Tomorrow, but the one that really matters will be an 8 30 in 3. 5 hours time in washington, the jobless claims number to show a labor economy in america that really borders on depression. Lotcine we will talk a about the modeling out there and we will look at modeling in europe. Lets get to first word news in new york city with viviana hurtado. Viviana we begin with china, accusing the u. S. Of trying to shift the blame for its own coronavirus outbreak. Beijing responding today to the bloomberg report, china concealed the extent of the problem. Bloomberg has learned the u. S. To community concluded beijing under reported both total cases and deaths. China calling that moral slander. The pentagon is asked to provide as many as 100,000 body bags for potential civilian use. Bloomberg has used the military as has learned that the military has about has learned that the military has about half of that on hand. And more leverage will allow a absorption of lack of liquidity for treasuries, pl
Good afternoon from asia. Im Francine Lacqua in london. Stoxx 600 down. We are expecting more choppy trading on the back of the testimony this week from jay powell. Prospects after we had conflicting signals from the world economy. 1. 12. Ollar coming up, paul the fx calls all the fx calls with david bloom. Tensions between japan and south korea are threatening to wallop much now depends on whether shinzo abe and moon jaein can work out a compromise. A cycle of measures and countermeasures would not be ideal for both countries but if south Korean Companies begin experiencing actual damage, the government would have no choice but to respond as necessary. I hope it does not come to that and we urge japan to withdraw its measures. Greece primenew minister has a new finance minister. One of the first tasks will be to renegotiate. Epstein being held at a Correctional Center in new york as he awaits a bail hearing on charges of sex trafficking and conspiracy. The charges include sex acts 14,
The dax is down some 1 . A little bit of pressure on the stoxx 600, i guess a little bit of concern over the tax overhaul. There is a little bit of pressure on miners. The bloomberg dollar index again, the dollar seems to be pretty steady. I am looking at the pound because of theresa may and there could be some kind of rebellion brewing. We will get our Political Correspondent on that. We talk economics and Monetary Policy with larry hathaway. He is the head of investment solutions. Then, we discuss as it presses we discuss asset prices. Overhaul. The tax we are also just getting some breaking news out of indias central bank. It is maintaining its neutral Monetary Policy stance. I know we will get the chart of for you and i will bring you any breaking news that we have from the rbi of india. Lets get straight to the bloomberg first word news. Nejra donald trump will formally declare jerusalem to be israels capital and direct the state department to start the process of moving the Ameri
Required give and take on both sides. I believe that the joint report being published is in the best interest of the whole of the uk. European banks rally as global supervisors finally sign off on agreements ten years in the making the chair of the Basil Committee says the compromise reached was worth that long struggle it was not so easy to get to the number 72. 5, but give than we do have a compromise, everybody has signed off everybody is prepared to implement it in this particular way. A shutdown averted for now President Trump will sign a shortterm funding bill to keep the u. S. Government in motion for another two weeks as the search continues for a political compromise a positive start across europe this morning. The stoxx 600 up 0. 4 . A lot of green on that board alo lot of that driven by marke sentiment about these votes. We can see that the ftse is up nearly 0. 2 . The xetra dax strong start to the day, up more than 1 the cac up in 0. 3 the ftse mib up more than 1 lets look
Eurodollar. We are seeing a little bit more of dollar strength. We did hear from the European Central bank. One of its Board Members saying it should adjust its policy guide before the summer. It shouldnt have any problems in the inside of the asset purchases. Thats got the moves a little bit jittery. Its having an impact on eurodollar. Seeing a little bit of movement on those german bonds. , we have information from trumps first year. Later on, we get a view on trade in the global economy. Still to come, jim oneill. He talks emerging markets. To the firstaight word news. Nejra brent crude has gone through 70 for the first time in three years. Closing level yesterday. Hedge funds hit bullish bests. A view that opec and its partners will end their supply cuts early is spreading. All predicting a wind that will start from the middle of the year. Offeringgovernment is a proposal to bring on the taps. According to three people with knowledge, they are considering a plan to raise expenditur