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Attention to what is happening. Very much what we did earlier. This is it this is what Christine Lagarde says the central bank will do. The governing council will carefully assess incoming information, including developments in the Exchange Rate when it comes to simplifications for the mediumterm inflation outlook. Christine lagarde, president , speaking earlier and joining us now. Christine lagarde basically indicates it is ok until there is an impact on inflation. Three ways the ecb can talk about currency. They can talk about principles, how it is not a part of their policy. They get seriously concerned about the movement currency and it could lead to price stability or the aims to achieve inflation goals being undermined. We can go back to worrying more about covid19, more about the growth prospects, rather than ecb getting too worried today. Whenever you see a headline ....
Starts to fray. We will speak to the governments key Economic Advisor at 8 30 gmt. We are less than 30 minutes away from the start of european cash trading. Futures are up and running. It is likely we will see a positive start, but we are looking at the fair value calculations a little later on. Lets take that and put it into context. Gmm, as ever, good context. The consumerof staple stocks doing well, chi as market up by 1. 56 overnight. London had a good day friday. We see the brexit story there, but nevertheless, it was interesting to see how the pound traded through. The s p, surging on the back of that jobs data. Keep an eye on the aussi dollar story. That is fascinating as we watch economic developments down under, and whether we will get a rate hike or not. Check out this data on gold. I put this up your because of what is happening with bitcoin. Lets look at what is happening across the gmm. Here we go. Gold, up by. 1 . ....
In london. Manus first thing this morning, the german chancellor Angela Merkel says she is confident the International Monetary fund will contribute to greeces third bailout. Francine on wednesday, the German Parliament will vote on a rescue package. Manus speaking for the First Time Since euro area ministers backed the 86 billion bailout, Angela Merkel said she would consider debt relief to make it happen. Ms. Merkel with regard to the extension of maturities, we have room for maneuver. Just like we had in previous times, we did extend maturities. The repayment rates. It is always possible to do something else, but theres also a clear statement that they euro cant allow another haircut. Ourcine lets ....
News conference. And six months from the e. U. Referendum, what exactly do we know about brexit . The big question this is bloomberg surveillance. I am mark barton in for francine lacqua. Here is nejra cehic. Deutsche bank and Credit Suisse have agreed to settle u. S. Investigations into their dealings in mortgagebacked securities. Deutsche bank will pay a 3. 1 billion civil penalty and 4. 1 billion in relief to customers. A 2. 48uisse will pay billion civil penalty and 2. 8 billion in relief for homeowners hit by collapse from housing prices. The Justice Department is suing barclays for fraud over the sale of mortgage bonds. Its as investors were deceived about the risk of securities. Our glaze has rejected the allegation, saying it will vigorously defend the complaint. President elect donald trump says he has asked boeing to of its superade hornet jets that could replace ....
By the time these cases get process for the debbie g oh, what happens with the politicians in the future might not have the same interest in limited government and good tax policy . They get the wto decision and they say be simplest way to deal with this is make wages no longer deductible. Even though its a subtraction method, debbie geo would probably approve it, and that, of course, i think you might as well fold up shop. Thechance of controlling size of government would be very, very low. This is something i think we need to seriously think about. Also, we have to think about the implications for tax competition, which i think is one of the few good things on our side controlling the greed of the political class. The better way plan in some sense is based on a plan that was published by the center for american progress, which is not exactly an organization that is friendly to limited government and low tax rates. The very first subtitle was avoiding the race to the bottom. And that ....