Well despite the fact that we speculative trading should be curved up, well see how yum china is doing but a muted debut so far here in the city. We are expecting a Bank Decision highly expected to stay on hold here today. Also with the ecb as well. Watching the euro very closely. Did gain yesterday on the back of a report that some ecb officials having a little more confidence in the recovery from this pandemic ahead of its policy meeting. Theyre likely to hold. Well see what they say about the strength of the currency. 118 for the zero dollar. Pound still under pressure here. Things like the seems like the e. U. May be take manager Legal Proceedings or measures here to stop the withdrawal from this deal that Prime Minister Boris Johnson has been play to play out here. Your indonesia rupia as well. Recovering a bit on concerns about the Central Banks independence. Government think ceying it was opposed to the plan of a monetary board being set up at b. Y. Well dig deep beer shah in a
The cash trade here in europe is less than an hour away. Lets get your top headlines. Softbank plummets on reports it made big bets on derivatives linked to u. S. Tech. A selloff looks set to continue, although u. S. Stocks are shut today for the labor day holiday. Johnson plays hardball. U. K. Officials say britain is not scared of walking away from brexit negotiations emptyhanded. Talks restart on that note in london this week. And cracks in the pipeline. Germanys board member former minister links nord stream 2 to the poisoning of alexey navalny. We are less than an hour away from the start of european trading. There will be no u. S. Equities trade today. You can see european futures are gaining. We are getting more german data out now, economic data. Up 1. 2 . Strial output the estimate was for a gain of 4. 5 percent, so a mess in terms of Industrial Production so a miss in terms of Industrial Production. Yearoveryear, there was a drop. The actual drop was 10 . The estimate had bee
With malan for another year. [laughter] i know youve missed me. Everyone has been saying youve been crying every sickle morning. Tom this has been something, folks. Theres a lot going on in europe, who will be great to have jon in london for a bit to keep track of things. Just to go away from jobs, away from all the news flow we got, i mentioned this to anna edwards, i am thunderstruck by the tone barnier on of mr. A United Kingdom that is not even responding. Has brexit fallen off the United Kingdom at . Jonathan can we agree on one thing . Just because i am here, i am not the brexit correspondent. I still have very little interest in that debate. I also want to talk about this market. I think theres been two down days the whole time. Tom absolutely. We have seen a paring back here. Pause, andis just a i think theres a lot of buzz out there right now about the lack of liquidity and people hedging along the way, creating an acceleration ever higher. That will be tested in the coming da
Weve seen the dow and triple gains. S p in positive territory too. Down 22 points, s p futures are off by four. Yesterday was a good day for the markets. You had the nasdaq wed been watching closely was a big outperformer gain of 293 points the first day out of the last four both the nasdaq and s p have been in positive territory. Those three days before that give you something to worry about . Futures had been higher. Down a lot but come off the highs in the session looking at the treasury market where the 10year stands right now. Just below 0. 7 . Oil prices which really fluctuated and sold off sharply. This morning are down again. Wti off 1. 5 andrew thanks, becky a couple big stories to talk about. The senate set to vote on that slimmed down relief bill today talks between the white house and House Democrats and a report that President Trump may step in with more executive actions to try and fill the gap if something doesnt get done joe . There are other places in the world too. We
Benchmark Interest Rate at 0. 25 . That is expected. We had the debt maintaining it will continue with the policy of 0. 25 for the beginning of next year. They are maintaining the benchmark Interest Rate. This meeting coming after four new cases ending new zealands 100 today virus free run. Perhaps more later on. Auckland back in lockdown. A lot were surprised about the resilience of the economy. They have to weigh the global risks, as well. The qe purchases are interesting, as well. Most werethey have to weigh thel a bit historic pick for joe biden, the first africanamerican. Pick for Vice President. And the first asianamerican. And some say it will help propel joe biden to the white house. Lets bring in Jodi Schneider to talk more about this decision. It seems this was a no surprise pick from joe biden. What does it tell us about the Democratic Party . First of all, joe biden said he would pick a woman, so thats not a surprise for his Vice President ial running mate. It was thought h