Combine creating the u. K. s biggest internet and phone operator. And decision at don. The bank of england makes a rare earlymorning rate announcement imminently. We will speak to governor bailey leader on today about that decision, but a mission to china. The who considers investigating the source of the coronavirus as britain prepares to ease parts of its nationwide lockdown. Just under an hour away from the start of cash equity trading across europe. Lets take a look at where futures are trading. Actually, are we getting bank of england headlines now . Are. Yes, we bank of england votes unanimously to maintain its benchmark Interest Rate, to keep it unchanged at 0. 1 . No change in the kiwi program and no change in the Interest Rate. The pound is Holding Steady against the u. S. Dollar as a way there had been increased volatility in the pound heading into the decision. We are also getting a lot of indecision over how the expectations for how the coronavirus will hit the u. K. Voted
Weaker as you have no agreement over finance chiefs on what to do over the crisis. Russia doesnt think a 2 million barrel a day cut is enough to get anyone to the table. In the bond market, 17 billion worth of supply coming online at about 1 00 today. It is time for todays market moving news from our london and new york offices. European Union Finance ministers now failing to reach a deal on a unified strategy combat the economic damage of the coronavirus. Germanys finance minister olaf scholz did give a press conference shortly after talks ended. I think it is absolutely clear that the recovery of great will be a very activity. We have to organize together. As anyone knows, i think it is absolute possible to do this within the framework we already have. Alix bloombergs Michael Mckee joins us now. I couldnt believe it, but i could believe it this morning when i woke up and saw they could not agree, and it was north and south. Michael it seems that way to a lot of people. Talk is cheap.
Up financial loans looking to extend the lockdown to may. Germany announces plans to let small shops reopen next week translator what we have achieved is an interim success no more. No less. I emphasize that it is a frag ill interim success this is an emergency like no other. She warns we could get further economic weakness if this virus takes a double trip around the world. The fund saying asian growth will grind to a stand still this year a look at the european stock market we are now into the trading session. Weve warmed up. The market is in much of the green. What we saw was a reversal of fortunes to the tune of 3. 25 fairly decent selling for the german stock market. These markets also bouncing. Investors still weighing on very negative data. Youve got a glow from the United States to markets well weather retail pressure. The ftse in italy holding on to the strongest gains 2. 3 higher and down about 4. 8 pes recovering about half of that territory. The French Market 1. 1 weve been
Call it. Netflix yesterday closing at an alltime record high. Oil a little higher as well, but still around an 18 year low. Still brutal for the market. Just checking in one more time they comec had before out. Time now for bloomberg first take. Here to discuss from our inhouse team of wall street veterans and insiders, michael mckee, and Damian Sassower. Mike, we know that jobless claims are going to be bad. We dont know how bad. I think the question is, how do markets actually respond to this, when sometimes they want to respond to bad data, sometimes they dont . Michael im not even going to go there. Yesterday we had dismal numbers on industrial and retail sales. We thought they were priced in, but apparently they werent. Youve got to wonder if weve priced in jobless claims because weve talked about it so much over the past three weeks, but we are expecting 5,500,000 as a consensus. If you get that number or even a little bit below it, we will have wiped out in one month all of the
You are in the world. Welcome to bloomberg surveillance. We changed hours in europe to get an extra hour. Ill be joined by tom keene in one hour. Weve had a couple incredible weeks on the markets, a lot of volatility, a lot of people working from home. Good morning to you, as well. European and asian stocks declining this monday. U. S. Equity features are pretty fluctuating, investors trying to figure out negative coronavirus news means against the stimulus measures that trigger the balance in risk assets last week, dollar getting, oil falling desk gaining, or will dollar gaining, oil falling. Lets get to blooming first word news. Is viviana hurtado. At his President Trump goal of a normal life by easter. He wants the public to practice social distancing until the end of april. Earlier, Top White House advisor dr. Fauci telling cnn as many as 200,000 americans could die if efforts to mitigate the spread of the virus on to successful. Arent successful. Secretary mnuchin wants to have op