lets get you the latest on the israel gaza conflict. israel says it has now all but completed its military objectives in the north of gaza and is proceeding aggresively with ground operations in the south. around 170,000 people in khan younis, have the israeli military has again urged people to evacuate from areas they re targeting. around 170,000 people in khan younis, have been warned to leave for their safety. the world health organization says it has been told by israel to move medical supplies out of two warehouses in southern gaza within 2a hours although israel has denied this. these pictures show explosions and fire in gaza on monday evening. a spokesman for the un children s charity, unicef, says there s nowhere safe for people to go. and there are reports from gaza that at least 30 people have been killed at two schools where people were sheltering, including children. earlier reports, from the official palestinian news agency, put the number of dead at 50 i
crypto prices higher. specifically i think two factors actually drive these two classes. the first one is liquidity and the second one is the us dollar. let s talk about liquidity, i think in the past few weeks we have seen actually easing from china and also from the us. the fed has been injecting liquidity through overnight repo facility. also from a seasonality perspective. november, december tends to be quite favourable in terms of financial conditions. the rally in bonds and the fall of interest rates has helped also financial conditions to ease in the past few weeks. hence we have seen a surge in the liquidity and the system and that propels both gold and crypto currency higher. the next reason is the us dollar. both gold and crypto currencies are denominated in us dollars and when the us dollar becomes weaker, that is actually a tailwind for both asset classes. as we mentioned, given the market is now pricing in increasingly probabilities of cut starting as early as ap
there are a few things that drive gold and crypto prices higher. the first one is the quality and the second is the us dollar. let s talk about liquidity. easing from china and also from the us, the fed has actually been injecting liquid italy, overnight repo facility. so also from a seasonality perspective, november december actually quite favourable in terms of financial conditions, and indeed the rally, or the fall of interest rates have helped also financial conditions to ease in the past few weeks and hence we ve seen a surge in liquidity in the system and that propels both gold and crypto currencies higher. the next reason is for the us dollar. both gold and crypto currencies is dominated by us dollars. when the dollar becomes weaker that is a tailwind for the causes. given that the market is now pricing in an increasingly probability of cuts are starting as early as april next year, the us dollar has been weakening versus both other currencies including gold and crypto
we? , . , , we? yes, we have been in this situation we? yes, we have been in this situation and we? yes, we have been in this situation and times we? yes, we have been in this situation and times before - we? yes, we have been in this situation and times before to l situation and times before to be specific. this is the latest adjournment to be honest with you and when it comes to this whole anagram saga and we are in today isn t so different to the position we were in yesterday evergrande. the details we have out of the court, we haven t had many. what we do know is that the creditors, these foreign creditors, these foreign creditors who brought the case against evergrande, they weren t opposed to the adjournment, so that suggest that the parties are going to try and go back to the drawing board and come up with some kind of repayment plan that is credible for everybody. evergrande says that will be refined in the next five weeks but have to say about that. it is wi
it is the world s most indebted company. for more on how this could play out, i have been speaking to an insolvency expert from deloitte and asked him what happens when a judge does order a liquidation. inaudible when a judge orders a company to be wound up by way of court and the company would be formally placed into liquidation but the recommendations are two petition which will go backwards. provisionally the data will be appointed by court. in the sense that it is just a provisional and that will be a formal appointment of liquidators later what would a liquidator do and with the directors cease to have control of the company in the circumstances? directors will cease to have control and with that no power inaudible and while the provisional will assume the powers of the directors so they can do basically all of the powers as given by court to them in the court order. we ll be hearing more on that story in just a little over an hour so stay tuned. news from the ongoing