The world of politics or business im showbusiness ill see that. This is boom bust the one business show you cant afford to miss and washington coming up markets across the globe have been taking a beating this week as renewed fears of a 2nd coronavirus wave and dimming optimism are dampening hopes of a v. Shaped recovery plus we take a look at how gold is fairing amid these Turbulent Times in which nations have moved to boost their gold stockpiles and the demand for oil has slumped in recent months but what has been the impact on the industry we have a fact show today so lets dive right in. And we will leave the program taking a look at how Global Markets fared this week as the possibility of a 2nd wave of the corona Virus Outbreak in the u. S. Has affected Investor Sentiment there are a lot of red arrows out there so lets take you through the week starting in russia the mo x. Is in the red on its short week down 1. 75 percent the ruble fell from 14 week highs against the dollar on thu
Lets dive right in. And we leave the program taking a look at how Global Markets fared this week as the possibility of a 2nd wave of the corona Virus Outbreak in the u. S. Has affected Investor Sentiment there are a lot of red arrows out there so lets take you through the week starting in russia the mo x. Is in the red on its short week down 1. 75 percent the ruble fell from 14 week highs against the dollar on thursday retreating still losing more than 2 percent on the day as Oil Prices Also fell lets move to asia where the shanghai composite is just slightly down for the week closing the week nearly flat this following a huge loss on wall street on fears of a 2nd wave of coronavirus case in the u. S. As we just mentioned in hong kong the hang seng is also down for the week following similar trends over concerns of copa 19 and the Federal Reserve announced a great will stay put at near 0 until 2022 now the index fell 2. 3 percent at one point on friday alone following a 7 session rally
Us over time significantly closer to what i have called the pre covid inflation path while allowing us to monitor how some Key Developments unfold. Taking off british carriers hitting the top of the stoxx 600 as signs point to a recovery in the industry. Oil prices rising on the news opec and allies will meet tomorrow in a signal there may be consensus onextending outpu cuts a warm welcome. We are waking up a day after the ecb meeting. Lets look at some of the Market Reaction to the meeting. The euro has climbed to a threemonth high while italian bond yield on the back of the decision to ramp up the stimulus plan the euro trading about 11 basis points higher to 11347. The ecb will double its Bond Purchasing Program to 1. 25 trillion euros the ecb president Christine Lagarde ses they still face a contraction of 7 this year. They dont expect inflation to rise leaving it far below the 2 target she said she hoped the boosted bond buying will steer inflation back to pre covid levels collect
Which is her base of operations on Lafayette Park but as we are all working from home and joined you in your home, were trying out this new mode of communications that is perfectly fitting with our historic mission. As all of you know we were founded in 1961 by first Lady Jacqueline kennedy who had the vision at such a young age in such a short period of time as first lady to create an organization like the White House Historical association to give nonprofit, nonpartisan support to the work of maintaining the Museum Standard of the white house, but also in Education Mission to teach and to tell the stories of the white house and its history going back to 7092 when George Washington who were talking about today actually selected that piece of land and hired a young irish architect to build the white house. Creating education materials and content is a a core part of our mission, and thats what we do everyday through the wonderful, wonderful books that we publish, our programs that we h
In your home, we are trying out this new mode of communications. But its perfectly fitting with our historic mission. As all of you know, we were founded in 1961 i first Lady Jacqueline kennedy who had the vision at such a young age in such a short bit of time as first lady to create an organization like the White House Historical association to get nonprofit, nonpartisan support to the work of maintaining the standard of the white house but also an education mission, to teach at to tell the stories of the white house and its history going back to 1792 when George Washington who we are talking about today actually selected that piece of land and hired a young irish architect to build the white house. Creating educational materials and content is a core part of her mission and thats what we do every day through the wonderful books that we publish, our programs that we host at the cater house and around the country, and our online social media content and website content. And this is an