Find it legitimate that these Companies Pay their taxes. European markets trade mostly lower as a surge in cases in oklahoma and beijings flight ban fear a second wave of the virus. Wire card shares trade near the bottom the publication of the german groups numbers are delayed three times. The bank of england is expected to expand its bond buying plans now saying they are, quote, under active review. A warm welcome to street signs. French finance minister has hit back at a u. S. Decision to walk away from digital tax talks. The mayor called the u. S. Decision a provocation and said the tax itself was a form of justice. Translator we have received with my spanish, italian and british counterparts, a letter from Steven Mnuchin stating that they dont want to continue negative oceanition at the oacd on digital tax this is a provocation to all the partners we were just a bit away from reaching an agreement on a tax a provocation against all at the oacd and all citizens in the world that fin
Bloomberg surveillance, im Francine Lacqua in london. There is movement on the pound because what we heard from the boe. It has been absolutely amazing trying to figure out exactly the premise at which mr. Bailey is expecting the economy to do. We understand the bank of england is expanding stimulus as soon as next month to help the battered u. K. Economy. He once again reiterated that there is an unwavering pledge, which basically means that the market is taking it as further boe action possibly being imminent. Set and of england will asked if necessary to deliver the monetary and Financial Stability to deliver longterm Financial Stability. We are speaking to governor bailey later on. Know whether that means we have negative rates next, but certainly to have an impact on euro. I thing we have a data board for you. Is an actionfilled Currency Central Bank kind of day as we also heard of a lowered benchmark rate from norges bank. Lets get straight to the bloomberg first word news. Top t
Lagarde,at, christine madame gore gave a of the International Monetary fund, and your conversation with Andrew Bailey. Francine if you distill what we are trying to do, there are three main questions what kind of recovery and recession will be get, the inflationary versus deflationary debate, and the economic scarring. We will try to do that with the bank of england and the imf, touching on what countries may need support in the future. Christine lagarde also extremely interesting because it will be the first time we hear from her since the German Court Decision so we will hear from her about the legality or not about what they did. Tom the complexities of this German Court Decision, George Saravelos out with a blistering note, wondering even if the ecb will respond to the german court. We respond to our first word news. U. S. And china trade negotiators will speak as soon as next week to try to make progress in implementing a phase one deal, President Trump threatening to terminate th
Nonresident entry. D. C. Ndc takes action and d. C. Takes action, fiscal support over the virus source to 1. 9 trillion. The fed steps in to support money market mutual funds. This is bloomberg surveillance. Im taylor riggs, stepping in for tom keene in new york. Francine lacqua joining us from london shortly. We want to bring you the breaking as well. In the meantime, an update on the bloomberg we will get the mark out of there for german business confidence, coming in at about 87. 7. You are seeing continued relief here into the ecb. Translating over to a gain for some of the european stocks. In the meantime, i want to get a check on the bloomberg first word news with viviana hurtado. Viviana we begin with the Senate Passing the major the second major Coronavirus Relief bill, President Trump signing it provides paid sick leave and financial help for testing. Lawmakers are rushing to come up with phase three. That is a comprehensive rescue plan that tops 1. 3 trillion dollars that tay
Lets look at these markets and our into the european trading day. Stoxx 600 in europe up by. 1 . And even start to the trading day. Evenly divided winners and losers on the European Equity markets. Lacking any direction. Into the u. S. , also lacking direction. We have seen a little bit above the flatline. Not getting a great bicker great bit of direction. A big focus on Central Banks and a u. S. And a focus on u. S. Policy. Titians, ay trade tensions, that coming up. Wrist bank leaves behind five years riksbank leaves behind five years. Is now what we are showing you. We were showing you the norwegian krone. Not to be confused with the riksbank. Bank, we scroll back to what they did there. That was as expected. See a to this picture, we number of Central Banks leaving policy unchanged. They were treated for negative Interest Rate hiking. They were moving in their own direction moving against the cutting cycle for many previous months. We continue to do that. Lets get a new lets get an