The start of the week, a huge. Otation towards value the s p up by 0. 6 . The pound is positive. The departure of dominic ,ummings at 10 downing street going at the end of the year, setting up expeditions that may be a brexit reset and a deal as possible. Interestingly enough, we are seeing a continuing move in what we are seeing in the bond market. Bonds are bid today. He was there moving back down, unsurprising and what we heard from Christine Lagarde yesterday. More broadly, the virus definitely back in charge. The vaccine news at the beginning of the week, the virus news at the end of the week. Alix such a great way of framing that. Lets break down the virus issues more. The global coronavirus case is now topping 52. 9 million, deaths climbing to 1. 3 million. Focus is on europe and how it is addressing the virus. Joining us is Bloomberg Opinion columnist ferdinando juliano. The story in the u. S. Is that you guys are doing targeted lockdowns, and it is working, and the cases are l
So that is pretty evenly split, actually. Theres certainly quite a lot of recognition that Central Banks need to think about new toolkits. We are going to go to some questions now, but if you want. O use the platform to submit i think larry gave an excellent description of what the core problem is that the developed world faces, that there is a glut of saving and a , and it of investment really means that we have to have fiscal policy, structural policy, and things other than. Ust relying on Central Banks i think Central Banks need to do what can come about they can. Adopting a system called flexible average inflation targeting, i think this is an appropriate change. Somewhat improve the scope of Monetary Policy to show that shortterm Interest Rates are often constrained by the effect of lower bound. I think it is helpful in preventing a cycle of falling inflation feeding falling inflation expectations, but i strongly believe Central Banks need to be independent and need to do everythi
Trust. So i think certainly the message from my pay was of course, the outgoing secretary of state is to try and get these sides to, to get the technicalities out of the way and start negotiating on the really difficult point. The resurgence of covert 19 has many countries tightening restrictions. Canadas largest city toronto is going back into lockdown. The pandemic suspected to be the main topic of discussion at the g 20 summit, which saudi arabia is hosting. And then i, and i mean, this is been an extraordinary year. The cove in 1000 pandemic has been an unprecedented shock that affected the entire world within a short period of time, causing Global Economic and social issues. Our people in economies are still suffering from the shock. However, we will do our best to overcome this crisis through international cooperation. The United Nations says a full scale humanitarian crisis continues to unfold in northern ethiopia. The un has called on warring sides to halt fighting. So more aid
Boost the recovery. Larry summers says the coordinated Global Response is needed. And airbnb books an ipo in new york, aiming to list shares on the nasdaq. Booking through september a total of 18 billion. Although it admits covid19 continues to affect the business. Lets take a look at the asx. More than normal when it comes to the australian soft market after it had the data disruption out. Yesterday was the longest outage in about a decade. Of course, it meant australian traders missed out on the bulk of the days rally. Only trading for a halfhour. We are seeing a pretty modest start, less than 2 10 of 1 higher at the open. Perhaps some caution there could be more technical difficulties. We are seeing gains when it comes to trading in new zealand. Nikkei future setting off on a bad foot as we are seeing some profittaking. It does look like the vaccine driven optimism and the rather we saw overnight will continue, with s p active futures in the positive. Shery we have breaking news at
Compare wrapped up saturday with meeting the taliban delegation involved in intra afghan talks. You have met an hour earlier with the Afghan Government delegation. These are talks that would integrated back in september the u. S. Secretary of state where he was here for that as well. But its been a difficult process moving forward. The talks still stuck on the technicalities of what kind of islamic rule will govern that govern the framework of these troops. I think the message certainly for my pompei will be that there seem to get the 2 sides to sit down to really get to the difficult issues just hours before with Afghan Government and taliban negotiate is. I sold fired rockets on kabul, killing at least 8 people. Dozens of others were injured in the attack. The United Nations says a full scale humanitarian crisis is unfolding in northern ethiopia. The u. N. Has called on warring sides to hold fighting immediately so more aid can be delivered and refugee save zones can be set up a gove