Holding fire today after two emergency cuts, futures point lower. The economic cost. Larry kudlow says the jobless claims figures today will show a very big increase. Bonusese, wall street could be cut by 40 this year. Just under an hour away from the start of cash equity trading in europe, lets take a look at futures. After two days of backtoback , we did have a record jump on a lot of indexes the day before yesterday. That was bolstered by another gain. Futures are down by 2. 5 . Take a look at futures in the u. S. This morning, we had a mixed picture. Now it is turning red across the board. Futures globally turning lower as we get closer and closer to the european open. The u. S. Senate has passed a record 2 trillion Coronavirus Relief package. The approval comes after both parties moved past a lastminute dispute over Unemployment Benefits for lowwage workers. The onus is now in the democratic led house to pass the bill quickly and send it to President Trump for his signature. Joini
December 15 for tariffs. A lot of focus is on the next 48 hours, we have an important poll for u. K. Elections that happen on thursday. Two days of campaigning left her leaders and two days of possible market movement. Conservatives have a clear majority over the labour party he read the japanese 10 year yield did touch 0 . Coming up on bloomberg surveillance, do not miss our exclusive information with Philipp Hildebrand from blackrock. Days ahead of the u. K. Election, Health Service funding , that brought an awkward encounter for Boris Johnson and a reporter. The Prime Minister confronted with a picture of a sick child forced to sleep on the floor of a hospital because of a bed shortage. Johnsons conservatives are 12 points ahead of the opposition labor party. The saudi arabia is embarking on three years of spending cuts as the Government Faces a widening deficit. A Fiscal Program marking a shift away from the stimulus helped power nonoil Economic Growth with opec output a drag on ex
Mark welcome to surveillance, im mark barton in london. The stoxx 600 is up by 0. 9 , rising for the fourth day in five, contract for the best week since december, 2016. The european gains surging 2. 8 . Year, coming. S. 10 down today, breaking below 2. 9 , is where we are today. We closed above 2. 9 percent yesterday, the highest level since december 2014. Today, export and import data. Spot indexrg dollar is lower today by about 0. 25 . Sincee lowest level december 2014. A growing number of economists forecast the fed will step up the pace of rate increases. The u. S. Twin deficit becoming a likely catalyst for a new wave of dollars selling after a brief respite, i say a brief respite in february. This is coming up on surveillance today. We talk with the chief executive of metro bank. Withr, we talk the 10 year ylagos. Mateos taylor riggs joins us from new york. Reporter the u. S. Senate has blocked four immigration proposals, leaving a bitter impasse over how to protect 1. 8 million
Francine welcome to the pulse or call the pulse. Super thursday has been dubbed the thursday of the year. The bank of england is said to publish a slew of data. The boe decision minute of it meeting are being released at lunchtime as the governor mark carney works to improve transparency. In this torrent of data, how many members are we expecting to call for an Interest Rate hike . That is the big question. The majority of economists do expect a split in the vote. There are nine members. 19 of the 20 economists surveyed by bloomberg expect if it expect a split. More than half expect to members to vote for decision. We have seen some vote for tighter policy, they dropped that in january when they all inflation fall. They will be closely watching to see of any others vote. Francine the strength of the currency is also compensating things for the governor. Absolutely. This is a tight rope he will have to walk as he delivers his press conference. The pound in the past month has been streng
The future for the banking world and the political escape. The exclusive conversation at 9 30 a. M. London time. In the meantime, lets check on your markets. This is what i am seeing. A lot of the talk will be on burberry after the company put out an announcement that maybe was interpreted in the markets. They didnt see anything worth buying the stock. It is down here in europe. The european stocks taking their cue from quite a volatile session in asian markets. The dollar flat. Treasuries flat as trump challenges china over unfair trade practices. Ere is nejra cehic nejra in the u. S. , republicans on the house ways and Means Committee ames to aims to release their tax reform bill later today. Speaking exclusively to bloomberg, Steve Mnuchin stressed how crucial getting tax reform through is to the white house. This is the president s most important domestic agenda item. We are going to get this passed. The objective is to get it to the president s desk in december. Nejra the uks gove