Smooth provision of credit to the real economy lets go over to frankfurt where Chelsea Delaney is standing by for us our financial correspondent chelsea tell me about the carnage on exchanges it does not look like a good day. No the markets were are really taking a beating before the e. C. V. Decision and this really just it was a surprise and a big disappointment for investors they had pretty much across the board been expecting a cut in the and the main Interest Rate and the e. C. B. Did not do that so were obviously seeing a shake out in the market right now but there had already really been a lot of a lot of anxiety coming into this especially after the announcement of the travel ban on europe last state so stocks that are ready really have been under a lot of pressure and this disappointment is this is certainly not helping tell me why why why why has the e. C. B. Not cut. Well were going to hear more about that in the press conference likely from Christine Lagarde but. There is t
But European Central bank takes action against the coronavirus fox investors say its not enough shares go into freefall again will try to find out if e. C. V. Can do anything to stop the spread of a float. And china says the peak of the coronavirus epidemic has passed but asian markets ignore the numbers and the stimulus that governments are throwing at the infection. And it was all a lets do business investors and not liking this the e. C. B. Announcing it will release a batch of cheap loans to help Member States deal with the coronavirus and that it will expand its Bond Buying Program both moves intended to stabilize jittery markets and aid Small Businesses e. C. B. Also says it will ease Capital Requirements for banks in the e. U. To improve liquidity at the governing council led by new president christine the god left Interest Rates unchanged diversion from Central Banks in the u. S. That u. K. Deposit rate was already at a record low of mine is point 5 percent. Well lets have a li
Host how does this 2 trillion stimulus package, how is it going to help our economy . What can we expect to see . There of bad to be news. All it does is club a whole in the u. S. Economy. Hole in the u. S. Economy. You are going to see shocking Economic Data over the next few months where you might see upwards of a million jobs lost. The stimulus package is a big number. It just prevents a lot of companies from going bust and the stock market from coming under increasing pressure. A lot of the sources i talked to on wall street see this as a down payment for something intentionally larger in the second half of the year just to get the economy accelerated, getting things going well into 2021. Host you are seeing people on wall street and in the Business Community saying they are going to need another stimulus package just to get things back on track. This 2 trillion is not enough . Guest you are right on. That is the reality of it. Marriott, one of the Biggest Hotel chains in business,
About the condit on exchanges it does not look like a good day now of the markets or are the really taking a beating before the e. C. V. Decision and this really just it was a surprise and a big disappointment for investors they had pretty much across the board been expecting a cut and and the main Interest Rate and the e. C. B. Did not do that so were obviously seeing i shake out in the market right now but there had already really a lot of a lot of anxiety coming into this especially after the announcement of the travel ban on on europe last night so stocks that are really really have been under a lot of pressure and this disappointment its certainly not helping tell me why why why why has the e. C. B. Not cut rates. Well were going to hear more about that in the press conference likely from Christine Lagarde but. There is there is only so much that an Interest Rate cut could do and there are a lot of downsides for the e. C. B. Right now the unlike the Federal Reserve its already hav
The left column, a lot of those names in the green. Banking names as well. The rest of the region still seeing a lot of pressure. The split is tilted towards more downside. In terms of the sector groups as well, the similar to what we have seen. Youre getting a lot of upside in names like resources, banks, financials are seeing pressure overall. Down for a sixth straight session. 25 from the peak a couple of eci weeks ago. Yvonne back from the slopes. And back in hong kong. Steve, we have been talking about that pivot from President Trump. Painting a dire outlook on this outbreak in the u. S. Why . Wasell, i hope that he looking at the data and also seeing what other, even local news abilities are doing in the United States, cites and states aswell cities and well those in europe and they are taking this very seriously. And donald trump says it is bad. He repeated that. Its bad, its bad. He said this could last until august or even later. Hes calling it an invisible lining. Yo enemy. Y