Rates on hold at one quarter of 1 . The rbnz saying they are going to be they are committed to reviewing their quantitative easing program. The policy committee reached consensus on this decision. They are saying they are prepared to provide additional stimulus as is necessary. All the economists we talked to the benchmark Interest Rate in new zealand staying on one quarter of 1 . Little to no reaction on the new zealand daughter new Zealand Dollar. 64 u. S. Cents. Tom lets get some of the views from our guests at the bloomberg summit. Sharing their views on the prospects of a recovery from the pandemic. I do not think anybody can be confident with the kind of uncertainties that prevail. I would put say is my odds on a v shaped recovery. How we are going to share the burden in a credible way. It is not just financial and fiscal support. It is also regulatory charges we have undertaken to support the economy. As recently as early april, i saw china could only i thought china could only
Of that. And in terms of the month on month number we are looking at a 16 jump. So a decent recovery in the Housing Market. It is starting to show signs of life again. We will talk more detail about what is happening in the Housing Market, in terms of construction in the united states, all in a moment. Alix the Richmond Fed Manufacturing index at zero. Could not imagine a world where that would be good news. Coming up onlking what is happening in the Trump Administration and how the markets need to look at midnight tweets coming from the president. Libby cantrell from pimco will be here. And we will break down the housing data a little more closely now with taylor richardson. With nela richardson. You are an expert in housing, so where are we in the Housing Market in terms of a recovery . Nela i think that the Housing Market is holding up pretty well. We might see a great social experiment, now that many of us are working from home. Even as new listings have been pulled out of the mark
Several u. S. States report record numbers of cases. States reconsider plans to open. To data inadds australia. Shery lets get started with how u. S. Futures are kicking off trading. We are seeing them down. 1 after u. S. Stocks ended in positive territory but off session highs. We have speculation congress will seek additional stimulus. We also have some positive manufacturing data, although not in expansion territory as of yet. The s p 500 finished at the highest level in almost two weeks. Consumer discretionary and tech lead the gains, and the nasdaq composite again finishing at an alltime high. Eight sessions of gains boosted by apple and amazon as well. The dollar declined among most g10 are his. We did get that positive economic data. Improvements not only in the u. S. But also the euro area. Take a look at what oil is doing at the moment. We are seeing wti falling toward 40 a barrel, under pressure right now, really falling from that threemonth high ahead of a release of a key u
Weapons from europeans, from ukraine, soldiers, the main beneficiaries of the ukrainian conflict, the United States, intend to finally lose the time of the loss of this war, whether zelensky will remain at the helm will depend on them, expert opinion. And the records of belarusianrussian trade turnover and transition from import substitution to technological sovereignty. The Union Economy is in the spotlight of experts from the talk show economic environment. Right after us. My colleagues will complete the picture of the day. A little more and we will meet cosmonaut Marina Vasilevskaya in the kazakhstan steppe. Our film crew is already working in karaganda about space and not just reporting. Cooperation, security, development. The prospects for Shanghai Organization and cooperation discussed the uprising. Fallen trees, power outages, torn off roofs and even collapse of part of a wall in a residential building. The weather in belarus has shown its winter character. Most of all, the cons
Banking, payment, accounting, and financial infrastructures. The work was enormous. And here i must take off my hat to the exceptional dedication of the staff working in d. C. Then we had the asian crisis. It was a very different kind of episode. We had Central Banks there. They were severely tested in the affected countries. We had a few false starts in some cases. You may remember them pretty well. Also, decisive stabilization measures. More important probably are the lessons which were learned from them, by them and by the imf, in that occasion. One was that financial vulnerabilities can even be when macroeconomic fundamentals appear sound. This was the surprise of that moment, one of them. Another was that the risk from large and volatile capital flows create larger Foreign Exchange offers. We had some difficulty in convincing our membership that you had to add a zero to the numbers of our loans in several countries. We had some problems with that, but we did it. Then we had the ch