Rates. Not want negative the bank of englands own debate with subzero policy continues. Andrew bailey testifies today as the u. K. Chancellor sees a recession unprecedented in scale. 6 00 a. M. In london, 9 00 a. M. In dubai. The global debate on negative rates. Rbnz thatt was the shifted the dial in terms of monetary policy. Only thing i learned is steven major comes and gives me one phrase which is, what the aussies and the kiwis do, bets the global agenda or pushes back on negative rates. I think it will be interesting to see where the fed would be with the ecb. Their rhetoric is shifting further away from the and irp domain nirp domain. Lets see what happens with the bank of england. Nejra you love that phrase and i do remember it well. Absolutely saying that negative rates have got to jump the hurdles. When we heard from powell yesterday as well, where the focus was much more from the take away with him not being so gung ho about talking about fiscal the way he was in the past but
Testify very soon. And boris and settle. U. K. Leader plans to lay out his brexit vision at the conservative conference is overshadowed by his past. Were live in manchester. Manus a very warm welcome to daybreak europe. We are all over the global stories. From the markets, we had the bloomberg scoop, and the United States was considering invoking legislation that would block china from accessing u. S. Equity markets, and that they would stymie the flow of u. S. Capitol china, the pathway, the capital, the keys to growth, the very essence of this story could be a new fork in the road for, lets say, discontent in the trade wars. It would involve 1979 legislation, which jimmy carter used in regard to iran. We will discuss. Weve recouped some of those losses. To the local markets now, the rba. And then new zealand. Defined by steven major, who is out ahead of the two. Is it new zealand or is it australia . The kiwi drops. What you can see is the bid, the kiwi drops, the lowest confidence i
Let us talk about the big themes. One of them is do not mess with my currency. The chinese of course, this is what we have for you. Now areyuan. In breach of this level. And the pc of the said this is it. Back off on the currency. They ratchet up the price of borrowing, up by 3. 8 . Since the highest february. These moments of breach and dollaryuan invoke the invective from the pcbo, ratcheting up. That is putting the cap. That is the message from the g20. The devaluation , or let us say the depreciation of the currency. Exports up for the Third Straight month, imports are searching. Yuan, do not mess for my currency. Nejra is that a look at the risk radar. See what we are watching this morning. Starting of course with global stocks i have the msc. I all country pretty much unchanged, really ahead of the ecb today. And you have the bank of japan coming up later this month and the fed decision. It got quiet and equity markets. Volatility is down. We are seeing those stocks pretty much u
This is countdown to live from london. It is just after 6 00 here in london. We knew that today was good to be all about Central Banks. We thought we would focus more on the ecb. Turns out, we have surprise out of new zealand. The surprise rate cuts from the new zealand bank, what did to the Government Bond twoyear yields, currency falling as a result of the surprising move. Thethe central bank cites Global Economy for doing this, further easing may be needed to meet weakness in the economy. It is ecb day, and we have people focused even more so on that scene. Let us check in on the radar. One central banker decided not to give further stimulus to markets, it was the south korean central bank. The south korean currency is increasing after the bank of korea gave no change to its Interest Rates, against all 31 major peers this morning. At this in on oil prices, at 38. 21 on nymex. But that was after some real strength yesterday, the wdi up by 4. 9 in yesterdays session in new york. And b
Jacinda Ardern slashed negative gearing in NZ. The new government has brought it back - 20-Apr-2024 nzcity.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nzcity.co.nz Daily Mail and Mail on Sunday newspapers.