Platforms. Were only in this studio and together. Were making sure you stay safe, everybody. Stay safe, stay safe, increase in streets safe. Another cold with vaccine, a hopeful u. S. Pharma company, modernity. Jab, scholz, 95 percent africas ian trials. That as germany is pondering, even stricter measures to rein in the pandemic. Also coming as development, i think over 19 vaccine makes progress plans to distribute it around the globe are also on the way and once a price tag for the remains of a troubled company, spain, sometime there picks up wire cards, cord, European Business for a 100000000 euros im chris cuomo in berlin. Welcome to the program, and then there were 2 of us former firm, and ernest says trials of its corona virus vaccine candidate show it is 95 percent effective as the 2nd company to announce successful trials after fires there. And by on tag last week, it will still take time for the actual vaccine to be certified. But already there is the question. Will there be e
Gdp readings are expected to show an 18 rebound from the covid19 fallout. 15 asiapacific nations formally launched the biggest freetrade deal. The accord covers 2 billion people and is a decade in the making. Howi lets take a look at it is feeding through. Havent seen much of a reaction when it comes to the kiwi aussie dollar. We are seeing bond markets the little bit cautious. We are seeing 3 10 of 1 when it comes to trading in sydney. Thirdquarter gdp numbers showing a sharp rebound in japan. We are seeing nikkei futures trading mildly optimistically. That is the picture when it comes to u. S. Futures. Back to thiss get incredible trade deal. After eight years of difficult negotiations, the largest ever freetrade deal has finally been signed. The regional, comprehensive, Economic Partnership includes 15 countries with china, japan, on. Ralia and all of aussie how important is the timing of this considering the damage caused by covid19 . This will be, as trade ministers will say, a bi
8 up. A bit of a conundrum, it weaker than anticipated growth number when weve got Industrial Production and retail sales beating what was going on. Graphically, there you go. Retail sales, 3. 3 to the upside and that is what has been going on in aggregate. A mixed bag, a miss on the headline gdp but certainly a beat for Industrial Production and retail sales. Yeah, the topline picture is that China Remains the only major economy that is recovering at a pace like this but nonetheless, yeartodate, growth around 0. 7 . Year, beginning of the officials had hoped to get around 6 growth for 2020. Nonetheless, the fact retail sales came in well above the estimates will for economists who say we should see a broader economic recovery in china fueled by infrastructure. Straight cap to the pandemic, there would be focus on whether or not the consumer would step up and the numbers suggest that is happening. Ubss headore from of asia economics and achieve china economist. Always great to get your
These tech heavy benchmarks doing better than what we saw on friday. We are watching hong kong closely after we saw them arrests made after protests returned to the city. Looks like they are shrugging that off. Pretty steady for the euro. That ecb meeting on thursday. A lot of questions about how to tackle this euro strength. This has been pretty volatile of late. We get another round of brexit negotiations. Your off to your offshore revenue will be continuing. They onshore rate has had the highest stretch. Bond markets have been falling. Pickuptreasury yields after the u. S. Job report. These are back to the prepandemic levels now. Hedge inll a good these markets. Brent crude still following what we saw with oil markets. Around 42. Lets get more analysis now. With eight Market Strategist. What is your assessment of what the key drivers are behind markets in this part of the world . Good morning. Thank you for having me today. I think we are seeing an interesting trend. We have the sit
Germany. Where exactly. Is fun money lost cars culture history. Travel extremely worth of it. There is no cash for a comeback Chinese Consumers fail to shake off where no survivors are coronavirus and its not only julys disappointing retail sales that have asked for is worried about the nations economic recovery also from. Well tell you why force gold is struggling to cope with a wave of waste. Im chris cuomo welcome to the program richard figures in china for the 7 months in a row as the pandemic continues to us. Consumer spending in the country where the crisis began purchases of goods and services for 1 point one percent year on year in july that is worse worse than expected however the countries in those who are put jumped by nearly 5 percent compared with last year the government has put its stimulus money into the sector to get it moving again. For more lets bring in Katherine Young of Fidelity International hong kong and our financial correspondent on a device by her in frankfur