Sweet farmers their start harvesting crops with wheat exports forecast to almost double this year. But have to do business on one of the giants and burn em good to have you with us and were starting with china manufacturing there continued to recover in october as a key purchasing Managers Index reached the highest level since january 2011 the sides seem private the follow to official p. M. I. Figures over the weekend which also showed faster recovery in the worlds 2nd biggest economy the pandemic appears largely under control in China Business operations improved as did the mood among entrepreneurs that export growth is slowing us code 19 resurfaces in other countries. Well for more on those chinese data im joined now by our financial correspondent in frankfurt cama good to see you. Well obviously today germany starts its 2nd aloft down how did china manage to to keep the economy open. O. Monaco with strict top down management off the outbreaks as soon as an outbreak happens in china
To its limits its also introducing a nighttime curfew for parents and 8 other cities. Thailands government to balance large gatherings as prodemocracy protests against steam in the capital bangkok a group had to carry out such as count outside the Prime Ministers Office. I mean if i must come across europe the number of new Coronavirus Infection is surging and so have a number of new restrictions to stop that search german chancellor Angela Merkel has outlined new measures agreed as a marathon meeting in berlin the aim is to slow the spread of the virus in urban hotspots negative ones that if the rapid rise in cases is not stopped the situation wont end well she also peel to young people to put that passing on hold for now. Votes and im convinced that the actions we take and do not take in the coming days and weeks will be decisive in answering the question of how we will get back. To me home. We are seeing a rise in the rate of infections a steep rise and there is a very high rate of
German probably will not im often berlin this is the day. You cant fix the economy until you fix the code the crisis i think people across this country are fed up with a time when theyre kind of playing where their next meal is coming from and he has no intention of doing anything about making it better in 47 months than youve done in 47 years just make it Crystal Clear that russia. Is involved. Of course the American People if there is an additional round of stimulus then that would add 2 Percentage Points of growth in 2021 which then would bring the u. S. Much more quickly back to crisis level investors are frustrated that washington cant seem to get its act together to give a package to the country which is sorely needed especially for Small Business before the election. Also coming up french president emanuel saying tough new measures against the spread of covert 19 including strict lockdowns in paris it ok this is you know the decision we have taken is in effect a curfew a curfew
Upper 106 level before u. S. Retail sales and trade talks are planned for the weekend. We are seeing dollar weakness in recent days. Gold futures at 1946. It is above 1900, a wild ride for the metal after surging 30 this year. We saw the plunge below 1900 tuesday. Gold is still an of the bestperforming commodities of 2020. 66. 22. 10 year yield at lets flip the page and look at where we are in terms of the chinese shares ahead of a slew of data for july on friday, including Industrial Production and retail sales. The csi 300 is in negative territory, down. 4 . The yuan is at 6. 93. The hang seng is getting some gains. Center, infront and negative territory right now even as it the highest estimate. Tencent also played down the Trump Administration as we check been. Ban wechat the kospi is up on a 52week high. Look at southeast asia, this is asias worst performer this year, correctly up. 5 . It may rise to between 6500 to 7000 this year, driven by pretty much the government stimulus pac
Set containment measures until at least easter. 16 ork city reports a ncrease in deaths in six hours as the white house and congress onsider a full ground of stimulus, hopes for a vaccine. Break europe, i wonder how optimistic investors to be about the chinese dates, better than expected for manufacturing and p. M. I. , cturing ultimately china firms saying the business was better than the where we had the worst contraction since 2005, of chopper water still ahead, new export orders till in contraction with the irus going global and employment. You need the rest of the world to open up to drive those exports, to drive that in china. The question for marketing is no. Coming in, na date o you begin to debate not v haped or u shaped or almosted sharoned recovers. R. Wilson says the roses are unlikely and the radiation phase going to happen. Of reselling tend 2018. Me, but it didnt in hats the basis of the theory well debt later on. He saw global. Were not today, seeing the same risk on, y