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Transcripts For BBCNEWS The Context with Christian Fraser 20240707



welcome to the programme. amid the turmoil in uk markets this week, the chancellor met the us banks today and was told in no uncertain terms that his budget which he has planned for november is way too far away . the government needs to communicate much sooner, said the banks, on what the solution will be to the problem the city believes they created. it has been another chaotic day on the markets. this morning, the bank of england performed a screeching u turn, putting the brakes on its plan to sell government bonds and instead launching a new scheme to buy them. think of it as a form of digital money printing. the bank is creating funds to to buy bonds which the government issues to borrow money. and this is why. since the mini budget, the cost of government borrowing long term has shot up. it was spiralling above 5%. that s a 20 year high. we have seen rises in the last two days that would normally take years. the bank of england is buying up the debt, in essence cr ....

Bank Of England , Bond Markets , Christian Fraser , Bbc News , Storm Surge , Hurricane Ian Lands , Pension Funds , Tornado Warnings , Tourist Hotspots , Nord Stream Gas Pipelines , Secretary Of State , Scottish Labour Party , Leaderjim Murphy , Rina Shah , Gordon Brown , Banks Today , Fix It , Government Bonds , Money Printing , Screeching U Turn , Bonds May , Mini Budget , Interest Rates , Stephanie Flanders , Andrew Griffith , Ukraine Cascading ,

Transcripts For BLOOMBERG Bloomberg Markets Middle East 20171001

Help Small Businesses and farmers. It is 8 00 a. M. In dubai, 5 00 a. M. In london. Im tracy alloway, this is Bloomberg Mark this is berg markets middle east. It was a dramatic end to the corner, with a sharp uprise move in the u. S. 10 year yield. It ended the carter at 2. 33 . When we started, it ended the quarter at 2. 33 . It started at 2. 2 . The dollar resurging after months of weaknesses. Fdxlly, u. S. Stocks continuing to rally. In the fourth quarter, we have a number of big events that coming up, including the 19th National Communist Party in china. Before them, lets take a look at how u. S. Markets fared on friday. We did see interesting moves. The nasdaq composite and russell records onreaching friday, after a report that donald trump and treasury secretary
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