We got a boost from the bank of england a little early around. We will hear from the governor in just a moment. The cable rate, 1. 31. Keep an eye on the critical lines in the sand as we come through tomorrows session. We are starting to see yields a little bit higher here in europe today. A little bit of stabilization may be in the bond market after yesterdays big move, but a much flatter curve. Lets dive into the bank of england decision to boost its bond buying program. 150 billion, a little bit of a surprise. The market was expected 100 billion to be added to the program. Why the bigger number . That was the question i put to the governor. Gov. Bailey i think that was what we learn from our earlier experiences with covid. It is important that we act both quickly and that we act clearly in scale. That was an important consideration for us. The second thing is that we have to meet the inflation target sustainably over time. So a lot of work we did on our forecasts, employing the pers
To the upside. Other news coming through about approvals for future houses as well. The asx up 119 points. Thats move along and look at other Asset Classes. Crude trading yesterday with a 33 handle, hasnt had a huge rally since then. Part of that is down to russia and opec looking like they will not be hiking reduction in january. That news helping to propel oil prices up to over 97 in the last six hours or so. ,old remaining where it was just shy of the 1900 level. Thats ahead of the u. S. Election. The u. S. Dollar index marginally down, the Rate Decision coming expecting a 0. 15 cut in the base rate and we do have in anticipation of all that move slightly higher than that, and thats down to a commodity related currency and the crude price helping that along. Lets head over to new york and join karina mitchell. We start with the latest headlines on the pandemic. Starling fell to its weakest in the month, with an economy already reeling from similar measures earlier this year. France
Good evening from the Athletic Center at the university of massachusetts in boston, im jim lehrer of the news hour on pbs and i welcome you to the first of three 90minute debates between the democratic. Candidate for president , Vice President al gore, and the republican candidate governor george w. Bush of texas. The debates are sponsored by the commission on president ial debates and they will be conducted within formats and rules agreed toby the commission and the two campaigns. Tonight well have the candidates at podiums. No answer to a question can exceed two minutes. Rebuttals are limited to one minute. But as moderator i have the option to followup and extend any particular give and take another three and a half minutes. Even then no single answer can exceed two minutes. The candidates under their rules may not question each other directly. There will be no Opening Statements but each candidate may have up to two minutes for a closing statement. The questions and the subjects we
Looking at chinese data coming out confirming the momentum of the return. We have pmi data. Is a look at the benchmarks we are looking at. Some of the foreign exchanges and commodities. Climb. Ing a massive up 3. 4 . The dollar index is moving up. We have seen this drop alongside the oil prices as well. The dollar is one of those in the crosshairs. Gold is steady. Lets get to new york and have a look at some of the first word news headlines, here is karina mitchell. Coronavirus cases are leading to more lockdowns. Germany, and the u. K. Already increasing but controls. Than. S. Reported more 78,000 new cases over the week and after two Straight Days of National Records. Anger is rising across europe as governments impose new lockdown rules. Officials blocks travel from local regions. There is still no national clampdown. The u. K. Will go into lockdown again later this week while extending wage support for four load furloughed workers. South koreas export led recovery continued last mo
Good evening from the Clark Athletic Center at the university of massachusetts in boston. Im jim lehrer of the news hour on pbs and i welcome you to the debate between the democratic candidate for president , Vice President al gore and the republican candidate, governor george w. Bush of texas. They will be conducted within for th formats agreed to by the two campaigns. No answer to a question can exceed two minutes, rebuttals are limited to one minute. But as moderator, i have the option to follow up and extend any particular give and take 3 1 2 minutes. No single answer can exceed two minutes. The candidates under their may not question each other directly. There will be no Opening Statements but each candidate may have up to two minutes for a closing statement. The questions and the subjects were chosen by me alone. I have told no one from the two campaigns or the commission or anyone else involved what they are. Theres a small audience in the hall tonight. They are not here to part