Thankorgie about you for joining us. Worryingld we start about the amount of debt we are generating and the impact it will have on the economy longerterm . First, thank you for having me. The worries about debt levels going up are not for now. For now, the biggest worry is we do not do enough to support the economy until we have a durable exit from the health crisis. With Interest Rates being record and government can borrow inject hopefully not only a recovery, but a more potent, higher productivity based growth so they can repay the debt they are acquiring now. Case for lowhe Income Countries already in distress. Importanty it is so we make sure they are provided with relief and they are supported with grants and concessional financing, a big theme for our annual meeting spirit for our annual meetings. Francine what is the biggest risk to your outlook . You say the recovery will be uneven, but you have increased your projection . Kristalina the situation today is less dire than it wa
Rescinding the carbon laws. , data in the u. S. , 8 30 a. M u. S. Jobless claims. The Bloomberg Consumer comfort number at 9 45 a. M. P. M. , the Consumer Credit number four june. Earnings, before the bell, wendys, duke energy, and amc. Bell, news corporation, not 21st century foxconn with the unit that owns the wall street journal. I cant keep track of the names. It is the wall street journal, essentially. News corp. 19thcentury . This is what Rupert Murdoch loves. Maybe newspapers can make money on their own. With a pay wall. Cbs, lions gate, and solarcity as well. Bank of england comes out with its Rate Decision at 7 00 a. M. , ecb comes out at 7 45. Of the important out press conference for governor mario draghi. That will be a remarkable press conference. A data check. Stocks, bonds, currencies, commodities. Futures bounce after a tough number of days. Interesting to see how the equity markets in the u. S. React after what we healed from frankfurt. Oil south of 97. Vix, 16. 37. Ge
Sluggishness rising unemployment and the risk of deflation in the euro zone. Mario draghi considered confidence in europe something not heard in a while and massive Bond Buying Program will begin in just a few days. Today, reaction was in the currency market as the euro fell below the level for the first time in 2003. Details on draghis plan from the European Central banks meeting in cypress. Finally, going to start the Quantitative Easing Program. It will be next monday. And we also know now that the ecb is also going to buy sovereign debt with negative yield. Apart from that mario draghi left the doors open to perhaps even extending the qe Program Beyond the current planned date of 200616. It will depend on Inflation Development in the euro zone. But can say that mario draghi is very upbeat about the economic developments here in europe. Now predicting that gdp growth on average will reach almost 2 by next year and deflation will be back close to its target by 2017. Ecb is declaring
Mario draghi considered confidence in europe something not heard in a while and massive Bond Buying Program will begin in just a few days. Today, reaction was in the currency market as the euro fell below the level for the first time in 2003. Details on draghis plan from the European Central banks meeting in cypress. Finally, going to start the Quantitative Easing Program. It will be next monday. And we also know now that the ecb is also going to buy sovereign debt with negative yield. Apart from that mario draghi left the doors open to perhaps even extending the qe Program Beyond the current planned date of 200616. It will depend on Inflation Development in the euro zone. But can say that mario draghi is very upbeat about the economic developments here in europe. Now predicting that gdp growth on average will reach almost 2 by next year and deflation will be back close to its target by 2017. Ecb is declaring victory without having started the qe program in the euro zone. Annette. Did
Mario draghi considered confidence in europe something not heard in a while and massive Bond Buying Program will begin in just a few days. Today, reaction was in the currency market as the euro fell below the level for the first time in 2003. Details on draghis plan from the European Central banks meeting in cypress. Finally, going to start the Quantitative Easing Program. It will be next monday. And we also know now that the ecb is also going to buy sovereign debt with negative yield. Apart from that mario draghi left the doors open to perhaps even extending the qe Program Beyond the current planned date of 200616. It will depend on Inflation Development in the euro zone. But can say that mario draghi is very upbeat about the economic developments here in europe. Now predicting that gdp growth on average will reach almost 2 by next year and deflation will be back close to its target by 2017. Ecb is declaring victory without having started the qe program in the euro zone. Annette. Did