Territory. We will see how long that lasts. A strengthening dollar today and treasuries at around 63 basis points for the 10 year yield. European markets are returning today. The ftse 100 was the only one open on may 1. The rest were closed. We went lower the first thing this morning. The ftse opened and was trading higher, but all of the others lower. Out of the gate as you say, we got a stronger teller today. A big move coming out of the ecb tomorrow sorry, out of the Constitutional Court regarding the ecb. We had some really poor Economic Data out of the manufacturing front in europe as well. The italian 10 year selling off just a touch. Brent crude up by 1. 21 . Climbing init risk europe unbidden mounting economic concerns over u. S. Suggestions that china hid the severity of the covid19 outbreak. A sickly escalating rhetoric, which is being a little bit aggressive towards china. We have a speech from the National Security advisor today which called out china and the suppression of
Balance the top court hears a final arguments to a new power sharing deal. So the search for a Coronavirus Vaccine has been given a massive boost to leaders from the e. U. And other nations have pledged pledged billions of dollars for Research France germany and canada are among the nations that made pledges during an online donors summit norways Prime Minister says its regrettable that the u. S. Was not taking part World Health Organizations director general says just developing a vaccine is not enough. Because to me it is a measure of success and not be how fast we dont bend or to lose it will be how quickly we can distribute them none of us can accept a world in which some people are protected while islands remain exposed this is an open to needy not only to defeat a common enemy but to forge a common future. Lets be not a gentle joins me now from oxford and joe what are we expecting from the said pledging conference. One of the hope is nick that they managed to get together all of
Rates. Not want negative the bank of englands own debate with subzero policy continues. Andrew bailey testifies today as the u. K. Chancellor sees a recession unprecedented in scale. 6 00 a. M. In london, 9 00 a. M. In dubai. The global debate on negative rates. Rbnz thatt was the shifted the dial in terms of monetary policy. Only thing i learned is steven major comes and gives me one phrase which is, what the aussies and the kiwis do, bets the global agenda or pushes back on negative rates. I think it will be interesting to see where the fed would be with the ecb. Their rhetoric is shifting further away from the and irp domain nirp domain. Lets see what happens with the bank of england. Nejra you love that phrase and i do remember it well. Absolutely saying that negative rates have got to jump the hurdles. When we heard from powell yesterday as well, where the focus was much more from the take away with him not being so gung ho about talking about fiscal the way he was in the past but
President rejects chinas sovereignty cleans up to being sworn in for a 2nd time be jean says reunification is inevitable and will with authorities d in such a difficult moment for all the rural areas of our location doesnt count as shop rise in demand for air lifts in brazils Amazon Region as the daily death toll from coronavirus bosses 1000 for the 1st time. Thank you very much for joining us a powerful cyclon has started dumping rain on bangladesh and india as eastern coast in india psycho horn is expected to make landfall within the next few hours with winds of up to 175 Kilometers Per Hour hundreds of thousands of people are being moved to shelters but preparations are complicated as many districts are dealing with coronaVirus Outbreaks people have been asked to maintain social distancing while staying in neighboring bangladesh meanwhile is attempting to evacuate 2200000 people to safety the countrys on its highest level of alert 1200000 Rohingya Refugees in coxs bazar have been as
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