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00:00THE UNCERTAINTY OF THE ISSUE IS STILL MOVING THE MARKETS HERE. LET'S DISCUSS ALL OF THAT WITH THE CIO OF TRUE CAPITAL PARTNER. IT WAS MIND-BOGGLING YESTERDAY WHEN IN THE CIA WAS AT LEVEL -- MSCI WAS AT LEVEL -- IT WAS NOT SUSTAINABLE, WAS IT? >> IT WASN'T AGING RIGHT. TO THE RESCUE COMES THE CENTRAL BANKS. IF YOU LOOK NOW, IT ALMOST LOOKS EXACTLY LIKE YOU SAID LIKE NOTHING EVEN HAPPENED WITH ONE EXCEPTION, THE POUND IS DOWN ABOUT 10-ISH PERCENT. ANGIE: HOW MUCH CAN CENTRAL BANKS STEP IN? WITH LOW-INTEREST RATE ENVIRONMENT FOR A LONG TIME, CHEAP MONEY FLOWING, WE HAVE SEEN THE OUTCOME OF THAT. IT IS CALLED BREXIT. >> IT IS A GOOD POINT YOU MAKE, IT IS MORE OF THE SAME. IT MARKS A HAPPY. SUDDENLY THE RIGHT PARKS -- RATE HIKES HAVE DIMINISHED. WE APPLY A MEDICINE THAT DOES WELL FOR MARKETS. THOSE MARKETS ARE BACK UP. MARKETS ARE AT RELATIVELY HIGH LEVELS. -- ANGIE: WHAT WE ARE SEEING IS PLAYING OUT IN THE UNITED STATES RIGHT NOW. THE PROBABILITY OF A TRUMP, IF THAT HAPPENS, IS THAT GOING TO AFFECT THE TRAJECTORY OF THE CENTRAL-BANK ACTION FROM THE FEDERAL RESERVE? TOBIAS: THAT IS A GOOD QUESTION. ON THE ONE HAND THERE IS GOING TO BE UNCERTAINTY IN THE MARKET. ON THE OTHER HAND, THEY WILL BE FIRST TO USE IT, BECAUSE IF YOU LOOK AT THE MOBILE PACKAGE DESK LOWER PICTURE, THERE ARE THREE GUYS OUT THERE -- BIGGER PICTURE, THERE ARE THREE GUYS OUT THERE. JOHNSON GOT HIS BREXIT. WE GOT IN HOLLAND, THE PROBABILITY FOR A BREXIT LIKE MOVE. ALL OF THESE ARE HAVING WORRIES AT THE MOMENT. A LOT WHO ARE ANGRY. MAYBE THE RECIPE TO SQUARE

Post-Brexit Optimism Ebbs

Tobias Hekster, co-chief investment officer at True Partner Capital, discusses the impact of Brexit on the markets and the actions of the central bank. He speaks to Angie Lau on "Bloomberg Markets Middle East." (Source: Bloomberg)

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