Markets Update: European Equity Futures Drop
Asian stocks fell nearly erasing this week’s gain, European equity futures dropped and the Indian rupee slid to a record low amid reports signaling the U.S. recovery is slowing. Bond risk rose after Moody’s Investors Service cut ratings for global banks.
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The Fed Will Hike by July, Says Foenix's De Meo
09:50 - A gauge of the dollar pared its best monthly performance since January 2015 as traders weighed the timing of Federal Reserve policy tightening, after some central bank officials emphasized interest rates may rise as many as three times this year. Foenix Partners Founder and MD Richard De Meo discusses with Bloomberg's Anna Edwards in London and Manus Cranny in Dubai on "Countdown."