The Fed Is Giving Mixed Messages, Says Dryden
European shares advanced for a second day as investors speculated that the Federal Reserve may delay its next interest rate increase beyond July. The Stoxx Europe 600 Index climbed 1 percent to 345.65 at 8:16 a.m. in London. The equity benchmark yesterday rebounded from its first weekly drop in a month as energy and raw-material producers advanced, with U.K. shares rising the most among major western-European markets as the pound weakened amid heightened concerns of a Brexit. JPMorgan Asset Management Global Strategist Strategist Alexander Dryden with "On the Move" hosts Guy Johnson in London and Matt Miller in Berlin.
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39:00 - Anthony Crescenzi, portfolio manager at Pimco, discusses the start of quantitative tightening and the factors weighing on interest rates. He speaks on "Bloomberg Surveillance." (Source: Bloomberg)