Austrias chancellor tells us shared debt is not the answer to the coronavirus crisis. Meanwhile, chancellor merrickle here in germany has a workaround for the dispute over e. C. B. Bond buying. Testing times. President trump says the u. S. Has prevailed in the battle to boost coronaVirus Testing to capacity. This as Boris Johnson is forced to water down his plans for rebooting the u. K. Economy. Plus, the fed dips into credit on the corporate side. Today marks the opening of a much anticipated facility to buy corporate debt e. T. F. , a key part of the Central Banks coronavirus strategy. Just you said an hour away from the start of cash equity trading in europe and the u. K. Lets take a look at futures here. Ftse n see that we have futures it is changed. Futures across the board are not moving very much, although at least in europe we see some direction. Everything moving to the down side. And more so when you look at the da x, the ibex and the ftse down a third right now. Take a look
Largest coronavirus lockdown has extended for a further 2 weeks but indias government is easing some restrictions. To u. S. Democratic president ial hopeful joe biden denies allegations of Sexual Assault by a former senate colleague. And in sports the English Premier League is stepping up plans for a return to action the league is mad to discuss what needs to be done for games to take a call in june. It is just off the 1500 hours g. M. T. The dramatic drop in oil prices over the past few weeks has been one of the main economic fallout of the Global Pandemic and agreement decided among the worlds Top Producers to cut output has now come into effect and it appears that the deal came to be only after President Donald Trump reportedly pressured saudi arabia threatening to withdraw u. S. Military support for riyadh now to syria sullivan java reports. Oil and water do not mix but politics in oil bond very well there is no official transcript of the conversation between the u. S. President an
After months of no magic, Shanghai Disney throws open its doors today. We will assess theme parks in the coronavirus era. Mixed we are looking at a , possibly positive start for asia. Lets go over to sophie looking at the markets. Sophie asian stocks setting up for a week delivering more Corporate Updates with about 500 companies on the msci aipac to respond this week. And the impact of lockdowns certainly how look growth will be impacted is going to be in focus. We will look at korean trade for may area so this one is edging lower, may. This one is edging lower. Chicago nikkei futures edging higher. The 10year yield adding seven basis points. Tracking the move we have seen of supplyelds pressures prelooking at the offshore yuan over 7. 09. It will bring us Monthly Economic activity data from china this week. Look at the pboc plans to strengthen Monetary Policy report and Pay Attention to growth and jobs on the mainland. Lets look at commodities this morning, oil edging lower after two
Revive its. Compound this bird is closed during ramadan cause of coronavirus restrictions. And in sports the English Premier League is stepping up plans for a return to action the league is meeting to discuss what needs to be done for games to take on. Now an agreement among the worlds Top Oil Producers to cut out for that has come into effect it follows a collapse in global prices spurred by a slump in demand because of the pandemic but the deal to cut out for it came with a lot of infighting between major or producers you might remember they met in vienna early march to work out how to keep prices. Stable but failed to reach an agreement in that meeting opec recommended taking 1500000. 00 Barrels Per Day off the market if russia agreed to cut production too well russia refused. Top producer saudi arabia retaliated by announcing a production increase instead a price war lasted nearly a month and prices dropped below 20. 00 a barrel and moscow and riyadh resolved their differences and
A former senate colleague. And Jerusalems Al Aqsa mosque compound islams 3rd holiest site remains closed during ramadan because of coronavirus restrictions. The dramatic drop in oil prices over the past few weeks has contributed to the economic fallout from the Global Pandemic and agreements decided among the worlds Top Producers to cut output has now come into effect and it appears that that deal came to be only after President Donald Trump reportedly pressured saudi arabia threatening to withdraw u. S. Military support for riyadh i was there as a solid and judge it has our report. Oil and water do not mix but politics in oil bond very well there is no official transcript of the conversation between the u. S. President and the Saudi Crown Prince which resulted in saudi arabias latest Oil Production cuts. Reports suggest president all trump told muhammad bin sole man that u. S. Forces stationed in the kingdom could be withdrawn if saudi arabia did not stop flooding the market with chea