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Pushing back on expectations of the rate cut a rate cut by the fed treasury. Yields climbing. 10 year yields at a new high. Data has been pretty mixed. The yuan weakness, persisting. Some suggesting the pboc finally vowing to reality. Take a look at where we are, beating estimates of 4. 8 . A busy day for key data out of china. Chinas economy beat expectations the First Quarter boasting expectations the government can meet its ambitious annual target of 5 but more of a mixed bag, with much activity data, while fixed Asset Investment the results for Industrial Production and retail sales, they both missed estimates. Meanwhile chinas new home prices are showing a slight improvement in march from february while still contracting for a 10th straight month. We heard earlier from the blackrock vice chair, philip hildebrand, on his take of the chinese data. Theres a lack of domestic demand that is going to be a challenge Going Forward. Number came in roughly a little bit above expectations. Y
Rate-cutFirst-quarterAsset-investmentIndustrial-productionNew-homeHome-pricesEconomic-dataKey-takeawaysTell-usRetail-salesGoing-forwardEconomy-muchThe g 20 summit in the absence of the chinese and russian president s cracking down on drug trafficking, columbia considered as a new approach, including legalizing some production and fishing boats and military helicopters, rescue people stranded in flooded greek villages, at least 10 people have by the thank you very much for joining us. Its 3 g m t and wed begin with breaking news from morocco where at least 296 people have died after 926. 8. Those quakes truck, the center of the country more than a 150 people are injured. Several video show collapse buildings, particularly in parts of the old medina in the city of america. So the sort of the addition of so do the mother because of the powerful earthquake of magnitude 7. 0 hit with this epi center in the whole region. According to preliminary reports, as of 2 am local time, the earth quake resulted in the death of 296 people in various provinces. In addition to the injury of another 153. 00 people, which they suffered every active i
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