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Going to know where we are tuesday night. Lets call it less than likely. Maybe somebody can disagree with me on that. We will go into wednesday and may go into november to get to a successful outcome. Jonathan that is the risk of this market, and it has been for the last couple of months. The other issue this market is grappling with at the moment is the breakdown of traditional correlations. Last week was brutal for the equity work it the equity market. Youve got no comfort for the bond market. Tom bonds really dont move today. It is a higher yield into the weekend. A less than correlated market. I would note the absolute stasis in strong dollar. Dxy, that blended Company Index against the dollar, 94. 03. That is a strong dollar. Jonathan weve got to talk about the weaker euro over last week as well. The Economic Data in europe set. To get worst. We have manufacturing set to g ....
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 MinisterBoris Johnson has been play to play out ....
Shall carry this is counting the cost on aljazeera or look at the world of business economics this week famines of biblical proportions the coronavirus says and at the Global Economy and supply chains with nations under lockdown so what does it mean for food supplies. From the richest nation where low paid farm workers fear they could be victims of the pandemic to one of the poorest nations zimbabwe and its need for food aid. As italy and spain start the tentative process of lifting the lockdown can the European Union by no lies a trillion plan to revive the economy. From Health Crisis to food prices the coronaviruses of ending the world as we know it United NationsWorld Food Program is warning of ball to p ....