Billionaires index. Raise 30 5ting to billion in hong kong and shanghai. Aviation in australia. Alice springs emerges as the ideal place to store passenger planes left idle by the coronavirus. Shery. Shery breaking news out of south korea. We are getting the preliminary thirdquarter gdp numbers and we are seeing the quarter on quarter the economy has grown 1. 9 , which is beating expectations of 1. 3 and this is also coming after its first recession since 2003. We saw a contraction of more than 3 in the previous Second Quarter. Youre on your, still a contraction of 1. 3 but its a much smaller contraction than was expected and it is also a contraction that has eased from the previous quarter. We have seen growth and strength when it comes to south koreas exports and manufacturing industries. Thirdquarter manufacturing actually growing 7. 6 quarter on quarter when you look at the details in the gdp numbers. We have seen the rebound in china. South koreas biggest trading partner helping i
It was the biggest single day drop since september 3rd. The index fell more than 950 points at one point. Worries about the economy rose after the daily tally of new intexass in the u. S. Climbed over the weekend to about 83,000. The techheavy nasdaq fell at well. People in the markets said investors sold on fears that the surge in new cases would derail efforts to get the economy moving again. Investors are turning cautious as lawmakers in congress remain far from a deal on additional stimulus measures. Staying in the u. S. , the Republicancontrolled Senate is set to confirm Amy Coney Barretts appointment to the countrys top court. The 48yearold will bed Third Supreme Court Justice Toews chosen by President Donald Trump. She will succeed Ruth Bager Ginsburg who passed away last month. Her lifetime appointment samcems a 63 majority on the bench. Divisive issues such as abortion, gun control and health care. Trump, trailing in polls, made barretts nomination part of his pitch to voters
Freezing hiring sending their shares lower peugeot gives a soft outlook. The tie up is on the right move. This is not a merger on the crisis mode. This is two Mature Companies they know the challenges ahead are very significant and will be in a better shape coming together as we mentioned, the dow has suffered the twoday point loss wiped 1. 7 trillion off the s p this follows the fact that u. S. Authorities warn a pandemic is likely they told americans to prepare for, quote, Community Spread of the infection. The transport sector had its worse day. Energy and tech more than 10 off recent highs tech off a record close one week ago across the major indices were much higher than average. We look at what is looking likely all three of those at the moment looking to trade down at that market open. As investors took money out, they were looking for safe havens which says u. S. Treasuries were in the yield hitting an alltime low. The 30year as well. Just know that investors did flee those in
Equities climb as President Trump delivers a measured response to iranian strikes on u. S. Bases. He does, however, promise new sanctions on tehran. Fighting back, japan calls of itsghosns criticism legal system absolutely intolerable. This after he blasted tokyo for hostage justice. Plus, not so fast. Hard. In hong kong hits u. K. Retailers post sales britishafter what the Retail Consortium called the worst year on record. Speaking of that m s Third Quarter, looks like u. K. Sales theout, gaining 0. 2 , and fullyear guidance has been ishanged, but mark spencer out with like for like u. K. Sales. We are also getting german trade balance and current account data right now as well as industrial , the Industrial Production yearoveryear figure, a drop of 2. 6 . The survey was for a drop of 3. 7 . It is a bad number but not as bad as had been anticipated in terms of the current account balance. We are looking at 24. 9 billion, we were looking for 23 point 8 billion. German Industrial Produc
But the bank is hoping to close the deal by year end. U. S. Sends additional troops to the gulf. Iran threats are absurd. Its not the first time he said something ridiculous and laughable. The United States is our allies. The attack was against the whole world, not just saudi arabia good morning welcome to the program. We are closely watching the survey data this morning pmi after a weak read in on Germany Economy and france the numbers crossing for the eurozone, 50. 4 that is 50. 4 the flash pmi estimate was seen higher around 52, so it is weaker than anticipated but it is holding crucially above that 50 break even level. When it comes to the comparison to august, you can tell how quickly we have unwound to trade around the 50. 4 level today. When it comes to the deep level of pain across the eurozone, the manufacturing flagged up flash estimate at 45. 6 this is weaker than the 47. 2 anticipated. Also down probably 47 that we flashed up in august when it comes to services, and this is