Europe struggling economy. Monetary stimulus remains necessary to support the economy create coverage and to safeguard the medium term price stability. No warning from the International Air transport association revealed the delivery of any future product or acting will require some careful planning called it the largest single transport challenge ever we have a lot to get here so lets get started. On thursday the European Central bank announced its plan to keep Interest Rates unchanged e. C. B. President Christine Legarde said they are closely monitoring inflation to reach a level close to but below 2 percent we will keep the key e. C. B. Interest rates unchanged. We expect them to remain at their present in lower levels until we have seen the inflation outlook robustly converge to a level sufficiently close to but below 2 percent weve been a projection. And such convergence has been consistently reflected in underlying inflation dynamics this comes as the euro continues to strengthen
Underlying inflation dynamics this comes as the euro continues to strengthen last week it hit a 2 year high following the meeting the euro jumped point 8 percent since march its risen about 11 percent against the u. S. Dollar while a guard also said the bank will continue its purchase under the pandemic bond buying with the lope of 1350000000000. 00 euros the program is set to continue until june of 2021 well that number is expected to increase before the end of the year. Come on the state of this state of the Global Economy we are joined by boone was cohost chrystia and founder and chief Market Strategist of the technical traders dot com chris for me and chris lets start with you although the e. C. B. Decided against any major policy action this thursday analysts theyre still expecting like i said the increase in the total amount of the program before the end of the year how is this recovery actually tracking and will there be any further monetary easing by the e. C. B. Given the rise
A new gold rush is underway and gonna thousands of ill equipped workers off flocking to the gold fields hoping to strike it rich. As. Children otoole in between gold. From me was very poor i thought i was doing my best to get back to school which side will have the strongest appeal. This is boom bust the one business show you cant afford to miss and sam on to fail in washington coming out on thursday to hear cant. Until bank match to discuss europes struggling economy. Monetary stimulus remains necessary to support the economy create culverin and to safeguard medium term price stability. The warning from the International Air transport association revealed the delivery of any future product or actually will require some careful planning call that the largest single transport challenge ever we have a lot to get to with the lets get started. On thursday the European Central bank announced its plan to keep Interest Rates unchanged e. C. B. President Christine Legarde said they are closely
Road map begins with this trade stumble for stocks some lingering china trade concerns plus, ecommerce boom alibabas 24 hour shopping extravaganza breaks its single days record of more than 30 billion in sales and still climbing. And goldman facing an investigation over allegations of sexist credit decisions at app apple card stocks are set to open lower this morning on some dampened expectations surrounding u. S. China trade talks as well now as this escalating violence in hong kong meantime, the s p is in the midst of a five week win streak for the First Time Since march 6 if you look at the nasdaq. It has been a nice ride over the past month. It is so amazing because the some of the bigger runs are companies you would expect no trade deal, we would unravel a lot of the companies that do a lot of business in china it continues to happen one thing i would say is that people seem to care more about the fact that Interest Rates are going up than they care about what is going on in china
Another big tech cap name, hewlettpackard made a big upside move. [closing bell ringing] david the bells are ringing. Mixed picture as we look at the different indexes. Dow jones not able to go into the green. But the s p is there, tracking up a tick. Nasdaq pulled up. Not a huge increase on nasdaq. When you think of the influence of apple on the nasdaq itself, the nasdaq index being hugely influenced by that. Were it not for gains by apple we would have seen negative gains on nasdaq as well but it did show gains. S p flirting with the up and down arrow as we speak. Liz touchandgo moment by moment. Look at dow jones transportation index the transports hitting an alltime high today. The index is a composite of to Big Companies from airlines to railroads to the trucking industry. Some investors follow the dow theory the dow and transports need to move in tandem in order to confirm a market trend. Right now the dow moving higher, dow transports moving higher. The Dow Jones Industrials mov