Ladbrokes Seeing Lots of Small Bets on U.K. Leaving EU
The sigh of relief breathed by investors across Europe as polls showed a drop in the odds of a U.K. secession is not being shared in Germany’s options market. While a surge in optimism that Britons will vote to remain in the European Union spurred a 4.9 percent rebound in the benchmark DAX Index in the past three days, the cost of hedging against declines has continued climbing and is now at a six-year high versus bullish calls. The benchmark gauge rose 0.4 percent at 10:30 a.m. in Frankfurt. Ladbrokes Political Betting Analyst Alex Donahue discusses with "On the Move" hosts Guy Johnson and Caroline Hyde.
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Draghi: Mustn’t Use Policy to Pop Local Bubbles
09:40 - European Central Bank President Mario Draghi issued a reminder that the European Central Bank doesn’t tighten monetary policy to tame localized bubbles. He spoke in his role as chair of the European Systemic Risk Board at the ESRB Conference in Frankfurt. (Source: ESRB) (Source: Bloomberg)