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Report, and the jobs data tomorrow. Without a doubt, to of the greatest mysteries we have seen since february. We cant emphasize enough the imports of this claims data. Jonathan we really hope we see an improvement after things went the other way last week. Later tomorrow, we get the payrolls report. Unpredictable. That is the word you would here again and again. Tom lisa, i am going to go back to your bond work for years. Theres a point always where you switch from yield dynamics and analysis to a price study, and it really is beginning to feel to me right now that all the media and the experts in the pundits are beginning to look at price, not yield of bonds. Lisa i think you underscored one of the most important questions in the bond market this week when you asked, is it the real economy driving yields solo or is it the Federal Reserve . I think that is a key question Going F ....
The markets are focusing on what jay powell said yesterday. The market is also focusing on what we are seeing across the globe. The number of infections being weighed compared to the extra Monetary Policy being put out there. Investors weighing better economic figures against the continued increase in virus cases. In other news, metals advance with copper climbing for the fourth day. Manufacturing and services in china. That adds to a bit of optimism. Lets get straight to the bloomberg first word news with leighann gerrans. China has approved Landmark National security legislation for hong kong at the end of a threeday meeting in beijing for the nations top legislative body. Representativee confirmed the vote. The u. S. Said it is suspending hong kongs special status, making it harder to export sensitive American Te ....
Total bond purchase target to 745 billion. Beforewaiting until 2 30 the governor comments to journalists. We will get more details on exactly what the bank was thinking at that point, but theres obviously speculation swirling that we could see as far as negative rates. Qe byoted 81 to expand 100 billion. It will be interesting to know whether that one is actually for more qe at that point. The data in the moment very weak. We saw the cpi data earlier this and thatedibly weak, negative gdp print for april. Remember, the bank and the asernor more broadly seen more optimistic on the economy in the u. K. , but the bank is ready to take further action is needed to aid the economy. That is what weve got so far. Jonathan the pound filling the gap lower, turning negative by just 0. 1 against the u. S. Dollar. Get me to august for the next big bank of england sit down. We expanded qe by 100 billion. Do they have to go again . Guy the expectation is they probably do have to go again. In many way ....
Our focus of america on Christine Lagarde yesterday, really stepping up and really confirming the independence of the European Central bank. Francine i think you are right. The markets are focusing on more focusing more on what is happening in in europe with the ecb turning more than markets expected at this economic response with extra stimulus from germany and austria today. 750es optimism this policy from europe they are focusing more on this stimulus and social unrest we saw in the u. S. The other thing i would point to is the fact that u. S. china trade relations, theres a lot going on with china stepping up 33 of then against chinese company. Companies. Rick hsbc tom hsbc and charter extending into the weekend. Here is first word news in new york. Todays jobs report is expected to show the u. S. Unemployment rate surged almost 20 last month, after reaching the high ....
Of the mining, some of the oil and gas doing well today. Health care is the lead losing sector. We will talk about that with the devil, with the Telefonica Liberty deal. Brutalbank of england, a session being forecast. We apparently have an issue here in london with manipulating the turkish currency, according to the authorities. Local banks having interactions with a series of them. And the norwegians have cut rates down to zero. Down despiteking the krona is knocking down to 1. 96 . Earlier, Francine Lacqua speaking to bank of england governor Andrew Bailey about open it do qe for the bank of england open ended qe for the bank of england. Weve got a rapid expansion of stimulus, so we got a lot going on. We have already got a lot thats happened, and weve got quite a long way to go in terms of what weve announced. In ....