A lot of that to the world and that. The to. This is boom bust the one business show you cant afford to miss im sorry mando in washington coming up the bull markets are on hopes that the u. S. Will toss some sort of a groan a virus relief bill this comes as President Trump offered a broader 1. 00 trillion dollars package but well democrats counter the committee consisting of global Central Banks is looking at possible guidelines for enforcing crypto laws but one major economy is not part of those talks we have a boom bust panel standing by have a lot to get to so lets get started. We begin today with Global Markets reacting to the news that there may still be hope for another u. S. Stimulus. Package thats before the election starting in russia the most is down for the week as a ruble climbed to 2 week highs but still near recent lows concerns grew as france and germany they both push for a use ancients over the alleged poisoning of alexy of only already asian markets the shanghai compo
The countrys reserve bank kept Interest Rates unchanged at 4 percent the a. S. X. In australia also for the week blue chips and tech stocks led those gains almost all for soared 12. 2 percent after acquiring u. K. Platform breathed for 32000000. 00. In south africa the all shares also in the green on wednesday the central bank reiterated it would keep rates steady at least in the near term Consumer Staples and gold miners also lead those gains lets head over to europe in the americas starting in london where the footsie is up for the week well and gas prices hope those gains the index saw some losses though on friday data out of the u. K. Showed that g. D. P. In august grew 2 point one percent which was less than expected the german dax also in the green now german exports rose for the 4th consecutive month by 2. 4 percent in august after a 4. 7 percent rise in july french also in the green closely monitoring about u. S. Stimulus in brazil the evo best buy also seeing another green arr
That really has been down to currencies. The dollar index is up at the moment, but if you look at it over 24 hours, actually, its down by. 3 ,. 4 percent. One of the main beneficiaries of crown weakness has been strength. Sterling has been propelled about 1. 5 in the last day or thereabouts. The dollar weakness has been felt with the yen also moving to the upside. Theres another reason we are seeing upside on equities in japan. Gold not a major beneficiary, though it was at oneweek highs at one stage after the dollar was sagging earlier on. Thats a look at markets. Lets head over to tom. Tom lets get you up to speed with some of the other first word headlines. The Trump Administration is ramping up tensions with china once again, designating six asnland Media Outlets foreign which it says are controlled by beijing. They include the economic daily, which provides a look at beijing economic news. The Administration Says all six are substantially owned or by atively controlled foreign gov
Green on wednesday the central bank reiterated it would keep rates steady at least in the near term Consumer Staples and gold miners also lead those gains lets head over to europe in the americas starting in london where the footsie is up for the week well and gas prices hope those gains the index saw some losses though on friday data out of the u. K. Showed that g. D. P. In august grew 2 point one percent which was less than expected the german dax also in the green now german exports rose for the 4th consecutive month by 2. 4 percent in august after a 4. 7 percent rise in july french also in the green closely monitoring about u. S. Stimulus in brazil the evo best buy also seeing another green arrow the main b 3 stocks climbed 2. 21 percent but robust stocks led those gains in line with crude oil which also rose about 6 percent now heading over to mexico the b. M. V. Also up on the week it reached highs that it hasnt seen since june or Oil Prices Also contributing to those gains on ou
Front. Caroline the question is whatd you miss . Data shows that the u. S. Retail sales rose in september at the fastest pace in three months. Numbers released next week and china are expected to reveal that the nation is on pace to grow this year, with Industrial Production on fire. When you look at the big picture, joe, economic reports confirm that china needs the u. S. And the u. S. Needs china. Their economies are linked handinhand on the industrial and consumption levels. There are many issues between these governments, that we would see. But there is a link between the two economies and it is remarkable. Joe it is pretty striking because so much of the story of the economy, the Global Economy some overproduction in china, it is the opposite. You see this in our charts that Cameron Crise made. Industrialine is recovery of precrisis levels, very impressive. On the consumption side, it is very far below precrisis trends. Chinasuction side of economy is roaring back a lot faster. Ca