 Good morning and welcome to your news update video from the Frankfurt Office of CMC Markets. The DAX in Germany is quite weak this morning. It's all correcting. It's below 11,500 points. There's a lot of political uncertainty stemming from the Fraun National leader, Marine Le Pen. She is willing if she will become president. She's willing to fire up the printing presses and create money to finance welfare, industrial strategy costs, and she also wants to repay debt. There should be a new Fraun, a French Fraun, a new Frank, actually a new currency, which is embedded in a basket together with other countries and that's the way how she wants to have her own currency where she will have somehow an autonomous central bank, but it will be consulted by the parliament. So, well, not so really independent, but she wants to fire up the printing presses. That is what she wants to do and the currency in the basket, if you have the French Fraun or the Frank, it will be able to fluctuate 10% to 20% versus that basket. And if there would be no one found actually willing to join that basket currency solution, it will be the Frank or the Frank actually be free-floating then. But you can imagine that a French currency would rather devaluate in a scheme where the central bank is directly financing the state. And if that should happen and the French Frank should devaluate, every state debt would also devaluate. And that is a plan she also has because if the new currency, the new Frank will devaluate by, let's say, 30%, then everybody who holds government debt in France, that is the ECB, those are private investors, pension funds and so on, they will also lose 30%. And that's how she wants to get rid of debt. It's by a strong haircut. So that is very, very adventurous, I'd say, which she wants to do. But that is something that, of course, is somehow really creating uncertainty for the markets for the time being. John Burkow, he's the speaker of the British House of Commons. He said that Trump is not allowed to speak at Westminster Hall as the British Parliament's quietest and most prestigious hall, sexism, racism, the undermining of judges, all that is something that is in contrast, in stark contrast of the values that Great Britain is actually standing for. So Theresa May might have been a little too fast with inviting him. She wants to still have him, but let's see what comes out of that. So for the moment we've got a weak European stock market stemming from political uncertainty relative to the European markets, the Dow Jones in New York is relatively strong. But that is the only reason why it is so strong is because of deregulation and the chump we had in prices in the Dow Jones last week. Just the day the deregulation was announced, there were some strong increases in the price of stocks like Goldman Sachs. And we know that since the election of Donald Trump won fifth, so 20% of the rise in the Dow Jones was just the stock of Goldman Sachs. And so we know that also last week this chump in the Dow Jones industrial average is caused by deregulation and also again, banking stocks going up strongly. So for the moment we've got that somehow world of two speeds, relatively strong Wall Street, another time, once again, political uncertainty in the eurozone.