This year the world is facing political turmoil protests have become the new norm but what does this mean for the economy in terms of crypto currencies amid global turmoil crypto currency usage has spiked in some of these countries volumes increase in hong kong for example where the island is reaching almost 6 months of political unrest this was after the much disputed bill that would allow citizens to be extradited to china and just last month trading sites like local big coins reportedly saw it 3rd largest weekly big volume ever the platform accorded a 1420000. 00 worth of transaction volume meanwhile yellow vests in paris are nearing a continuous year of protest these were caused by rising fuel prices ecuador and also followed suit when protesters in the 2 countries took to the streets to call out the increasing inequality now weeks ago a state of emergency was declared in chile it is. A. T. M. s were on lockdown leaving many banking users without access to withdraw their funds the
Bright spots. Exports declined less than domestic but weak demand continues to bite. Joining us from hong kong is in karenrrent is in the is enda curran. Is pickingps demand up, and might put a floor on the economy into year end. There was a weaker import, and that underlines that the domestic demand is still weak. We know that new orders of the official manufacturing pmi remain weak as well come us adjusting that bottoming out still has a little bit to go before we can fully call it stabilization in chinas economy. The trade numbers were ok. There were certainly some optimism, but the big picture remains whether the government can push ahead and reach this phase i agreement theyve been talking about. Alix speaking of, the conversation has been to digitally that the phase i deal will happen in a rollback. The ministry of commerce spokesman in china saying that there have been serious discussions, and agreed to remove the tariffs in phases as progress is made on the agreement. What is t
We are down 0. 3 on the s p. Back down to 1. 90 on the 10 year. We got up past 1. 95 a little earlier. Disney one of the Better Stories today after earnings, up 4 . Gap up on the ceo leaving gap down on the ceo leaving more than 7 . Guy the president has just been indicating that he hasnt agreed to tariff rollbacks with china. This was always the risk with this rally. Absolutely it was built on a single man risk. If the president didnt agree, you were going to get this kind of reaction. The market is down by 0. 4 . In some ways, this reaction is relatively muted considering this is a key demand from china, that we do see some degree of tariff rollback. The fact that we are only down 0. 3 on what is a relatively big piece of news i think is worth paying attention to. The market may be signaling it Still Believes that a deal can get done, but we have rolled over this news. The president saying he hasnt agreed to tariff rollbacks with china. In terms of the way we are seeing that rippling
A state of emergency was declared in chile a. T. M. Walk down leaving many banking users without access to withdraw their funds the demand for of acorn and she there has skyrocketed this year as a result of these ongoing tensions unrest in argentina sparked when its currency collapsed earlier this year by 38. 3 percent civil unrest in lebanon also sparked krypto enthusiasm as a conflict led all banks in the country to shut down the lebanese are facing this huge crisis right now given that over 65 percent of them rely on banks massive protests in venezuela took place earlier this year where tens of thousands took to the streets in dueling protests in support in opposition of the standing government under president nicolas mother would go on as well and have turned to rely heavily on bit coin some are using it to pay for medical costs or even food beating gold in the hyper inflated economy and several reports revealed Venezuela Central Bank is allegedly looking to stockpile of. Idea of c
Deutsche banks restructuring cost went to 5 billion euros and push them to its 4th net loss in five year and shares rise for the second day a 3. 4 billion euro takeover bid. Well, as you can see, italian bank stocks are rallying this morning. The highest level in over two years after italy avoided eu disciplinary action. It expects the country to fall in line while they promise to reduce the deficit over the next two years. You can see there are almost 2. 8 unit credit particularly well this morning. 4. 6 higher. Also not performing quite as well as some of its peers though up 3. 7 . Now this broad based rally also underpinning the move. The spread between italian and jeremy ten year bond yields touched its lowest level in more than a year as they were near record lows you can see that distinction falling pretty sharply there at the end of the graph with the italian tenure down at 1. 639 and 10 year at negative. 388 now my colleague just got back from brussels last night and is immerse