Smooth provision of credit to the real economy lets go over to frankfurt where Chelsea Delaney is standing by for us our financial correspondent chelsea tell me about the carnage on exchanges it does not look like a good day. No the markets were are really taking a beating before the e. C. V. Decision and this really just it was a surprise and a big disappointment for investors they had pretty much across the board been expecting a cut in the and the main Interest Rate and the e. C. B. Did not do that so were obviously seeing a shake out in the market right now but there had already really been a lot of a lot of anxiety coming into this especially after the announcement of the travel ban on europe last state so stocks that are ready really have been under a lot of pressure and this disappointment is this is certainly not helping tell me why why why why has the e. C. B. Not cut. Well were going to hear more about that in the press conference likely from Christine Lagarde but. There is t
But European Central bank takes action against the coronavirus fox investors say its not enough shares go into freefall again will try to find out if e. C. V. Can do anything to stop the spread of a float. And china says the peak of the coronavirus epidemic has passed but asian markets ignore the numbers and the stimulus that governments are throwing at the infection. And it was all a lets do business investors and not liking this the e. C. B. Announcing it will release a batch of cheap loans to help Member States deal with the coronavirus and that it will expand its Bond Buying Program both moves intended to stabilize jittery markets and aid Small Businesses e. C. B. Also says it will ease Capital Requirements for banks in the e. U. To improve liquidity at the governing council led by new president christine the god left Interest Rates unchanged diversion from Central Banks in the u. S. That u. K. Deposit rate was already at a record low of mine is point 5 percent. Well lets have a li
A stay Home Streaming Service you know taken the band for pandemic related content. The global coronavirus death toll has passed 30000 as governments around the world struggle to contain this pandemic and the u. S. More than 124000 people have now tested positive and more than 2100 have died centers for Disease Control is urging residents of new York New Jersey and connecticut to avoid nonessential travel for the next 14 days half of the total number of people who died worldwide came from just 2 countries in europe italy and spain the spanish army has now been asked to transport bodies because undertakers are unable to cope and in china where the pandemic began only 45 new infections have been reported in the last 24 hours all but one of the cases were from people who arrived from overseas chinas preventing nearly all foreigners now from entering the country. Lets go now to the situation in the u. S. A day of president ial mixed signals attending the sailing of a Navy Hospital ship bou
About the condit on exchanges it does not look like a good day now of the markets or are the really taking a beating before the e. C. V. Decision and this really just it was a surprise and a big disappointment for investors they had pretty much across the board been expecting a cut and and the main Interest Rate and the e. C. B. Did not do that so were obviously seeing i shake out in the market right now but there had already really a lot of a lot of anxiety coming into this especially after the announcement of the travel ban on on europe last night so stocks that are really really have been under a lot of pressure and this disappointment its certainly not helping tell me why why why why has the e. C. B. Not cut rates. Well were going to hear more about that in the press conference likely from Christine Lagarde but. There is there is only so much that an Interest Rate cut could do and there are a lot of downsides for the e. C. B. Right now the unlike the Federal Reserve its already hav
A simple message for all countries tears tears tears and in other news the u. S. Led coalition begins pulling out hundreds of troops from bases in iraq. So were starting in malaysia which has rolled out some of the most extreme restrictions after a big spike in coronavirus cases many linked back to a single events it is closing all its borders and says its own citizens cannot leave the country for at least the next 2 weeks malaysias reported more than 300 cases in just the past 2 days the total there now at over 550 in europe the french president among your micron has declared war on the outbreak and is closing its borders from 1100 hours g. M. T. On tuesday which is about 3 hours away and britain the government under a lot of pressure there to toughen its approach its now asking people to avoid nonessential travel and saying dont go out to pubs and clubs and theosis meanwhile u. S. President donald trump has announced a 15 day plan to fight the virus and is urging no social gatherings