Jim Power

But I came in this morning looking at markets after the developments over the weekend with the, you know, seeming breakdown of the ceasefire last night because the Iranians and the Americans were...

firing weapons at each other in the Strait of Hormuz.

So my expectation was that European markets would be down 2-3% at the open this morning.

The last time I looked, they were up 1-2%.

Perhaps they've fallen again the last half hour, but it defies belief.

It really does.

It doesn't matter what happens.

Markets just keep going higher and higher.

It

Is it because there's just so much sort of program trading going on now that there's a buy signal at every correction in markets?

Because it doesn't strike me as if there's anything fundamental driving this, I have to say.

Yeah, Chris, you mentioned there oil prices being $100 a barrel.

The last time I looked today, they were at $111, actually.

Yeah, okay.

Yeah, but the point is that based on that, my expectation about the markets being significantly weaker today would have been...

You know, to me, the logical thing to happen, but not happening.

Amazing.

But the other thing that's just just looking now.

Yeah.

virtually every single car that's bought in norway these days doesn't have an internal combustion engine it's an ev and i think you're seeing that in some of the data for britain and ireland aren't you we got new car sales for the uk for april up 24 year on year which april is not a huge month for car sales because of the registration calendar in the uk but