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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 ....
About 8, 9 days ago. In intensive care units for a couple of days and then he gave a press conference two days ago where he seemed more emotional than usual saying it could have gone either way and he really thanked nhs staff he said were by his bedside 24 hours a day. When you look at the response of the u. K. Compared to other countries, certainly in europe, it has been quite different. The Prime Minister many times has had to do a uturn on what he initially talked about, which was a herd immunity and then he said he would not close schools that they are closed. Theres a lot of speculation going around about what they will do next, whether they will extend the lockdown but also make the lockdown that much harder. Tom we will continue our discussion on this today. We will be speaking to nursing professionals at the Johns Hopkins university. Right now with our news in new york ....
Daybreak asia. Thisr top stories wednesday, new questions about President Trumps many deal that says chinas higher purchases of agricultural goods depend on a reduction in u. S. Tariffs. The imf cuts its outlook for the fourth straight time. And sterling reaches a new high on high optimism about a new brexit deal. Shery breaking news out of south korea. The jobless rate ticked up to 3. 4 in september. The estimate was to gain from 3. 1 , so the Unemployment Rate higher than expected. We have seen weakness in the private sector, south korea very exposed to trade tensions and slowing global demand, although we have seen passage of that extra budget in august, which could provide support for labor markets, but so far september unemployment at three point 4 . Australian markets just open. Lets turn to sophie. Sophie. Sophie sherri, shares in sydney are breaking ground, advanc ....
And inflation hopes are fading fast. Then President Trump steps up his attack on his potential election rival joe biden, calling on china to launch an investigation. Later, apple made a pricey gamble on the iphone 11 camera as more people get their hands on the device, we will ask if the gamble has paid off, but first, lets get you a quick check of how markets are trading at the moment. We are seeing u. S. Futures currently unchanged at the moment. It is still early in the session, but this, of course, coming after the s p 500 rose the most in a month. We are talking. 8 gain for the s p 500 as we had Week Services sector numbers, the weakest weve seen in about three years. That, of course, sort of raised odds the fed could be moving, and that led to investors pricing and more rate cuts. The dow gaining 122 points, and the nasdaq leading those gains with gains of more than 1 . ....