He shanghai composite up asx 200 picking up where it left off on wednesday. That was shrugging off the dreadful gdp numbers. Looking at the foreign exchanges, dollar weakness is being snapped, the dollar coming back against a popular currency. The bloomberg dollar index is moving higher. Seeing more yuan strength, the yen weakness has been pronounced and the euro is in the crosshairs of where currency traders are. There we go. Joining us now, trade j. P. Morgan Asset Management global strategist marcelo chow. Give us an idea where we are with the rally. It is looking toppy at the moment, but i have been saying that for a while. Good morning and thank you for having me back here. Index has record high been phenomenal so far. I think this reflects and factors expectations for 2021 andto recovery in 2022. As you mentioned, the recovery so far has been quite uneven. The Technology Sector is responsible for a significant share of the rebound. It seemed like there has been some good news val
[roll call] is commissioner safai present at this meeting . [roll call] we have a quorum. Thank you, madam secretary. Motion is awarded to vote whether to disclose discussions held in the San Francisco administrative code section 67. 1a. At this time i make a motion. Motion not disclosed. Ill second this. Moved and seconded. We will take Public Comment at this time. Madam secretary. Please open the phone lines. Members of the public who wish to provide Public Comment on this item should call 408 4189388. Access code 1467135208. Press pound and press pound again. If you havent already done so, please dial star 3 to lineup to speak. A system prompt will indicate you have raised your hand. Please wait until the system indicates you have been unmuted and you may begin your comments. Please state your name and make your comment. You will have the standard two minutes to provide your comments. Please let us know if there are any callers. Madam secretary, there are no callers. Thank you. Hear
Lets look at constituent movers in regards to all this. This is the position we find ourselves in. The yield one basis point to the upside. Again, we are waiting to hear more with regard from washington as to whether they will be doing anything about trade flows into china. This story has been getting a bit of traction. 7. 12. Aussie 10 year yields have continued to fall back a little bit. Up a couple basis points. The story is the governor of the reserve bank. Keeping his cards tight against his chest, as it were, as we look forward to that Rate Decision tomorrow. 3. 7 . It was priced towards the bottom end of the race. That is the position we find ourselves in. Look atlong, having a some images just coming through. Yvonne what we are seeing here is ahead of the 70th anniversary in china which is the founding of the peoples republic of china. We have some pictures of chinese leaders laying flowers at a monument to heroes at Tiananmen Square on the eve of this national holiday. Take a
Yuan to an alltime low even as beijing sets its mid point fix at a stronger than expected level. And european yields extent their slide as growing trade tensions spur a growing flight to safety with the dutch and the irish tenyear the latest bonds to fall below zero all right. So lets talk about some price action overnight we had chinese and Japanese Equities closing in the red. This after the u. S. Treasury department formally designated china as a currency manipulator for the first time in more than two decades. This after chinese authorities allowed the yuan to weaken beyond the psychologically significant 7 per dollar level on monday. The pboc rejected washingtons designation and insisted it does not use the yuan to cope with trade tensions chinas bank set the mid point stronger than 7, but it hit a low before news of a bond sale helped it to recover china confirmed it will suspend purchases of u. S. Agricultural products in response to President Trumps new tariffs a spokesperson f
Online Information Bank with all these systems. Now, most of the crimes are registered based on the devices. Its not as traditional as it used to be anymore. These things can be done online. This is one point. Next point, i want to say that because i m usually honest, because in the end , after this, the time we take from the people and the trouble you take in the media, what do people say . What is going to happen because we started this discussion 2 years ago the first point is when we enact a law so that this law finally solves one of the countrys problems. Article 23 of traffic crimes clearly states that crimes at the point where the offending driver will be fined as a kind of penalty, this is with a percentage of 60 to 40. Because i explained before , i dont really want to enter any place where the accident is wet. 600 for that. It is allocated both inside the city and on the roads and outside of the city. 7 thousand billion tomans is estimated to be 7 to 750 billion tomans. Gover