Just off the highs of the session. Lets have a quick look now at the Canadian Dollar and its performance. You see that bounce there by the u. S. Dollar versus the Canadian Dollar. That is after the bank of canada dropped Interest Rates by 50 basis points. It was anticipated the bank of canada would drop. , and manybasis points strategists saying this was to keep up with the Federal Reserve. You can see the Canadian Dollar 1. 3394. T guy today, the European Union coming out in warning of recession risks both for italy and france. Some speculation as well that italy is weighing shutting universities and schools. 600, we of the stoxx are up around 1 . Around decent volume today, which is worth noting. Netting 64 is where we are currently trading on the german tenyear. We continue to see a bid coming into the bond market. We are waiting up to see whether the bank of england is going to follow the fed. We are waiting to see whether the ecb is going to deliver further monetary stimulus as we
Northern england. Johnson trigger the december 12 snap election after months of deadlock over exit policy in parliament where his tory party did not have a majority. President ial candidate Elizabeth Warren has been given a clean bill of health. Her personal physician says her weight, blood pressure, and cholesterol levels all within normal ranges. The doctors report says her only medical condition is hypothyroidism, for which she takes medication. Her doctors say she follows a healthy diet and exercises regularly. The 70yearold is the only toptier candidate to release medical records so far. Global news 24 hours a day, onair, and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. Im mark crumpton. This is bloomberg. Live from bloomberg World Headquarters in new york, im vonnie quinn. Amanda live in toronto, im amanda lang. We are joined by our bloomberg and Bnn Bloomberg audiences. Governor Stephen Poulos says he will step down once hi
October and joining us now with more details is r. T. Correspondents our month. So welcome to the show so when these meetings today basically who was at the table and did they get anywhere let me start by saying that the meetings are already affecting the market let me show you what the dow did it sunk basically it really took a steep turn this was an unexpected twist of events Chinese Agriculture officials were scheduled technically to visit u. S. Farm states next week including montana but officials cancer just canceled canceled the trip to montana theyre going to return to china sooner than originally planned u. S. Secretary of agriculture sonny perdue confirmed that these meetings were to provide some or to at least have china build good well with the u. S. Farmers talks began on thursday and they were led by there were 30 chinese. Officials who came to washington d. C. Led by the feisty bice finance minister early on when he met with u. S. Deputy u. S. T. R. Jeffrey garish they we
Leaves our global report today as a modi administrations finance minister announces an 8 percent cut in the base Corporate Tax rate the centex stock markets surge and closed up by more than 5 percent after minister some around the im now 20000000000. 00 policy package indias base Corporate Tax rate was cut 30 percent to 22. 00 companies that do not seek Tax Exemptions will qualify for that base rate while those who do will pay a base rate of 25 percent down from the previous 35 Percent Companies that start out between october of this year and march of 2023 will be offered an even lower base rate of 15 percent and while reaction was positive the sudden and dramatic move by the indian policymakers suggest that they saw a weakening in Economic Indicators that call for such a bold action as indian growth reached its 6 year low tax cuts added to a list of stimulus actions for 29000. 00 that already includes 4 Interest Rate cuts by the reserve bank of india. Meanwhile Prime Minister and the
Move by the indian policymakers suggest that they saw a weakening in Economic Indicators that call for such a bold action as indian growth reached at 6 year low tax cuts added to a list of stimulus actions for 21000. 00 that already includes 4 Interest Rate cuts by the reserve bank of india. Meanwhile Prime Minister Narendra Modi of india is headed to the United States for a weeklong visit that will include an appearance with u. S. President donald trump mr modi will address more than 50000. 00 Indian Americans at an event in our in our g. Studio in Houston Texas the events named modi will also be attended by President Trump as a gesture to cement the relationship between the 2 countries during the trip to the u. S. The 2 World Leaders hope to ease trade tensions between their large economies earlier this year the u. S. Had removed certain trade privileges afforded to india saying the country had not properly opened their markets to u. S. Goods the u. S. Hopes india will be. In electro