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
Investors say goodbye to hellofresh which plunges 40 after scrapping the midterm guidance sending shares to the fiveyear low. P and vivendi splits with the media giant after failing to update on the spinoff plans saying it is keeping options open. And u. S. President joe biden lashes out at donald trump in the fiery state of the Union Address and calling on congress to stand up to russia. My message is simple. We will not walk away. We will not bow down. Fr certainly sounds like fir in the belly of President Biden in that state of the Union Address. Not too much fire with the overall markets here in europe if one was to look at the movements. It is just managing to inch higher. It is around the flat line. In the nuance within the stocks is significant to look at here because we have a big movement when it comes to a lot of the stock counters. Ecb has been a key factor to the market movement. Take a look at what has happened from there. The june rate cut is the potential. Madame lagarde
Announcer washington journal continues. Host welcome back. It has been 75 years since the Marshall Plan started. Welcome back to washington journal, its been 75 years since the Marshall Plan started the flow of billions of dollars in usa departments of europe after world war ii. Our guest is ben steele, hes the author of the book the Marshall Plan. Don of the cold war. Hes also senior fellow of economics at the council on Foreign Relations and he joins us from new york city. Ben, welcome to the program. Thank you for having me, amy. So, describe the Economic Conditions of europe right at the end of world war ii and what was at stake, both for europe and for the United States. Conditions were very dire, quite obviously, there were massive destruction, factories, roads, bridges, canals all destroyed around the continent. Most importantly, the inter Gate Division of labor that we count on in developed countries in order to move food from rural areas to urban areas, to move manufactured pr
Annabelle we are counting down to asias major market opens. Paul australias just come online for trade. Traders are looking past a harder than expected u. S. Ppi reading to focus on less hawkish fed commentary. The latest meeting minutes, noting the risks of both over and under tightening. Israel forms an emergency unity government as officials indicate they are preparing for a massive military assault on gaza. Annabelle weve got the open of the asx 200. You can see a very modest gain coming through for aussie stocks. That is a sixth session hi. It follows the gains we saw in the wall street session overnight. What we are watching today essentially is a that story thats come through in treasuries, lower yields, being reflected in the aussie three year, the 10 year. The policy greenback, a little bit firmer aussie greenback, a little bit firm. Traders are taking heed of the dovish views coming through from the fed, expectation around what the fed does next and perhaps we will not see a
Australia. Im paul allen and sidney. Im Annabelle Droulers in hong kong. Good evening, from new york, im shery ahn. The top stories this hour u. S. Stocks extend their rebound for the fourth session with traders looking at a harder than expected ppi reading to focus on less hawkish fed commentary. The fomcs latest meeting meetings, showing officials agree it is time to proceed carefully. Also ahead, israel forms an emergency unity government as officials indicate they are preparing for massive military a massive military assault on gaza. Take a look at how u. S. Futures are coming online in the asian session. A little bit of upside after we saw stocks moving higher in the afternoon session in new york. The s p 500 gaining ground for a fourth consecutive session despite the fact that we got the harder than expected Producer Price inflation reading. We had the atlanta fed president today talking about how the central bank does not necessarily need to keep tightening unless easing inflati