Via the coronavirus, and there is not much of the fed chair can say. Coronavirus is making all the decisions on the economy. Weakersales coming in than expected, actually the weakest since april. The High Frequency we have seen since then suggest the economy is slowing even further into november. The problem of course is there is no help from the fiscal side in washington, no talks about any additional covert relief package. Getting to the end of the year, most of the cares act expires. So people are looking to the fed, particularly people in the markets. They are looking at the yield curve, which has steepened slightly, still under 1 on the 10year, but there is a feeling that if the fed wanted to do something they could start buying at the longer and, changing the weighted average maturity of their purchases. If they did that, push down on Interest Rates. There is a feeling they may do that in december to send a message that we cannot do a whole lot to stimulate the economy but we are
Four days of losses is about to become five. Are down 7. 5 over the previous four days. Cross assets, we look like this. A bid into the bond market briefly in treasuries. It did not stick. It was a treasury market selloff. This morning, it is about yen strength. Dollaryen coming down on 0. 3 . Again. Rude is down 0. 9 mark wheret is that you have these massive producing countries like russia and saudi starting to worry. These are very hard prices to deal with when you try to balance your books. It all comes back to demand. Everything is about demand right now. When you have france and germany going into lockdown, that does not bode well. Euroyen is striking me this morning. I feel that for the first time it is acting like a haven. It is her membrane what it is supposed to do. Jonathan a bit of yen strength. Chancellor merkel giving a wakeup call to her fellow eu leaders. They failed to act quickly stop the pandemic. For more, our western europe managing editor joins us. Walk us through
To the economy. Today my colleagues on the foc and i kept Interest Rates near zero and maintained her sizable asset purchases. These measures along with our strong guidance on Interest Rates on our Balance Sheet will ensure that Monetary Policy will continue to deliver powerful support to the economy until the recovery is complete. The path of the economy continues to depend sidibe drama course of the virus but a resurgence in recent months and covid19 cases hospitalizations and deaths is causing great hardship for millions of americans and displaying on economic and cavities. Following a short rebound of economic at tivoli last summer at the pace of their coverage is moderated in recent months with the week is concentrated in the sectors of the economy most affected by the resurgence of the virus by greater social distancing. Household spending on Services Remain low especially in sectors that require people to gather closely including travel and hospitality. Household spending on goo
Present time to change his behavior. This is al jazeera these are the headlines armenia and azerbaijan have rejected International Calls for talks to end fighting over to speak to the region he has every president says armenian troops must leave nagornokarabakh before any negotiations can begin Bernard Smith has more from armenians capital here of. Were told it was quiet overnight but remains tense of course in the go no cairo back however the Azerbaijani Defense Ministry Says that this morning Armenian Forces shelled a train station in the town of. A civilian was killed in the shelling of this town has been previously talkative we have no confirmation of whats happened because of course regarding that from the armenian side. This is now day 5 since fighting broke out on sunday for nagornokarabakh is the most serious really confrontations that there be since 2016 and there are fears that if it isnt contained it could spiral into an all out war thousands of police writes in force in hon
Women died this week after being gang raped in separate incidents both women were from marginalised Dalat Community adding to the anger the family of one of the victims is accused police of committing her body against their wishes police have imposed emergency laws in her village. The European Union is launching legal action against the u. K. Over its brags it plans a bill going through the British Parliament would violate International Law in relation to trade rules in Northern Ireland this morning the commission has decided to send a letter from a notice to the u. K. Government this is the 1st step in an infringement procedure. To let invite the u. K. Government to send its up to relations within a month. And besides this the commission will continue to work hard towards a full and timely implementation of the Withdrawal Agreement we stand by our commitments the organization that manages the United States election debates says it will make changes to bring order to the remaining 2 co