Eurozone inflation data set to come out in just over an hour ahead of the ecb decision tomorrow. We expect mario draghi to announce fresh stimulus to get closer to that mark of 2 inflation. Francine lets get straight to hans nichols in berlin. What are we expecting . Thed this surprise change way the ecb is thinking . Hans potentially. The expectations are for 0. 2 inflation increase. It would have to surprise considerably on the upside for mario draghi to scale back all the signaling hes done that he will expand the size and scope of quantitative easing. You look at the surveys we have. Expectmber, about 80 the duration to be lengthened. Beyond december 2016, a lot more expect the size of the assets to be purchased. A greater percent expect it to include other types of bonds. Maybe dipping into the state bonds here in germany. Certain point, you may run out of bonds to buy. That has been a concern. Those are the numbers we have going in. It bears mentioning that 0. 2 inflation isnt al
England keeping rates at a record low. 5 , where they had been since march 2009. The division was interesting. The sold a center, he has been the sole dissenter. He has voted for an Interest Rate hike will stop what is interesting, some of the comments in the minutes that accompanied the Interest Rate decision. The bank has domestic spending subdued, overseas demand. The officials within the bank of england say they have a range of views on inflation risks. This is a big one, the Oil Price Drop suggests continued subdued inflation. Interestingly, since the last meeting of the bank of england at the beginning of november, brent crude has sunk i16 percent. That puts downward pressure on inflation which, as you know in the u. K. , is negligible, down to. 1 . The bank has cited in the past and emergingact markets impact as well. Those are the two impacts weighing on the u. K. Economy. The domestic economy is resilient, as shown by the latest gdp data which grew by. 5 . But i think the big
Opening, comparing and switzerland. And theynd is drowning defend their domestic economy this morning. I know jon ferro where is he . Somewhere lost with an important conversation. Francine lost in the outs about about the alps franc. British warplanes will target Islamic State in syria, including oil pumping facilities and emma dumps. Thel recently infrastructure targets have not been hit because of the kurdish ground troops. At the climate talks in paris there is a dispute of who will pick up the tab. Developing nations will receive 100 billion a year. China insists when it comes to Climate Change it is a developing nation itself, so they will not be contributing. India and pakistan have agreed to resume peace talks. The two countries have a disputed border and increased fighting and the region has made it difficult to get talks going again. In washington, congressional negotiators are moving closer to a deal that would make a series of tax breaks permanent. They will heat up talks o
Anna welcome to the program. Manus, its monday morning at 6 00. We need to talk about highball. The cost of borrowing the chinese currency in hong kong has increased the most on record overnight. Those records go back a few years or so. We are seeing the liquidity impact of the fx interventions which are said to have been conducted by the pboc last week. We are seeing the cost of money get more expensive in hong kong. Manus this is all about china, all about concerns. Have we reached a capitulation moment . Are your rates overnight for the yuan in hong kong. Trying to stop the flow of money in terms of the offshore yuan. Lets look at the contagion effect. Coming out byey 9 . Lets have a look at some of the fx boards. 57. 8. Rand trading at macquarrie, a combination of stocks and margin calls. Mass capitulation. The yen advances to its strongest since august. Speculators going net long on the currency. Of korean won at the bottom your screen, a fiveyear low. Anna lets have a look at whe
The United States steven novikoff trump supporter this is where i want to be. And hopefully this is where america wants to be. Scott blumenthal trump supporter so totally on the trump band wagon, so totally against the politically elite, that i just love it. Although these two 16 year olds cannot vote, they came to the rally to what feels to them like history being made. Brandon boniface dillon douglass 16 year olds i want to know my rights, and trump is going to tell me. Like brandon said like after High School Im probably gointo join the marine corp, i want to see what he brings to the table and the country. Trump touched on the issues that have made him famous and infamous at the same time. A wall that will be built by money from mexico keeping Illegal Immigrants out of the United States. His outstanding numbers in the polls. He talked about his opponent ted cruz, who he says cant be president. Trump is he a natural born citizen . I dont know. He talked about his great wealth. Trump