video transcript

European risk assets head lower again as investors whole file ahead of 2 -- Central Bank policy decisions. That Independence Day holiday in the United States also thins I've trained. Well ice time to the European Central Bank tomorrow and the basic as we'll see rates cut by 25 basis points to seek quarters of 1%. That would be a fresh record -- but may still not be enough to convince markets. I'm always looking to see whether there's any sign of the -- to be starting as bond buying program or if it plans to make you ultra cheap loans to banks. Even if it does some economists see -- and. -- may be limited. At this stage the weakness I think he's really about nobody wanted to take out credit why would you in an environment where -- compatible so incessant. I just wouldn't make any sense to be giving it to the states I think the problem is engendered confidence. And nods to the financial sense of in the real economy also it. Policy decision also due from the Bank of England's no expectation of a rate cut them up so all eyes on the -- on buying plans. Economists polled by Reuters expect to be you -- to pledge an extra fifty billion pounds of quantitative easing. And it could be more drama to come from Buckley's. XE you'll ball diamonds testimony today except for forensic scrutiny of markets wait to hear what buying may be next in the firing like. It's a big day on the bond markets also Madrid you to sell up to three billion euros of bonds with maturities I -- 20/20 two. Yields on spotted bonds today climbing but it's what's the danger zone though as -- scroll over the you -- zone's ability to implement its latest crisis fighting measures. And Ireland may expletive -- will be a triumphant it's on to the markets but the bond market but Dublin set to test -- -- with -- sale of treasury bills. And on the day it's a -- -- -- getting into the build up to the June US employment report on Friday. Tomorrow's ADP employment mom -- coming in at 105000. Passed down from 159000. A month held up. Analysts polled by Reuters expect on front panels on Friday to come in 90000. What assault must honor I'm Judy we gave up this is most of.