Watching here, losses to end the week, stoxx 600 down 1. 25 . Of the major european indexes, the ftse is the biggest loser right now, down 2 . Thats because some of the heaviest stocks affected are british trading in london. Hsbc, london shares of royal dutch shell, British American tobacco, bp, all big losers, and they are very heavy, so they weigh on the ftse. It has been a banner week for equities. If you were long this week, you did quite well because we were up the past four trading. Essions it is not taking away the gains you made for the week. You can see the pound rising. This also amplifies losses on the foot. There tends to be inverse correlation between the pound and the ftse 100. And then rollsroyce. This is not the carmaker. That brand owned by bmw. ,ut the jet engine maker already troubled. It was cutting 9000 jobs it announced earlier this week, but now s p has cut rollsroyces longterm Credit Outlook two junk, and the outlook is negative, so rough for rollsroyce. Vonnie
Days, weve seen the dow up over 1,000 points a gain of 553 yesterday and 529 points on tuesday. Looking this morning at the dow futures indicated up another 105 points we are back above 25,000 for the First Time Since march when watching the dow s p is up just under a point the nasdaq down around 54 points both of those indexed were hire yesterday as well. The 10year looks like it has been yielding around where weve been around 0. 677 we will continue to watch this this morning we have a lot of big guests coming up. Now to the moment weve all been waiting for. Joe and andrew, ill send it over to you. What moment would that be well be in a twoshot we are good we spoke yesterday we are good. You didnt have much time. We made the news. A few comments. People seem to have differing opinions he wasnt able to talk much. We were moving on. He had zuckerberg. We dont have time to dwell. Weve been together 10 years longer than many marriages we have our moments but we will disagree but not be d
Rate declining. Japan lifts its emergency measures in tokyo, saying theres no need for further restrictions. Scott morrison addresses the pandemic file that later. He is being told he has a once in a generation chance to reform the australian economy. Consider. S to as we get underway this Tuesday Morning in the asiapacific, keep in mind lots of markets were closed monday including the u. S. The futures, to use that is any guide, we can almost say we are in the asiapacific. We are getting this coming online. Up 30 points clear of where you last traded on the s p back on friday, in terms of the cash market. Spy futures indicating a big pop. On top of the best day on monday. Highs. March 111 philip the board and take a look at the currency markets with ecb in focus and perhaps we are getting signals and some comments from key policymakers, we could get more stimulus, probably on the way. I will be generous. The record low. The aussie offshore rate back in september. There we go in terms
Powell to consult. Recommend people on the call if theyre interested, theres very good book called firefighterring a summary or the crisis and First Responders which gets into n deeply into the individual program. I recommend everybody have a look at over. Ben among other things is a distinguished economic historian, well suited to put this horrible event were experiencing now in context for us. Hell give us a sense today about what will demeanor how deep this recession will be, perhaps how long it will last, how effective the fiscal and Monetary Policy response has been and perhaps what is likely to come, and whether the covid19 recession will leave longlasting scars on the u. S. And the global economy. So ill turn this over right now to ben for his remarks, after which david will pose some questions and then after that some instructions on how the audience members can ask their own questions so many, ben, over to you and thank you for doing this. Thank you, glen. Thank you, everyone
The state of emergency for osaka, kyoto and hyogo. The number of newew infections steadily declining, and the strain on the medical system is easing. Therefore, we will ask experts to evaluate the situation early next week, likely on monday. Y. If thehe situation remains theh same, we may be able to liftt te declclaration for those prefectures. Osaka, kyoto and hyogo met et criteria for the declaration to be lifted. Officials say the prefectures also have sufcient medic supplies and Monitoring Systems in place. People in the area expressed mixed feelings about the move. Translator im a little worried. Theres no guarantee that the number of infected people wont substantially increase Going Forward. T translator the situation here is stabilizing, so i think its about time to revitalize the economy. Officials reported 11 new cases in the capital on thursday, and the daily increase has been on the downward trend. But both he tokyo and kanagawa did not meet the criteria for the say the tate