Central banks are a primary focus, an seen the initial focus this week. Ecb mario draghi is due to address people in sintra in just a moment well stay tuned for that piece coming up in a short while the Federal Reserve is expected to keep Interest Rates on hold at its twoday policy meeting that begins later today. Invest and economists said there remains a high likelihood of a rate cut later in the year analysts from bank of america, jpmorgan and bmo forecast the cut in September Jpmorgan and bmo said they also expect another move in december. Goldman sachs and citi, they dont agree with the assessment. They say their best case is that the fed will take no action at all in 2019. Theyre calling for a cut in june, so thats tomorrow well see what happens here in europe, the ecb flagged it will postpone any rate hike until the middle of next year. Low inflation has hampered the eurozone in recent years and the central Bank Launched a fresh round to boost the central bank. Annette joins us
Will shortly go on to what is happening at the ecb and what is happening with mario draghi. 0. 3 . An stocks down to a lot of the impetus will be on Central Banks. A lot of the focus will be on bonds. Leading the stoxx 600 lower, looking at oil. Adding to uncertainty over whether production cuts will actually be extended. Lets focus on the future of the euro area. Five years since mario draghi establishes answer to the jackson hole symposium. You that live as it starts. Investors will be watching closely for any hints on how mario draghi might use the toolkit. He will be keen to convince traders can get back to her target of 2 . A target of 2 . Paul, what is the market expecting from them . High in somens are respect. What is priced in, the ecb will move to action. The kind of feeling in the market is that he has got to. Ive a nod thelast ecb meeting market is looking for more. Asically the front end of the market has ced ecb action, a rate cut inflation is collapsing out of control. T
Paul welcome to the journal editorial report. President biden and donald trump secure the delegates needed to clinch their partys nomination setting the stage for the first president ial rematch since 1956, most americans dont want that. Following the state of the Union Address President Biden has been barnstorming battleground states in pennsylvania, georgia, wisconsin, and michigan which were crucial to his victory but polls show the president narrowly trailing donald trump in those states which can he turn that around as the general Election Campaign kicks off . Lets go to doug showing. The initial polling after the State Of The Union suggests the president has not received a bump in his Approval Rating despite the fact so Many Democrats love that speech. Are you surprised . Not surprised. The speech was directed almost exclusively at democrats and to show that his cognitive issues as described by Special Counsel and others are not an issue. He wasnt really trying to change his Appr
weather. things now look and feel very different. beautiful blue skies overhead here in county antrim but some strong wind feeding in wintry showers. we continue to bring wind down all the way from the arctic. cold air stays with us through the next few days. the picture shows this mesh rash of wintry showers along the coast and parts of scotland, those showers still mostly falling at low levels even as snow. elsewhere a mixture of sleet and snow and some showers feeding into some north sea coasts. windy for all of us especially around the coasts, up of us especially around the coasts, up to 50 miles an hour in places. temperatures reading between three and 7 degrees but factoring in the strength of the wind it feels colder than that. during this evening and tonight the wind using a little, we keep some showers going in western and northern parts where there is the risk of some ice. and temperatures dropping away widely below freezing, perhaps down to 8 in parts of the highl
Soaring for a second day, with gme, amc up big following the return to social media, but theyre not the only stocks caught up in this trade. Well hit all of the angles from the charts to the chatter, and the trades and what it says about this market. In fact, thats where we start today. Lets get over to dom chu monitoring the latest moves. Its been crazy now for just in context, to kind of look at the board as were seeing it. We are well off the session highs so far today. Gamestop, 42 to the upside, up 13. 48. Amc entertainment, the other stock out there, up 23 to 6. 42. Blackberry even get caught up in that. Remember, it was part of the derivative ancillary Ripple Effect mean trade back in 2020 and 2021. Its up 9 . And koss up 29 , as well. To put it in context for you, lets look at these charts really quickly. Gamestop over the course to have last year, yes, its a down trend and here has been the big pop. Earlier in the premarket trade, this got up close to 80 per share in the prema