really likes to see.
    You must  Log in  to get the function.
Tip: Click on the article or the word in the subtitle to get translation quickly!


Euro and French equities jump | Market Minute

145 Folder Collection
missnerdypants published on April 25, 2017    missnerdypants translated    Hsin reviewed
More Recommended Videos
  1. 1. Search word

    Select word on the caption to look it up in the dictionary!

  2. 2. Repeat single sentence

    Repeat the same sentence to enhance listening ability

  3. 3. Shortcut


  4. 4. Close caption

    Close the English caption

  5. 5. Embed

    Embed the video to your blog

  6. 6. Unfold

    Hide right panel

  1. Listening Quiz

    Listening Quiz!

  1. Click to open your notebook

  1. UrbanDictionary 俚語字典整合查詢。一般字典查詢不到你滿意的解譯,不妨使用「俚語字典」,或許會讓你有滿意的答案喔