We have the Semiconductor Equipment index up on upgrades from the street. Upertheless, the s p is only 1 10 of 1 . The 10 year yield at 2. 03 . I know we are going to be sticking with markets. A lot to talk about today because we are smack bang in the middle of a earnings season, but there is the whole backdrop of the Central Banks and their moves as well. Forill speak to mervyn king a very interesting conversation in the last half of this hour. Theres fed talk, European Central bank later this week. It is happening on all fronts right now. Guy lets get a take on that. Alberto gallo joins us now from algebris to give us his take this morning. What are we going to bid from what are we going to get from the ecb this week . Are they going to deliver, or talk about delivering this week . Alberto they are going to talk about it, and potentially a rate cut which may come in september, and then an extension of duration of qe. Buying longer dated bonds and more of each single bond, moving from
To stop her exposing him as an abuser has been jailed for life. 17 people injured after vehicles collide with spectators at a meeting of car enthusiasts. At the open, irelands shane lowry is back in contention at the top of leaderboard. And disneys remake of the lion king hits cinemas this week find out what mark kermode makes of it in the film review. He good evening its 5 oclock, im jane hill our main story hill our main story hundreds of thousands of Public Sector workers are set to get a pay rise above the rate of inflation. The treasury is expected to confirm the details on monday, but reports suggest that those in line for an increase include the armed forces, police in england and wales, and teachers in england. The pay award represents one of theresa mays last Big Decisions as Prime Minister though labour have dismissed the increases as insulting. Our Political Correspondent iain watson reports. Public sector unions have campaigned against pay caps and for higher wages during t
Used to be a sales hit in the European Union but with new imports due to use market share in the e. U. Is tumbling. I want to get jones welcome to your business and were starting with news from south korea which has just cut its key Interest Rate for the 1st time in 3 years the governor of the bank of korea said he know what the key Interest Rate by a quarter percentage point to 1. 50 the decision came amid a brewing trade conflict with japan over its colonial past on the Korean Peninsula tokyo had put curbs on certain materials that south korean High Tech Companies need to produce smartphones and t. V. Sets. But its also far from plain sailing in japan figures theyre just our show exports dropped 6. 8 percent in june analysts attribute the poor figures to disruption caused by global trade conflicts a slowdown in chinese growth and low Business Confidence the latest sluggish export figures have prompted speculation that the bank of japan could be preparing to introduce new stimulus mea
A surprise today experts thought that this would most likely happen later this year we are learning that Interest Rates will be lowered from 1. 75 to the level of only 1. 5 percent this is the 1st time this is happening after since 3 years that the south Korean Central Bank is making a decision like that and it said that they have to decide to do so in order to help the economy to recover a little bit of growth expectations have been declining there and also the inflation rate is lower than expected it is believed that you g. D. P. Growth of south korea will be only a fall off a level of 2. 2 percent this will be the slowest growth in the country since more than a decade and south korea is just like germany a very export oriented country while this is happening the Monetary Fund the i. M. F. Has warned that global trade is slowing and it is urging countries to avoid further conflicts and weve got a very interesting statement from the i. M. F. Chief economist lets listen in. This years
Are quite a surprise today experts thought that this would most likely happen later this year we are learning that Interest Rates will be lowered from 1. 75 to a level of only 1. 5 percent this is the 1st time this is happening for since 3 years that the south Korean Central Bank is making a decision like that and it said that they have to decide to do so in order to help the economy to recover a little bit of growth expectations have been declining there and also the inflation rate is lower than expected it is believed that it g. D. P. Growth of south korea will be only a fall off a level of 2. 2 percent this will be the slowest growth in the country since more than a decade and south korea is just like germany every export oriented country while this is happening the Monetary Fund the i. M. F. Has one that global trade is slowing and it is urging countries to avoid further conflicts and weve got a very interesting statement from the i. M. F. Chief economist lets listen in. This years