Yields have continued to fall in italy. Stocks in europe. We will provide the details in a moment. The s p is up around. 5 . A stable day. We are seeing a rotation back towards the tech stocks. The top the stoxx 600 benefiting from the ecb largess, which were now expecting more of. The stoxx 600 up 1. 12 . Aboutyou are talking Christine Lagarde saying the ecb will be there for the second wave of the virus. The Central Banks primary tools will likely stay the same. Lagarde while all options are on the program, the have provenros their effectiveness in the current environment and can be dynamically adjusted to react to how the pandemic evolves. They are therefore likely to remain the main tools for adjusting our monetary policy. Alix joining us from frankfurt is paul gordon, who leads bloombergs western european Central Banks coverage. Bdp is getting the most out of that statement from Christine Lagarde. Yields down. What was your biggest take away about how she said she would support th
Ande are very determined ouritted in implementing capital return policies. Been flashing our intentions to have a good, solid Cash Dividend but also complemented with share buyback. Welcome to surveillance. It is all about the u. S. Fiscal stimulus and the possibility of another Coronavirus Relief package may be before the election. They are making progress but still disagreements and that is weighing on the market uncertainty, especially in the european space. European stocks down for the second day. U. S. Equity futures pointed higher. Leading the decline by region. Tech outperforming. Energy is the laggard. The yield in the u. S. , they move down even amid some of the stronger risk off shifts we have seen. Strong three to six month treasury yields. Aussie dollar is a standout in the fx space. Central Bank Official said shortterm rates may fall 20. What happened is the rba unsettled investors who counted on the cash rate reaching a genuine lower bound, quite a sizable move. Brent cru
With a pan come up with a plan. Does actually get through congress . , i dont think it does. I think it is very little chance of getting through the senate. That is one of the many reasons why i remain with my 10 likely to have a stimulus deal before the election. This is just not going to happen. The parties are in four different places dependent on which faction you are talking about, all the way from zero to 3. 5 trillion. Theres no time to come around to something before the election. Guy who does this work for . . It clear he doesnt work for the American People if we dont get a deal. If nancy pelosi can figure out a way to get a deal with the white house and have it blown up for mitch mcconnell, is that something that works for her politically . Terry i think it doesnt work for her politically. You have to understand why she is where she is. Once upon a time, it was magically 3. 5 trillion or forget about it. Then all of she came down over 1 trillion under pressure from her politi
Short two to three week circuit breaker. The northwest of england, the northwest, the northeast. The list is growing longer. Tom it is going to be interesting. To say the least, the lockdown in america is not a lot done but is very regional, as mentioned in the debate last night. The upper middle west really hit hard right now. In new york city with our news, ritika gupta. Ritika President Trump and joe biden covered a wide range of issues in last nights second debate. Amongst them, racism, corruption, and the manner in which the president handled the coronavirus. Trump no choice. We cannot lock ourselves up in a basement like joe does. He says we are learning to live with it. People are learning to die with it. He also said the vaccine would be coming in weeks. In that of a guarantee is that a guarantee . Pres. Trump it is not a guarantee, but by the end of the year. Mr. Biden anyone responsible for that many deaths should not remain as president of the United States of america. Ritik
From theto the concern economic hit caused by the pandemic. We have job losses here with a more modest hit in this part of the world. Else is going on out there and quickly looking at the dollar index is. We do have the dollar steady at the moment. We had the surge in the dollar seeing a little bit of a spike taking place. Being seen as a haven currency. The yen, 104. 49. New york crude, what we have here is a plunge taking place overnight. Nearly 5 . They recovered a little bit from that. 8 10 of 1 . 67 a barrel for wti. Gold the steady, but not really acting as a safe haven. We have breaking news, the dow jones reporting that it may close to buying nc, according to people and what would be the second Big Semiconductor tie up this week as the industry rapidly consolidates this deal. It could be worth 10 billion. Thats according to the dow jones. Dow jones reporting marvell could be close to buying inphi later this week. Lets get our first word headlines. Not european leaders are impos