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British pound sterling. Lots of development in europe, including the 750 billion euro package, a combination of loans and grants. We will get to that in a moment. Essentially, that massive edge helping to narrow spreads, so the italygermany 10 year spread in seven basis points at 1. 91 . Matt the china story obviously a huge one that markets didnt look like they were pricing and until now. The european rescue package was a story that markets had priced in already. It was 500 billion last time arco spoke. Today it has grown a little bit, with another 250 billion euros attached to it or get still, 500 would be the number in grants. Overall, it doesnt look like that is doing much. In terms of the stoxx 600, it is down. The dax is up or than 100 points again. One of the big reasons is daimler. Renault is up 16 . Macron has unveiled a 5 billion euro loan guarantees to renault. No direct help to daimler, but theres going to be incentives in france to buy a new car, 7000 if it is electric, an ....
Lets have a look at what has been really driving things here, haslinda. Haslinda the focus this week for markets will be that policy meeting in china. Fed chair Jerome Powell says a new rebound in u. S. Growth depends on the delivery of a vaccine, but he stressed that the economy will recover eventually. This economy will recover. It may take a while. It may take a period of time. It could stretch through the end of next year. We really do not know. Powells remarks follow a warning that and our chief asia correspondent, enda curran, joins us now. Away . S the key take powell saying he is not looking at negative rates. Enda not looking at negative rates, haslinda, but also saying they have some options on the table. The fed has done so much in terms of cutting Interest Rates. And all of the liquidity measures it has taken, they still have the option of doing what the bank of ja ....
Suffering ahead of the eat holiday. And im santa how much now have all the sport including the German Bundesliga continues its return the way it has claiming theyre laying down the win over suu. Kyi lets get going for the 1st time since the outbreak began late last year china is reporting no new cases of the coronavirus despite an increase in testing in areas including the former epicenter Health Authorities have warned there are still some suspected cases people are being told to continue Wearing Masks in crowded places such as supermarkets and Shopping Centers lets go live now to beijing and our correspondent katrina you katrina is this a milestone in chinas efforts virus control. Its definitely a milestone we have to remember the 1st recorded cases of the ....
Other people somebody needs to pick up the phone or identify them through technology to keep them isolated just stop the spread that this. Isnt too soon to reopen the economy now. I dont think so and i spend a lot of time im with there in nashville but are not going or in tennessee states it is on track to open in back next week and i think theres a balance were moving today from this Global Mitigation where you shut everything down and were making that transition in to that individual containment that local containment and its not a matter of looking at Public Health in lives saved versus opening the economy thats the false choice the real choice is how do we open this account of me with what we call affordable containment and that is to like an accord begin to go out open it up if the virus is unleashed at all to close it back then now and the time is right to do it now b ....
Time now for our top market moving news from our new york team. Joining me Bloomberg Opinion columnist brooke sutherland. What were some of your Key Takeaways . Brooke i think what is interesting is target talks about First Quarter comparable sales being up, but nearly all of that was from digital. Digital comparable sales were 141 in the quarter. Those sales come at a cost. They are more expensive. The natural supply chain dynamics of delivering products to homes rather than having them purchased instore is more expensive for target, so you are seeing that market squeeze. Clothes,rent buying where target gets more of a higher profit margin. They were buying food any essentials. Is this a structural shift . Are people getting so used to ordering online that they will continue to order these items . They did also callout ....